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1518 Park Avenue Minneapolis, MN $ 389,900
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$ 389,900 Get more info
1518 Park Avenue
$ 389,900
Back to search
Share Save

1518 Park Avenue

Minneapolis, MN, 55404
$ 389,900
Bedrooms6 Baths2.0 Sq 2,849

Monthly Estimate*

$ 2,693

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Multi-Family Home for sale in Minneapolis, MN

for $389,900 with 6 bedrooms and 2 full baths. This 2,849 square foot home was built in 1900 on a lot size of 0.08.

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.

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Multi-Family Active

Price

$ 389,900

Bedrooms

6

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,971

Style

Lot Size

0.08

Year Built

1900

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7107968
Features
General
Living Area 2849
Sewer City Sewer/Connected
Heating Forced Air
Roof Age 8 Years or Less
Garage Spaces 0
Year Built 1900
Tenant Pays Electricity Fuel Gas Heat
Levels Two
Property Subtype Other
Tax Year 2025
Gross Income 49200
Accessibility None
County Hennepin
Net Operating Income 44105
Operating Expense 2400
Insurance Expense 2195
New Construction N
Property Type Residential Income
Contingency None
MaintenanceExpense 2400
Subdivision Name Elliot & Abbotts Add
Directions 35W North to E Grant Street to E 16th St West to Park Ave North to 1518 Park Ave
City Minneapolis
High School District Minneapolis
Number Of Units Total 2
Lot Size Units Acres
Carport Spaces 2
Land Lease Y/N N
Tax Annual Amount 4971
Electric Expense 0
Fuel Expense 0
Trash Expense 1000
Water Sewer Expense 1100
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Other Partial
Basement (Y/N) Y
Above Grade Finished Area 2401
Total Bedrooms 6
Below Grade Finished Area 448
Total Baths 2
Fuel Electric Natural Gas
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Exterior
Water Source City Water/Connected
Lot Size Area 0.08
Building Area Total 2850
Lot Dimensions 26x128x26x128
Waterfront Y/N N
Foundation Area 1358
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Internal Only
Street Number 1 1518
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* Excluded Features
List By
Sanyu Llc

Broker

vlukandwa@gmail.com

Email

Affordability Calculator

$3,107
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,693
Monthly Property Taxes
$414
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/26/2026$389,900 -2.50% Price Down
8/14/2026$399,900 -2.44% Price Down
8/8/2026$409,900 -1.23% Price Down
7/11/2026$415,000 Listed Price

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1518 Park Avenue, Minneapolis, MN, 55404 is a Multi-Family Home for sale at $389,900 with 2,849 sqft and a lot size of 0.08. 1518 Park Avenue has 6 bedrooms, 2.0 baths, and was built in 1900. The property's zip code is 55404 which is in Minneapolis, MN

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