2848 W Wisconsin AVENUE #730 N 29th, Milwaukee, WI 53208

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Missy Buttrum

missy@homewire.com +1(262) 227-7064

Listed by RE/MAX Service First

$3,790,000

Est. payment - /mo

41,706 SqFt

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UPDATED:

02/12/2025 09:23 PM

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 41,706 sqft

Price per Sqft $90

Municipality MILWAUKEE

MLS Listing ID 1887663

Year Built 1962

Annual Tax Amount $33,663

Tax Year 2023

Lot Size 0.500 Acres

Property Description

UNDER CONTRACT. TWO FULLY-OCCUPIED BRICK BUILDINGS on 2 tax keys (388200800+3882005100). Secondary Offers Considered! 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.

Location

State WI

County Milwaukee

Zoning RM7 & RM6

Rooms

Basement Laundry Facilities

Interior

Heating Natural Gas

Cooling Hot Water/Steam

Inclusions 63 stoves, 63 refrigerators.

Equipment Seller Leased: Dryer, Seller Leased: Washer, Seller Owned: Water Heater

Appliance Seller Leased: Dryer, Seller Leased: Washer, Seller Owned: Water Heater

Exterior

Parking Features Underground Garage

Building

Dwelling Type Apartment Building

Sewer Municipal Sewer, Municipal Water

Structure Type Brick/Stone,Brick

New Construction N

Schools

School District Milwaukee

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Missy Buttrum

+1(262) 227-7064

Broker | License ID: 58088-90

Broker License ID: 58088-90

2848 W Wisconsin AVENUE #730 N 29th Milwaukee, WI 53208

Missy Buttrum

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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