MLS: #7024111, Listed By: Melanie Swensen, Edina Realty, Inc., Source:FargoMoorhead Area Association of REALTORS
3108 Elliot Avenue
Minneapolis, MN 55407
9
Bed
3
Bath
3,052Sqft
4,792Sqft(Lot)
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, restaurant
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 9Bathroom Information
Total Baths: 3Room Information
Has Basement: Yes Basement: Storage Space, Block, Concrete -
Heating & Cooling
Has Heating: Yes Heating: Baseboard
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Building Information
Year Built: 1894 Building Area Total: 4218 Private Pool: No
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Lot Information
Lot Dimensions: 40x123 Main Square Feet: 4792 Square Feet Lot Size Acres: 0.11 Lot Size Square Feet: 4792Property Information
Subdivision: The Erastus Byers Add Source Property Type: Residential Income Property SubType: Triplex Property Age: 132
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Listing Price Information
Listing Price: $525000 Original Price: $575000 Assumable, Cash, Conventional, FHA, VA Loan
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Tax Information
Parcel Number: 0202824210099 Annual Tax: $6926
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Parking Information
Shared Driveway, Driveway
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Location Information
Direction: 35W Exit 15A 31st St east, take right on Chicago then quick left on 31st St then right on Elliot Ave. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3245 22nd Avenue, Minneapolis, MN, 55407 | $490,000 | 5 | 2 | 3,235 | 3,235 SqFt |
| 3832 20th Avenue, Minneapolis, MN, 55407 | $470,000 | 5 | 2 | 2,562 | 2,562 SqFt |
| 3208 19th Avenue, Minneapolis, MN, 55407 | $375,000 | 4 | 2 | 1,608 | 1,608 SqFt |
| 3241 Cedar Avenue, Minneapolis, MN, 55407 | $399,900 | 5 | 3 | 3,000 | 3,000 SqFt |
| 3847 Cedar Avenue, Minneapolis, MN, 55407 | $425,000 | 4 | 2 | 2,646 | 2,646 SqFt |
| 3504 Cedar Avenue, Minneapolis, MN, 55407 | $299,000 | 3 | 2 | 1,486 | 1,486 SqFt |
| 4417 Cedar Avenue, Minneapolis, MN, 55407 | $425,000 | 4 | 2 | 1,988 | 1,988 SqFt |
| 2930 18th Avenue, Minneapolis, MN, 55407 | $299,900 | 4 | 2 | 2,606 | 2,606 SqFt |
| 3117 17th Avenue, Minneapolis, MN, 55407 | $399,900 | 4 | 2 | 1,768 | 1,768 SqFt |
| 2740 16th Avenue, Minneapolis, MN, 55407 | $424,900 | 8 | 2 | 2,817 | 2,817 SqFt |
Similar Multifamily To 3108 Elliot Avenue
Nearby For Sale
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.
ByOwner last updated this listing 06/10/2026 @ 11:25
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