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$825,000

8 Beds 4 Baths 3,560 SQFT 0.15 Acres
Type: Multi-Family

444-446 Madison Street NE
Minneapolis, MN 55413

MLS#: 7105425
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800
Presented by: Luke Real Estate

Property Description

 

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.


 

Interior Features

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area3,560 sqft
BasementOwner Access, Shared Access, Storage/Locker, Storage Space, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
Foundation Dimensions54 x 40
FuelNatural Gas
Garage Dimensions30 x 20
Garage Door Width7 sqft
Garage Square Feet600
Laundry FeaturesIn Basement, Electric Dryer Hookup, Gas Dryer Hookup, In Unit

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesPorch
CityMinneapolis
Construction MaterialsFrame
ContingencyNone
CountyHennepin
DirectionsWashington St NE to east on Spring ST NE to south on Madison to building on the west side of Madison.
ElectricCircuit Breakers, 100 Amp Service
Electric Expense0
Fuel Expense0
Garage Spaces3
Gross Income85860
HeatingForced Air, Radiator
High School DistrictMinneapolis
Insurance Expense4008
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area3,560 sqft
Lot Size UnitsAcres
MaintenanceExpense1200
Net Operating Income63345
New ConstructionNo
Number Of Units Total4
Operating Expense11328
OwnerPaysExterior Maintenance, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection, Water
Pool FeaturesNone
PostalCityMinneapolis
Property SubtypeFourplex
Property TypeResidential Income
RoofFlat, Rubber
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameSibley Add To St Anth
Tax Annual Amount$11,187
Tax Year2026
Tenant PaysCable TV, Electricity, Gas
Trash Expense2205
Virtual TourClick here
Water Sewer Expense1995
Year Built1888
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total5,716 sqft
FencingNone
Foundation Area2,156 sqft
Lot Dimensions52 x 129.5
Lot FeaturesPublic Transit (w/in 6 blks)
Lot Size Area0 sqft
Parking FeaturesDetached Garage, Concrete
Road Frontage TypeCity Street, Curbs, No Outlet/Dead End, Sidewalks
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$825,000

8 Beds 4 Baths 3,560 SQFT 0.15 Acres
Type: Multi-Family

444-446 Madison Street NE
Minneapolis, MN 55413

MLS#: 7105425
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800