MICHIGAN STREET PROPERTIES Milwaukee, WI 53203

MICHIGAN STREET PROPERTIES, Milwaukee, WI, 53203

$3,600,000

For Sale

$3,600,000

65-units for sale in the Near West Side neighborhood of Milwaukee, WI.

Property Size45,346 SF

Lot Size1.04 Acres

Price / SF$79.39

Days on Market548

Property Features for MICHIGAN STREET PROPERTIES

General Information

Standard status: Active
Property type: Multifamily properties, Residential income homes, Other residential income properties, Residential income properties, Investment properties
Size: 45,346 SF
Elevators: N/A
Lot size: 1.04 Acres

Building Details

Year Built: 1926
Buildings: 2
Stories: 3

Listing Office

Listed by Luis

Added: Jan 16, 2025 Checked: Mar 16 at 9:06 am

Investment Insights

Based on property information with market context.

This multifamily property is located in Milwaukee's Near West Side neighborhood. The property consists of three lots, featuring two 30-unit buildings and a separate 5-unit vintage home, totaling 65 units. All units are one-bedroom apartments. The property is a 7-minute walk from Marquette University's central campus. Approximately 24 parking spaces are available. The buildings are located at 2301 W Michigan St (5 units), 2319 W Michigan St (30 units), and 2327 W Michigan St (30 units). The total land area encompasses 1.04 acres. The property size is 45346 square feet. The price per square foot is $79.39. The projected cap rate is 8.00%, with a proforma cap rate of 9.06%. This property is an investment opportunity for experienced real estate investors seeking significant returns.

Key Highlights

65‑units
Cap Rate: 8.00% | Proforma: 9.06%
$79.39/SF

Property Analytics

Location Intelligence

Current Use by Public Records

Residential income homes

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