Listed By
Agency Name: Edina Realty, Inc.
Agency Phone: 952-892-7000
Shown By
Agent Name: John Gellerman
Agent Phone: (612) 990-6004
Agency Title: Counselor Realty
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. $432K at 2.5% creating a dramatically lower monthly payment than current market financing. Additional income from coin-operated laundry. Major capital improvements including NEW ROOF (2025), new sewer line (2024), updated electrical, boiler and chimney brought up to code. Fully rented triplex with separate gas and electric, hardwood floors, abundant natural light, basement storage, on-site laundry, PRIVATE OFF-STREET PARKING, and a backyard space. Located 2 blocks from 66-acre Powderhorn Park (with central lake, recreational facilities and trails) and 3 miles from downtown Mpls, offers walkability to local cafes, restaurants, and shops which supports consistent tenant demand. Showings require 24 hour notice.
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3108 Elliot Avenue, Minneapolis, MN 55407
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$ 3,664.91 per month $2,927.33 Principal & Interest $577.17 Property Tax $160.42 Homeowner's InsuranceChange Payment Information
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3108 Elliot Avenue, Minneapolis, MN 55407
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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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 jgellerman.counselorrealty.com today.