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Two-Home Duplex Property
For Sale
$499,000

3431 Elliot Ave, Minneapolis, MN 55404

Two separate residences on one lot support flexible living, guest, workspace, or rental arrangements.

Property Size3,535 SF
Price / SF$141.16
Days on Market43

Property Features for 3431 Elliot Ave

General Information

Standard status Active
Size 3,535 SF
Property subtype Residential Income

Units

Unit Mix 1 x 4BR, 1 x 2BR
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $5,211

Building Details

Buildings 2
Listing Agency: Pemberton RE
Listed By: Kelly A Madden · License #40783904
Source: Exprealty
Added: Jul 8 Changed: Aug 17 Last Checked: Aug 19 at 1:44PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pemberton RE

Investment Insights

Based on property information with market context.

This 3,535 SF duplex property includes two fully separate residences on a single lot. The primary home offers four bedrooms, a finished basement, refinished hardwood floors, partial marble kitchen countertops, and a bathroom with a Jacuzzi tub. Recent improvements include a new roof and siding in 2025, along with drain tile, a sump pump, and a radon mitigation system.

The second residence is a 1½-story, two-bedroom home with a newer furnace and water heater. Its independent layout provides options for extended family, guests, a private office, or rental use. Located at 3431 Elliot Ave in Minneapolis, the property combines distinct living spaces with a flexible two-home configuration.

Key Highlights

  • Two separate homes on one lot at 3431 Elliot Ave, Minneapolis, MN
  • 3,535 SF duplex property with four‑bedroom and two‑bedroom residences
  • Primary home includes a finished basement and refinished hardwood floors

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Veterinary Clinic Home Appliance Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

939
Businesses Nearby

Demographics for 55404, MN

29,322
Population
14,372
Households
2
Avg Household Size
32
Median Age
35%
College-Educated
81%
High-School Grad
1.8 sq mi
ZIP Area
16,290
Density / Sq Mi
$43,932
Median Household Income
$35,970
Median Earnings
$1,063
Median Rent
$294,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two separate residences on one lot support flexible living, guest, workspace, or rental arrangements.
Where is this duplex located?
The property is located at 3431 Elliot Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two separate homes on one lot at 3431 Elliot Ave, Minneapolis, MN; 3,535 SF duplex property with four‑bedroom and two‑bedroom residences; Primary home includes a finished basement and refinished hardwood floors
More about this property
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