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.
Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 2:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
1
/10
Westside Academy
1940 N 36th St
Distance between this listing and this school1.19 miles
Public District Grades PK-5
4
/10
Siefert Elementary School
1547 N 14th St
Distance between this listing and this school1.30 miles
Public District Grades PK-5
1
/10
Brown Street Academy
2029 N 20th St
Distance between this listing and this school1.40 miles
Public District Grades PK-5
Nearby Schools
4
/10
Woodlands School - State Street Campus
3121 W State St
Distance between this listing and this school0.32 miles
Public Charter Grades PK-8
3
/10
Milwaukee Academy of Chinese Language
2430 W Wisconsin Ave
Distance between this listing and this school0.34 miles
Public District Grades PK-8
2
/10
Story Elementary School
3815 W Kilbourn Ave
Distance between this listing and this school0.57 miles
Public District Grades PK-8
Nearby Schools
4
/10
Pathways High School
3022 W Wisconsin Ave
Distance between this listing and this school0.10 miles
Public Charter Grades 9-12
2
/10
Milwaukee High School of the Arts
2300 W Highland Ave
Distance between this listing and this school0.59 miles
Public District Grades 9-12
2
/10
Milwaukee Academy of Science
2000 W Kilbourn Ave
Distance between this listing and this school0.60 miles
The neighbors living near this home have an average income of $15,034. The most common annual income of people living in Milwaukee, WI is less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
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This home is located at 2848 W Wisconsin Ave Unit 730N 29Th in Milwaukee, WI and zip code 53208 in the Concordia neighborhood. This 41,706 square foot home, which was built in 1962, sits on a 0.50 acre lot. It has been listed on Rocket Homes since August 14, 2024 and is currently priced at $3,790,000.
While more than 241 listings in Milwaukee, WI in October 2024 were sold above asking price, there were more than 69 listings sold at asking price, and more than 170 were sold below. Between September 2024 and October 2024, Milwaukee, WI real estate market has seen increase in the number of listings by 11.5%.
From Rocket Homes Real Estate and based on county public records data.
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