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.
Closed
$662,950
1407 Madison St NE, Minneapolis, MN 55413
6beds
3baths
2,836sqft
Triplex
Built in 1916
-- sqft lot
$665,500 Zestimate®
$234/sqft
$2,046 Estimated rent
Home value
$665,500
$612,000 - $725,000
$2,046/mo
Zestimate® history
Owner options
List your home for rent
$2,046/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,046/mo
Rent Zestimate®
Refinance and save
$4,205/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$4,205/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Ryan Walseth - TAYLRD Real Estate 612-770-1361,
Keller Williams Realty Integrity Lakes,
Ali Reda - TAYLRD Real Estate 612-940-6722
Bought with:
Scott Hoefler
Side by Side Realty LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6737235
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Hot Water
Appliances
- Laundry: In Unit
Features
- Basement: Partially Finished
Interior area
- Total structure area: 2,836
- Total interior livable area: 2,836 sqft
- Finished area above ground: 2,336
- Finished area below ground: 500
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage
- Garage spaces: 2
- Details: Garage Dimensions (20x22)
Accessibility
- Accessibility features: None
Features
- Levels: More Than 2 Stories
- Patio & porch: Porch
Lot
- Size: 5,227 sqft
- Dimensions: 40 x 127
Details
- Foundation area: 1250
- Parcel number: 1402924120185
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1916
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Minneapolis
- Subdivision: Monroe Street Add
Price history
| Date | Event | Price |
|---|---|---|
| 10/24/2025 | Sold | $662,950-0.7%$234/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6737235 Report a problem | ||
| 9/24/2025 | Pending sale | $667,500$235/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6737235 Report a problem | ||
| 9/19/2025 | Listing removed | $667,500$235/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6737235 Report a problem | ||
| 8/12/2025 | Price change | $667,500-1.1%$235/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6737235 Report a problem | ||
| 6/18/2025 | Listed for sale | $675,000+50%$238/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6737235 Report a problem | ||
| 9/28/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/5/2023 | Listed for rent | $1,900$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/20/2021 | Sold | $450,000+149.3%$159/sqft |
Source: Public Record Report a problem | ||
| 7/3/2012 | Sold | $180,500+13.5%$64/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1914057 Report a problem | ||
| 6/1/2012 | Listed for sale | $159,000-37.7%$56/sqft |
Source: RE/MAX Results #4158196 Report a problem | ||
| 8/3/2011 | Sold | $255,352-18.2%$90/sqft |
Source: Public Record Report a problem | ||
| 1/11/2005 | Sold | $312,000+3.7%$110/sqft |
Source: Public Record Report a problem | ||
| 9/4/2002 | Sold | $301,000+220.7%$106/sqft |
Source: Public Record Report a problem | ||
| 8/5/1998 | Sold | $93,850$33/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,973 +11.3% | $507,500 +3.2% |
| 2024 | $8,062 +32.1% | $492,000 +0.6% |
| 2023 | $6,102 +0.9% | $489,000 +29% |
| 2022 | $6,048 +10.5% | $379,000 +6.5% |
| 2021 | $5,474 -7.3% | $356,000 +6.9% |
| 2020 | $5,904 +7.9% | $333,000 +9% |
| 2019 | $5,474 -7.3% | $305,500 +10.1% |
| 2018 | $5,904 +15% | $277,500 +23.9% |
| 2017 | $5,135 +7.6% | $224,000 +4.7% |
| 2016 | $4,773 +0.6% | $214,000 +19.2% |
| 2015 | $4,745 +28.9% | $179,500 +10.1% |
| 2014 | $3,682 +6.8% | $163,000 +5.2% |
| 2013 | $3,447 -2.9% | $155,000 -5.5% |
| 2012 | $3,548 +10.7% | $164,000 -6.8% |
| 2011 | $3,204 -3.1% | $176,000 -15% |
| 2010 | $3,306 -21.6% | $207,000 -19.9% |
| 2009 | $4,215 +40.9% | $258,500 +18.1% |
| 2006 | $2,992 -15% | $218,800 +16.1% |
| 2005 | $3,518 +18.4% | $188,500 +25.5% |
| 2004 | $2,971 +68% | $150,200 +20.5% |
| 2002 | $1,768 -52.5% | $124,600 |
| 2001 | $3,723 | -- |
Find assessor info on the county website
Neighborhood: Logan Park
Nearby schools
GreatSchools rating
- 2/10Pillsbury Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 2/10Northeast Middle SchoolGrades: 6-8Distance: 1.6 mi
- 4/10Edison Senior High SchoolGrades: 9-12Distance: 0.5 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$665,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$665,500
- Minnesota
- Hennepin County
- Minneapolis
- 55413
- Logan Park
- 1407 Madison St NE
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Minneapolis Topics
