A rare opportunity to own two separate homes on one lot in the heart of Minneapolis! Ideal for an owner-occupant seeking more privacy than a traditional duplex, the main home and second home are completely separate residences, creating an excellent setup for multigenerational living, rental income, or a home office.
The main home features classic Minneapolis charm with beautiful newly refinished hardwood floors, four bedrooms, a finished basement, and thoughtful updates throughout. The kitchen includes partial marble countertops, while the bathroom features a Jacuzzi tub. Major improvements include new siding and a new roof (2025), drain tile and sump pump, and a radon mitigation system, providing added value and peace of mind.
The second home is a charming 1½-story, two-bedroom residence with a newer furnace and water heater, offering excellent flexibility for rental income, guests, extended family, or a private workspace.
Whether you're looking to offset your mortgage with rental income, invest, or create a flexible living arrangement, this unique property offers exceptional potential in a desirable Minneapolis location.
Pending
Price cut: $10K (9/9)
$489,000
3431 Elliot Ave, Minneapolis, MN 55407
6beds
3baths
3,535sqft
Other
Built in 1907
-- sqft lot
$474,500 Zestimate®
$138/sqft
$-- HOA
What's special
New sidingFour bedroomsFinished basementNew roofThoughtful updates throughout
- 103 days
- 376
- 15
Zillow last checked:
Listing updated:
Listed by:
Kelly A Madden 651-271-6078,
Pemberton RE
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7106433
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Boiler
Features
- Basement: Finished
Interior area
- Total structure area: 3,535
- Total interior livable area: 3,535 sqft
- Finished area above ground: 3,192
- Finished area below ground: 343
Property
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 4,791 Square Feet
- Dimensions: 40 x 124
Details
- Foundation area: 1163
- Parcel number: 0202824310174
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Other
Condition
- New construction: No
- Year built: 1907
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Porterfields Add
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $138/sqft
- Tax assessed value: $370,400
- Annual tax amount: $5,211
- Date on market: 7/8/2026
- Cumulative days on market: 104 days
Estimated market value
$474,500
$451,000 - $498,000
$2,180/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/29/2026 | Pending sale | $489,000$138/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7106433 Report a problem | ||
| 9/9/2026 | Price change | $489,000-2%$138/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7106433 Report a problem | ||
| 7/8/2026 | Listed for sale | $499,000+40.6%$141/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7106433 Report a problem | ||
| 2/28/2022 | Sold | $355,000$100/sqft |
Source: Public Record Report a problem | ||
| 12/1/2021 | Sold | $355,000+1.4%$100/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6097355 Report a problem | ||
| 10/3/2021 | Pending sale | $350,000$99/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6097355 Report a problem | ||
| 9/24/2021 | Listed for sale | $350,000+70.7%$99/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6097355 Report a problem | ||
| 11/8/2001 | Sold | $205,000$58/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $5,569 +6.9% | $370,400 -0.7% |
| 2025 | $5,211 +7.9% | $372,900 +2.4% |
| 2024 | $4,830 +4% | $364,000 -2.7% |
| 2023 | $4,645 -15.4% | $374,000 +4.5% |
| 2022 | $5,490 +9.6% | $358,000 |
| 2021 | $5,009 +5.6% | $358,000 -5% |
| 2020 | $4,745 -5.3% | $377,000 +13% |
| 2019 | $5,009 +5.6% | $333,500 +10.1% |
| 2018 | $4,745 +25.5% | $303,000 +23.9% |
| 2017 | $3,781 +6.2% | $244,500 +3.6% |
| 2016 | $3,560 +0.9% | $236,000 +10% |
| 2015 | $3,529 +6.4% | $214,500 +8.6% |
| 2014 | $3,316 +8.6% | $197,500 +5.1% |
| 2013 | $3,054 +2.6% | $188,000 |
| 2012 | $2,977 -8.5% | $188,000 -5.1% |
| 2011 | $3,253 +8.4% | $198,000 -5% |
| 2010 | $3,002 -7.5% | $208,500 -9.9% |
| 2009 | $3,246 +15.2% | $231,500 +9% |
| 2006 | $2,818 +15.7% | $212,400 +19.2% |
| 2005 | $2,435 +10.4% | $178,200 +16% |
| 2004 | $2,206 +47.9% | $153,600 +40.3% |
| 2002 | $1,492 -50% | $109,500 |
| 2001 | $2,985 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Powderhorn Park
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