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Quadplex with Four-Stall Garage
For Sale
Contact for pricing
Pending

1428 NE Madison St, Minneapolis, MN 55413

Fully occupied corner-lot property with separate utilities and private heating for each residence.

Property SizeContact for details
Days on Market145

Property Features for 1428 NE Madison St

General Information

Standard status Pending
Total Parking Spaces 4
Property subtype Multifamily
Occupancy 100%

Property Condition

Severity Repairs Needed
Evidence light cosmetic updates

Units

Unit Mix 4 x 1BR
Multifamily Units 4

Additional Details

Utilities to Site Yes

Amenities

large yard

Building Details

Buildings 1
Tenancy Multi
Listing Agency: MRG Realty Partners
Listed By: Doug McNicoll · License #40492260
Source: Crexi
Added: Apr 13 Changed: Sep 1 Last Checked: Sep 1 at 9:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MRG Realty Partners

Investment Insights

Based on property information with market context.

This four-unit residential income property at 1428 NE Madison St includes four occupied one-bedroom apartments. Each residence has its own energy-efficient furnace and separately metered electric service. The property also provides a four-stall garage, a large yard, and a corner-lot setting.

The building is located in Minneapolis, one block from a park. Its configuration combines four individual apartments with dedicated heating and electric service, along with practical garage and outdoor space. The property is fully rented and includes light cosmetic update potential noted in the listing information.

Key Highlights

  • Four fully rented 1‑bedroom units
  • Each unit has an energy‑efficient furnace and separate electric service
  • 4‑stall garage included

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Locksmith Storage Facility HVAC Service Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,744
Businesses Nearby

Demographics for 55413, MN

13,914
Population
8,080
Households
1.7
Avg Household Size
34
Median Age
58%
College-Educated
95%
High-School Grad
3.1 sq mi
ZIP Area
4,488
Density / Sq Mi
$84,252
Median Household Income
$57,091
Median Earnings
$1,497
Median Rent
$354,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Fully occupied corner-lot property with separate utilities and private heating for each residence.
Where is this quadplex located?
The property is located at 1428 NE Madison St Minneapolis, MN.
What are key features of this property?
This property features: Four fully rented 1‑bedroom units; Each unit has an energy‑efficient furnace and separate electric service; 4‑stall garage included
(651) 900-4386 Call to check price and availability
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