Mixed-Use Live-Work
3015 S 13th St Milwaukee, WI 53233
3015 S 13th St, Milwaukee, WI, 53233
$400,000
For Sale
$400,000
Three-unit mixed-use property with two front 3-bed/2-bath units and a rear warehouse/garage space.
Property Size5,127 SF
Price / SF$78.02
Days on Market8
Property Features for 3015 S 13th St
General Information
- Standard status
- Active
- Size
- 5,127 SF
Listing agency
Coldwell Banker Realty
(262) 344-4655
Listed by
David Cajka
(262) 344-4655
Source
Exprealty
Added: Jul 15 Updated: Jul 22 at 8:18AM Checked: Jul 22 at 8:18AM
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 mixed-use live-work property is currently configured as three units, with two spacious 3-bedroom, 2-bath residential units at the front. The lower front unit has been remodeled with updated finishes. A large warehouse/garage space sits to the rear, offering additional space that can be used for further residential areas, commercial purposes, storage, or an owner-occupied business. The property also provides room for expansion.
Located at 3015 S 13th St on 13th Street in Milwaukee, the building is positioned for visibility.
For investors or operators seeking a flexible setup, the combination of front residential units and a rear warehouse/garage component supports immediate rental income alongside future adaptability.
Located at 3015 S 13th St on 13th Street in Milwaukee, the building is positioned for visibility.
For investors or operators seeking a flexible setup, the combination of front residential units and a rear warehouse/garage component supports immediate rental income alongside future adaptability.
Key Highlights
- Three‑unit mixed‑use property with two front residential units plus a rear warehouse/garage space
- Two spacious 3‑bedroom, 2‑bathroom residential units in the front
- Lower front unit remodeled with updated finishes
Local Financial Insights For Warehouse
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 | $28.0k | $5.47 |
| − Vacancy | −$1.4k | −$0.27 |
| EGI | $26.7k | $5.20 |
| − OpEx | −$4.0k | −$0.78 |
| NOI | $22.7k | $4.42 |
5,127 SF · lease $5.47/SF/yr · vacancy 4.90% · expense 15.00%
Alternative Uses
Best Use
Mixed Use
$894.3K
$782.5K – $1.04M
NOI $62,601 @ 7.0% cap · market cap 15.65%
Second Best
Office B
$837.5K
$732.8K – $977.1K
NOI $58,625 @ 7.0% cap · market cap 14.66%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,244 @ 7.0% cap · market cap 21.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Three-unit mixed-use property with two front 3-bed/2-bath units and a rear warehouse/garage space.
Where is this live-work space located?
The property is located at 3015 S 13th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Three‑unit mixed‑use property with two front residential units plus a rear warehouse/garage space; Two spacious 3‑bedroom, 2‑bathroom residential units in the front; Lower front unit remodeled with updated finishes
