1855 N Humboldt Ave 1855B/1851-1853, Milwaukee, WI 53202 Sold for $1,100,000 on 10/01/2020

1855 N Humboldt Ave 1855B/1851-1853, Milwaukee 11 Units $1,100,000 Sold

  • Multi-Family
  • Status: Sold
  • Total Number of Units: 11
  • Unit Type 1 # of Units: 6
  • Unit Type 1 Avg Rent: $1,200
  • Unit Type 2 # of Units: 1
  • Unit Type 2 Avg Rent: $4,000
  • Unit Type 3 # of Units: 1
  • Unit Type 3 Avg Rent: $2,700
  • Unit Type 4 # of Units: 1
  • Unit Type 4 Avg Rent: $3,150
  • Est. Square Footage: 8,857
  • Est. Year Built: 1875
  • Subdivision: Hubbard And Pearson Add'N
  • HOA Fees: 0
  • School District: Milwaukee
  • High School: Riverside
  • County: Milwaukee
  • Postal Municipality: Milwaukee
  • MLS#: 1683805
  • Listing Company: Keller Williams Prestige
  • Price/SqFt: $152
  • Zip Code: 53202

1855 N Humboldt Ave 1855B/1851-1853, Milwaukee, WI 53202 - Fantastic opportunity for income producing property with many options available to the next lucky investor. The 1855 Humboldt Ave Compound is comprised of 11 rental units in 4 buildings across 2 adjacent properties. Property is sold fully furnished with brand new appliances and fixtures. Gross monthly rent totals ~$23,000, with a cap rate of 13%. Owner is selling to fund property on West Coast. Unit mix is 1-1bd/1ba, 6-2bd/1ba, 1-2bd/2ba, 1-3bd/2ba 1-5bd/2ba and 1-6bd/2ba. A sizable and modern single family home provides additional options for an on-site owner/investor. 5 min to Downtown! Some units are rented Long-Term, and others rented short term/airbnb. Contact listing agent for specifics on each unit.

Additional Features
  • Block, Brick, Full, Laundry Facilities, Walk Out/Outer Door
  • Heating/Cooling: Central Air, Forced Air, Indiv. Heating Units, Natural Gas
  • Water Waste: Municipal Sewer, Municipal Water
  • Inclusions: All appliances for 11 units, all furnishings for 9/11 units.
  • Apartment Building, Duplex +, Townhouse
  • Roof: Composition
  • Waterfront/Access: N
  • Lot Description: Two parcels totaling .172
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1683805 Sold ActiveWO Oct 1 2020 12:00AM $1,100,000 160
1683805 Sold ActiveWO Oct 1 2020 12:00AM $1,100,000 160
1683805 ActiveWO Active Sep 10 2020 9:49AM 160
1683805 Sep 2 2020 9:12AM $1,350,000 $1,400,000 160
1683805 Active Withdrawn Aug 5 2020 3:56PM 160
1683805 Withdrawn Active Jun 26 2020 12:34PM 160
1683805 Active Delayed Apr 3 2020 1:50PM 160
1683805 Delayed Apr 3 2020 1:28PM $1,400,000 160

Estimated Monthly Payment

$3,287 per month
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