Property Listing
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 Information
Status: Active
Sub Type: ********
List Price: $415,000
MLS#: 7107968
Current Price: $415,000
Address: 1518 Park Avenue, Minneapolis, MN 55404
City: Minneapolis
State: MN
Postal Code: 55404
Geo Lat: 44.967428
Geo Lon: -93.265549
Subdivision: Elliot & Abbotts Add
County: Hennepin
Property Description
Year Built: 1900
Lot Size SqFt: 3484.8
Gen Tax: 4971
Specials Inst: 0
High School: Minneapolis
Square Ft. Source:
Above Grade Finished Area: 2401
Below Grade Finished Area: 448
Below Grade Unfinished Area:
Total SqFt.: 2850
Style: Array
Total Bedrooms: 6
Total Bathrooms: 2
Total Full Baths:
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: