Property

3108 Elliot Avenue, Minneapolis, MN 55407

550,000

VA
$55,465 interest already paid off
9
3
3,052 sqft
Estimated Loan Balance$432,072
Cash to close$117,928
Est. Monthly PITI$2,664
Initial Loan Amount$485,925
Time on site25 days
Remaining Term25 years, 2 months

Payment Calculator

$2,664

per month

In an assumption, your down payment equals the seller’s equity. You’ll need at least 5% in cash, and the rest can be covered with secondary financing.

How much can you bring down?$117,928
Find out if you qualify by applying with our experts.
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Assumed Rate

2.5%
6.46%

Principal & Interest

$1,920 /mo
$2,928 /mo
PatrickRachelMike

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About this home

HARDWOOD FLOORS
Rare opportunity to acquire a tri-plex with below-market financing! 2.5% ASSUMABLE LOAN – SAVE $700-$800/MO/$9000 ANNUALLY vs today’s rates. Buyer can assume approx. $432K at 2.5% creating a dramatically lower monthly payment than current market financing. Additional income from coin-operated laundry. Major capital improvements including NEW ROOF
A monthOn UMe
Residential IncomeProperty Type
1894Year Built
3052 SqftLiving Area
$180Price Per Sqft
$577Monthly Taxes

Listed by • , Edina Realty, Inc.

Property Details

Garage/Carport Information

  • No Garage
  • No Attached Garage

Parking

  • Features: No Garage
  • # of Parking (Total): Not specified
PatrickRachelMike

Curious About This home?

Book a call with our team and start your journey toward owning this home. We’ll answer your questions and walk you through every step.
No pressure--just real answers from our experts

MLS ID: NST7024111

Listing From: northstar

Last updated: 2026-03-26T14:07:05.621Z

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