Green Bay Duplex Investment
1235 CHICAGO Street, Green Bay, WI 54301
MULTI_FAMILY - GREEN BAY, WI
Property size:
1,824 SFLot size:
0.19 AcresPrice / SF:
$131/SF- Added:
- Apr 28, 2026
- Days on Market:
- 34
- Last Refresh:
- May 31 at 8:06 am
Property Features for 1235 CHICAGO Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Parking
- 2
- Standard status
- Active
- APN
- 14-1291
- Size
- 1,824 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1925
- Number of units
- 2
- Building materials
- Vinyl Siding
Listing agent Levi D. Foss License #90-59671 (920) 562-1812
Listing office Century 21 In Good Company 353 Main Ave, Ste A, De Pere, WI (920) 425-4543
Listing date Apr 28, 2026
MLS# 50324415
Listing URL
Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Excellent investment opportunity with long‑term tenants already in place.
- Separate utility meters for each unit (except water), reducing landlord responsibilities.
- Significant updates in 2025 including furnaces, central air, water heaters, 2.5 stall garage, and electrical system.
- Well‑maintained duplex featuring two 2‑bedroom units.
- Current owner relocating, creating immediate availability.
- Constructed with durable vinyl siding.
Overview
This well-maintained duplex in Green Bay, Wisconsin, presents an excellent investment opportunity with long-term tenants. The property features a 2-bedroom upper unit and a 2-bedroom lower unit. Utilities are separately metered, with tenants responsible for all utilities except water. According to the seller, the property includes many updates, including furnaces and central air (2025), water heaters (2025), a 2.5 stall garage (2025), and updated electrical (2025). The property has a residential zoning and a lot size of 0.19 acres. The building size is 1824 square feet.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.1k | $13.20 |
| − Vacancy | −$1.3k | −$0.73 |
| EGI | $22.8k | $12.47 |
| − OpEx | −$6.8k | −$3.74 |
| NOI | $15.9k | $8.73 |
1,824 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$227.5K
$199.1K – $265.5K
NOI $15,927 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$211.9K
$185.5K – $247.3K
NOI $14,836 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$425.3K
$372.1K – $496.1K
NOI $29,768 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Green Bay
- County
- Brown
- State
- Wisconsin
- Longitude
- -88.002387
- Latitude
- 44.503799
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained duplex with long-term tenants in Green Bay, Wisconsin.
Where is this duplex located?
The property is located at 1235 CHICAGO Street Green Bay, WI.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Excellent investment opportunity with long‑term tenants already in place.; Separate utility meters for each unit (except water), reducing landlord responsibilities.; Significant updates in 2025 including furnaces, central air, water heaters, 2.5 stall garage, and electrical system.
