Student Housing Multifamily
827 N 11th Street Milwaukee, WI 53233
827 N 11th Street, Milwaukee, WI, 53233
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For Sale
Contact for pricing
Multifamily student housing with recent capital improvements and a fraternity tenant, located about 0.5 miles from Marquette University.
Property Size14,787 SF
Price / SF$129.19
Days on Market150
Property Features for 827 N 11th Street
General Information
- Standard status
- Active
- Size
- 14,787 SF
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1940
Listing agency
JLL - Milwaukee, Wisconsin
(262) 239-0970
Listed by
Tim Nelson · License #50565-90
Source
Crexi
Added: Feb 21 Updated: Jul 21 at 12:57PM Checked: Jul 21 at 12:57PM
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 JLL - Milwaukee, Wisconsin
Investment Insights
Based on property information with market context.
This student housing multifamily property is being offered for sale as an investment opportunity featuring a fraternity tenant and recent capital improvements. The asset is positioned with professional-grade amenities intended to support day-to-day occupancy needs.
The property is located within Marquette University’s Greek Row corridor in Milwaukee, Wisconsin, and is approximately 0.5 miles from campus. The proximity to the university is a key factor for tenants seeking walkable access to school-related activities.
For brokers and investors looking for university-driven housing exposure, this offering provides a single, organized student housing setup with established tenant continuity and documented capital updates.
The property is located within Marquette University’s Greek Row corridor in Milwaukee, Wisconsin, and is approximately 0.5 miles from campus. The proximity to the university is a key factor for tenants seeking walkable access to school-related activities.
For brokers and investors looking for university-driven housing exposure, this offering provides a single, organized student housing setup with established tenant continuity and documented capital updates.
Key Highlights
- Multifamily student housing investment within Marquette University’s Greek Row corridor in Milwaukee, WI
- Institutional‑quality fraternity tenant in place
- About 0.5 miles from Marquette University
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 | $260.8k | $17.64 |
| − Vacancy | −$10.4k | −$0.71 |
| EGI | $250.4k | $16.93 |
| − OpEx | −$112.7k | −$7.62 |
| NOI | $137.7k | $9.31 |
14,787 SF · lease $17.64/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.97M
$1.72M – $2.30M
NOI $137,725 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.11M – $4.15M
NOI $248,741 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Multifamily student housing with recent capital improvements and a fraternity tenant, located about 0.5 miles from Marquette University.
Where is this multifamily property located?
The property is located at 827 N 11th Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,910,323.
What are key features of this property?
This property features: Multifamily student housing investment within Marquette University’s Greek Row corridor in Milwaukee, WI; Institutional‑quality fraternity tenant in place; About 0.5 miles from Marquette University
