Property Listing
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 Information
Status: Active
Sub Type: ********
List Price: $550,000
MLS#: 7024111
Current Price: $550,000
Address: 3108 Elliot Avenue, Minneapolis, MN 55407
City: Minneapolis
State: MN
Postal Code: 55407
Geo Lat: 44.946186
Geo Lon: -93.261727
Subdivision: The Erastus Byers Add
County: Hennepin
Property Description
Year Built: 1894
Lot Size SqFt: 4792
Gen Tax: 6926
Specials Inst: 0
High School: Minneapolis
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Total SqFt.: 4218
Style: Array
Total Bedrooms: 9
Total Bathrooms: 3
Total Full Baths:
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
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Inclusions: ********
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