1428 Madison St NE - Apartments FOR SALE


Minneapolis, MN 55413- Logan Park
$789,000 USD
651-900-4386
1428 Madison St NE, Minneapolis, MN for Sale
$789,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

1428 Madison St NE
Minneapolis, MN 55413
Logan Park


OVERVIEW

Call Listing Agent MaryPat (406)291-9103 for more information Or Call Luke at (651)428-7814 for more information! 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.

FOR SALE DETAILS

PRICE

$789,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

4

PRICE/UNIT

$197,250

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1894

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R2B

APN/PARCEL ID

14-029-24-12-0008

ASK ABOUT THIS PROPERTY

Doug McNicollMRG Realty PartnersMore Info
651-900-4386

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Doug McNicollMRG Realty PartnersMore Info
651-900-4386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.