$500,000
 $2,684 est/mo Sourced by Back At You

3400 Elliot Avenue,Minneapolis, MN 55407

Minneapolis, MN 55407

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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 featuresinclude 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.

Details

MLS #7082395
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1914
Days On Site87
Listing Provided ByKeller Williams Realty Integrity Lakes | Hannah Dahlstrom

Features

Bed(s)4
Bath(s)4
SQ Feet3,277
Garage2
BasementY
Story(s)2
Units4
ZoningResidential-Multi-Family
Acreage0.14

Interior

HeatingForced Air

Exterior

RoofFlat, Rubber
Lot FeaturesCorner Lot

Parking

Parking FeaturesDetached Garage

Taxes

Property8701

Area Information

StateMN
CountyHennepin
CityMinneapolis
Zip Code55407
Area64
Community NameAuditors Sub 049
School District1
High SchoolMinneapolis
Listing VS Median (in Auditors Sub 049)
Price:
$500,000
low | high
Med:
$500,000
50% of Average
sqft:
3,277
low | high
Med:
3,277
50% of Average
$ / sqft:
$153
low | high
Med:
$153
50% of Average
On site:
87
low | high
Med:
87
100% of Average
Sourced by Back At You

Market Activity 55407

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 Listings courtesy of Northstar MLS as distributed by MLS GRID. 

Based on information submitted to the MLS GRID as of August 24, 2026 at 5:27:29 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateMN
CountyHennepin
CityMinneapolis
Zip Code55407
Area64
Community NameAuditors Sub 049
School District1
High SchoolMinneapolis
Listing VS Median (in Auditors Sub 049)
Price:
$500,000
low | high
Med:
$500,000
50% of Average
sqft:
3,277
low | high
Med:
3,277
50% of Average
$ / sqft:
$153
low | high
Med:
$153
50% of Average
On site:
87
low | high
Med:
87
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $375K - $625K
sqft: 2,000 - 4,000
Nearby Listings Property ImageNearby Listings Details
3431 Elliot Avenue Property Photo 1
$499,000
3431 Elliot Avenue
Minneapolis, MN 55407
Listing Updated: August 24, 2026 at 10:17:13 AM PDT
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