2524 Jackson Street NE, Minneapolis, MN 55418 (MLS# 7097885)


$699,900
2524 Jackson Street NE
Minneapolis, MN 55418
MLS# 7097885
Status: Coming Soon
7 beds  |  5 baths  |  4400 sqft


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Property Description
Impeccably renovated, turnkey fourplex in the Holland neighborhood of Northeast Minneapolis, 100% leased and in immaculate condition. Three of the four units carry high-end finishes from a full 2016 renovation: hardwood floors, updated kitchens, and newer furnaces and water heaters. The showpiece is a two-level, premium top floor 3-bed/2-bath unit with its own central A/C, a flexible upper-level loft (home office, den or lounge), a heated-tile bathroom, a shared deck on the main level and a private balcony on the upper level. Every unit is separately metered, including the unfinished lower level; tenants pay their own electric and gas, owner covers water, sewer and trash. Shared front porch and rear deck, on-site coin laundry, off-street parking, and unbilled basement storage. The upside is real. In-place rents sit under market with leases rolling through 2026, the two 1-beds convert easily to 2-beds, with all units being separately-metered including the lower level which already has a finished bathroom plus its own furnace and water heater, needing only a kitchen to become a 5th unit, taking the building from 7 bedrooms to as many as 10. One unit is opening up now, a rare chance for an owner-occupant to move in. Walk to Central Ave, breweries, galleries and restaurants. See it in person.

Details
Maps
Contract Information
Status: Coming Soon
Contingency: None
Current Price: 699900
Original List Price: 699900
ListPrice: 699900
List Date: 2026-07-01
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1891
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 7
Baths Total: 5
Main Floor Total SqFt: 1100
Above Ground SqFt: 3300
Below Grd Total SqFt: 1100
Total SqFt: 4400
Foundation Size: 1100
Style: (MF) Four Plex
Total Finished Sqft: 3300.00
Lot Dimensions: 46’x182’
Acres: 0.19
Assessment Pending: No
Location Tax and Other Information
House Number: 2524
Street Name: Jackson
Street Suffix: Street
Street Direction Suffix: NE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55418
Complex/Dev/Subdivision: Menages Sup To East Side Add
Assessments
Tax With Assessments: 10763
Building Information
Finished SqFt Above Ground: 3300
Income and Expenses
Annual Electric Expense: 823
Annual Fuel Expense: 80
Annual Gross Expenses: 35009
Annual Gross Income: 66120
Annual Maintenance Expense: 265
Annual Net Income: 31111
Annual Repair Expense: 8283
Annual Trash Expense: 1881
Annual Water/Sewer Expense: 3272
Total Annual Expenses: 35009
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 11
Township#: 29
Unit 1
Furnished?: No
Lease Expiration Date: 2027-03-31
Leased?: Yes
Level: 2nd Level
Unit Number: 1
Annual Rent: 22980
Finished SqFt: 1200
Full Baths: 2
Monthly Expense: 729
Monthly Rent: 1915
No. of Units Like This: 1
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 6
Unit 2
Furnished?: No
Lease Expiration Date: 2026-08-31
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 14880
Finished SqFt: 700
Full Baths: 1
Monthly Expense: 729
Monthly Rent: 1240
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 4
Unit 3
Furnished?: No
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Main Level
Unit Number: 3
Annual Rent: 15180
Finished SqFt: 700
Full Baths: 1
Monthly Expense: 729
Monthly Rent: 1265
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 4
Unit 4
Furnished?: No
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: 2nd Level
Unit Number: 4
Annual Rent: 13080
Finished SqFt: 700
Full Baths: 1
Monthly Expense: 729
Monthly Rent: 1090
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Details
Total Units: 4
Property Features
Accessible: None
Amenities Shared: Coin-op Laundry Owned; Common Laundry Facility; Deck; Patio; Porch
Basement: Full
Construction Materials: Frame
Construction Status: Previously Owned
Electric: 100 Amp Service; Circuit Breakers
Exterior: Stucco
Fencing: None
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
Laundry: Common Area; In Basement; Sink
Lock Box Type: Combo
Owner Pays: Sewer; Trash Collection; Water
Parking Characteristics: Parking Lot; Driveway - Shared
Pool Description: None
Rental License Type: Standard
Roof: Asphalt Shingles; Pitched
Sellers Terms: Cash; Conventional; FHA; VA
Sewer: City Sewer/Connected
Tenant Pays: Electricity; Gas; Heat
Unit 1 Amenities: Balcony; Ceiling Fan(s); Deck; Hardwood Floors; Kitchen Center Island; Tile Floors
Unit 1 Appliances: Dishwasher; Microwave; Range; Refrigerator
Unit 1 Cooling: Central
Unit 2 Cooling: Window
Unit 3 Appliances: Dishwasher; Range; Refrigerator
Unit 3 Cooling: Window
Unit 4 Appliances: Dishwasher; Range; Refrigerator
Unit 4 Cooling: Window
Water: City Water/Connected

Listing Office: MRG Realty Partners, LLC

Last Updated: July - 01 - 2026

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Thursday 2nd of July 2026 03:53 AM

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