Property Listing
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 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.
Property Information
Status: Active
Sub Type: ********
List Price: $500,000
MLS#: 7082395
Current Price: $500,000
Address: 3400 Elliot Avenue, Minneapolis, MN 55407
City: Minneapolis
State: MN
Postal Code: 55407
Geo Lat: 44.9412
Geo Lon: -93.261668
Subdivision: Auditors Sub 049
County: Hennepin
Property Description
Year Built: 1914
Lot Size SqFt: 6098
Gen Tax: 8701
Specials Inst: 0
High School: Minneapolis
Square Ft. Source:
Above Grade Finished Area: 3277
Below Grade Finished Area: 0
Below Grade Unfinished Area:
Total SqFt.: 4727
Style: Array
Total Bedrooms: 4
Total Bathrooms: 4
Total Full Baths:
Garage Type:
Garage Stalls: 2
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: