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$399,900
Est. payment /mo
6 Beds
2 Baths
2,849 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,849 sqft
Price per Sqft $140
Subdivision Elliot & Abbotts Add
MLS Listing ID 7107968
Bedrooms 6
Year Built 1900
Annual Tax Amount $4,971
Tax Year 2025
Contingent None
Lot Size 3,484 Sqft
Lot Dimensions 26x128x26x128
Property Sub-Type Other
Property 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.
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.
Location
State MN
County Hennepin
Rooms
Basement Other, Partial
Interior
Heating Forced Air
Fireplace No
Exterior
Roof Type Age 8 Years or Less
Building
Story Two
Foundation 1358
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Minneapolis
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Listed by Victor Lukandwa • Sanyu LLC
NEARBY SCHOOL & BUSINESS
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