3025 1St St Milwaukee, WI 53212
This three-story, 3-unit apartment building located at 3025 N 1st St, Milwaukee, WI 53212, presents a compelling investment opportunity. Built in 1910, this 3,836 square foot building sits on a 0.17-acre lot and features original woodwork. The property is zoned RT4 and includes six parking spaces. Significant updates have already been completed, including a new roof and boiler, minimizing upfront costs for the buyer. The property's location in the Harambee neighborhood, a block from the new MLK Library Apartments, positions it for substantial appreciation. While boasting timeless charm, the building offers a blank canvas for renovation, allowing for customization to suit the investor's vision, whether restoring its historic character or modernizing the units. The asking price is $139,900. This is a distressed sale; cash offers are preferred, and traditional financing may not be available. The property's features, prime location, and existing improvements make it an attractive investment prospect with significant return on investment potential. The Milwaukee County Assessor's Parcel Number (APN) is 3130736000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.