2848 West Wisconsin Avenue, Unit 730 N 29

Milwaukee, WI 53208

$3,790,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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. 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...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. 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.
  1. Listed by Graig Goldman • RE/MAX Service First

Property Details for 2848 West Wisconsin Avenue, Unit 730 N 29

Zoning
RM7 & RM6
Municipal Code
Milwaukee
LISTING UPDATED: 11/12/2024 04:17 PM

Property Details for 2848 West Wisconsin Avenue, Unit 730 N 29

StatusActive
MLS #1887663
Days on Market97
Taxes$33,663 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Building
Year Built1962
CountyMilwaukee County

Building Information for 2848 West Wisconsin Avenue, Unit 730 N 29

Building/Complex2848 W Wisconsin AveFloor-Stories-Residences63Pet Policy-Year Built1962Building Size-

Property Information for 2848 West Wisconsin Avenue, Unit 730 N 29

Summary
Location and General Information
  • FEMA 100 Yr Flood Plain: No
  • Unit Number: 730 N 29th
  • State: Wisconsin
  • County: Milwaukee
  • Zip Code: 53208
  • Geo Lat: 43.039061
  • Geo Lon: -87.950474
  • Agent Remarks: TWO BUILDINGS at the north-east corner of W. Wisconsin Ave and N. 29th St. Addresses are 2848 W Wisconsin Av & 730 N 29th ST.
Taxes and HOA Information
  • Taxes: $33,663.28
  • Tax Year: 2023
  • Subd Dues/Yr: 0
School Information
  • School District: Milwaukee
Parking
  • Garage Parking: Near Public Transit, Underground Garage
  • Parking Inside: 34.0
  • Parking Outside: 0.0
Property
Lot Information
  • Year Built Numeric: 1962
  • Lot Dimensions: 81'x149' and 79'x125'
  • Acres Source: Public Records
  • Source Est Yr Built: Public Records
  • Approx Acreage: 0.5
  • Type: Apartment Building
Property and Assessments
  • Property Type: D
Utilities
  • Water/Waste: Municipal Sewer, Municipal Water
Interior and Exterior Features
Exterior Features
  • Exterior: Brick
Interior Features
  • Basement Features: Laundry Facilities
  • Heating/Cooling: Hot Water/Steam, Natural Gas
Multi Family
Multi-Family Information
  • Total Units: 63
  • # of Stories: 3-4 Stories
Unit 1
  • Unit Info: # Of Units Type #1: 60.0
  • 1st Type Unit: 1 Bath, 1 Bedroom, Living Room, Range/Oven, Refrigerator
  • Estimated SqFt #1: 750 or less
Unit 2
  • Unit Info: # Of Units Type #2: 3.0
  • 2nd Type Unit: 1 Bath, 2 Bedrooms, Living Room, Range/Oven, Refrigerator
  • Estimated SqFt #2: 750 or less

Property History for 2848 West Wisconsin Avenue, Unit 730 N 29

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2848 West Wisconsin Avenue, Unit 730 N 29

This home is within Milwaukee School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 8
Rating
School
Distance
Elm Creative Arts Elementary School
PublicPK to 5

Milwaukee French Immersion School
PublicPK to 5

Milwaukee Spanish Immersion School
PublicPK to 5

Milwaukee Academy of Chinese Language
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2848 West Wisconsin Avenue, Unit 730 N 29 is a multi-family home for sale in Milwaukee, WI 53208. This property was listed for sale on August 12, 2024 by RE/MAX Service First, it's currently listed at $3,790,000. This listing's school district is Milwaukee School District. Nearby schools include Elm Creative Arts Elementary School, Milwaukee French Immersion School and Milwaukee Spanish Immersion School. 2848 West Wisconsin Avenue, Unit 730 N 29 is a 0-bed, 0-bath, multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Service First

Based on information from one of the following Multiple Listing Services: Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 11/12/2024 04:17 PM Listing presented by Compass RE WI-Tosa. Information is supplied by seller and other third parties and has not been verified. Copyright 2024 – WiREx. – All Rights Reserved