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.
Active
$675,000
1407 Madison St NE, Minneapolis, MN 55413
6beds
3baths
3,428sqft
Est.:
Triplex
Built in 1916
-- sqft lot
$658,500 Zestimate®
$197/sqft
$-- HOA
What's special
- 51 days
- on Zillow |
- 364 |
- 22 |
Zillow last checked: 7 hours ago
Listing updated: June 19, 2025 at 01:45pm
Listed by:
Ryan Walseth - TAYLRD Real Estate 612-770-1361,
Keller Williams Realty Integrity Lakes
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6737235

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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 Square Feet
- 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 & HOA
Community
- Subdivision: Monroe Street Add
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $197/sqft
- Tax assessed value: $492,000
- Annual tax amount: $8,973
- Date on market: 6/13/2025
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