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1428 Madison Street NE

Minneapolis, MN 55413

– beds
– baths
5,317 sqft
$148 per sqft
1894 build
– on site

Classic NE Minneapolis 4-plex featuring four fully rented 1-bedroom units. This charming corner-lot property is ideal for an owner-occupant or house-hack investor. Each unit includes its own energy-efficient furnace and separate electric service. 4-stall garage adds value and nice functionality, complemented by a large yard. Located just one block from the park, the property has great curb appeal and offers strong potential for increased value through rent growth and light cosmetic updates. A rare opportunity to own a well-maintained, income-producing asset in NE Minneapolis.

Listing courtesy of NORTHSTAR / Mary McNicoll / MRG Realty Partners, LLC

Last checked: Checking… • Last updated Jul 9, 2025 •

MLS# 6748735 —

The Building

Year Built:

1894
New Construction:

false
Age Of Property:

131
Construction Materials:

Stucco
Accessibility Features:

None
Levels:

Two
Main Level Finished Area:

4829.0000
Basement:

Block
Basement:

true
Foundation Area:

4829
Building Area Total:

5317
Above Grade Finished Area:

4829
Below Grade Finished Area:

488

Room Dimensions

Living Area:

5317

Location

Directions:

From I-35W, take the Hennepin Ave exit and head northeast. Turn left onto Broadway St NE, then right onto Madison St NE. Property is located at the corner of Madison St NE and 15th Ave NE.
Latitude:

45.002921
Longitude:

-93.254116

The Property

Parcel Number:

1402924120008
Property Type:

Residential Income
Property Subtype:

Quadruplex
Additional Parcels:

false
Lot Size Area:

0.17
Lot Size Dimensions:

7405 SF
Lot Size Units:

Acres
Water Source:

City Water - In Street
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

9721
Tax With Assessments:

9721.0000

Heating & Cooling

Heating:

Forced Air

Utilities

Sewer:

City Sewer/Connected

Schools

High School District:

Minneapolis

The Community

Subdivision Name:

Auditors Sub 029
Assessment Pending:

No

Parking

Garage Spaces:

4
Garage Dimensions:

42x24
Garage SqFt:

1008

Extra Units

# of Units Total:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
7/8/25 Jul 8, 2025	Listed / Active	NORTHSTAR	$789,000	12.7% (4.4% / YR)
8/17/22 Aug 17, 2022		NORTHSTAR	$700,000	-3.4%
8/17/22 Aug 17, 2022		NORTHSTAR	$700,000

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This multifamily located in Northeast Minneapolis, Minneapolis, MN 55413 is currently for sale for $789,000. 1428 Madison Street NE is a 5,317 square foot multifamily with – beds and – baths that has been on Estately for 1 days. 1428 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, Northeast Middle School, and Pillsbury Elementary School.

Listing Courtesy of: NORTHSTAR and MRG Realty Partners, LLC.

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.