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2430 Elliot Avenue

2430 Elliot Avenue, Minneapolis, MN 55404
Multifamily in Phillips
1 Units For Sale
Unit for sale at 2430 Elliot Avenue, Minneapolis, MN 55404

$639,000

  • Loft
  • 3 Baths
  • 5,053 ft²
2430 Elliot Avenue, Minneapolis, MN 55404 Listing by Taylor Kielty

2430 Elliot Avenue has been categorized by the local assessors in Minneapolis, MN as a residential type of property. The building on the property was first built in 1905 and is 119 years old. The home has a total of 13 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 3 stories. In addition, 2430 Elliot Avenue has 2,670 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,250 ft and across the front of the lot is 480 ft. The area measurement of the land has been determined as 6,098 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a triplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there are a total of 3 available parking spaces. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. The building has a gable style roof made of asphalt. The exterior walls of the building are made of wood. In terms of heating, it is utilizing a hot water heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2430 Elliot Avenue sold most recently in Apr 14, 2023 for a total of $615,000. If you work out the math, that's approximately a cost of $192.79 per sqft. Before that, the property was also sold for $615,000 in Apr 24, 2023. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $6,863 in taxes each year. 2430 Elliot Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $480,000. If we break it down further, the land itself was valued at $34,000. Improvements to the property, however, were assessed at a total of $446,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.

Building Features

Exterior

Wood Exterior

Parking

Detached Garage
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210520
05/20/2021
6 Bed
3 Bath
3702 ft²
$585,000
bedrooms
6 Bed
bathrooms
3 Bath
square feet
3702 ft²
$585,000
10/04/2021
Daniel Desrochers
eXp Realty
20190826
08/26/2019
4 Bed
1 Bath
3736 ft²
$599,000
bedrooms
4 Bed
bathrooms
1 Bath
square feet
3736 ft²
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Total Rooms: 13
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Wood
  • Building Style: Triplex
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 3
  • Basement Type: Unspecified basement
  • Basement Area: 1,346
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 6,098
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 480
  • Total Building Area: 3,190
  • Gross Building Area: 3,190
  • Building Area: 3,190
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 2,670
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WEBSTERS RGT BLK 5 BRACKETT & BOVEYS
  • Land Acres: 0.14
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: 003 WEBSTERS RGT BLK 5 BRACKETT & BOVEYS 48 X 125.3

Ownership

  • Current Owner : BARRETO MEDARDO ALONSO GUAMA
  • Current Owner 2: GUAMAN ISABEL MARGARITA
  • Previous Owner : HAPPE MATTHEW
  • Owner Before Previous Owner: HAPPE MATTHEW
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants in Common

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 125800

Zoning

  • Zoning: R2B

Geography

  • Assessors Map Reference: MB:16200
  • District: 01
  • Parcel: 35-029-24-24-0175
  • Block: 5
  • Lot: 3
  • Meridian: SEC 35 QTR 24 TWN 029 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.9579
  • Longitude: -93.2616

    Address

  • Full Address: 2430 Elliot Ave
  • Address - House Number: 2430
  • Address - Street Name: Elliot
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C009
  • 4-Digit Zip Code: 3857
  • Zip Code: 55404

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,863

    Appraisal Valuation

  • Standard Deviation: 0.1723
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 537,664
  • High Value: 630,334
  • Low Value: 444,994

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $636,000
  • First Open Lien Mortgage Lender: RELIANCE BANK
  • First Open Lien Mortgage Recording Date: May 01, 2023
  • First Open Lien Mortgage Loan Amount: $318,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 24, 2028
  • Second Open Lien Mortgage Recording Date: Apr 24, 2023
  • Second Open Lien Mortgage Loan Amount: $318,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Apr 24, 2053

    Market Valuation

  • Market Total Value: $480,000
  • Market Land Value: $34,000
  • Market Improvement Value: $446,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $480,000
  • Assessed Land Value: $34,000
  • Assessed Improvements Value: $446,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 14, 2023
  • Current Sale Recording Date: May 01, 2023
  • Current Sale Transaction ID: 11906607499
  • Current Sale Price: $615,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 11197234
  • Previous Sale Recording Date: Apr 24, 2023
  • Previous Sale Contract Date: Apr 24, 2023
  • Previous Sale Amount: $615,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: RELIANCE BANK
  • First Mortgage Transaction Date: May 01, 2023
  • First Mortgage Loan Amount: $318,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 24, 2028

    Previous Mortgages

  • Previous Mortgage Transaction Date: Apr 24, 2023
  • Previous Mortgage Loan Amount: $318,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Phillips



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Frequently Asked Questions

What neighborhood is 2430 Elliot Avenue located in?
The 2430 Elliot Avenue is a multifamily located in the neighborhood of Phillips in Phillips, Minneapolis.
How many listings are currently for sale in 2430 Elliot Avenue?
There is a listing currently on the market for sale.
What is the average sales price for listings in 2430 Elliot Avenue?
The average sales price for units in 2430 Elliot Avenue is $585,000 , or $158/sqft. currently.

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