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  • $662,950

    1407 Madison St NE, Minneapolis, MN 55413

    6beds
    3baths
    3,428sqft
    Triplex
    Built in 1916
    -- sqft lot
    $663,000 Zestimate®
    $193/sqft
    $2,149 Estimated rent

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    $4,085/mo

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    What's special

    Turnkey Non-conforming Triplex in Prime NE Minneapolis! An exceptional opportunity to own a fully leased, well-maintained non-conforming triplex in the heart of Northeast Minneapolis. This building features three, 2 bedroom, 1 bathroom units, each offering in-unit laundry and separate utilities. All units are currently tenant-occupied with leases in place, making this a true plug and play investment. Positioned on a quiet, tree-lined street with easy access to Logan Park, dining, breweries, coffee shops and all the charm of the NE Arts District, this property offers strong rental appeal and future value growth. Tenants enjoy natural light, and access to a shared backyard and enclosed porches perfect for relaxation or extra storage. Ideal for both seasoned investors and house hackers. Live in one unit and rent the others or enjoy steady cash flow with three performing units. A rare chance to secure a multifamily property in one of Minneapolis’s most desirable rental markets.

    Zillow last checked: 8 hours ago

    Listing updated: October 27, 2025 at 08:56am

    Listed by:

    Ryan Walseth - TAYLRD Real Estate 612-770-1361,

    Keller Williams Realty Integrity Lakes,

    Ali Reda - TAYLRD Real Estate 612-940-6722

    Bought with:

    Scott Hoefler

    Side by Side Realty LLC

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6737235MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    Heating
    • Hot Water
    Features
    • Basement: Partially Finished
    Interior area
    • Total structure area: 3,428
    • Total interior livable area: 3,428 sqft
    • Finished area above ground: 2,336
    • Finished area below ground: 500

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached
    • Garage spaces: 2
    • Details: Garage Dimensions (20x22)
    Accessibility
    • Accessibility features: None
    Features
    • Levels: More Than 2 Stories
    • Patio & porch: Porch
    Lot
    • Size: 0.12 sqft
    • Dimensions: 40 x 127
    Details
    • Foundation area: 1250
    • Parcel number: 1402924120185

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    Materials
    • Stucco
    Condition
    • Age of Property: 109
    • New construction: No
    • Year built: 1916

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & neighborhood

    Location
    • Region: Minneapolis
    • Subdivision: Monroe Street Add
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    $663,000
    2% more+$13,260
    With Zillow Showcase(estimated)$676,260