3108 Elliot Avenue, Minneapolis, MN 55407

Minneapolis
Local realty services provided by:ERA Gillespie Real Estate
3108 Elliot Avenue,Minneapolis, MN 55407
$509,600
  • 9 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: melanie swensen, dave swensen
Office: edina realty, inc.
MLS#:7024111
Source:NSMLS

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Price summary

  • Price:$509,600

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:238 day(s) ago
  • Updated:November 05, 2026 at 04:43 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:3
  • Basement:Yes
  • Basement Description:Block, Storage Space

Heating and cooling

  • Heating:Baseboard, Boiler

Structure and exterior

  • Year built:1894
  • Levels:2+ Story

Utilities

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

Finances and disclosures

  • Price:$509,600
  • Tax amount:$6,926 (2025)

Parking

  • Parking description:Shared Driveway
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