For Sale
$2,850,000

1345 Astor StMilwaukee, WI 53202

Historic Milwaukee building, seller financing.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 16,080-square-foot multifamily and mixed-use building, constructed in 1926, presents a compelling investment opportunity in Milwaukee's vibrant Lower East Side. The three-story property boasts 27 units, currently enjoying 100% occupancy, comprising 15 studios, 7 one-bedroom apartments, and a unique two-story penthouse suite featuring two bedrooms, two bathrooms, a private rooftop deck, and an in-unit washer/dryer. The building also includes four long-term retail tenants occupying the first floor, providing a stable income stream. Significant capital improvements have been made, including a newer boiler and solar panels installed in 2018. Its prime location directly on the streetcar line offers unparalleled convenience and accessibility. The asking price is $2,850,000, translating to $177.24 per square foot. Seller financing is available, making this an attractive proposition for investors seeking a well-maintained, high-occupancy property in a desirable urban location. The building's blend of studio and one-bedroom units, along with the unique penthouse and retail spaces, creates a diversified revenue stream. This is a rare opportunity to acquire a stabilized investment property in a thriving Milwaukee neighborhood.

Highlights

  • 16,080 SF multifamily/mixed-use building on Milwaukee's Lower East Side.
  • 27 units (15 studios, 7 one-bedrooms, 1 two-bedroom penthouse) with 100% occupancy.
  • Four ground-floor retail tenants provide stable income.
  • Significant recent capital improvements (boiler, solar panels).
  • Prime streetcar location; $2,850,000 asking price ($177.24/SF); seller financing available.

Property Details for 1345 Astor St

Property type
Mixed-use properties, Apartment buildings
Square Feet
16,080 SF
Year Built
1926
Buildings
1
Stories
3
Units
27

Location Insight

City
Milwaukee
County
Milwaukee
State
Wisconsin
Latitude
43.0479187
Longitude
-87.9000521
1345 Astor St, Milwaukee, Wisconsin

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1345 Astor St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message