1518 Park Ave

Minneapolis MN 55404

2850 sq. ft.

0.08 ac.

Other

Currently for sale - view listing

Overview

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.

Features

6 bedrooms

2 bathrooms

2 carspaces

2 carport spaces

2850 sq. ft. floor area

0.08 ac. lot size

Other

Property history for 1518 Park Ave

2023

Sold

$385,000

01 May 2023 by Jason Huerkamp, of Keller Williams Preferred Rlty

2020

Sold

$364,000

31 Dec 2020 by Matt Boys, of FOX REALTY

2015

Sold

$210,000

19 Jan 2015 by Kimm Pastrana, of Good Move Realty

Happy sellers in Minneapolis

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