Turnkey Fourplex with Expansion
2524 Northeast Jackson Street, Minneapolis, MN 55418
New
Fully renovated, 100% occupied fourplex with in-place income and documented opportunity to reconfigure for additional units.
Type:Multifamily
- Added:
- Jul 2, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 4 at 3:38 am
Property Features for 2524 Northeast Jackson Street
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1891
Listing office MRG Realty Partners
Listing date Jul 2, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of MRG Realty Partners
HighLights
- 100% occupied fourplex (Year Built 1891) with $5,510/month in‑place income ($66,120/year), and leases rolling through 2026.
- 2016 renovation: three of the four units updated with newer furnaces and water heaters, hardwood floors, and updated kitchens.
- Separate metering for all units; tenants pay their own electric and gas, while ownership covers water, sewer, and trash.
- Top unit is a two‑level 3BD/2BA with central air, a finished loft space, and a bathroom with heated tile floors plus a private balcony.
- Value‑add reconfiguration: convert two 1‑bedroom units to 2‑bedrooms and remodel the remaining unit to add a 2‑bedroom; potential to add a 5th unit.
- Additional income noted: on‑site coin laundry (owner‑owned machines) and basement storage rooms are not currently billed.
Overview
This fully renovated, 100% occupied fourplex was upgraded in a 2016 renovation that brought three of the four units to high-end, turnkey condition. Improvements include newer furnaces and water heaters, hardwood floors, and updated kitchens. The top unit is a two-level, premium 3-bedroom, 2-bath layout with its own central air conditioning, a bright loft, a finished upper-level bathroom with heated tile floors, and direct access to a private balcony. Residents also share a welcoming front porch and a rear deck. The remaining unrenodeled unit is a blank canvas that can be updated to match the others, with room to reconfigure to a two-bedroom.
Located in the Holland neighborhood of Northeast Minneapolis within the Northeast Minneapolis Arts District, the property benefits from a strong walkable arts-and-dining area. The Northrup King Building, a large art complex with hundreds of studios, is located down the block. Access to nearby retail and entertainment along the Central Avenue corridor and surrounding arts venues supports day-to-day convenience for residents.
From a leasing and ownership standpoint, the building is separately metered, with residents paying their own electric and gas while the owner covers water, sewer, and trash. Existing income includes on-site coin laundry and basement storage rooms that are not currently being billed. A unit is coming available now, creating a practical owner-occupant option while preserving the documented path to expand bedroom count through unit conversions and a lower-level non-conforming space already built with a finished bathroom, separate utilities, and additional infrastructure.
Located in the Holland neighborhood of Northeast Minneapolis within the Northeast Minneapolis Arts District, the property benefits from a strong walkable arts-and-dining area. The Northrup King Building, a large art complex with hundreds of studios, is located down the block. Access to nearby retail and entertainment along the Central Avenue corridor and surrounding arts venues supports day-to-day convenience for residents.
From a leasing and ownership standpoint, the building is separately metered, with residents paying their own electric and gas while the owner covers water, sewer, and trash. Existing income includes on-site coin laundry and basement storage rooms that are not currently being billed. A unit is coming available now, creating a practical owner-occupant option while preserving the documented path to expand bedroom count through unit conversions and a lower-level non-conforming space already built with a finished bathroom, separate utilities, and additional infrastructure.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2496333
- Latitude
- 45.0140585
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully renovated, 100% occupied fourplex with in-place income and documented opportunity to reconfigure for additional units.
Where is this quadplex located?
The property is located at 2524 Northeast Jackson Street Minneapolis, MN.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 100% occupied fourplex (Year Built 1891) with $5,510/month in‑place income ($66,120/year), and leases rolling through 2026.; 2016 renovation: three of the four units updated with newer furnaces and water heaters, hardwood floors, and updated kitchens.; Separate metering for all units; tenants pay their own electric and gas, while ownership covers water, sewer, and trash.
