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$800,000

10 Beds 6 Baths 6,404 SQFT 0.11 Acres
Type: Commercial

510 5th Street
Jackson, MN 56143

MLS#: 7062999
Jeremy Ellingson
Jeremy Ellingson
The Real Estate Advantage
Broker Associate
Phone: 612.889.7162
Office: 763.755.1100
Presented by: Edina Realty, Inc.

Property Description

 

Fully renovated 5-unit multifamily investment opportunity offering immediate cash flow, plus a separate single-family home for a total of 6 units. The multifamily building has been thoughtfully reimagined with modern upgrades and strong income stability. Unit mix includes one 3BR/1.5BA open-concept unit, three 2BR/1BA units, and one 1BR/1BA with balcony access. Extensive renovations include new flooring, updated wiring, new electrical systems, and new plumbing throughout. Mechanical improvements feature five new HVAC systems and four on-demand water heaters. Each unit has its own breaker box and is separately metered. Unit 6 is a 4BR/1.5BA single-family home with original character, abundant storage, and a tuck-under garage. All units are occupied with leases in place, creating a turnkey investment with long-term value.


 

Interior Features

Bedrooms

Total Bedrooms10

Bathrooms

Total Baths6

Other Interior Features

BasementShared Access, Storage/Locker
Basement (Y/N)No
Foundation Dimensions52 x 64
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Description232001980
Additional Parcels Y/NYes
AppliancesDishwasher, Range, Refrigerator, Tankless Water Heater
CityJackson
Construction MaterialsBlock, Frame
ContingencyNone
CoolingCentral Air, Window Unit(s)
CountyJackson
Current UseResidential
DirectionsHwy 71 into Jackson from the North. Turn west at Sheridan St. Property is on the corner of 5th St and Sheridan St.
Garage Spaces2
HeatingForced Air, Hot Water
High School DistrictJackson County Central
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
New ConstructionNo
Number Of Units Total5
OwnerPaysGas, Grounds Care, Sewer, Snow Removal, Trash Collection, Water
PostalCityJackson
Property TypeCommercial Sale
RoofAsphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameOriginal Town-Jackson
Tax Annual Amount$1,078
Tax Year2026
Tenant PaysCable TV, Electricity, Telephone, Water
UtilitiesElectric Separate, Heating Separate, Hot Water Separate
Year Built1961
Zoning DescriptionResidential-Single Family

Exterior

Building Area Total6,404 sqft
Foundation Area3,202 sqft
InclusionsBuilding
Lot Dimensions99 x 82
Lot FeaturesCorner Lot
Lot Size Area0 sqft
Parking FeaturesTuckunder Garage, Unassigned
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Middle School N/A
Elementary School N/A

  

Similar Properties

$800,000

10 Beds 6 Baths 6,404 SQFT 0.11 Acres
Type: Commercial

510 5th Street
Jackson, MN 56143

MLS#: 7062999
Jeremy Ellingson
Jeremy Ellingson
The Real Estate Advantage
Broker Associate
Phone: 612.889.7162
Office: 763.755.1100