Multi-Family Apartment
6215 7th Avenue Kenosha, WI 53143
6215 7th Avenue, Kenosha, WI, 53143
$1,225,000
For Sale
$1,225,000
Ten fully occupied apartments sit in a front six-unit and rear four-unit configuration, plus a 12-unit garage building.
Property Size7,730 SF
Price / SF$158.47
Days on Market113
Property Features for 6215 7th Avenue
General Information
- Standard status
- Active
- Size
- 7,730 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1920
Listing agency
Compass
(414) 232-7276
Listed by
Alex Anderson · License #79449-94
(414) 232-7276
Source
Compass
Added: Apr 1 Updated: Jul 21 at 7:11PM Checked: Jul 22 at 6:26AM
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
Investment Insights
Based on property information with market context.
This well-maintained multifamily property features 10 apartments split across a six-unit front building and a four-unit rear building. The unit mix includes nine 1BR/1BA apartments and one 2BR/1BA apartment. All 10 units are currently fully occupied. Heating for the front building is provided via a gas boiler, while the rear building uses gas furnaces and includes A/C.
The sale includes two separate parcels and also an additional 12-unit garage building. Five of the garage spaces are currently rented at $330 per month each.
In 2025, reported rents are $104,580 with NOI of $71,491.
The sale includes two separate parcels and also an additional 12-unit garage building. Five of the garage spaces are currently rented at $330 per month each.
In 2025, reported rents are $104,580 with NOI of $71,491.
Key Highlights
- 10‑unit multi‑family with all units fully occupied: nine 1BR/1BA units and one 2BR/1BA unit
- Front building is six units and rear building is four units, both located in a brick construction property
- Includes additional 12‑unit garage building; 5/12 spaces rented at $330/month each
Local Financial Insights For Apartment 5plus
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 | $136.4k | $17.64 |
| − Vacancy | −$7.9k | −$1.02 |
| EGI | $128.4k | $16.62 |
| − OpEx | −$57.8k | −$7.48 |
| NOI | $70.6k | $9.14 |
7,730 SF · lease $17.64/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$883.1K – $1.18M
NOI $70,647 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$9.00M
$7.87M – $10.50M
NOI $629,964 @ 7.0% cap · market cap 51.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Ten fully occupied apartments sit in a front six-unit and rear four-unit configuration, plus a 12-unit garage building.
Where is this apartment building located?
The property is located at 6215 7th Avenue Kenosha, WI.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: 10‑unit multi‑family with all units fully occupied: nine 1BR/1BA units and one 2BR/1BA unit; Front building is six units and rear building is four units, both located in a brick construction property; Includes additional 12‑unit garage building; 5/12 spaces rented at $330/month each
