3431 Elliot Avenue, Minneapolis, MN 55407

New Listing
$499,000
Property Type: Multi-Family Bedrooms: 6 Baths: 3 Square Footage: 3,535 Lot Size (sq. ft.): 4,792 Status: Active
Current Price: $499,000 List Date: 7/08/2026 Last Modified: 7/10/2026

Overview

Description

A rare opportunity to own two separate homes on one lot in the heart of Minneapolis! Ideal for an owner-occupant seeking more privacy than a traditional duplex, the main home and second home are completely separate residences, creating an excellent setup for multigenerational living, rental income, or a home office. The main home features classic Minneapolis charm with beautiful newly refinished hardwood floors, four bedrooms, a finished basement, and thoughtful updates throughout. The kitchen includes partial marble countertops, while the bathroom features a Jacuzzi tub. Major improvements include new siding and a new roof (2025), drain tile and sump pump, and a radon mitigation system, providing added value and peace of mind. The second home is a charming 1½-story, two-bedroom residence with a newer furnace and water heater, offering excellent flexibility for rental income, guests, extended family, or a private workspace. Whether you're looking to offset your mortgage with rental ...

Listing Details MLS# 7106433

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Waterfront YN
No
Year Built
1907
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1163
Above Ground SqFt
3192
Below Grd Total SqFt
343
Total SqFt
3535
Foundation Size
1163
Style
(MF) Other
Total Finished Sqft
3535.00
Lot Dimensions
40 x 124
Acres
0.11
Assessment Pending
No
Garage Stalls
0

Property Features

Accessible: None Construction Status: Previously Owned Exterior: Vinyl Foundation: Combination Fuel: Natural Gas Heating: Boiler Sewer: City Sewer/Connected Stories: Two Unit 1 Cooling: Window Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
499000
ListPrice
499000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
3431
Street Name
Elliot
Street Suffix
Avenue
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55407
Complex/Dev/Subdivision
Porterfields Add

Assessments

Tax With Assessments
5211
Assessment Balance
0

Building Information

Finished SqFt Above Ground
3192
Finished SqFt Below Ground
343

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
Yes

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
02
Township#
28

Unit 1

Furnished?
No
Leased?
No
Unit Number
Yes
1/2 Baths
Yes
Finished SqFt
2673
Full Baths
Yes
No. of Units Like This
Yes
Total Baths
2
Total Bedrooms
4
Total Rooms
9

Unit 2

Furnished?
No
Leased?
Yes
Unit Number
2
Annual Rent
24000
Finished SqFt
861
Full Baths
Yes
Monthly Rent
2000
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
7

Unit Details

Total Units
2

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
LOT 014 BLOCK 003 PORTERFIELDS ADDN TO MPLS
Listing City
Minneapolis
Map Page
120
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
2126
Property ID Number
0202824310174
Tax Year
2025
Tax Amount
5211
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
A rare opportunity to own two separate homes on one lot in the heart of Minneapolis! Ideal for an owner-occupant seeking more privacy than a traditional duplex, the main home and second home are completely separate residences, creating an excellent setup for multigenerational living, rental income, or a home office. The main home features classic Minneapolis charm with beautiful newly refinished hardwood floors, four bedrooms, a finished basement, and thoughtful updates throughout. The kitchen includes partial marble countertops, while the bathroom features a Jacuzzi tub. Major improvements include new siding and a new roof (2025), drain tile and sump pump, and a radon mitigation system, providing added value and peace of mind. The second home is a charming 1½-story, two-bedroom residence with a newer furnace and water heater, offering excellent flexibility for rental income, guests, extended family, or a private workspace. Whether you're looking to offset your mortgage with rental income, invest, or create a flexible living arrangement, this unique property offers exceptional potential in a desirable Minneapolis location.
Directions
Use GPS

Accessible

None
Yes

Construction Status

Previously Owned
Yes

Exterior

Vinyl
Yes

Foundation

Combination
Yes

Fuel

Natural Gas
Yes

Heating

Boiler
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Income and Expenses

Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Gross Expenses
0
Annual Gross Income
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

Unit 1 Cooling

Window
Yes
IDX
Listing Office: Pemberton RE
Last Updated: July - 10 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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