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Turnkey Fourplex with Expansion Path
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2524 Northeast Jackson Street, Minneapolis, MN 55418

Fully renovated, 100% occupied fourplex with in-place income and documented opportunity to reconfigure for additional units.

Property SizeContact for details
Days on Market51

Property Features for 2524 Northeast Jackson Street

General Information

Standard status Active
Class C
Total Parking Spaces 8
Property subtype Multifamily
Occupancy 100%
Net Operating Income $34,936

Additional Details

Business Included Yes
Multifamily Units 4

Building Details

Year Built 1891
Year Renovated 2016
Buildings 1
Units 4
Tenancy Multi
Listing Agency: MRG Realty Partners
Listed By: Nate Schammel · License #40691605
Source: Crexi
Added: Jul 2 Changed: Aug 21 Last Checked: Aug 19 at 5:17PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MRG Realty Partners

Investment Insights

Based on property information with market context.

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.

Key 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.

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Electrical Service (Bike/Boat/Book/etc) Store Home Appliance Store Dental Office Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

931
Businesses Nearby

Demographics for 55418, MN

31,887
Population
14,859
Households
2.1
Avg Household Size
37
Median Age
51%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
4,555
Density / Sq Mi
$95,630
Median Household Income
$56,491
Median Earnings
$1,349
Median Rent
$332,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

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 $674,999.
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.
(619) 756-5718 Call to check price and availability
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