$ 399,900
-
$399,900
Price -
6
Bed -
2
Bath -
2,849
SqFt -
0.08
Acre
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About the Listing 25864 - 496505685
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.
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Forced Air,Electric,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2401
- Below Ground Sq Ft: 448
- Basement: Partial
- Other:
- Water: City Water/Connected
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 26x128x26x128
- Roof: Age 8 Years or Less
- Others:
- Sewer: City Sewer/Connected
Financial Details
- Tax Amount: $4,971
- Taxes w/Assessments: N/A
- Tax/Property ID: 2602924320061
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
1518 Park Ave Minneapolis, MN 55404
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