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7-Unit Apartment Building
For Sale
$475,000

1556 S 24th St, Milwaukee, WI 53204

Multi-unit property with separate utility metering and a recently refreshed vacant apartment.

Property SizeContact for details
Days on Market26

Property Features for 1556 S 24th St

General Information

Standard status Active
Property subtype Residential Income

Units

Unit Mix 1 x 3BR/1BA, 1 x 1BR/1BA, 5 x 2BR/1BA
Multifamily Units 7

Additional Details

Gross Income $72,000
Utilities to Site Yes
Listing Agency: Coldwell Banker Realty
Listed By: Marcia Abramowski · License #8532794
Source: Exprealty
Added: Jul 17 Changed: Aug 11 Last Checked: Aug 11 at 7:38AM

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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This 7-unit apartment property includes one 3-bedroom, 1-bath unit, one 1-bedroom, 1-bath unit, and five 2-bedroom, 1-bath units. Six apartments are occupied under month-to-month leases, while Unit #7 is vacant and was recently refreshed. The unit layout provides a mix of apartment sizes within a single multifamily asset.

Each apartment has separate electric and gas meters paid by the tenants. The front roof is brand new, the rear roof was completed in 2024, and the property also has newer water heaters. Located at 1556 S 24th St in Milwaukee, the property is offered as a multifamily investment asset.

Key Highlights

  • 7‑unit apartment building with six occupied units and one vacant, recently refreshed unit
  • Unit mix includes 1 three‑bedroom, 1 one‑bedroom, and 5 two‑bedroom apartments
  • Six occupied apartments are leased month to month

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Electrical Service HVAC Service Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,025
Businesses Nearby

Demographics for 53204, WI

39,728
Population
14,979
Households
2.7
Avg Household Size
29
Median Age
15%
College-Educated
65%
High-School Grad
3.2 sq mi
ZIP Area
12,415
Density / Sq Mi
$43,645
Median Household Income
$30,906
Median Earnings
$964
Median Rent
$106,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multi-unit property with separate utility metering and a recently refreshed vacant apartment.
Where is this apartment building located?
The property is located at 1556 S 24th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 7‑unit apartment building with six occupied units and one vacant, recently refreshed unit; Unit mix includes 1 three‑bedroom, 1 one‑bedroom, and 5 two‑bedroom apartments; Six occupied apartments are leased month to month
More about this property
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