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    823 S 22nd St Milwaukee, WI 53204

    For Sale
    $500,000

    Excellent Clarke Square investment opportunity. Eight 1-bedroom units, value-add potential.

    Property size:
    6,100 SF

    Description

    Added:
    Jan 17, 2025
    Days on Market:
    328
    This exceptional 8-unit multifamily property is located in Milwaukee's vibrant Clarke Square neighborhood, at 823 S 22nd St, WI 53204. The building boasts a solid all-brick construction and comprises eight one-bedroom apartments, presenting a compelling value-add opportunity for investors. The property features a total building size of 6100 square feet and sits on a 0.14-acre lot. Parking is provided for five vehicles, including two garage spaces. Currently, the units are under market rents, offering significant potential for increased income and a projected 8.9% cap rate. Each apartment includes spacious living and dining areas. This property is an ideal investment for those seeking a strong return in a desirable Milwaukee location. The building's solid construction and the potential for rental increases make this an attractive proposition in a thriving neighborhood. The current occupancy rate is not specified. This is a chance to acquire a well-situated multifamily property with immediate upside potential.

    Property Features for 823 S 22nd St

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,100 SF
    Price / Square Foot
    $81
    Elevators
    N/A
    Lot Size
    6,100 SF

    Building Details

    Year Built
    1927
    Buildings
    1
    Stories
    2
    Units
    8

    HighLights

    • Eight 1‑bedroom apartments offer value‑add potential in a desirable Milwaukee location.
    • Five parking spaces, including a two‑car garage, are included with the property.
    • This 6100 sq ft building sits on a 0.14‑acre lot in the Clarke Square neighborhood.
    Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.941248
    Latitude
    43.021981

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    FAQs

    What type of property is this?
    Multifamily property - Excellent Clarke Square investment opportunity. Eight 1-bedroom units, value-add potential.
    Where is this multifamily property located?
    The property is located at 823 S 22nd St Milwaukee, WI.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Eight 1-bedroom apartments offer value-add potential in a desirable Milwaukee location.; Five parking spaces, including a two-car garage, are included with the property.; This 6100 sq ft building sits on a 0.14-acre lot in the Clarke Square neighborhood.
    (773) 293-5067
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    823 S 22nd St Milwaukee, WI 53204
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    Milwaukee, WI 53204
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    823 S 22nd St Milwaukee, WI 53204
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