3108 Elliot Ave, Minneapolis, MN, 55407
About This Home
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.
Getting Around
Very Walkable
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1894
Type & Style
- Home type: MultiFamily
- Property subType: Triplex
Interior
Appliances
- Laundry features: In Basement,Common Area
Basement
- Has basement: Yes
- Basement: Block,Storage Space
Bedrooms & Bathrooms
- Bedrooms: 9
- Bathrooms: 3
Features
- Finished area below ground: 0
- Finished area above ground: 3,052
Heating
- Heating features: Baseboard,Boiler
Interior Area
- Total structure area: 4,218
- Total interior livable area: 4,218 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 0202824210099
- Foundation area: 1166
Features
- Levels: More Than 2 Stories
Lot
- Lot size: 4,792 sqft
- Lot size dimensions: 40 x 123
Parking
- Parking features: Shared Driveway
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Tornado
- Hail
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Hennepin County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,654 | $31,848 |
| Home Insurance * | $358 | $4,296 |
| Property Taxes | $625 | $7,500 |
| Electricity | $355 | $4,269 |
| Total | $3,992 | $47,904 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-05 | Price change | $525,000 |
| 2026-03-25 | Price change | $550,000 |
| 2026-03-17 | Listed for sale | $575,000 |
| 2021-12-08 | Listing removed | -- |
| 2021-05-27 | Sold | $475,000 |
| 2021-04-23 | Pending sale | $425,000 |
| 2021-04-16 | Listed for sale | $425,000 |
| 2021-03-24 | Listing removed | -- |
| 2016-04-11 | Listing removed | $1,200 |
| 2014-06-13 | Listing removed | $1,100 |
| 2014-05-06 | Listed for rent | $1,100 |
| 2013-08-30 | Listing removed | $1,150 |
| 2013-08-02 | Listed for rent | $1,150 |
| 2012-06-19 | Listing removed | $1,075 |
| 2012-06-12 | Listed for rent | $1,075 |
| 2004-06-01 | Sold | $313,300 |
| 2002-12-17 | Sold | $275,000 |
| 2001-06-25 | Sold | $270,000 |
| 1997-12-15 | Sold | $195,000 |
| 1997-05-28 | Sold | $42,500 |
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