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3400 Elliot Avenue, Minneapolis, MN 55407

New Listing

$500,000

Basement - coin laundry has been added since photos were done

Property Type: Multi-Family Bedrooms: 4 Baths: 4 Square Footage: 4,727 Lot Size (sq. ft.): 6,098 Status: Active

Current Price: $500,000 List Date: 6/04/2026 Last Modified: 6/05/2026

Overview

Description

Classic Powderhorn fourplex offering split utilities, enduring original character, and consistent rental demand in one of South Minneapolis’ most established neighborhoods. Situated on a corner lot just blocks from Powderhorn Park, this well-maintained property features four spacious 1-bedroom, 1-bath units with separate gas and electric, individual furnaces and water heaters, shared laundry, off-street parking, and a detached two-stall garage. Each unit retains the architectural details that continue to support long-term rental appeal, including original hardwood floors, built-in buffets, natural woodwork, and. enclosed porches that provide additional functional living space. Recent improvements include fresh exterior paint, new gutters, updated LED lighting throughout, electronic locks, updated landscaping, shared laundry with new washer and dryer, and a new water heater. The property offers stable in-place income with additional upside potential through future improvements over ti ... (Read more)

Listing Details MLS# 7082395

General Property Information

Lot Measurement: Square Feet
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1914
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1450
Above Ground SqFt: 3277
Below Grd Total SqFt: 1450
Total SqFt: 4727
Foundation Size: 1450
Lot Size SqFt: 6098
Style: (MF) Four Plex
Total Finished Sqft: 3277.00
Garage Stalls: 2
Lot Dimensions: 50x122
Assessment Pending: Yes

Property Features

Accessible: None Amenities Shared: Deck; Patio; Porch Basement: Full; Shared Access; Storage/Locker; Unfinished Construction Status: Previously Owned Exterior: Stucco Fencing: Chain Link; Full Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: In Basement Lot Description: Corner Lot Owner Pays: See Remarks Pool Description: None Road Frontage: Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Roof: Flat; Rubber Sewer: City Sewer/Connected Stories: Two Tenant Pays: See Remarks Unit 1 Amenities: Hardwood Floors; Porch; Sun Room Unit 1 Appliances: Freezer; Range; Refrigerator Unit 2 Amenities: Hardwood Floors; Porch; Sun Room Unit 2 Appliances: Freezer; Range; Refrigerator Unit 3 Amenities: Hardwood Floors; Porch; Sun Room Unit 4 Amenities: Hardwood Floors; Porch; Sun Room Unit 4 Appliances: Dishwasher; Freezer; Range; Refrigerator Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 500000
ListPrice: 500000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 3400
Street Name: Elliot
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55407
Complex/Dev/Subdivision: Auditors Sub 049

Assessments

Tax With Assessments: 8701
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 3277

More Information

Income and Expenses

Annual Gross Expenses: 1800
Annual Gross Income: 64380
Misc. Annual Income: 3600
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 346

Public Survey Info

Range#: 24
Section#: 02
Township#: 28

Unit 1

Furnished?: No
Lease Expiration Date: 2026-10-31
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 14940
Finished SqFt: 665
Full Baths: Yes
Monthly Expense: 12
Monthly Rent: 1245
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 5

Unit 2

Furnished?: No
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Annual Rent: 16560
Finished SqFt: 665
Full Baths: Yes
Monthly Expense: 112
Monthly Rent: 1380
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 5

Unit 3

Furnished?: No
Lease Expiration Date: 2026-07-31
Leased?: Yes
Level: Main Level
Unit Number: 3
Annual Rent: 16140
Finished SqFt: 665
Full Baths: Yes
Monthly Expense: 12
Monthly Rent: 1345
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 5

Unit 4

Furnished?: No
Lease Expiration Date: 2026-11-30
Leased?: Yes
Level: 2nd Level
Unit Number: 4
Annual Rent: 16740
Finished SqFt: 665
Full Baths: Yes
Monthly Expense: 12
Monthly Rent: 1395
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 5

Unit Details

Total Units: 4

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 001 AUDITOR'S SUBD. NO. 049
Listing City: Minneapolis
Map Page: 120
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 6180
Property ID Number: 0202824310001
Tax Year: 2026
Tax Amount: 8701
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Classic Powderhorn fourplex offering split utilities, enduring original character, and consistent rental demand in one of South Minneapolis’ most established neighborhoods. Situated on a corner lot just blocks from Powderhorn Park, this well-maintained property features four spacious 1-bedroom, 1-bath units with separate gas and electric, individual furnaces and water heaters, shared laundry, off-street parking, and a detached two-stall garage. Each unit retains the architectural details that continue to support long-term rental appeal, including original hardwood floors, built-in buffets, natural woodwork, and. enclosed porches that provide additional functional living space. Recent improvements include fresh exterior paint, new gutters, updated LED lighting throughout, electronic locks, updated landscaping, shared laundry with new washer and dryer, and a new water heater. The property offers stable in-place income with additional upside potential through future improvements over time. Additional features include basement storage lockers, rear deck access, and four off-street parking spaces in addition to the garage. Conveniently located near Powderhorn Park, transit, bike trails, downtown Minneapolis, and neighborhood dining and retail, this is an opportunity to acquire a well-positioned Minneapolis multi-family asset in a consistently strong rental corridor.
Directions: From Park Ave, head east on E 34th St to Elliot Ave S. Property is located on the corner of E 34th St & Elliot Ave S.

Accessible

None: Yes

Amenities Shared

Deck: Yes
Patio: Yes
Porch: Yes

Basement

Full: Yes
Shared Access: Yes
Storage/Locker: Yes
Unfinished: Yes

Construction Status

Previously Owned: Yes

Exterior

Stucco: Yes

Fencing

Chain Link: Yes
Full: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Laundry

In Basement: Yes

Lot Description

Corner Lot: Yes

Owner Pays

See Remarks: Yes

Pool Description

None: Yes

Road Frontage

Paved Streets: Yes
Sidewalks: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Flat: Yes
Rubber: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Four: Yes

No. of Refrigerators

Four: Yes

Tenant Pays

See Remarks: Yes

Unit 1 Amenities

Hardwood Floors: Yes
Porch: Yes
Sun Room: Yes

Unit 1 Appliances

Freezer: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Amenities

Hardwood Floors: Yes
Porch: Yes
Sun Room: Yes

Unit 2 Appliances

Freezer: Yes
Range: Yes
Refrigerator: Yes

Unit 3 Amenities

Hardwood Floors: Yes
Porch: Yes
Sun Room: Yes

Unit 4 Amenities

Hardwood Floors: Yes
Porch: Yes
Sun Room: Yes

Unit 4 Appliances

Dishwasher: Yes
Freezer: Yes
Range: Yes
Refrigerator: Yes

Listing Office: Keller Williams Realty Integrity Lakes

Last Updated: June - 05 - 2026

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