1749 Prospect AveMilwaukee, WI 53202

Property Details for 1749 Prospect Ave

Year built

1876

Lot size

0.25 AC

Property size (Sq ft)

6,988 SF

Zone code

RM7

Property type

Other commercial real estate

APN

355-0001-000

APU

3550001000

Description

This stunning 11,549 sq ft, three-story mansion, built between 1874-1875, presents a unique investment opportunity in Milwaukee's coveted Gold Coast neighborhood. Located on a 0.246-acre lot (10,725 sq ft) at 1749 North Prospect Avenue, this Class B property boasts 17 tandem parking spaces and is zoned RM7 (Residential/Commercial use), offering exceptional flexibility. Extensively refurbished over the past 50 years as classic office space, it's easily adaptable for hospitality uses (Airbnb, VRBO, bed and breakfast) or residential conversion. The property features a full garden level and a deck overlooking Lake Michigan. Its prime location places it across the street from St. John's and the Charles Allis Art Museum, near the lakefront, downtown, Brady Street's vibrant restaurants, and entertainment venues. Recently granted historic status, it's eligible for state and federal historic tax credits (up to 40% of renovation costs). Existing architectural plans and structural analysis are available to assist the buyer. The property includes a gas boiler/central air HVAC system, municipal utilities, and a 200-amp electrical service (to be verified). 2023 real estate taxes were $26,938. The APN is 3550001000. This is a single-tenancy building with significant redevelopment potential.

• Alternative Use

  Use

  Valuation

  Residential

  $1,444,237

  Hospitality

  $1,322,914

  Educational

  $1,100,648

  Medical

  $1,138,502

  Retail

  $1,712,120

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

43.0534

Longitude

-87.8907

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].