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6 Beds
2 Baths
2,849 sqft

$389,900

1518 Park Avenue, Minneapolis MN, 55404

Price per sqft$136.86
Built in1900
Property size2,849 sqft
Property typeResidential
Courtesy of Sanyu LLC, Victor Lukandwa Listing Contact:

Overview

Active

Listed Jul 10, 2026

Updated 13 days ago

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.

$2,594/mo

Est. mortgage payment based on a $389,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7107968

Interior Features

Bedrooms
6
Bathrooms
2
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.08 Acres

Other Property Details

Taxes
$4,971
Tax Frequency
Annually
Maintenance Expense
$2,400
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Listings courtesy of Northstar MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Lisa L. Piche shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 2:52 AM UTC on 9/27/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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