2848 W Wisconsin AVENUE Unit 730 N 29th
Milwaukee, WI 53208
- – beds
- – baths
- 41,706 sqft
- ~1/2 acre lot
- $90 per sqft
- 1962 build
- – on site
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.
Last checked:
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Last updated Oct 23, 2024
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MLS# 1887663 —
The Building
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Year Built:1962
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Units In Building:63
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Total SqFt:41,706 Sqft
Location
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Directions: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.
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Latitude:43.039061
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Longitude:-87.950474
The Property
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Property Type:Multi-Family
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Lot Size:81'x149' and 79'x125'
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Lot Acreage:0.5
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Zoning:RM7 & RM6
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Inclusions:63 stoves, 63 refrigerators.
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Exclusions:Leased laundry equipment; vacant lot between the buildings.
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:2023
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Total Taxes:$33,663.28
Schools
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School District:Milwaukee
The Community
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Waterfront:No
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HOA Payment Frequency:Unknown
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
8/14/24
Aug 14, 2024
|
Listed / Active | WIREX_METRO | $3,790,000 |
