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.
Active
$499,000
3431 Elliot Ave, Minneapolis, MN 55407
6beds
3baths
3,535sqft
Other
Built in 1907
-- sqft lot
$494,600 Zestimate®
$141/sqft
$-- HOA
What's special
New sidingFour bedroomsFinished basementNew roofThoughtful updates throughout
- 1 day |
- 269 |
- 20 |
Zillow last checked:
Listing updated:
Listed by:
Kelly A Madden 651-271-6078,
Pemberton RE
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7106433
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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: $141/sqft
- Tax assessed value: $372,900
- Annual tax amount: $5,211
- Date on market: 7/8/2026
Estimated market value
$494,600
$470,000 - $519,000
$1,688/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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 |
|---|---|---|
| 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 | $2,985 | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Powderhorn Park
Nearby schools
GreatSchools rating
- 6/10Bancroft Elementary SchoolGrades: PK-5Distance: 0.6 mi
- NAAndersen CommunityGrades: PK-8Distance: 0.9 mi
- 6/10South Senior High SchoolGrades: 9-12Distance: 0.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Minnesota
- Hennepin County
- Minneapolis
- 55407
- Powderhorn Park
- 3431 Elliot Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Minneapolis Topics
