Active

2848 West Wisconsin AVENUE 730 N 29th

Milwaukee WI, 53208

$3,790,000


$90.87 per sqft

Active

41,706 sqft

Multi-family

Built in 1962

Courtesy of RE/MAX Service First

TWO BRICK BUILDINGS on 2 tax keys (388200800+3882005100). Total of 63 Units in Downtown Milwaukee's Avenues West Neighborhood (Opportunity Zone #13500). Consists of 2 three-story buildings at the corner of 29th & Wisconsin. 60 of the units are one-bedroom, and 3 units are two-bedroom. FULLY OCCUPIED, and with a Resident Manager. This is a solid value-add opportunity because many rents are below market. Features 34 underground parking spaces that are under-utilized. Seller estimates 8.5 CAP today, but 10.5 CAP if owner keeps leasing new tenants at tested, successful higher market rent.

1887663

MLS ID

August 14, 2024

Listed

October 23, 2024

Updated

Map

2848 West Wisconsin AVENUE 730 N 29th
Milwaukee WI, 53208

Interior Features

Laundry Description

In Basement


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas, Hot Water, Steam

Exterior/Building Features

Lot Size

0.5 Acres


Sewer

Public Sewer

School Information

School District

Milwaukee

Other Property Details

Area Name

MILWAUKEE


Taxes

$33,663


Tax Frequency

Annually


Garage

No


View

No


County

MILWAUKEE


Water Source

Public


Pool

No


Zoning

RM7 & RM6

Courtesy of RE/MAX Service First, Segal Goldman Realty Group*

IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is supplied by the seller and other third parties and has not been verified. IDX information is provided exclusively for consumers’ personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 

Data Source: MetroMLS ©2024 Multiple Listing Service, Inc. – All Rights Reserved

Data last updated 4:48 AM UTC, 10/23/2024

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