LKV Realty
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$399,900
$1,900Reward *
1518 Park Avenue, Minneapolis, MN 55404Listing ID 7107968

1518 Park Avenue, Minneapolis, MN 55404

Active
Elliot & Abbotts Add
Time on site: 36 daysLast updated: 1 day ago
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Other
Bedrooms
Bedrooms
6
Bathrooms
Bathrooms
2
Square Feet
Square Feet
2,850
Days on Site
Days on Site
1
Heating
Heating
Forced Air
Year Built
Year Built
1900

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

Property Details

Location

Address
1518 Park Avenue
County
Hennepin
City
Minneapolis
Zip Code
55404
Subdivision
Elliot & Abbotts Add
School District
Minneapolis

Interior Features

Beds and Baths

Bedrooms
6

Building

Building Information

Square Feet
2,850
Year Built
1900
Foundation
Slab
Roof
Age 8 Years or Less

Property Taxes

Tax Annual Amount
$4,971
Tax Year
2025
Sanyu LLC, (651) 334-4806

Market Report for 55404

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Northstar MLS
Northstar MLS logo

Based on information submitted to the MLS GRID as of 15 Aug 2026, 06:46 PM UTC. 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. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

NST496505685