3400 Elliot Ave Minneapolis, MN 55407
Powderhorn Park NeighborhoodEstimated payment $2,795/month
Total Views
203
4
Beds
4
Baths
4,200
Sq Ft
6,098
Sq Ft Lot
Highlights
- Corner Lot
- Patio
- Hot Water Heating System
- Porch
About This Home
Welcome to this classic fourplex on a corner lot in the vibrant Powderhorn Park neighborhood of Minneapolis! Whether you’re an investor looking for income potential or an owner-occupant seeking a multi-unit home, this rare offering—complete with split utilities—promises a blend of character, convenience, and long-term value in a sought-after location. This well-maintained investment property offers four charming 1-bedroom, 1-bath units, each showcasing original built-in storage and buffets, rich hardwood floors throughout, fresh interior and exterior paint, and private back porches/decks overlooking the fully fenced yard with updated river rock landscaping—perfect for relaxation or play. Each unit also has a three-season front porch, great for extra living space or storage. The shared basement provides individual storage lockers and shared laundry for tenant convenience, while a detached two-stall garage and additional parking pad (fits 4 cars) deliver valuable off-street parking. Recent updates include a new hot water heater (‘25), new LED overhead lighting fixtures throughout, electronic locks for added security, new gutters, and four high-efficiency furnaces. Powderhorn Park is down the street and is a highly desirable area known for its community-focused events, strong rental demand, and convenient proximity to downtown, public transit, parks, local shops, and dining options. Don't miss out!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,705
Year Built
- Built in 1914
Lot Details
- Lot Dimensions are 50 x 122
- Corner Lot
Parking
- 2 Car Garage
Home Design
- Quadruplex
- Flat Roof Shape
- Rubber Roof
Interior Spaces
- 4,200 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Shared Basement
- Basement Storage
Outdoor Features
- Patio
- Porch
Utilities
- Hot Water Heating System
Community Details
- 4 Units
- Auditor's Subd No 049 Subdivision
Listing and Financial Details
- Assessor Parcel Number 0202824310001
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $4,476 | $485,000 | $85,400 | $399,600 |
| 2022 | $8,202 | $84,500 | $14,900 | $69,600 |
| 2021 | $7,843 | $465,000 | $66,900 | $398,100 |
| 2020 | $7,711 | $479,500 | $44,600 | $434,900 |
| 2019 | $7,073 | $436,000 | $44,600 | $391,400 |
| 2018 | $6,053 | $389,500 | $22,300 | $367,200 |
| 2017 | $5,725 | $305,500 | $20,300 | $285,200 |
| 2016 | $5,620 | $291,000 | $20,300 | $270,700 |
| 2015 | $5,121 | $253,000 | $20,300 | $232,700 |
| 2014 | -- | $220,000 | $20,300 | $199,700 |
Source: Public Records
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $623,779 | Land Title | |
| Warranty Deed | $66,000 | None Available | |
| Warranty Deed | $76,500 | -- | |
| Warranty Deed | $56,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $320,000 | New Conventional | |
| Closed | $97,078 | New Conventional | |
| Closed | -- | No Value Available |
Source: Public Records
Similar Homes in Minneapolis, MN
Source: NorthstarMLS
MLS Number: 6729868
APN: 02-028-24-31-0001
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