2524 Jackson Street NE, Minneapolis, MN 55418
- $674,999
- 7
- BD
- 5
- BA
- 4,215
- SqFt
- List Price
- $674,999
- Price Change
- ▼ $24,901 1786224409
- MLS#
- 7097885
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 7
- Bathrooms
- 5
- Living Area
- 4,215
- Acres
- 0.19
- Subdivision
- Menages Sup To East Side Add
- Neighborhood
- 33
- Year Built
- 1891
Property Description
The 2016 renovation went to the bones: new foundation, all new electric, plumbing and HVAC, a third floor and a full basement. Three of the four units were finished high-end, and the showpiece is a two-level 3bd/2ba with its own central A/C, a loft, heated tile bath and private balcony. The 2-bedroom is vacant 8/31, so an owner occupant can move in. The fourth unit is still original, and that is where the rest of the upside starts. 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 here. The lower level has a finished bathroom, an egress window and 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). All rents are below market and both 1-bedrooms roll to month-to-month October 1, so there is value to capture day one. Four storage units not billed, porch, deck and 8 off-street parking.
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Additional Information
- School District
- Minneapolis
- Amenities Shared
- Laundry, Coin-op Laundry Owned, Deck, Patio, Porch
- Tax Year
- 2026
- Fencing
- None
- Fuel
- Natural Gas
- Sewer
- City Sewer/Connected
- Roof
- Asphalt, Pitched
- Heating
- Forced Air
- Water
- City Water/Connected
- Basement
- Full
- Parking
- Shared Driveway, Parking Lot
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Listing courtesy of MRG Realty Partners, LLC.
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