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    Corner 5-Plex Income Property Title is generated by Realmo AI

    1028 Banks Ave, Superior, WI 54880

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    For Sale
    $329,000

    Fully leased 5-plex with three 1-bedroom units and two studios in a corner location.

    Type:Multi Family
    Added:
    Jun 13, 2026
    Days on Market:
    15
    Last Refresh:
    Jun 27 at 4:53 am

    Property Features for 1028 Banks Ave

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1914

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    Megan Wilson

    Listing office RE/MAX Results

    Listing date Jun 13, 2026

    Source Visionsfirstrealty

    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 RE/MAX Results

    HighLights

    • Fully leased 5‑plex with 3 one‑bedroom units and 2 studio apartments.
    • Corner location on Banks Avenue and N 11th Street in Superior.
    • Year built 1914; includes a full poured‑concrete basement.
    • Seller reports Weil‑McLain boiler and heating components upgraded.
    • Roof recently replaced; several units updated with potential for additional updates as units turn over.
    • Rents approx. $3,935/month with avg. monthly expenses about $960 (utilities, taxes, and insurance).

    Overview

    This fully leased 5-plex at 1028 Banks Ave includes three 1-bedroom units and two studio apartments. The property is described as solid and well-maintained, with a full poured-concrete basement. Several units have been updated, and the configuration supports ongoing improvements as units turn over. The seller also reports upgrades to the Weil-McLain boiler and heating components, along with a recently replaced roof.

    The building is situated on the corner of Banks Avenue and N 11th Street in Superior, Wisconsin. The property’s corner positioning supports straightforward access and a street-facing presence from both directions.

    For investors seeking residential income with current tenancy in place, this property offers an established multi-unit setup with on-site mechanical and roof improvements noted by the seller. The current rental structure provides an opportunity to maintain and selectively enhance unit interiors over time, while the reported basement construction and recent capital items can help support longer-term operating stability.
    Location Intelligence

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    Apartment buildings

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    Location Insight

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    • Local Demand
    City
    Superior
    County
    Douglas
    State
    Wisconsin
    Longitude
    -92.10514
    Latitude
    46.725595

    FAQs

    What type of property is this?
    Apartment building - Fully leased 5-plex with three 1-bedroom units and two studios in a corner location.
    Where is this apartment building located?
    The property is located at 1028 Banks Ave Superior, WI.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: Fully leased 5‑plex with 3 one‑bedroom units and 2 studio apartments.; Corner location on Banks Avenue and N 11th Street in Superior.; Year built 1914; includes a full poured‑concrete basement.
    More about this property
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