3431 Elliot Avenue Minneapolis, MN $ 489,000
3431 Elliot Avenue
$ 489,000
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3431 Elliot Avenue

Minneapolis, MN, 55407
$ 489,000
Bedrooms6 Baths2.1 Sq 3,535

Monthly Estimate*

$ 3,377

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Multi-Family Home for sale in Minneapolis, MN

for $489,000 with 6 bedrooms and 2 full baths, 1 half bath. This 3,535 square foot home was built in 1907 on a lot size of 0.11.

A rare opportunity to own two separate homes on one lot in the heart of Minneapolis! Ideal for an owner-occupant seeking more privacy than a traditional duplex, the main home and second home are completely separate residences, creating an excellent setup for multigenerational living, rental income, or a home office. The main home features classic Minneapolis charm with beautiful newly refinished hardwood floors, four bedrooms, a finished basement, and thoughtful updates throughout. The kitchen includes partial marble countertops, while the bathroom features a Jacuzzi tub. Major improvements include new siding and a new roof (2025), drain tile and sump pump, and a radon mitigation system, providing added value and peace of mind. The second home is a charming 1½-story, two-bedroom residence with a newer furnace and water heater, offering excellent flexibility for rental income, guests, extended family, or a private workspace. Whether you're looking to offset your mortgage with rental income, invest, or create a flexible living arrangement, this unique property offers exceptional potential in a desirable Minneapolis location.

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Multi-Family Pending

Price

$ 489,000

Bedrooms

6

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 5,211

Style

Lot Size

0.11

Year Built

1907

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7106433

Features
General
Living Area 3535
Sewer City Sewer/Connected
Heating Boiler
Garage Spaces 0
Year Built 1907
Levels Two
Property Subtype Other
Tax Year 2025
Gross Income 0
Accessibility None
County Hennepin
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Subdivision Name Porterfields Add
Directions Take the Lake Street exit from I-35W head east then turn left on Elliot. The house will be on your right just north of 34th Street.
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
Number Of Units Total 2
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 5211
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 Finished
Basement (Y/N) Y
Above Grade Finished Area 3192
Total Bedrooms 6
Below Grade Finished Area 343
Total Baths 3
Fuel Natural Gas
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Exterior
Water Source City Water/Connected
Lot Size Area 0.11
Building Area Total 3535
Lot Dimensions 40 x 124
Waterfront Y/N N
Foundation Area 1163
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Internal Only
Street Number 1 3431
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* Excluded Features
List By
Pemberton Re

Broker

maddenkellyann@gmail.com

Email

Affordability Calculator

$3,812
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,377
Monthly Property Taxes
$434
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
9/9/2026$489,000 -2.00% Price Down
7/8/2026$499,000 Listed Price

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3431 Elliot Avenue, Minneapolis, MN, 55407 is a Multi-Family Home for sale at $489,000 with 3,535 sqft and a lot size of 0.11. 3431 Elliot Avenue has 6 bedrooms, 2.1 baths, and was built in 1907. The property's zip code is 55407 which is in Minneapolis, MN