1407 Madison Street NE Minneapolis, MN 55413

$675,000
Active
estimated monthly payment
2,836 Sq Ft  |  Triplex  |  MLS # 6737235
  • Investors and owner occupied buyers this is your chance to own a big income producing asset!
    Investors and owner occupied buyers this is your chance to own a big income producing asset!
  • 3 separate entrances, fully leased
    3 separate entrances, fully leased
  • Fenced in backyard, 2-car garage
    Fenced in backyard, 2-car garage
  • 2 car garage w/opener
    2 car garage w/opener
  • Main level kitchen
    Main level kitchen
  • Updated on all 3 levels
    Updated on all 3 levels
  • Main level kitchen
    Main level kitchen
  • SS appliances, quartz countertops
    SS appliances, quartz countertops
  • Main level kitchen
    Main level kitchen
  • Beautiful HW floorsLiving room - Main
    Beautiful HW floorsLiving room - Main
  • Living room-Main
    Living room-Main
  • Luxury vinyl tile flooring
    Luxury vinyl tile flooring
  • 4-season front porch - Main
    4-season front porch - Main
  • Main level full bath
    Main level full bath
  • Bedroom 1 of 2 - Main
    Bedroom 1 of 2 - Main
  • LL Kitchen
    LL Kitchen
  • LL living room w/Mini split heat/AC
    LL living room w/Mini split heat/AC
  • LL living room
    LL living room
  • LL bedroom 1 of 2
    LL bedroom 1 of 2
  • LL 3/4 bath
    LL 3/4 bath
  • Upper living room
    Upper living room
  • Upper living room
    Upper living room
  • Upper dining/living rooms
    Upper dining/living rooms
  • Upper dining room
    Upper dining room
  • Upper kitechn
    Upper kitechn
  • Upper kitchen
    Upper kitchen
  • Upper bedroom 1 of 2
    Upper bedroom 1 of 2
  • Upper bedroom 2 of 2
    Upper bedroom 2 of 2
  • Upper kitchen
    Upper kitchen
  • Upper bedroom 2 of 2
    Upper bedroom 2 of 2
  • Upper in-unit laundry
    Upper in-unit laundry
  • Upper full bath
    Upper full bath
  • Upper coffee deck
    Upper coffee deck
  • Main and upper level entrances
    Main and upper level entrances
  • 3-head Minisplit for Lower Level (heat & AC)
    3-head Minisplit for Lower Level (heat & AC)
  • Separate utilities
    Separate utilities
  • Meticulously updated
    Meticulously updated

About The Listing

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 Ryan Walseth - TAYLRD Real Estate, Keller Williams Realty Integrity Lakes
Purchase Price
Loan Type
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Interest Rate
Estimated Property Taxes
Homeowner's Insurance
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Property Details

Features

 
 
 
Property Type: Other
Status: Active
Contingency Type: None
Year Built: 1916
MLS #: 6737235
Square Feet: 2,836
Price Per Square Foot: $238
Garage Spaces: 2
Parking Description: Detached
Sewer Description: City Sewer/Connected
Water: City Water/Connected
Heat Type: Hot Water
Basement: Partially Finished
Construction Description: Stucco
Days On Market (Continuous): 1
Disability Features: None
Latest Update: 06/19/2025
List Date: 06/18/2025
Listing Agent ID: 506014536
Listing Office: Keller Williams Realty Integrity Lakes
Listing Office ID: 6582
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Lot Dimensions: 40x127
Lot Size: 0.12 Square Feet
School District: Minneapolis
Tax Year: 2025
Estimated Taxes: $8,973
Contingency Type: None
City: Minneapolis
Zip: 55413
County: Hennepin
Subdivision: Monroe Street Add
State: MN

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Listing last updated: 06/19/25

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