Mixed-Use Property with 4
3123 E Grange Ave, Cudahy, WI 53110
For Sale
$799,000
Commercial zoning covers an attached residence and four-unit apartment building on a parcel exceeding one acre.
Property Size4,800 SF
Price / SF$166.46
Days on Market81
Property Features for 3123 E Grange Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
balconies/patios
basement with washer/dryer hookups
natural fireplace
3-season room
separate storage for each unit
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
First Weber Inc- Greenfield
(414) 543-7800
Listed By:
Heidi Carpio
(414) 350-8180
Source:
Hiblsrealestate
Added: Aug 24
Changed: Nov 10
Last Checked: Nov 11 at 10:45AM
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 First Weber Inc- Greenfield
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Investment Insights
Based on property information with market context.
This 4,800-SF mixed-use property combines a 2,500-SF, four-bedroom residence with an attached apartment building. The home includes 1.5 baths, a family room with a natural fireplace, living and dining rooms, an eat-in kitchen, a three-season room, and an attached 2.5-car garage. The apartment building contains four units: two with two bedrooms and one bath, and two with three bedrooms and 1.5 baths. Each apartment has a balcony or patio; the building also has a full basement with separate laundry hookups, individual electrical meters, and storage for each unit, plus a three-car garage. The property is zoned Commercial and was built in 1975. It sits on a parcel of just over one acre.
Key Highlights
- Four apartments: two 2‑bedroom, 1‑bath units and two 3‑bedroom, 1.5‑bath units
- Main residence offers 2,500 SF of living space and four bedrooms
- Property size: 4,800 SF; parcel exceeds one acre
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,040
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,800
$1.2M
Cap Rate 7%
$843,429
$843.4K
Cap Rate 9%
$656,000
$656.0K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$115.2K $24.00/SF
− Vacancy
−$20.7K −$4.32/SF
EGI
$94.5K $19.68/SF
− OpEx
−$35.4K −$7.38/SF
NOI
$59.0K $12.30/SF
Area
Milwaukee County, WI
Vacancy
18.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,800
Cap Rate 7%
$843,429
Cap Rate 9%
$656,000
Alternative Uses
Best Use
Mixed Use
$843.4K
$738.0K – $984.0K
NOI $59,040 @ 7.0% cap · market cap 7.39%
Second Best
Multifamily LT 5
$734.8K
$643.0K – $857.3K
NOI $51,438 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$1.14M
$996.0K – $1.33M
NOI $79,678 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
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Business Placement
Demographics for 53110, WI
18,204
Population
8,866
Households
2.1
Avg Household Size
41
Median Age
27%
College-Educated
93%
High-School Grad
4.8 sq mi
ZIP Area
3,793
Density / Sq Mi
$66,717
Median Household Income
$46,920
Median Earnings
$977
Median Rent
$201,000
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Milwaukee County, WI
Properties on Market for Mixed-use properties in Milwaukee County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning covers an attached residence and four-unit apartment building on a parcel exceeding one acre.
Where is this mixed-use property located?
The property is located at 3123 E Grange Ave Cudahy, WI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four apartments: two 2‑bedroom, 1‑bath units and two 3‑bedroom, 1.5‑bath units; Main residence offers 2,500 SF of living space and four bedrooms; Property size: 4,800 SF; parcel exceeds one acre
