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Listed by Andrew Schramm • Michael J. Schramm
$ 799,000
Est. payment | /mo
6,098 Sqft Lot
$ 799,000
Est. payment | /mo
6,098 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
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 Hot Water/Steam, Natural Gas
Cooling Hot Water/Steam, Natural Gas
Flooring No
Exterior
Exterior Feature Low Maintenance Trim, Vinyl, Wood
Parking Features None
Building
Water Municipal Sewer, Municipal Water
Schools
School District Milwaukee
Others
Special Listing Condition 1031 Exchange
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