Minneapolis, MN 55407 3108 Elliot Avenue

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Presented By: Edina Realty, Inc.
  • MLS# 7024111
  • 03/11/2026
  • Request Tour
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  • Beds • 9
  • Baths • 3
  • SQFT • 3,052

Home Details

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.
Presented By: Edina Realty, Inc.

Interior Features for 3108 Elliot Avenue

Bedrooms

Total Bedrooms9

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area3052
BasementBlock, Storage Space
Basement (Y/N)Yes
Below Grade Finished Area
FuelNatural Gas
Laundry FeaturesIn Basement, Common Area

General for 3108 Elliot Avenue

AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
ContingencyNone
CountyHennepin
Directions35W Exit 15A 31st St east, take right on Chicago then quick left on 31st St then right on Elliot Ave.
Electric Expense
Fuel Expense
Garage Spaces
Gross Income52000
HeatingBaseboard, Boiler
High School DistrictMinneapolis
Insurance Expense
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Living Area3052
Lot Size UnitsSquare Feet
MaintenanceExpense0
Net Operating Income0
New ConstructionNo
Number Of Units Total3
Operating Expense0
PostalCityMinneapolis
Property SubtypeTriplex
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameThe Erastus Byers Add
Tax Annual Amount6926
Tax Year2025
Trash Expense0
Water Sewer Expense0
Year Built1894

Exterior for 3108 Elliot Avenue

Building Area Total4218
Foundation Area1166
Lot Dimensions40x123
Lot Size Area4792
Parking FeaturesShared Driveway
Water SourceCity Water/Connected

Additional Details

Price History

John Wichmann

Agent
Price $550,000
MLS#7024111
List Date 03/11/2026
Property Type Multi-Family
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