For Sale
$139,900

3025 1St StMilwaukee, WI 53212

Distressed Triplex, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
117
This three-story, 3-unit apartment building located at 3025 N 1st St, Milwaukee, WI 53212, presents a compelling investment opportunity. Built in 1910, this 3,836 square foot building sits on a 0.17-acre lot and features original woodwork. The property is zoned RT4 and includes six parking spaces. Significant updates have already been completed, including a new roof and boiler, minimizing upfront costs for the buyer. The property's location in the Harambee neighborhood, a block from the new MLK Library Apartments, positions it for substantial appreciation. While boasting timeless charm, the building offers a blank canvas for renovation, allowing for customization to suit the investor's vision, whether restoring its historic character or modernizing the units. The asking price is $139,900. This is a distressed sale; cash offers are preferred, and traditional financing may not be available. The property's features, prime location, and existing improvements make it an attractive investment prospect with significant return on investment potential. The Milwaukee County Assessor's Parcel Number (APN) is 3130736000.

Highlights

  • $139,900 asking price for a distressed three-unit apartment building.
  • 3,836 square feet on a 0.17-acre lot in Milwaukee, WI.
  • Three-story, 1910 construction, Class C multifamily property.
  • Six parking spaces and RT4 zoning.
  • Located in Milwaukee's Harambee neighborhood, near new developments.

Property Details for 3025 1St St

Property type
Apartment buildings
Square Feet
3,836 SF
Class
C
Year Built
1910
Stories
3
Lot Size (sq. ft)
7,405 SF
Units
3

Location Insight

City
Milwaukee
County
Milwaukee
State
Wisconsin
Latitude
43.0736012
Longitude
-87.9114561
3025 1St St, Milwaukee, Wisconsin

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3025 1St St
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