Pending Triplex MLS# 7024111

3108 Elliot Avenue

Minneapolis, MN 55407

$525,000

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About 3108 Elliot Avenue

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.

Property details

Property

Type
Triplex
MLS type
Triplex
Status
Pending
Year built
1894
Stories
More Than 2 Stories
Living area
3,052 sqft
Price / sqft
$172
Lot
0.11
Original price
$575,000
MLS #
7024111

Interior

Features
Baseboard, Boiler, In Basement, Common Area, Block, Storage Space
Heating
Baseboard, Boiler
Laundry
In Basement, Common Area

Exterior & lot

Features
Stucco, Shared Driveway
Construction
More Than 2 Stories, Stone
Foundation
Stone
Lot
0202824210099
Parking
Shared Driveway

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$6,926
Tax year
2025
Parcel
0202824210099

Location

Subdivision
The Erastus Byers Add
County
Hennepin
Neighborhood
Powderhorn Park
Community
Hennepin, northstar, Minneapolis
Directions
35W Exit 15A 31st St east, take right on Chicago then quick left on 31st St then right on Elliot Ave.

Location

Neighborhood
Powderhorn Park
Subdivision
The Erastus Byers Add
School district
Minneapolis Public School District

Ask about this property

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Listed by Melanie Swensen, Edina Realty, Inc.

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.