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#6712674, Listing office: Realty ONE Group Choice
$789,000 List price
1428 Madison St NE Minneapolis, MN 55413
5,317 sqft
$148 / sqft
Multi-Family
Property details
About 1428 Madison St NE
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.
Highlights
Home typeQuadruplex
HeatingForced Air
StatusActive
Size5,317 sqft
BasementYes
Year built1894
MLS #6748735
Garage4 spaces
Summary
- Basement: Yes
- Garage Space: 4 spaces
- Heating: Forced Air
- List Price: $789,000
- Price/SqFt: $148
- Annual Tax Amount: $9,757
- Tax Year: 2023
- 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.
- Year Built: 1894
- Living Area: 5,317 SqFt
- MLS Number: 6748735
- MLS Name: NORTHSTAR
- Office Name: MRG Realty Partners, LLC
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Last updated on: 7/24/2025, 12:52:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 19, 2022 | Home Sold | $700,000 |
| Nov 12, 2020 | Home Sold | $580,000 |
| May 21, 2013 | Home Sold | $282,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $610,000 | $9,757 |
| 2022 | $488,000 | $7,856 |
| 2021 | $488,000 | $8,289 |
| 2020 | $488,000 | $7,972 |
| 2019 | $443,500 | $7,839 |
| 2018 | $396,000 | $7,187 |
| 2017 | $366,500 | $6,720 |
History based on county public records data.
Nearby schools
1
Sheridan Elementary School
Public Magnet PK-5
0.5 mi
•1201 University Ave NE
3
Webster Community School
Public District PK-5
0.6 mi
•425 5th St NE
2
Banaadir Elementary School
Public Charter KG-4
0.7 mi
•1800 2nd St NE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $56,317. The majority of Minneapolis, MN residents have income between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
30%
<35k
56%
35k-100k
11%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
62%
Single, No Kids
10%
Single, with Kids
18%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
5%
12-17 yrs old
43%
18-34 yrs old
36%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Tennis
Music Concerts
Major League Soccer (MLS)
Where do the neighbors shop?
Crate & Barrel
H&M
Banana Republic
Where do the neighbors go to eat?
Starbucks
Chipotle
Jack In The Box
What do the neighbors drive?
BMW
Volkswagen
Toyota
What do the neighbors listen to?
News
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1428 Madison St NE
The listing price of 1428 Madison St NE property is $789,000.
The property 1428 Madison St NE is a multi located in Minneapolis, Minnesota, 55413.
Active Listing: 1428 Madison St NE is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1428 Madison St NE are: Sheridan Elementary School (GreatSchools Rating 1/10), Webster Community School (GreatSchools Rating 3/10), Banaadir Elementary School (GreatSchools Rating 2/10), New City School (GreatSchools Rating 4/10), Yinghua Academy (GreatSchools Rating 8/10), Northeast Community Middle School (GreatSchools Rating 2/10), Edison High School (GreatSchools Rating 3/10), Menlo Park Academy (GreatSchools Rating 1/10), Mts Pease Academy (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $9,757 (source: MLS/based on county public records data).
The last sale was on August 19, 2022 for $700,000 (source: MLS/tax record).
The property 1428 Madison St NE is 5,317 SqFt (source: MLS/tax record).
The year of construction for 1428 Madison St NE is 1894.
This home is located at 1428 Madison St NE in Minneapolis, MN and zip code 55413 in the Logan Park neighborhood. This 5,317 square foot home was built in 1894. Features: 0 bathroom. It has been listed on Rocket Homes since July 8, 2025 and is currently priced at $789,000.
While more than 634 listings in Minneapolis, MN in June 2025 were sold above asking price, there were more than 245 listings sold at asking price, and more than 363 were sold below. The inventory of homes for sale in Minneapolis, MN between May and June 2025 increased by 3.4%. In June 2025, listings were on the market for 23 days. During the same period, the median list price in this real estate market was $359,091.
From Rocket Homes Real Estate and based on county public records data.