1518 Park Avenue, Minneapolis, MN 55404
New Listing
$415,000
Property Type:
Multi-Family
Bedrooms:
6
Baths:
2
Square Footage:
2,850
Lot Size (sq. ft.):
3,485
Status:
Active
Current Price:
$415,000
List Date:
7/14/2026
Last Modified:
7/14/2026
Overview
Description
Listing Details MLS# 7107968
General Property Information
- # Carport Spaces
- 2
- Lot Measurement
- Acres
- Multiple PIDs?
- No
- Waterfront YN
- No
- Year Built
- 1900
- Yearly/Seasonal
- Yearly
- Main Floor Total SqFt
- 1358
- Above Ground SqFt
- 2401
- Below Grd Total SqFt
- 449
- Total SqFt
- 2850
- Foundation Size
- 1358
- Style
- (MF) Other
- Total Finished Sqft
- 2849.00
- Power Company
- Xcel Energy
- Lot Dimensions
- 26x128x26x128
- Acres
- 0.08
- Assessment Pending
- No
- Garage Stalls
- 0
Property Features
Accessible:
None
Basement:
Partial; Other
Construction Status:
Previously Owned
Exterior:
Wood
Foundation:
Slab
Fuel:
Electric; Natural Gas
Heating:
Forced Air
Owner Pays:
Insurance; Maintenance/Repair; Sewer; Taxes; Trash Collection; Water
Rental License Type:
Standard
Roof:
Age 8 Years or Less
Sewer:
City Sewer/Connected
Stories:
Two
Tenant Pays:
Electricity; Fuel; Gas; Heat
Unit 1 Amenities:
Countertops-Solid Surface
Unit 1 Appliances:
Dishwasher; Dryer; Range; Refrigerator; Washer
Unit 1 Cooling:
Central
Unit 2 Amenities:
Porch
Unit 2 Appliances:
Dryer; Range; Refrigerator; Washer
Unit 2 Cooling:
Central
Water:
City Water/Connected
Contract Information
- Contingency
- None
- Original List Price
- 415000
- ListPrice
- 415000
- Owner is an Agent?
- No
- Auction?
- No
Location Tax and Other Information
- House Number
- 1518
- Street Name
- Park
- Street Suffix
- Avenue
- Postal City
- Minneapolis
- County
- Hennepin
- State
- MN
- Zip Code
- 55404
- Complex/Dev/Subdivision
- Elliot & Abbotts Add
Assessments
- Tax With Assessments
- 4971
- Assessment Balance
- 0
Building Information
- Finished SqFt Above Ground
- 2401
- Finished SqFt Below Ground
- 448
More Information
Income and Expenses
- Annual Gross Expenses
- 2400
- Annual Gross Income
- 49200
- Annual Insurance Expense
- 2195
- Annual Maintenance Expense
- 2400
- Annual Net Income
- 44105
- Annual Repair Expense
- 500
- Annual Trash Expense
- 1000
- Annual Water/Sewer Expense
- 1100
- Total Annual Expenses
- 2400
- Annual Caretaker Expense
- 0
- Annual Electric Expense
- 0
- Annual Fuel Expense
- 0
- Misc Monthly Income
- 0
- Misc. Annual Income
- 0
Lease Details
- Land Leased
- Not Applicable
Miscellaneous Information
- DP Resource
- Yes
- Homestead
- Yes
Ownership
- Fractional Ownership
- No
Public Survey Info
- Range#
- 24
- Section#
- 26
- Township#
- 29
Unit 1
- Furnished?
- No
- Leased?
- No
- Level
- Multi-Level
- Unit Number
- Yes
- Annual Rent
- 24000
- Finished SqFt
- 1200
- Full Baths
- Yes
- Monthly Expense
- 187
- Monthly Rent
- 2000
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- 3
- Total Rooms
- 6
Unit 2
- Furnished?
- No
- Leased?
- No
- Level
- Multi-Level
- Unit Number
- 2
- Annual Rent
- 25200
- Finished SqFt
- 1200
- Full Baths
- Yes
- Monthly Expense
- 187
- Monthly Rent
- 2100
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- 3
- Total Rooms
- 6
Unit Details
- Total Units
- 2
Office/Member Info
- Association
- MAAR
Location, Tax and Other Information
- Legal Description
- LOT 004 ELLIOT & ABBOTTS ADDN TO MPLS S 1/2
- Listing City
- Minneapolis
- Map Page
- 106
- Municipality
- Minneapolis
- School District
- Minneapolis
- School District Phone
- 612-668-0000
- Zip Plus 4
- 1639
- Property ID Number
- 2602924320061
- Tax Year
- 2025
- Tax Amount
- 4971
- In Foreclosure?
- No
- Potential Short Sale?
- No
- Lender Owned?
- No
Directions & Remarks
- Public Remarks
- 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.
- Directions
- 35W North to E Grant Street, to E 16th St, West to Park Ave, North to 1518 Park Ave
Accessible
- None
- Yes
Basement
- Partial
- Yes
- Other
- Yes
Construction Status
- Previously Owned
- Yes
Exterior
- Wood
- Yes
Foundation
- Slab
- Yes
Fuel
- Electric
- Yes
- Natural Gas
- Yes
Heating
- Forced Air
- Yes
Owner Pays
- Insurance
- Yes
- Maintenance/Repair
- Yes
- Sewer
- Yes
- Taxes
- Yes
- Trash Collection
- Yes
- Water
- Yes
Rental License Type
- Standard
- Yes
Roof
- Age 8 Years or Less
- Yes
Sewer
- City Sewer/Connected
- Yes
Stories
- Two
- Yes
Water
- City Water/Connected
- Yes
Tenant Pays
- Electricity
- Yes
- Fuel
- Yes
- Gas
- Yes
- Heat
- Yes
Unit 1 Amenities
- Countertops-Solid Surface
- Yes
Unit 1 Appliances
- Dishwasher
- Yes
- Dryer
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Washer
- Yes
Unit 1 Cooling
- Central
- Yes
Unit 2 Amenities
- Porch
- Yes
Unit 2 Appliances
- Dryer
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Washer
- Yes
Unit 2 Cooling
- Central
- Yes
Listing Office:
Sanyu LLC
Last Updated: July - 14 - 2026
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