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Off market
  • $423,100

    1701 Madison St NE Unit 403, Minneapolis, MN 55413

    2beds
    1,360sqft
    Apartment
    Built in ----
    -- sqft lot
    $423,100 Zestimate®
    $311/sqft
    $2,299 Estimated rent

    Home value

    $423,100

    $389,000 - $461,000

    $2,299/mo

    Zestimate® history
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    What's special

    Penthouse at Madison Lofts - Floor to ceiling south facing windows with 20 ft ceilings and natural light year round. Full length private balcony with view of downtown. Two large bedrooms and 2 bathrooms, gas fireplace, new washer & dryer in unit. Heated garage parking. Description: Madison Lofts is right in the Arts district, walking distance to Quincy Street (Indeed Brewery, Centro restaurant) and Logan Park. Unit 403 is on the top (4th) floor. The primary bedroom is quite large (easily fits king size bed) with a large ensuite bathroom and large walk in closet. The guest bedroom is larger (fits a queen bed, desk, couch) and has a similarly large walk in closet - it could also be an office or den. Guest bathroom is in the hallway. The main room has floor to ceiling windows that face south, so there is natural light all day, all year long. In the winter, the sunlight warms the room and I rarely need to turn on the heat during the day. The kitchen has an island with bar seating, great for chatting or hosting while cooking. There are granite countertops, a gas stove, and modern appliances. The gas fireplace is the centerpiece of the living room area. The space is large enough to have multiple layouts depending on your priorities. This unit is great for a solo person or a couple. There is space for 1 person to comfortably work from home (or 2 if the guest bedroom doubled as an office). The occupancy limit is 2 adults and 1 child. Timing: Ideal move in is early November 2024 with an 18 month lease through May 31, 2025. However, I am open to conversations on the move in date and length of the lease (minimum of 12 months). Pets: Cats and dogs allowed (up to 2) with owners approval and must adhere to building HOA rules. Pet deposit of 50% of 1 month's rent, fully refundable at move out. Laundry: In-unit front-loading washer and dryer, new machines in 2023. Large and very nice! Parking: 1 parking spot in heated garage with elevator access. Gym: In building gym, it is small but well equipped - treadmill, pilates reformer, free weights, and more. Televisions and speakers. It is rare that there is more than 1 person there at a time. Utilities: Water, trash, recycling, and sewer are included. Renter pays for electricity, gas, and wifi. Internet options: Madison Lofts is set up with Xfinity and Implex ($50/month, no taxes or fees, at least 100Mb up and down, never throttled). Community: The building is quite friendly with an active Home Owners Association. There are planned events and often impromptu gatherings in the front patio or lobby area. If you email the building for a cup of sugar, you will have multiple responses within the hour! For context: I lived here for 4 years and have loved it! For family reasons, I am moving to St Paul and do not plan to move back in, so I am looking for a long term renter(s). Application Process: Please "Request a Tour" if you are interested and I will get back to you within 1 day. If you are interested after the tour and we align on a timeline, then I will ask for an application fee of $40 via electronic transfer (venmo / zelle). The application fee is the final step and it is only to cover the cost of the background check and credit check. I will also ask for a copy of all tenets drivers licenses and income verification (to confirm that monthly income is 3x monthly rent). Credit check is a consideration but I understand that it does not tell the entire picture. I am open to a co-signer, who would also need to go through the application review process. Utilities: Water, trash, recycling, and sewer are included. Renter pays for electricity, gas, and wifi. No smoking indoors or on the balcony. Must adhere to all HOA rules.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: []
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Microwave, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Storage, Walk In Closet
    • Flooring: Carpet, Hardwood
    Interior area
    • Total interior livable area: 1,360 sqft

    Property

    Parking
    • Parking features: Attached
    • Has attached garage: Yes
    • Details: Contact manager
    Accessibility
    • Accessibility features: Disabled access
    Features
    • Exterior features: Bicycle storage, Electricity not included in rent, Garbage included in rent, Gas not included in rent, Heating system: Forced Air, Sewage included in rent, Utilities fee required, Walk In Closet, Water included in rent
    Details
    • Parcel number: 1402924120250

    Construction

    Type & style
    • Home type: Apartment
    • Property subtype: Apartment

    Utilities & green energy

    • Utilities for property: Garbage, Sewage, Water

    Community & HOA

    Community
    • Features: Fitness Center
    • Deposit fee: $3,100
    • Pet deposit fee: $1,550
    HOA
    • Amenities included: Fitness Center
    Location
    • Region: Minneapolis

    Financial & listing details

    • Price per square foot: $311/sqft
    • Tax assessed value: $423,000
    • Annual tax amount: $6,185
    • Date on market: 8/14/2024
    • Date available: 10/13/2024
    • Lease term: 1 Year

    Price history

    DateEventPrice
    8/27/2024Listing removed$3,100$2/sqft
    Source: Zillow Rentals Report a problem
    8/14/2024Listed for rent$3,100$2/sqft
    Source: Zillow Rentals Report a problem
    11/6/2020Sold$390,000+0%$287/sqft
    Source: NorthstarMLS as distributed by MLS GRID #5640965 Report a problem
    10/12/2020Pending sale$389,900$287/sqft
    Source: Toft Realty LLC #5640965 Report a problem
    9/16/2020Price change$389,900-1.3%$287/sqft
    Source: Toft Realty LLC #5640965 Report a problem
    8/31/2020Price change$395,000-2.5%$290/sqft
    Source: Toft Realty LLC #5640965 Report a problem
    8/20/2020Listed for sale$405,000+3.8%$298/sqft
    Source: Toft Realty LLC #5640965 Report a problem
    6/6/2019Sold$390,000-2.5%$287/sqft
    Source: NorthstarMLS as distributed by MLS GRID #5193915 Report a problem
    6/4/2019Pending sale$400,000$294/sqft
    Source: eXp Realty #5193915 Report a problem
    4/22/2019Price change$400,000-5.9%$294/sqft
    Source: eXp Realty #5193915 Report a problem
    3/1/2019Listed for sale$425,000+12%$313/sqft
    Source: eXp Realty #5193915 Report a problem
    3/16/2018Sold$379,600-5.1%$279/sqft
    Source: NorthstarMLS as distributed by MLS GRID #4901013 Report a problem
    1/16/2018Listed for sale$399,900$294/sqft
    Source: BRIX Real Estate #4901013 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,185 +5.8%$423,000
    2024$5,848 +7.1%$423,000 -5.6%
    2023$5,460 -2.7%$448,000 +8%
    2022$5,614 +12.5%$415,000 +4%
    2021$4,989 -9%$399,000 +6.1%
    2020$5,481 +9.9%$376,000
    2019$4,989 -9%$376,000 +6.1%
    2018$5,481 +12.1%$354,500 +21.8%
    2017$4,889 +12.7%$291,000 +15.7%
    2016$4,339 +14%$251,500 +4.8%
    2015$3,806 +0.4%$240,000
    2014$3,790 -7.1%$240,000
    2013$4,082 +2.6%$240,000
    2012$3,980 -0.9%$240,000
    2011$4,017 +3.5%$240,000 -9.7%
    2010$3,881 -1.2%$265,700
    2009$3,930 $265,700
    Find assessor info on the county website

    Neighborhood: Logan Park

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $423,100
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $423,100