Investment Overview

Marcus & Millichap is pleased to present 834 N. 24th Street in Milwaukee’s Avenues West submarket. The property comprises a 0.21 acre parcel improved with a 12-unit apartment building. It was constructed in 1928 and contains 11,631 square feet (per assessor's records). It has a brick exterior and flat roof with rubber membrane covering (2024). The apartment building consists of six 2-bedroom/1-bath units and six 1-bedroom/1-bath units. Recent capital improvements include a new rubber membrane roof covering (2024), gas-fired central boiler (2021), and gas water heater (2026). The building also features on-site laundry, newly installed security camera system, and 5 car detached garage. Current ownership acquired the property in 2024 and has begun executing a value-add renovation strategy, with multiple units already updated. Rents are scheduled to increase to $1,000 (1-bedroom units) and $1,100 (2-bedroom units) in June 2026, supporting strong in-place income with continued upside through further unit renovations.