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Luke Chase

luke@ts-re.com +1(612) 418-9979

$525,000

Est. payment - /mo

9 Beds

3 Baths

3,052 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Contingent

Purchase Type For Sale

Square Footage 3,052 sqft

Price per Sqft $172

Subdivision The Erastus Byers Add

MLS Listing ID 7024111

Bedrooms 9

Year Built 1894

Annual Tax Amount $6,926

Tax Year 2025

Contingent Subject to Financing

Lot Size 4792.000 Acres

Lot Dimensions 40x123

Property Sub-Type Triplex

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.

Location

State MN

County Hennepin

Rooms

Basement Block, Storage Space

Interior

Heating Baseboard, Boiler

Fireplace No

Laundry In Basement, Common Area

Exterior

Parking Features Shared Driveway

Building

Story More Than 2 Stories

Foundation 1166

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories More Than 2 Stories

New Construction false

Schools

School District Minneapolis

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Listed by Melanie Swensen • Edina Realty, Inc.

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3108 Elliot AVE Minneapolis, MN 55407

Luke Chase

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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NEARBY SCHOOL & BUSINESS

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3108 Elliot AVE

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