Milwaukee, WI 53208 2848 W Wisconsin Ave, Unit 730 N 29th
$3,790,000
Sold: Jun 06, 2025
13 more
Presented By: RE/MAX Service First;
Beds • 3
Baths • 2
SQFT • 1,500
Home Details
UNDER CONTRACT. TWO 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.
Presented By: RE/MAX Service First;
General for 2848 W Wisconsin Ave, Unit 730 N 29th
1st Type Unit1 Bath, 1 Bedroom, Living Room, Range/Oven, Refrigerator
2nd Type Unit1 Bath, 2 Bedrooms, Living Room, Range/Oven, Refrigerator
CityMilwaukee
Close Price3300000.00
CountyMilwaukee
DirectionsUNDER CONTRACT. Two buildings are at the north-east corner of W. Wisconsin Ave and N. 29th St. Addresses are 2848 W Wisconsin Av & 730 N 29th ST.
Garage/ParkingNear Public Transit, Underground Garage
MunicipalityCity
Property TypeD
School DistrictMilwaukee
Selling Member NameMichelle M Frederick
Subd. Dues/Yr.0
Tax Year2023
Taxes$33,663
TypeApartment Building
Unit Number730 N 29th
Year Built1962
ZoningRM7 & RM6
Interior for 2848 W Wisconsin Ave, Unit 730 N 29th
BasementLaundry Facilities
Heating/CoolingHot Water/Steam, Natural Gas
Stories3-4 Stories
Total Number of Units63
Type 1 Units60.00
Type 2 Units3.00
Exterior for 2848 W Wisconsin Ave, Unit 730 N 29th
ExteriorBrick
Flood PlanNo
Lot Size81'x149' and 79'x125'
Parking Inside34.00
Parking Outside0.00
Water/WasteMunicipal Sewer, Municipal Water
