For Sale: Minneapolis MLS# 7121234
Active
NEW!
$450,000
Multi-family: Duplex Side by Side
4 br • 2 ba • Built 1968
2,190 sqft • 0.119 acres
Minneapolis schools
MLS# 7121234
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Property Description
Welcome to 435 Madison Street NE, an incredible Northeast Minneapolis duplex that’s ready for its next owners! Tucked away on a quiet dead-end street, this property offers a wonderful combination of neighborhood privacy while keeping you close to everything that makes Northeast Minneapolis such a desirable place to live.
Each unit features 2 bedrooms and 1 full bath, along with a spacious kitchen and comfortable living spaces. A major bonus—each unit has its own private laundry, adding convenience for both owner-occupants and tenants. Whether you're looking to live in one unit and rent the other, add a solid property to your investment portfolio, or create a multi-generational living arrangement, this duplex offers plenty of possibilities.
And then there’s the location! Northeast Minneapolis—affectionately known as “Nordeast”—is known for its unique mix of historic neighborhoods, local restaurants, breweries, coffee shops, galleries and independent businesses. The area is home to the nationally recognized Northeast Minneapolis Arts District, with hundreds of local artists, studios and galleries.
Spend an afternoon exploring the studios at Northrup King Building, grab dinner at neighborhood favorites such as Diane's Place or Centro, or enjoy the restaurants, shops and nightlife along Central and East Hennepin. Northeast is also known for its impressive concentration of breweries, restaurants and locally owned establishments.
When you want to get outside, head toward the Mississippi River and the Northeast Riverfront, where trails, parks and historic St. Anthony Main provide plenty of opportunities for walking, biking and exploring. Historic Stone Arch Bridge and the riverfront are nearby destinations, with beautiful views of downtown Minneapolis and easy access to the city's extensive trail system. Quiet street. Two complete units. Private laundry. Walkable Northeast lifestyle. 435 Madison Street NE is a fantastic opportunity to own a duplex in one of Minneapolis' most vibrant and distinctive neighborhoods.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$450,000
Price per sq ft:
$205
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1968
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55413
Neighborhood/Area:
71
Subdivision Name:
Sibley Add To St Anth
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
2,190 ft2
Living Area:
2,190 ft2
Basement Details:
Block
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,080 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
On-Street Parking Only
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.119
Geolocation:
44.994291, -93.253331
Lot Dimensions:
129.5 x 40
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
$1,800
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,889
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,545
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$9,230
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$9,230
Income
Annual Gross Income:
$28,275
Rent
Annual Net Income:
$19,418
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.