Property Description
Welcome to 1518 Park Ave, a turnkey investment opportunity with strong rental income potential. This duplex features two spacious two-story units, each offering 3 bedrooms and 1 bathroom, ideal for maximizing rental revenue.Both units include kitchens and baths, in-unit laundry, central AC, and off-street parking amenities that support higher rents and tenant retention. Major updates reduce near-term expenses, including a new roof (2023) with a 5-year workmanship warranty, new furnace in Unit 1 (Feb 2024), and newer water heaters (2024 & 2025).With strong rental comps, this property offers solid cash flow and cap rate potential. Located near downtown Minneapolis, U.S. Bank Stadium, HCMC, and the Convention Center, with easy access to transit, I-94, and 35W, ensuring consistent tenant demand.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Other, Partial
Heating: Forced Air
Lot Size: 0.08 Acres
Roof Type: Age 8 Years or Less
Taxes: $4,971
Year Built: 1900
Feature Descriptions
Days on Site: 55
Foundation Size: 1358
Lot Dimensions: 26x128x26x128
Owners Expense: Insurance, Repairs, Sewer, Taxes, Trash Collection, Water
Parcel#: 2602924320061
Sewer: City Sewer/Connected
Tenant Expenses: Electricity, Fuel, Gas, Heat
Units: 2
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: Sanyu LLC
Agency Phone: 651-334-4806
Shown By
Agent Name: Chad Piepho, Broker
Agent Phone: (218) 963-MOVE
Agency Title: Counselor Realty
TOUR THIS HOME
Choose a date and time to see 1518 Park Avenue, Minneapolis, MN 55404.
An agent will get in touch to confirm your request shortly.
Estimate Your Payment
Estimated Payment
$ 2,659.32 per month $2,128.44 Principal & Interest $414.25 Property Tax $116.64 Homeowner's InsuranceChange Payment Information
Near By
Print This Listingx
Select a format below, new window will open and will prompt you to print.
1518 Park Avenue | MLS# 7107968
This multi-family property located at 1518 Park Avenue, Minneapolis, MN 55404 is currently listed for sale with an asking price of $399,900. Park Avenue is located within the Minneapolis school district. Search Minneapolis real estate on cpiepho.counselorrealty.com today.