Active with contingency

Price cut: $25K (5/5)

$525,000

3108 Elliot Ave, Minneapolis, MN 55407

9beds

3baths

3,052sqft

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Triplex

Built in 1894

-- sqft lot

$-- Zestimate^®

$172/sqft

$-- HOA

What's special

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.

120 days

233

7

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 3

Heating

Baseboard, Boiler

Appliances

Laundry: In Basement, Common Area

Features

Basement: Block,Storage Space

Interior area

Total structure area: 4,218
Total interior livable area: 3,052 sqft
Finished area above ground: 3,052
Finished area below ground: 0

Property

Parking

Parking features: Shared Driveway
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Levels: More Than 2 Stories

Lot

Size: 4,792 Square Feet
Dimensions: 40 x 123

Details

Foundation area: 1166
Parcel number: 0202824210099

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Condition

New construction: No
Year built: 1894

Utilities & green energy

Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: The Erastus Byers Add

Location

Region: Minneapolis

Financial & listing details

Price per square foot: $172/sqft
Tax assessed value: $478,100
Annual tax amount: $6,926
Date on market: 3/11/2026

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/5/2026	Price change	$525,000-4.5%$172/sqft
Source: NorthstarMLS as distributed by MLS GRID #7024111 Report a problem
3/25/2026	Price change	$550,000-4.3%$180/sqft
Source: NorthstarMLS as distributed by MLS GRID #7024111 Report a problem
3/17/2026	Listed for sale	$575,000+21.1%$188/sqft
Source: NorthstarMLS as distributed by MLS GRID #7024111 Report a problem
12/8/2021	Listing removed	--
Source: NorthstarMLS as distributed by MLS GRID #5736348 Report a problem
5/27/2021	Sold	$475,000+11.8%$156/sqft
Source: NorthstarMLS as distributed by MLS GRID #5736348 Report a problem
4/23/2021	Pending sale	$425,000$139/sqft
Source: NorthstarMLS as distributed by MLS GRID #5736348 Report a problem
4/16/2021	Listed for sale	$425,000+35.7%$139/sqft
Source: NorthstarMLS as distributed by MLS GRID #5736348 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
4/11/2016	Listing removed	$1,200+9.1%
Source: Owner Report a problem
6/13/2014	Listing removed	$1,100
Source: Owner Report a problem
5/6/2014	Listed for rent	$1,100-4.3%
Source: Owner Report a problem
8/30/2013	Listing removed	$1,150
Source: Stoelzing Properties LLC Report a problem
8/2/2013	Listed for rent	$1,150+7%
Source: Stoelzing Properties LLC Report a problem
6/19/2012	Listing removed	$1,075
Source: Stoelzing Properties LLC Report a problem
6/12/2012	Listed for rent	$1,075
Source: Stoelzing Properties LLC Report a problem
6/1/2004	Sold	$313,300+13.9%$103/sqft
Source: Public Record Report a problem
12/17/2002	Sold	$275,000+1.9%$90/sqft
Source: Public Record Report a problem
6/25/2001	Sold	$270,000+38.5%$88/sqft
Source: Public Record Report a problem
12/15/1997	Sold	$195,000+358.8%$64/sqft
Source: Public Record Report a problem
5/28/1997	Sold	$42,500$14/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,926 +12.9%	$478,100 +1.5%
2024	$6,136 +13.1%	$471,000
2023	$5,426 +21.6%	$471,000 +14%
2022	$4,464 -8.7%	$413,000 +25.5%
2021	$4,891 -3.8%	$329,000 +10%
2020	$5,085 +4%	$299,000 +4%
2019	$4,891 -3.8%	$287,500 +9.9%
2018	$5,085 +18.7%	$261,500 +19.4%
2017	$4,283 +4.4%	$219,000 +7.6%
2016	$4,104 +4.4%	$203,500 +15%
2015	$3,930 +9.7%	$177,000 +14.9%
2014	$3,583 +11.3%	$154,000 +4.8%
2013	$3,218 -12.6%	$147,000 -15%
2012	$3,683 -16.2%	$173,000 -20.1%
2011	$4,396 -2.7%	$216,500 -14.9%
2010	$4,516 -11%	$254,500 -10.1%
2009	$5,072 +14.4%	$283,000 +12.4%
2006	$4,435 +11.1%	$251,700 +15%
2005	$3,991 +6.2%	$218,900 +15%
2004	$3,756 +10.9%	$190,400 +12%
2002	$3,386 -52.7%	$170,000
2001	$7,153	--

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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