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$500,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 4 Total Beds
  • 2 Car Garage
  • Updated 5 days ago
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Classic Powderhorn fourplex offering split utilities, enduring original character, and consistent rental demand in one of South Minneapolis' most established neighborhoods. Situated on a corner lot just blocks from Powderhorn Park, this well-maintained property features four spacious 1-bedroom, 1-bath units with separate gas and electric, individual furnaces and water heaters, shared laundry, off-street parking, and a detached two-stall garage. Each unit retains the architectural details that continue to support long-term rental appeal, including original hardwood floors, built-in buffets, natural woodwork, and. enclosed porches that provide additional functional living space. Recent improvements include fresh exterior paint, new gutters, updated LED lighting throughout, electronic locks, updated landscaping, shared laundry with new washer and dryer, and a new water heater. The property offers stable in-place income with additional upside potential through future improvements over time. Additional features include basement storage lockers, rear deck access, and four off-street parking spaces in addition to the garage. Conveniently located near Powderhorn Park, transit, bike trails, downtown Minneapolis, and neighborhood dining and retail, this is an opportunity to acquire a well-positioned Minneapolis multi-family asset in a consistently strong rental corridor.

Full Property Details for 3400 Elliot Ave

General

  • Price: $500,000
  • Taxes: $8,701 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7082395
  • Updated: 6/4/2026
  • Added to Site: 5 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: In Basement, In Basement

Additional Information

  • Shared Amenities: Deck, Patio, Porch

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Detached Garage

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Auditors Sub 049
  • Neighborhood: 64
  • Driving Directions: From Park Ave, head east on E 34th St to Elliot Ave S. Property is located on the corner of E 34th St & Elliot Ave S.

School Information

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

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Basement: Yes
  • Basement Desc.: Full, Shared Access, Storage/Locker, Unfinished
  • Foundation Size: 1450
  • Roof: Flat, Rubber
  • Disability Access: None
  • Square Feet: 3,277
  • Above Ground: 3,277 Sq. Ft.
  • Below Ground: 1,450 Sq. Ft.
  • Finished Down/Base.: 4,727 Sq. Ft.
  • Year Built: 1914

Unit Information

  • Units w/Refrigerators: 4

Lot Features

  • Lot Size (Acres): 6,098
  • Lot Dimensions: 50 x 122
  • Frontage: Paved Streets, Sidewalks
  • Zoning: Residential-Multi-Family
  • Lot Description: Corner Lot
  • Fencing (Description): Chain Link, Full

Financial Considerations

  • Tax Amount: $8,701
  • Tax Year: 2026
  • Owner Pays: See Remarks
  • Tenant Pays: See Remarks

Disclosures and Reports

  • Legal Description: LOT 001 AUDITOR'S SUBD. NO. 049
  • Property ID: 202824310001

Listed by Keller Williams Realty Integrity Lakes

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— 3400 Elliot Ave —

  • Keller Williams Realty Integrity Lakes

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Schools serving 3400 Elliot Ave

School District:Minneapolis Public School District
NameGradesDistance
Bancroft Elementary School
3829 13th Avenue South, Minneapolis, MN 55407
PK-50.6 mi
Andersen Community
1098 Andersen Lane, Minneapolis, MN 55407
6-80.9 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 3400 Elliot Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/04/2026
Listed
$500,000
-19.84%
MLS
9/16/2024
Sold
$623,778
—
Public Record
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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 3400 Elliot Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,705
-62%
$460,000
441%
2023
$4,476
-1%
$85,000
1%
2023
$4,516
—
$84,500
-82%
2023
$4,516
-41%
$465,000
7%
2020
$7,711
9%
$436,000
12%
2019
$7,073
17%
$389,500
18%
2018
$6,052
6%
$330,000
8%
2017
$5,725
2%
$305,500
5%
2016
$5,620
10%
$291,000
15%
2015
$5,121
7%
$253,000
15%
2014
$4,789
-1%
$220,000
—
2013
$4,815
—
$220,000
—
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 Keller Williams Realty Integrity Lakes

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3400 Elliot Avenue, Minneapolis, MN 55407 (MLS# 7082395) is a Multi-Family property with 4 units containing 4 bedrooms and 0 full bathrooms. 3400 Elliot Avenue is currently listed for $500,000 and was received on June 04, 2026. Want to learn more about 3400 Elliot Avenue? Do you have questions about finding other Multi-Family 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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