Renovated
New
For Sale
$169,900
1630 N 28th St, Milwaukee, WI 53208
Separate gas and electric meters serve the two vacant units.
Property Size1,475 SF
Price / SF$115.19
Days on Market2
Property Features for 1630 N 28th St
General Information
Standard status
Active
Size
1,475 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Burnham Park
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Amenities
full basement
fenced backyard
Building Details
Year Built
1892
Listing Agency:
Joseph Scott Real Estate LLC
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Nov 1
Last Checked: Nov 1 at 3:47AM
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 Joseph Scott Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1892, this duplex has an upper apartment with three bedrooms, one bath, and a clawfoot tub, plus a lower apartment with two bedrooms and one bath. The lower kitchen includes a gas range and refrigerator. Both units are vacant. Improvements include vinyl siding, 23 replacement windows, new interior and exterior doors, luxury vinyl plank flooring, fresh paint, updated bathrooms, and rebuilt rear stairs.
The property is at 1630 N 28th St in Milwaukee, close to downtown. Additional features include a full basement with an exterior entrance and a fenced backyard.
The property is at 1630 N 28th St in Milwaukee, close to downtown. Additional features include a full basement with an exterior entrance and a fenced backyard.
Key Highlights
- Two vacant units: a three‑bedroom upper apartment and a two‑bedroom lower apartment
- Separate gas and electric meters
- 23 new windows, new siding, doors, flooring, paint, updated baths, and rebuilt rear stairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,837
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,740
$296.7K
Cap Rate 7%
$211,957
$212.0K
Cap Rate 9%
$164,856
$164.9K
Market Conditions
NOI Build-Up for 1,475 SF
Gross rent
$22.1K $15.00/SF
− Vacancy
−$929 −$0.63/SF
EGI
$21.2K $14.37/SF
− OpEx
−$6.4K −$4.31/SF
NOI
$14.8K $10.06/SF
Area
Milwaukee, WI
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,740
Cap Rate 7%
$211,957
Cap Rate 9%
$164,856
Alternative Uses
Best Use
Multifamily LT 5
$212.0K
$185.5K – $247.3K
NOI $14,837 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$196.3K
$171.7K – $229.0K
NOI $13,738 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$354.5K
$310.2K – $413.5K
NOI $24,812 @ 7.0% cap · market cap 14.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
Explore this area
Business Placement
Demographics for 53208, WI
29,644
Population
13,778
Households
2.2
Avg Household Size
33
Median Age
31%
College-Educated
89%
High-School Grad
4.2 sq mi
ZIP Area
7,058
Density / Sq Mi
$50,585
Median Household Income
$40,729
Median Earnings
$924
Median Rent
$196,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric meters serve the two vacant units.
Where is this duplex located?
The property is located at 1630 N 28th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Two vacant units: a three‑bedroom upper apartment and a two‑bedroom lower apartment; Separate gas and electric meters; 23 new windows, new siding, doors, flooring, paint, updated baths, and rebuilt rear stairs
