Minnesota
Minneapolis
1407 Madison Street NE

$675,000

1407 Madison Street NE, Minneapolis, MN 55413

2,836 sqft

Triplex
Built in 1916
—— sqft lot
2 car garage
$238/sqft
Listed 24 days ago

Property Description

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 Status:: Active
Listing Office:: Keller Williams Realty Integrity Lakes : 612-821-7400
MLS ID:: 6737235

Basement: Partially Finished
Heating: Hot Water

This listing courtesy of Keller Williams Realty Integrity Lakes

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Sheridan Elementary School

1201 University Ave NE, Minneapolis, MN, 55413

Grades PK-5

0.48 miles away

Mps Metro Ha

425 5th St NE, Minneapolis, MN, 55413

Grades KG-12

0.57 miles away

Edison High School

700 22nd Ave NE, Minneapolis, MN, 55418

Grades 9-12

0.50 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.