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Historic Mixed-Use Corner Property
For Sale
$550,000

1978-1976 N Farwell Avenue, Milwaukee, WI 53202

Historic building combines a commercial storefront with two residential apartments.

Property SizeContact for details
Days on Market12

Property Features for 1978-1976 N Farwell Avenue

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Corner Location Yes

Taxes and HOA fees

Annual Taxes $8,332

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Keller Williams Realty-Milwaukee North Shore
Listed By: HIGHMARK RE Group*
Source: Exprealty
Added: Jul 31 Changed: Aug 10 Last Checked: Aug 10 at 7:47AM

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 Keller Williams Realty-Milwaukee North Shore

Investment Insights

Based on property information with market context.

This mixed-use property brings together a street-level commercial storefront and two apartments within a historic building constructed in the 1890s. The residential component includes one 1-bedroom, 1-bath apartment and one 3-bedroom, 2-bath apartment, creating a varied live-work configuration.

The property occupies the corner of Lafayette Place and Farwell Avenue at 1978-1976 N Farwell Avenue in Milwaukee’s East Side. The surrounding walkable area includes restaurants, nightlife, and local businesses, placing the building within an active neighborhood setting.

Key Highlights

  • Mixed‑use building with a commercial storefront and two residential apartments
  • Residential unit mix includes 1 BR/1 BA and 3 BR/2 BA apartments
  • Building dates to the 1890s

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office HVAC Service Daycare Center Electrical Service Big Box & Wholesale Store Carpet & Flooring Store

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,416
Businesses Nearby

Demographics for 53202, WI

27,897
Population
18,629
Households
1.5
Avg Household Size
31
Median Age
66%
College-Educated
98%
High-School Grad
2.1 sq mi
ZIP Area
13,284
Density / Sq Mi
$68,482
Median Household Income
$52,339
Median Earnings
$1,234
Median Rent
$298,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Mixed-use property - Historic building combines a commercial storefront with two residential apartments.
Where is this mixed-use property located?
The property is located at 1978-1976 N Farwell Avenue Milwaukee, WI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Mixed‑use building with a commercial storefront and two residential apartments; Residential unit mix includes 1 BR/1 BA and 3 BR/2 BA apartments; Building dates to the 1890s
More about this property
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