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.
Features of 3108 Elliot Avenue
| MLS® # | 7024111 |
|---|---|
| Price | $525,000 |
| Bedrooms | 9 |
| Bathrooms | 3.00 |
| Square Footage | 3,052 |
| Acres | 4,792.00 |
| Year Built | 1894 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Community Information
| Address | 3108 Elliot Avenue |
|---|---|
| Area | 64 |
| Subdivision | The Erastus Byers Add |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55407 |
Amenities
| Parking | Shared Driveway |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard, Boiler |
|---|---|
| Fireplace | No |
Exterior
| Exterior Features | Stucco |
|---|
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 157 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $6,926 |
| Tax Year | 2025 |
Listing Details
| Office | Edina Realty, Inc. |
|---|
Listing Map
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