$ 500,000
-
$500,000
Price -
4
Bed -
4
Bath -
3,277
SqFt -
0.14
Acre
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About the Listing 6582 - 502054971,505001053
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.
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3277
- Basement: Full,Shared Access,Storage/Locker,Unfinished
- Other:
- Water: City Water/Connected
Exterior Details
- Lot Description: Corner Lot,Chain Link,Full
- Garage Capacity: 2 car
- Lot Dimensions: 50x122
- Zoning: Residential-Multi-Family
- Roof: Flat,Rubber
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Detached Garage
Financial Details
- Tax Amount: $8,701
- Taxes w/Assessments: N/A
- Tax/Property ID: 0202824310001
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
3400 Elliot Ave Minneapolis, MN 55407
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