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$450,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 4,200 Sq. Ft.
  • 0.14 Acres
  • Updated 5 days ago
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5-unit multifamily asset in established South Minneapolis neighborhood offering stable cash flow and value-add upside. Property features brick construction and boiler-fed baseboard heating system. Ownership is open to flexible deal structure, including conventional financing or contract for deed. Unit 3/5 are currently month-to-month. Please do not disturb tenants.

Full Property Details for 2417 Elliot Ave

General

  • Price: $450,000
  • Taxes: $9,320 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7069867
  • Updated: 5/7/2026
  • Added to Site: 6 day(s) ago

Interior

  • Appliances: Range, Refrigerator

Rooms

Bathrooms

  • Total Bathrooms: 5

Bedrooms

  • Total Bedrooms: 6

Parking

  • Parking Features: Parking Lot, More Parking Offsite for Fee, Unassigned

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Melvilles Rgt Blks Brackett & Boveys
  • Neighborhood: 54
  • Driving Directions: Located on Elliot Ave S just south of E Franklin Ave in Minneapolis.

School Information

  • School District: 1 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Cooling Type: Wall Unit(s)
  • Heating Type: Baseboard, Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Hot Water Common

Structural Information

  • Basement: Yes
  • Foundation Size: 1200
  • Roof: Age 8 Years or Less, Composition
  • Disability Access: None
  • Square Feet: 4,200
  • Finished Down/Base.: 4,200 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1963

Unit Information

  • Units w/Refrigerators: 5

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Dimensions: 6, 098 SF / 0.14 AC
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $38,272
  • Tax Amount: $9,320
  • Tax Year: 2025
  • Terms: Contract for Deed, Conventional, Cash
  • Owner Pays: Common Area Maintenance, Exterior Maintenance, Gas, Insurance, Janitorial Service, Grounds Care, Pest Control, Repairs, Sewer, Snow Removal, Taxes, Water
  • Tenant Pays: Electricity
  • Pays Electric: Tenant Pays
  • Pays Gas: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 005 MELVILLES RGT BLKS BRACKETT & BOVEYS
  • Inclusions: Building, Land
  • Property ID: 3502924240151

Listed by AR Realty Group Inc.

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Listing agent

— 2417 Elliot Ave —

  • AR Realty Group Inc.

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with our affiliated lender
NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 2417 Elliot Ave

School District:Minneapolis Public School District
NameGradesDistance
Andersen Community
1098 Andersen Lane, Minneapolis, MN 55407
6-80.4 mi
Folwell Arts Magnet
3611 20th Avenue South, Minneapolis, MN 55407
PK-51.7 mi
South Senior High School
3131 19th Avenue South, Minneapolis, MN 55407
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2417 Elliot Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/07/2026
Listed
$450,000
114.29%
MLS
1/12/2012
Sold
$210,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2417 Elliot Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,320
19%
$511,000
5%
2023
$7,806
-1%
$488,000
—
2023
$7,857
—
$488,000
-10%
2023
$7,857
-14%
$542,500
5%
2020
$9,129
22%
$516,500
25%
2019
$7,497
21%
$413,000
22%
2018
$6,207
6%
$338,500
8%
2017
$5,867
-3%
$313,000
—
2016
$6,053
15%
$313,000
21%
2015
$5,256
—
$259,000
8%
2014
$5,241
-1%
$240,000
—
2013
$5,271
—
$240,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by AR Realty Group Inc.

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2417 Elliot Avenue, Minneapolis, MN 55404 (MLS# 7069867) is a Commercial property. 2417 Elliot Avenue is currently listed for $450,000 and was received on May 07, 2026. Want to learn more about 2417 Elliot Avenue? Do you have questions about finding other Commercial real estate for sale in Phillips? You can browse all Phillips real estate or contact a Coldwell Banker agent to request more information.

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