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.
Active
Price cut: $10K (8/14)
$399,900
1518 Park Ave, Minneapolis, MN 55404
6beds
2baths
2,849sqft
Other
Built in 1900
-- sqft lot
$395,600 Zestimate®
$140/sqft
$-- HOA
What's special
- 60 days
- 353
- 21
Zillow last checked:
Listing updated:
Listed by:
Victor Lukandwa 651-334-4806,
Sanyu LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7107968
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
Heating
- Forced Air
Features
- Basement: Other,Partial
Interior area
- Total structure area: 2,850
- Total interior livable area: 2,849 sqft
- Finished area above ground: 2,401
- Finished area below ground: 448
Property
Parking
- Total spaces: 2
- Carport spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 3,484 Square Feet
- Dimensions: 26 x 128 x 26 x 128
Details
- Foundation area: 1358
- Parcel number: 2602924320061
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Other
Materials
- Roof: Age 8 Years or Less
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Power Company: Xcel Energy
- Gas: Electric, Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Elliot & Abbotts Add
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $140/sqft
- Tax assessed value: $328,300
- Annual tax amount: $4,971
- Date on market: 7/11/2026
- Tenant pays: Electricity, Fuel, Gas, Heat
Estimated market value
$395,600
$376,000 - $415,000
$2,014/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2026 | Price change | $399,900-2.4%$140/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7107968 Report a problem | ||
| 8/8/2026 | Price change | $409,900-1.2%$144/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7107968 Report a problem | ||
| 7/14/2026 | Listed for sale | $415,000+7.8%$146/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7107968 Report a problem | ||
| 6/7/2026 | Listing removed | $1,850$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/25/2026 | Listed for rent | $1,850-2.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/14/2026 | Listing removed | $1,900$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/7/2026 | Price change | $1,900-2.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/1/2026 | Listed for rent | $1,950$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/20/2026 | Listing removed | $1,950$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/26/2026 | Listed for rent | $1,950$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/1/2023 | Sold | $385,000+4.1%$135/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6339554 Report a problem | ||
| 3/27/2023 | Pending sale | $369,900$130/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6339554 Report a problem | ||
| 3/20/2023 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #6339554 Report a problem | ||
| 3/15/2023 | Listed for sale | $369,900-7.5%$130/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6339554 Report a problem | ||
| 11/1/2022 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #6188352 Report a problem | ||
| 6/30/2022 | Listed for sale | $400,000+9.9%$140/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6188352 Report a problem | ||
| 7/19/2021 | Sold | $364,000$128/sqft |
Source: Public Record Report a problem | ||
| 12/31/2020 | Sold | $364,000-5.5%$128/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5688203 Report a problem | ||
| 12/3/2020 | Pending sale | $385,000$135/sqft |
Source: Fox Realty #5688203 Report a problem | ||
| 9/18/2020 | Price change | $385,000-2.5%$135/sqft |
Source: Fox Realty #5636770 Report a problem | ||
| 9/11/2020 | Price change | $395,000-1.3%$139/sqft |
Source: Fox Realty #5636770 Report a problem | ||
| 8/7/2020 | Listed for sale | $400,000+90.5%$140/sqft |
Source: Fox Realty #5636770 Report a problem | ||
| 1/19/2015 | Sold | $210,000-6.7%$74/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #2202885 Report a problem | ||
| 11/17/2014 | Price change | $225,000-13.4%$79/sqft |
Source: CENTURY 21 Pastrana Realty, Inc. #4500850 Report a problem | ||
| 11/10/2014 | Price change | $259,900+8.3%$91/sqft |
Source: CENTURY 21 Pastrana Realty, Inc. #4500850 Report a problem | ||
| 10/20/2014 | Price change | $239,900-7.7%$84/sqft |
Source: CENTURY 21 Pastrana Realty, Inc. #4500850 Report a problem | ||
| 8/27/2014 | Listed for sale | $259,900+621.9%$91/sqft |
Source: Century 21 Pastrana #4500850 Report a problem | ||
| 5/25/2010 | Sold | $36,000-84.5%$13/sqft |
Source: Public Record Report a problem | ||
| 9/30/2009 | Sold | $232,387$82/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,971 +17.4% | $328,300 -5.7% |
| 2024 | $4,233 -15.7% | $348,000 +5.1% |
| 2023 | $5,023 +1.3% | $331,000 +6.1% |
| 2022 | $4,960 +3.5% | $312,000 +6.8% |
| 2021 | $4,792 +9.3% | $292,000 +5% |
| 2020 | $4,383 -8.5% | $278,000 +12.1% |
| 2019 | $4,792 +9.3% | $248,000 +5.1% |
| 2018 | $4,383 +10.4% | $236,000 +9.1% |
| 2017 | $3,970 -2.1% | $216,400 -17.8% |
| 2016 | $4,056 -20.3% | $263,300 +305.1% |
| 2015 | $5,091 +256.9% | $65,000 -58.5% |
| 2014 | $1,426 -58.5% | $156,500 |
| 2013 | $3,437 +2.8% | $156,500 |
| 2012 | $3,344 -7.7% | $156,500 -9.8% |
| 2011 | $3,625 +15% | $173,500 |
| 2010 | $3,153 -1.2% | $173,500 |
| 2009 | $3,190 +50.5% | $173,500 +48.2% |
| 2006 | $2,120 +15.7% | $117,100 +22.9% |
| 2005 | $1,833 +11.6% | $95,300 +20.8% |
| 2004 | $1,643 +12.3% | $78,900 +15.2% |
| 2002 | $1,463 -49% | $68,500 |
| 2001 | $2,869 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Elliot Park
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