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MICHIGAN STREET PROPERTIES Milwaukee, WI 53203

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For Sale
$3,600,000

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

Property size:
45,346 SF
Lot size:
1.04 Acres
Added:
Jan 16, 2025
Days on Market:
457
Last Refresh:
Mar 16 at 9:06 am

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

We can help!

Listing Contact
Luis Robles

Listing agent Luis

Listing office

Listing date Jan 16, 2025


Overview

65-Unit Multifamily Investment Opportunity

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.
Location Intelligence

Current Use by Public Records

Residential income homes

Map

City
Milwaukee
County
Milwaukee
State
Wisconsin
Longitude
-87.9101014
Latitude
43.0375688

FAQs

What type of property is this?
Multifamily property - 65-units for sale in the Near West Side neighborhood of Milwaukee, WI.
Where is this multifamily property located?
The property is located at MICHIGAN STREET PROPERTIES Milwaukee, WI.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 65‑units; Cap Rate: 8.00% | Proforma: 9.06%; $79.39/SF
More about this property
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