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$550,000

  • For Sale
  • Active
  • Triplex
  • 9 Beds
  • 3 Total Baths
  • 3,052 Sq. Ft.
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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.

Full Property Details for 3108 Elliot Ave

General

  • Price: $550,000
  • Taxes: $6,926 (2025)
  • Status: Active
  • Type: Triplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7024111
  • Updated: 3/26/2026
  • Added to Site: 34 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 9

Other Rooms

  • Laundry: In Basement, Common Area, In Basement, Common Area

Parking

  • Parking Features: Shared Driveway

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: The Erastus Byers Add
  • Neighborhood: 64
  • Driving Directions: 35W Exit 15A 31st St east, take right on Chicago then quick left on 31st St then right on Elliot Ave.

School Information

  • School District: 558 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Baseboard, Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Basement Desc.: Block, Storage Space
  • Foundation Size: 1166
  • Disability Access: None
  • Square Feet: 3,052
  • Above Ground: 3,052 Sq. Ft.
  • Below Ground: 1,166 Sq. Ft.
  • Finished Down/Base.: 4,218 Sq. Ft.
  • Year Built: 1894

Lot Features

  • Lot Size (Acres): 4,792
  • Lot Dimensions: 40 x 123

Financial Considerations

  • Tax Amount: $6,926
  • Tax Year: 2025
  • Terms: Assumable, Conventional, VA, FHA, Cash

Disclosures and Reports

  • Legal Description: LOT 003 BLOCK 003 THE ERASTUS BYERS ADDN TO MPLS
  • Property ID: 202824210099

Listed by Edina Realty, Inc.

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Listing agents

— 3108 Elliot Ave —

  • Edina Realty, Inc.

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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 3108 Elliot Ave

School District:Minneapolis Public School District
NameGradesDistance
Andersen Community
1098 Andersen Lane, Minneapolis, MN 55407
6-80.5 mi
Bancroft Elementary School
3829 13th Avenue South, Minneapolis, MN 55407
PK-50.9 mi
South Senior High School
3131 19th Avenue South, Minneapolis, MN 55407
9-120.9 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 3108 Elliot Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/25/2026
Price Reduced
$550,000
-4.35%
MLS
3/17/2026
Listed
$575,000
21.05%
MLS
5/27/2021
Sold
$475,000
—
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 3108 Elliot Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,926
13%
$471,000
—
2023
$6,136
13%
$471,000
14%
2023
$5,426
—
$413,000
26%
2023
$5,426
7%
$329,000
14%
2020
$5,085
7%
$287,500
10%
2019
$4,749
11%
$261,500
12%
2018
$4,283
4%
$233,500
7%
2017
$4,104
4%
$219,000
8%
2016
$3,930
10%
$203,500
15%
2015
$3,583
7%
$177,000
15%
2014
$3,352
4%
$154,000
5%
2013
$3,218
—
$147,000
—
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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Listed by Edina Realty, Inc.

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3108 Elliot Avenue, Minneapolis, MN 55407 (MLS# 7024111) is a Triplex property with 9 bedrooms and 0 full bathrooms. 3108 Elliot Avenue is currently listed for $550,000 and was received on March 11, 2026. Want to learn more about 3108 Elliot Avenue? Do you have questions about finding other Triplex real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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