3108 Elliot Avenue Minneapolis, MN $ 525,000
3108 Elliot Avenue
$ 525,000
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3108 Elliot Avenue

Minneapolis, MN, 55407
$ 525,000
Bedrooms9 Baths3.0 Sq 3,052

Monthly Estimate*

$ 3,626

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Multi-Family Home for sale in Minneapolis, MN

for $525,000 with 9 bedrooms and 3 full baths. This 3,052 square foot home was built in 1894 on a lot size of 0.110009.

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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Multi-Family Pending

Price

$ 525,000

Bedrooms

9

Full Bath

3

Property Type

Multi-Family

Taxes

$ 6,926

Style

Triplex

Lot Size

0.110009

Year Built

1894

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7024111

Features
General
Living Area 3052
Sewer City Sewer/Connected
Heating Baseboard Boiler
Garage Spaces 0
Year Built 1894
Levels More Than 2 Stories
Property Subtype Triplex
Tax Year 2025
Gross Income 52000
Accessibility None
County Hennepin
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Subdivision Name The Erastus Byers Add
Directions 35W Exit 15A 31st St east take right on Chicago then quick left on 31st St then right on Elliot Ave.
City Minneapolis
High School District Minneapolis
Number Of Units Total 3
Lot Size Units Square Feet
Land Lease Y/N N
Tax Annual Amount 6926
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Pending
Lender Owned No
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Interior
Basement Block Storage Space
Basement (Y/N) Y
Above Grade Finished Area 3052
Laundry Features In Basement Common Area
Total Bedrooms 9
Below Grade Finished Area 0
Total Baths 3
Fuel Natural Gas
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Exterior
Parking Features Shared Driveway
Water Source City Water/Connected
Lot Size Area 4792
Building Area Total 4218
Lot Dimensions 40x123
Waterfront Y/N N
Foundation Area 1166
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Internal Only
Street Number 1 3108
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* Excluded Features
List By
Edina Realty, Inc.

Broker

MelanieSwensen@EdinaRealty.com

Email

Affordability Calculator

$4,203
Per Month
86%
14%
0%
Monthly Principal & Interest
$3,626
Monthly Property Taxes
$577
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/5/2026$525,000 -4.55% Price Down
3/25/2026$550,000 -4.35% Price Down
3/11/2026$575,000 Listed Price

Map


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3108 Elliot Avenue, Minneapolis, MN, 55407 is a Multi-Family Home for sale at $525,000 with 3,052 sqft and a lot size of 0.110009. 3108 Elliot Avenue has 9 bedrooms, 3.0 baths, and was built in 1894. The property's zip code is 55407 which is in Minneapolis, MN