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Listed by Inland Real Estate Partners, LLC
$ 1,850,000
Est. payment /mo
Active
524 N Water STREET Milwaukee, WI 53202
2,613 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Municipality MILWAUKEE
MLS Listing ID 1937302
Style Other
Year Built 1880
Annual Tax Amount $21,740
Tax Year 2024
Lot Size 2,613 Sqft
Property Sub-Type Other
Property Description
Well-maintained, fully occupied mixed-use property located in the heart of Downtown Milwaukee. Comprised of approximately 8,800 square feet, the building features three retail units and three upper-level multifamily apartments, offering a balanced and diversified income stream across both residential and commercial tenancy. Currently fully leased, this building offers investors in-place cash flow with value-add potential through rental upside on the residential units, which are currently leased below market rates. The retail units are leased to a diverse mix of tenants, minimizing risk and ensuring long-term income stability. The building's flexible layout, strong physical condition, and premier location make it a turnkey investment with both immediate yield and long-term appreciation.
Location
State WI
County Milwaukee
Zoning C9FA
Rooms
Basement None / Slab
Interior
Cooling Other
Exterior
Parking Features None
Building
Story 3 - 4
Sewer Municipal Sewer, Municipal Water
Architectural Style Other
Structure Type Brick/Stone,Brick
New Construction N
Schools
School District Milwaukee
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