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Listed price in listed location currency (USD).
$415,000

620

MLS® 7107968

Overview

Key Facts

Type 
Levels Residential Income
Size 2849 sqft
Garage 
Taxes $4,971
Days Active 13
Lot Size 0.08 Acres
Approx. Age 1900
Avg. Price Per Sqft $145
MLS® Number 7107968

Property Address: 1518 Park Ave, Minneapolis, MN, 55404-1639

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number7107968
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementOther, Partial
Driveway
Garage Spaces
HeatForced Air
A/C

Extras

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