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.
Active with contingency
$525,000
3108 Elliot Ave, Minneapolis, MN 55407
9beds
3baths
3,052sqft
Triplex
Built in 1894
-- sqft lot
$-- Zestimate®
$172/sqft
$-- HOA
What's special
- 165 days |
- 210 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Melanie Swensen 651-788-3764,
Edina Realty, Inc.,
Dave Swensen 612-419-4283
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7024111
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
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
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Powderhorn Park
Nearby schools
GreatSchools rating
- NAAndersen CommunityGrades: PK-8Distance: 0.5 mi
- 6/10South Senior High SchoolGrades: 9-12Distance: 0.9 mi
- 6/10Bancroft Elementary SchoolGrades: PK-5Distance: 0.9 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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