BEDS0
BATHS
SQUARE FEET3,052
MLS#7024111
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONThe Erastus Byers Add
SCHOOLMinneapolis
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Block, Storage Space
Heating: Baseboard, Boiler
Lot Size: 0.11 Acres
Taxes: $6,926
Year Built: 1894
Feature Descriptions
Days on Site: 50
Foundation Size: 1166
Lot Dimensions: 40x123
Parcel#: 0202824210099
Parking: Shared Driveway
Sewer: City Sewer/Connected
Units: 3
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: Edina Realty, Inc.
Agency Phone: 952-892-7000
Shown By
Agency Title: Joel Hentges - Re/Max Advantage Plus
Agency Phone: 952-475-9541
Estimate Your Payment
Estimated Payment
$ 1,961.64 per month $1,224.06 Principal & Interest $577.17 Property Tax $160.42 Homeowner's Insurance
3108 Elliot Avenue | MLS# 7024111
This multi-family property located at 3108 Elliot Avenue, Minneapolis, MN 55407 is currently listed for sale with an asking price of $550,000. Elliot Avenue is located within the Minneapolis school district. Search Minneapolis real estate on www.homesbyjoel.com today.