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$799,000
Est. payment /mo
4,047 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,047 sqft
Price per Sqft $197
MLS Listing ID 1956101
Year Built 1895
Annual Tax Amount $13,767
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Grand Victorian in heart of Historic Water Tower Neighborhood between Downer and Lake Drive. Licensed as a rooming house since 1943, 11 units generate significant cash flow. Most original details intact and the property has undergone significant interior and exterior repairs and upgrades focusing on operating and maintenance efficiency. Over $350k of upgrades/repairs including all roofs, siding, soffits, railings, gutters/downspouts, high efficiency boiler system, partial windows, laundry room, bathrooms, kitchens, nearly all units, and all common areas.Units include 7 one-room, 3 two-room, and a 1 BD manager's apartment offering options for area residents, students, and working adults in this ideal location East of Downer Ave.
Location
State WI
County Milwaukee
Zoning RS5
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Hot Water/Steam
Inclusions 4 ranges, 6 refrigerators, 4 coin op laundry machines
Equipment Seller Owned: Dryer, Seller Owned: Washer, Seller Owned: Water Heater
Exterior
Exterior Feature Aluminum Trim, Aluminum Trim, Vinyl, Wood
Parking Features None
Building
Dwelling Type Rooming House
Story 3 - 4
Sewer Municipal Sewer, Municipal Water
New Construction N
Schools
School District Milwaukee
Others
Acceptable Financing Exchange
Listing Terms Exchange
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Listed by Michael J. Schramm