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    5800 3Rd Ave Kenosha, WI 53140

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    For Sale
    Contact for pricing

    Fully stabilized, elderly designated, 182-unit Section 8 property.

    Property size:
    147,040 SF

    Property Features for 5800 3Rd Ave

    General Information

    Size
    147,040 SF

    Building Details

    Year built
    1980

    Source: Reid Bennett, CCIM Agent Reid Bennett, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakeside Towers Senior Housing

    Lakeside Towers is a fully stabilized, elderly designated, 100% project-based Section 8 property, offering a rare acquisition opportunity. Situated on the shore of Lake Michigan in downtown Kenosha, this 10-story senior housing tower comprises 182 units. The property benefits from a prime location with lakefront views and strong community amenities. A long-term HUD HAP contract is in place through March 2030. Recent property improvements include lobby remodeling and boiler replacement, totaling over $400,000. Lakeside Towers is located between Lake Michigan and downtown Kenosha. The property is located in a Qualified Census Tract for Low Income Housing Tax Credit rehabilitation. The property has a size of 147040 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lakeside Towers Apartment Building Absolute Home Remodeling Contractor

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kenosha
    County
    Kenosha
    State
    Wisconsin
    Longitude
    -87.814856
    Latitude
    42.5833499

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    FAQs

    What type of property is this?
    Apartment building - Fully stabilized, elderly designated, 182-unit Section 8 property.
    Where is this apartment building located?
    The property is located at 5800 3Rd Ave Kenosha, WI.
    What are key features of this property?
    This property features: - 100% Project-Based Section 8 Property with Long-Term HUD HAP Contract in place through March 2030, ensuring steady, federally subsidized income.; - Prime lakefront location in downtown Kenosha with desirable lake views.; - Elderly designated housing catering to a specific demographic with consistent demand.
    (773) 251-7342
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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
    5800 3Rd Ave Kenosha, WI 53140
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