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This home will be available soon!

1407 Madison Street NE

Minneapolis, MN 55413

– beds
– baths
2,836 sqft
$238 per sqft
1916 build
– on site

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.

Listing courtesy of NORTHSTAR / Ryan Walseth / Keller Williams Realty Integrity Lakes

Last checked: Checking… • Last updated Jun 13, 2025 •

MLS# 6737235 —

The Building

Year Built:

1916
New Construction:

false
Age Of Property:

109
Construction Materials:

Stucco
Accessibility Features:

None
Levels:

More Than 2 Stories
Main Level Finished Area:

1192.0000
Basement:

Partially Finished
Basement:

true
Foundation Area:

1250
Building Area Total:

3428
Above Grade Finished Area:

2336
Below Grade Finished Area:

500

Room Dimensions

Living Area:

2836

Location

Directions:

Head north on Central Ave NE, turn right onto NE Madison St, 1407 Madison St NE will be on the left.
Latitude:

45.002326
Longitude:

-93.253356

The Property

Parcel Number:

1402924120185
Property Type:

Residential Income
Property Subtype:

Triplex
Additional Parcels:

false
Lot Size Area:

0.12
Lot Size Dimensions:

40x127
Lot Size Units:

Square Feet
Road Frontage Type:

City Street, Curbs, Sidewalks
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

8973
Tax With Assessments:

8973.0000

Heating & Cooling

Heating:

Hot Water

Utilities

Sewer:

City Sewer/Connected

Schools

High School District:

Minneapolis

The Community

Subdivision Name:

Monroe Street Add
Assessment Pending:

No

Parking

Parking Features:

Detached
Garage Spaces:

2
Garage Dimensions:

20x22
Garage SqFt:

440

Extra Units

# of Units Total:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/13/25 Jun 13, 2025	Coming Soon	NORTHSTAR	$675,000
7/3/12 Jul 3, 2012	Sold	DAAR

Multifamily

$675,000

Listing provided by broker:

Ryan Walseth

Keller Williams Realty Integrity Lakes

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This multifamily is located in Northeast Minneapolis, Minneapolis, MN 55413. 1407 Madison Street NE is a 2,836 square foot multifamily with – beds and – baths that has been on Estately for 2 days. 1407 Madison Street NE is in the Northeast Minneapolis neighborhood of Minneapolis and has a WalkScore® of 81, making it very walkable. This multifamily is in the attendance area of Thomas Edison High School, Pillsbury Elementary School, and Northeast Middle School.

Listing Courtesy of: NORTHSTAR and Keller Williams Realty Integrity Lakes.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.