3108 Elliot Avenue Minneapolis, MN 55407
Active Contingent MLS# 7024111
9 beds 3 baths 3,052 sq ft Multi-family
Listed by: Edina Realty, Inc.
Details for 3108 Elliot Avenue
MLS# 7024111
Description for 3108 Elliot Avenue, Minneapolis, MN, 55407
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.
Listing Information
Property Type: Multi-family, Triplex
Status: Active Contingent-Subject to Financing
Bedrooms: 9
Bathrooms: 3
Lot Size: 0.11 Acres
Square Feet: 3,052 sq ft
Year Built: 1894
Foundation: 1,166 sq ft
Stories: More Than 2 Stories
Subdivision: The Erastus Byers Add
Number Of Units Total: 3
County: Hennepin
Days On Market: 80
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Additonal Room Information
Laundry: In Basement, Common Area
Interior Features
Square Footage above: 3,052 sq ft
Basement: Concrete Block, Storage Space
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Natural Gas, Baseboard, Boiler
Exterior / Lot Features
Parking Description: Driveway - Shared
Exterior: Stucco
Lot Dimensions: 40x123
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 1620
Unit 1 Baths Total: 1
Unit 1 Beds Total: 3
Unit 1 Rooms Total: 7
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1395
Unit 2 Baths Total: 1
Unit 2 Beds Total: 3
Unit 2 Rooms Total: 7
Unit 3 Units Total: 1
Unit 3 Actual Rent: 1320
Unit 3 Baths Total: 1
Unit 3 Beds Total: 3
Unit 3 Rooms Total: 7
Driving Directions
35W Exit 15A 31st St east, take right on Chicago then quick left on 31st St then right on Elliot Ave.
Financial Considerations
Gross Income: 52000
Tax/Property ID: 0202824210099
Tax Amount: 6926
Tax Year: 2025
HomeStead Description: Homesteaded
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. 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. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 3108 Elliot Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 3108 Elliot Avenue
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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