3108 Elliot Avenue, Minneapolis, MN 55407

Minneapolis
Local realty services provided by:ERA Gillespie Real Estate
3108 Elliot Avenue,Minneapolis, MN 55407
$525,000
  • 9 Beds
  • 3 Baths
  • 3,052 sq. ft.
  • Multi-family
  • Active
Listed by: melanie swensen, dave swensen
Office: edina realty, inc.
MLS#:7024111
Source:NSMLS

Price summary

  • Price:$525,000
  • Price per sq. ft.:$124.47

About this home

Rare opportunity to acquire a tri-plex with below-market financing! 2.5% ASSUMABLE LOAN – SAVE $700-$800/MO/$9000 ANNUALLY vs today’s rates. Buyer can assume approx. $432K at 2.5% creating a dramatically lower monthly payment than current market financing. Additional income from coin-operated laundry. Major capital improvements including NEW ROOF (2025), new sewer line (2024), updated electrical, boiler and chimney brought up to code. Fully rented triplex with separate gas and electric, hardwood floors, abundant natural light, basement storage, on-site laundry, PRIVATE OFF-STREET PARKING, and a backyard space. Located 2 blocks from 66-acre Powderhorn Park (with central lake, recreational facilities and trails) and 3 miles from downtown Mpls, offers walkability to local cafes, restaurants, and shops which supports consistent tenant demand. Showings require 24 hour notice.

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Home facts

  • Year built:1894
  • Subdivision & Development:The Erastus Byers Add
  • Listing ID #:7024111
  • Added:142 day(s) ago
  • Updated:August 01, 2026 at 12:10 PM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:3
  • Basement:Yes
  • Basement Description:Block, Storage Space
  • Living area:3,052 sq. ft.

Heating and cooling

  • Heating:Baseboard, Boiler

Structure and exterior

  • Year built:1894
  • Building area:3,052 sq. ft.
  • Lot area:4792 Acres
  • Levels:2+ Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$525,000
  • Price per sq. ft.:$124.47
  • Tax amount:$6,926 (2025)

Parking

  • Parking description:Shared Driveway
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