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 $674,999
Investment Overview
Price improved to $674,999. A true hybrid: three of the four units were taken to high-end condition in the 2016 renovation, while the rest is upside you can see. The fourth unit is original and ready for a remodel. Both 1-bedrooms are large and convert easily to 2-bedrooms, and the existing 2-bedroom is the same floor plan, so the conversion is already proven in this building. The lower level has a fully finished bathroom, an egress window and its own meter, and needs a kitchen to become a fifth unit, taking the building from 7 bedrooms to as many as 10 (buyer to verify conforming use with the City). The showpiece is a two-level 3bd/2ba with its own central A/C, a loft, heated tile bath and private balcony. Rents sit under market, the 2-bedroom is being vacated and can be delivered empty, and both 1-bedrooms roll to month-to-month October 1, so a new owner has control from day one. Coin laundry, four large storage units not currently charged for, porch, deck and 8 off-street parking spots.


