2524-2526 Jackson St NE
Minneapolis, MN 55418
Executive Summary
- Property Type Multifamily
- Address 2524-2526 Jackson St NE Minneapolis, MN 55418
- Submarket Holland, Northeast Minneapolis (Arts District)
- Units 4
- Unit Mix 1x 3BR/2BA, 1x 2BR/1BA, 2x 1BR/1BA (7 beds | 5 baths)
- Lot Size 8,369 SF / 0.19 acre
- Occupancy 100%
- Year Built 1891 (Fully Renovated 2016)
- Price $699,900
Investment Overview
A turnkey, 100% leased fourplex in the coveted Holland neighborhood of Northeast Minneapolis, taken to high-end finishes in a full 2016 renovation. In-place rents sit well under market with leases rolling through late 2026 into early 2027, handing the next owner built-in income growth from day one. Better still, a clear value-add path grows the building from 7 bedrooms to as many as 10 by finishing the already existing lower-level space into a bonus unit. Turnkey buyers get a clean, cash-flowing asset. Value-add buyers get a five-unit project hiding inside a four-unit price.
Fully renovated 3 of 4 units in 2016: hardwood floors, updated kitchens, newer well-maintained furnaces and water heaters.
Premium top-floor unit: two-level 3BR/2BA with a private balcony, a flexible loft, heated-tile bath, and its own central A/C.
100% leased with in-place rents under market; leases roll through 2026 for a natural reset.
Value-add path from 7 bedrooms to 10: convert both 1-beds to 2- beds and finish the lower level as a bonus unit.
Separately-metered lower level already has a finished bath, its own furnace, and a water heater; needs only a kitchen.
Owner-owned coin op laundry and basement storage units that are not being charged to the tenants.
Off street parking lot in rear alley way.
Great outdoor common areas including a large deck, patio, covered front porch, and fire pit area.
Holland neighborhood in the Northeast Arts District, voted #1 Arts District in America; walk to Central Ave.
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