3108 Elliot Avenue, Minneapolis, MN 55407
- $525,000
- 9
- BD
- 3
- BA
- 3,052
- SqFt
- List Price
- $525,000
- Price Change
- ▼ $25,000 1778030313
- MLS#
- 7024111
- Status
- SUBJECT TO FINANCING
- Type
- Multifamily
- Style
- (MF) Triplex
- Bedrooms
- 9
- Bathrooms
- 3
- Living Area
- 3,052
- Acres
- 4792
- Subdivision
- The Erastus Byers Add
- Neighborhood
- 64
- Year Built
- 1894
Property Description
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.
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Additional Information
- School District
- Minneapolis
- Tax Year
- 2025
- Fuel
- Natural Gas
- Sewer
- City Sewer/Connected
- Heating
- Baseboard, Boiler
- Water
- City Water/Connected
- Basement
- Block, Storage Space
- Parking
- Shared Driveway
Mortgage Calculator
Listing courtesy of Edina Realty, Inc..
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