2848 West Wisconsin Avenue, Unit 730 N 29
$3,790,000
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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.
- Listed by Graig Goldman • RE/MAX Service First
Property Details for 2848 West Wisconsin Avenue, Unit 730 N 29
Zoning
RM7 & RM6
Municipal CodeMilwaukee
LISTING UPDATED: 11/12/2024 04:17 PM
Property Details for 2848 West Wisconsin Avenue, Unit 730 N 29
Status | Active |
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MLS # | 1887663 |
Days on Market | 97 |
Taxes | $33,663 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Apartment Building |
Year Built | 1962 |
County | Milwaukee 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
Property History for 2848 West Wisconsin Avenue, Unit 730 N 29
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 |
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Public - | PK to 5 | |||
Public - | PK to 5 | |||
Public - | PK to 5 | |||
Public - | PK to 8 |
Rating | School | Distance |
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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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