For Sale
Multi family home for sale at 1518 Park Ave, Minneapolis, MN 55404 | MLS# 7107968 | Listing updated on 2026-09-17
Photo 1 of Multi family home for sale at 1518 Park Ave, Minneapolis, MN 55404 | MLS# 7107968 | Listing updated on 2026-09-17
Photo 2 of Multi family home for sale at 1518 Park Ave, Minneapolis, MN 55404 | MLS# 7107968 | Listing updated on 2026-09-17
Photo 3 of Multi family home for sale at 1518 Park Ave, Minneapolis, MN 55404 | MLS# 7107968 | Listing updated on 2026-09-17
Photo 4 of Multi family home for sale at 1518 Park Ave, Minneapolis, MN 55404 | MLS# 7107968 | Listing updated on 2026-09-17
22+
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$399,900

Monthly Est:$1,990

  • Beds Icon6 Beds
  • Beds Icon
    2 Baths
  • Beds Icon2,849sqft

1518 Park Ave, Minneapolis, MN 55404

$1,990/moEst:

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  • Multi Family

  • Built in 1900

  • $-- HOA

  • 0.08 acre lot

  • $140/sq.ft

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....

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  • Houzeo last checked: 3 minutes ago
  • Listing updated: September 17, 2026 at 4:45 pm
  • Listing Provided by: Victor Lukandwa (651) 334-4806 | Sanyu LLC (651) 334-4806
  • Source: Northstar MLS-MN | MLS#: 7107968 Northstar MLS-MN

Part of

Building
1518 Park Ave
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Property Details

  • Status

    Active

  • Type

    Multi Family

  • No. of Stories

    -

  • County

    Hennepin County

  • City

    Minneapolis

  • Neighborhood

    Elliot Park

  • Year Built

    1900

  • HOA Fees

    -

  • Finished Area

    2,849 sqft

  • Lot Size

    0.08 acre lot

  • Basement Area

    - sqft

  • MLS Name

    Northstar MLS

  • MLS Number

    7107968

  • Days on Market

    67

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Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 6

    Bathrooms: 2

Interior

  • Exterior Features

    Wood

  • Sewer

    City Sewer/connected

  • Heating

    Forced Air

Construction

  • Year Built

    Year Built: 1900

  • Home type

    Multi Family

  • Foundation Details

    Slab

  • Roof

    Age 8 Years Or Less

Utilities & Energy

  • Basement

    Other, Partial

  • Water Source

    City Water/connected

Other Features

  • Subdivision Name

    Elliot & Abbotts Add

  • Tenant Pays

    Electricity, Fuel, Gas, Heat

Price History

DateEventPrice

09/17/2026

Source: mls_logoNorthstar MLS-MN #NST7107968

Listed for Sale

$399,900 +3.87%

$140/sqft

05/02/2024

Source: mls_logoNorthstar MLS-MN #NST6339554

Sold

$385,000 -3.75%

$135/sqft

10/31/2023

Source: mls_logoNorthstar MLS-MN #NST6188352

Price Increased

$400,000 +3.90%

$140/sqft

01/06/2023

Source: mls_logoNorthstar MLS-MN #NST5636770

Listing Removed

$385,000 +5.77%

$135/sqft

05/19/2022

Source: mls_logoNorthstar MLS-MN #NST5688203

Price Increased

$364,000 +911.11%

$128/sqft

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Based on information submitted to the MLS GRID from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC through Sep 20, 2026, 04:16AM. IDX information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Information deemed reliable but not guaranteed. The property data presented reflects information otherwise available from public records. The real estate broker participating in MLS and providing this information may not have represented the buyer or seller in some or all of the transactions. Listings courtesy of Northstar MLS as distributed by MLS GRID. © 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.

Advertising Broker: Moe Mossa (Savvy Avenue) | Savvy Avenue, LLC

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