444-446 Madison Street NE
Minneapolis, MN 55413
$825,000 - 71
Gorgeous Italianate building in the heart of Northeast with exceedingly-low vacancy rate (less than 30 days of vacancy between all units in the past 16 years). Hardwood floors, exposed brick, stained glass, and beautiful architecture create beautiful homes for your tenants. Private laundry in 3 units and 1 in basement. Large kitchens, front porch, shared rear porches, 3 garage spaces, plenty of off-street parking, and secured storage rooms for each unit make this an excellent opportunity for investors who want steady rental income. This building is turn-key with NOTHING to be done. Tier 1 rental license to-boot. Current leases are MTM but 3 of 4 tenants have been there for over two years.
Listing Courtesy of: Luke Real Estate
612-599-4677
| Listing Id: | 7105425 |
|---|---|
| List Price: | $825,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Fourplex |
| Status: | Active |
| Bedrooms Total: | 8 |
| Bathrooms Full: | 4 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Living Area: | 3,560 |
| Tax Annual Amount: | $11,187 |
| Waterfront?: | No |
| City: | Minneapolis |
| Neighborhood: | 71 |
| County Or Parish: | Hennepin |
| Subdivision Name: | Sibley Add To St Anth |
| Postal Code: | 55413 |
| Year Built: | 1888 |
| Number Of Units Total: | 4 |
| Above Grade Finished Area: | 3,560 |
| Accessibility Features: | None |
| Association Amenities: | Porch |
| Basement: | Yes |
| Basement: | Owner Access, Shared Access, Storage/Locker, Storage Space, Unfinished |
| Bathrooms Total Integer: | 4 |
| Building Area Total: | 5716 |
| Construction Materials: | Frame |
| Directions: | Washington St NE to east on Spring ST NE to south on Madison to building on the west side of Madison. |
| Electric: | Circuit Breakers, 100 Amp Service |
| Fencing: | None |
| Foundation Area: | 2,156 |
| Fuel Expense: | 0 |
| Garage Spaces: | 3 |
| Gross Income: | $85,860 |
| Heating: | Forced Air, Radiator |
| High School District: | Minneapolis |
| Insurance Expense: | $4,008 |
| Laundry Features: | In Basement, Electric Dryer Hookup, Gas Dryer Hookup, In Unit |
| Levels: | Two |
| Listing Contract Date: | 2026-07-10 |
| Living Area Units: | Square Feet |
| Lot Features: | Public Transit (w/in 6 blks) |
| Lot Size Area: | 0.15 |
| Lot Size Dimensions: | 52 x 129.5 |
| Lot Size Units: | Acres |
| Maintenance Expense: | $1,200 |
| Manager Expense: | $1,320 |
| Net Operating Income: | $63,345 |
| Assessment Pending: | No |
| DPResource: | Yes |
| Expected Market Date: | 2026-07-15 |
| Foreclosure Status: | No |
| Foundation Dimensions: | 54 x 40 |
| Fractional Ownership Yn: | No |
| Fuel: | Natural Gas |
| Garage Dimensions: | 30 x 20 |
| Garage Door Height: | 7 |
| Garage Door Width: | 9 |
| Garage Square Feet: | 600 |
| Lender Owned: | No |
| Owner Occupied: | No |
| Potential Short Sale: | No |
| Yearly/Seasonal: | Yearly |
| Number of Refrigerators: | One Per Unit |
| Rental License Type: | Standard |
| School District Number: | 1 |
| School District Phone: | 6126680000 |
| Tax With Assessments: | $11,187 |
| Operating Expense: | $11,328 |
| Other Expense: | $600 |
| Owner Pays: | Exterior Maintenance, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection, Water |
| Parcel Number: | 1402924430038 |
| Parking Features: | Detached Garage, Concrete |
| Pool Features: | None |
| Postal City: | Minneapolis |
| Public Survey Range: | 24 |
| Public Survey Section: | 14 |
| Public Survey Township: | 29 |
| Road Frontage Type: | City Street, Curbs, No Outlet/Dead End, Sidewalks |
| Road Responsibility: | Public Maintained Road |
| Roof: | Flat, Rubber |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2026 |
| Tenant Pays: | Cable TV, Electricity, Gas |
| Trash Expense: | $2,205 |
| Water Sewer Expense: | $1,995 |
| Water Source: | City Water/Connected |
| Zoning Description: | Residential-Multi-Family |
| Township: | Minneapolis |
| Above Grade Sq Ft Total: | 3560 |
| Below Grade Sq Ft Total: | 2156 |
| Main Level Finished Area: | 1880 |
| Patio Porch Type: | Glass Enclosed, Rear Porch |
| Total Area: | 5,716 |
| Exterior Features: | Stucco |
| Foundation Details: | Stone |
| Rental License?: | Yes |
| School District Full Name: | 1 - Minneapolis |
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Regional Multiple Listing Service of Minnesota, Inc data last updated on October 08, 2026 04:23 PM - CT
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Property Last Updated: October 08, 2026 04:23 PM - CT
