Occupied Apartment
For Sale
$815,000
6215 7th Ave, Kenosha, WI 53143
Two-building property with mixed bedroom layouts, a separate garage structure, and full occupancy.
Property Size7,730 SF
Price / SF$105.43
Days on Market79
Property Features for 6215 7th Ave
General Information
Standard status
Active
Size
7,730 SF
Total Parking Spaces
12
Property subtype
Multi-Family
Occupancy
100%
Net Operating Income
$71,491
Units
Unit Mix
9 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
10
Additional Details
Gross Income
$104,580
Building Details
Year Built
1920
Buildings
2
Listing Agency:
Compass RE WI-Northshore
Listed By:
The Collaboration Group*
(414) 232-7276
Source:
Nikolicgroup
Added: Jul 29
Changed: Oct 3
Last Checked: Oct 7 at 3:26PM
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 Compass RE WI-Northshore
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Investment Insights
Based on property information with market context.
This apartment property contains 10 units arranged between a six-unit front building and a four-unit rear building. The unit mix includes nine one-bedroom, one-bath residences and one two-bedroom, one-bath residence. All units are fully occupied. A separate 12-car garage building adds supplemental rental income, with 5/12 spaces currently generating income. The front building uses a gas boiler for heat, while the rear building has gas furnaces and A/C.
The property consists of two separate parcels and is located a short distance from Downtown Kenosha, Library Park, and Lake Michigan. Built in 1920, the asset combines multiple residential structures with garage storage and established occupancy in a centrally situated Kenosha setting.
The property consists of two separate parcels and is located a short distance from Downtown Kenosha, Library Park, and Lake Michigan. Built in 1920, the asset combines multiple residential structures with garage storage and established occupancy in a centrally situated Kenosha setting.
Key Highlights
- 10 units across a six‑unit front building and four‑unit rear building
- Unit mix includes nine 1BR/1BA units and one 2BR/1BA unit
- All units are fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,647
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,940
$1.4M
Cap Rate 7%
$1,009,243
$1.0M
Cap Rate 9%
$784,967
$785.0K
Market Conditions
NOI Build-Up for 7,730 SF
Gross rent
$136.4K $17.64/SF
− Vacancy
−$7.9K −$1.02/SF
EGI
$128.4K $16.62/SF
− OpEx
−$57.8K −$7.48/SF
NOI
$70.6K $9.14/SF
Area
Kenosha County, WI
Vacancy
5.80%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,940
Cap Rate 7%
$1,009,243
Cap Rate 9%
$784,967
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$883.1K – $1.18M
NOI $70,647 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$9.00M
$7.87M – $10.50M
NOI $629,964 @ 7.0% cap · market cap 77.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,266
Businesses Nearby
Explore this area
Business Placement
Demographics for 53143, WI
22,702
Population
9,118
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
87%
High-School Grad
4.1 sq mi
ZIP Area
5,537
Density / Sq Mi
$67,105
Median Household Income
$40,276
Median Earnings
$1,157
Median Rent
$186,600
Median Home Value
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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?
Apartment building - Two-building property with mixed bedroom layouts, a separate garage structure, and full occupancy.
Where is this apartment building located?
The property is located at 6215 7th Ave Kenosha, WI.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: 10 units across a six‑unit front building and four‑unit rear building; Unit mix includes nine 1BR/1BA units and one 2BR/1BA unit; All units are fully occupied
