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Jean Menge
REALTOR®
(763) 360-4545

1518 Park Avenue, Minneapolis, MN 55404

New

26 Total Photos [Click to View All]

Listed By

Agency Name: Sanyu LLC
Agency Phone: 651-334-4806

Shown By

Agent Name: Jean Menge
Agent Phone: (763) 360-4545
Agency Title: Counselor Realty

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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.

1518 Park Avenue | MLS# 7107968

This multi-family property located at 1518 Park Avenue, Minneapolis, MN 55404 is currently listed for sale with an asking price of $415,000. Park Avenue is located within the Minneapolis school district. Search Minneapolis real estate on jmenge.counselorrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Other, Partial
Heating: Forced Air
Lot Size: 0.08 Acres
Roof Type: Age 8 Years or Less
Taxes: $4,971
Year Built: 1900

Feature Descriptions

Days on Site: 3
Foundation Size: 1358
Lot Dimensions: 26x128x26x128
Owners Expense: Insurance, Repairs, Sewer, Taxes, Trash Collection, Water
Parcel#: 2602924320061
Sewer: City Sewer/Connected
Tenant Expenses: Electricity, Fuel, Gas, Heat
Units: 2
Water: City Water/Connected

Local Schools

School District: Minneapolis

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Estimated Payment

$ 2,744.10 per month $2,208.80 Principal & Interest $414.25 Property Tax $121.04 Homeowner's Insurance

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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/15/2026. The listing information on this page last changed on 07/15/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 07/15/2026 12:00:04 AM EST) or RMLS-MN MLS (last updated Tue 07/14/2026 11:53:25 PM EST). Real estate listings held by brokerage firms other than Counselor Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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