Three-Bedroom
For Sale
$265,000
6522 28th Ave, Kenosha, WI 53143
Two-unit property with separate utilities and updated boilers and water heaters.
Property Size1,848 SF
Price / SF$143.40
Days on Market80
Property Features for 6522 28th Ave
General Information
Standard status
Active
Size
1,848 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1916
Listing Agency:
Realty ONE Group Boardwalk
Listed By:
EZ Realty Team* · License #9174894
(262) 995-4909
Source:
Nikolicgroup
Added: Jul 29
Changed: Oct 14
Last Checked: Oct 15 at 4:04AM
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 Realty ONE Group Boardwalk
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Investment Insights
Based on property information with market context.
This two-unit residential income property offers three bedrooms in each unit and 1,848 square feet of total property size. The building dates to 1916 and includes newer boilers and water heaters. Utility systems are separately metered, with residents responsible for utilities other than water and sewer.
Both units are currently occupied. The property is located at 6522 28th Ave in Kenosha, Wisconsin, providing an established duplex configuration for an investor or owner occupant.
Both units are currently occupied. The property is located at 6522 28th Ave in Kenosha, Wisconsin, providing an established duplex configuration for an investor or owner occupant.
Key Highlights
- Three bedrooms in each unit
- 1,848 SF duplex built in 1916
- Both units currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,240
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,800
$364.8K
Cap Rate 7%
$260,571
$260.6K
Cap Rate 9%
$202,667
$202.7K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$27.7K $15.00/SF
− Vacancy
−$1.7K −$0.90/SF
EGI
$26.1K $14.10/SF
− OpEx
−$7.8K −$4.23/SF
NOI
$18.2K $9.87/SF
Area
Kenosha County, WI
Vacancy
6.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,800
Cap Rate 7%
$260,571
Cap Rate 9%
$202,667
Alternative Uses
Best Use
Multifamily LT 5
$260.6K
$228.0K – $304.0K
NOI $18,240 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$241.3K
$211.1K – $281.5K
NOI $16,889 @ 7.0% cap · market cap 6.37%
Theoretical Best
Warehouse
$2.15M
$1.88M – $2.51M
NOI $150,605 @ 7.0% cap · market cap 56.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
807
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separate utilities and updated boilers and water heaters.
Where is this duplex located?
The property is located at 6522 28th Ave Kenosha, WI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Three bedrooms in each unit; 1,848 SF duplex built in 1916; Both units currently occupied
