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3108 Elliot Avenue, Minneapolis, MN

$525,000

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9

Beds

3

Baths

3,052

Square feet

4792.00

Acres

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 127
Foreclosure No
Short Sale No

Listing Details

OfficeEdina Realty, Inc.

Listing Map

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