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  • $675,000

    1407 Madison St NE, Minneapolis, MN 55413

    6beds
    3baths
    3,428sqft
    : 
    Triplex
    Built in 1916
    -- sqft lot
    $658,500 Zestimate®
    $197/sqft
    $-- HOA

    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.
    51 days
    on Zillow
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    364
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    22
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    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#: 6737235MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1407 Madison St NE.

    Next available tour time:Tomorrow at 9am

    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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