Investment Overview

Marcus & Millichap is pleased to present 1315 N. Cass Street, a distinguished 36-unit apartment building nestled in the highly coveted Yankee Hill neighborhood of Milwaukee. The property comprises a 0.13- acre parcel improved with a timeless brick apartment building. It was constructed in 1928 and contains 12,060 square feet (per assessor's records). The building features a classic brick exterior with a flat roof replaced within the past ten years. It has wood double-hung combination windows that reflect the property's enduring historic character. The property offers thirty-six studio units, an ideal configuration for capturing Milwaukee's deep and growing pool of young professionals, students, and downtown residents. Each unit includes a refrigerator and stove. The majority of units feature hardwood flooring. Each tenant pays for their own electric plus a $12 per month trash fee. The owner is responsible for the common area electric, heat, hot water, and water/sewer expenses. However, the water and sewer expense is billed back to the tenants on a quarterly basis, a favorable arrangement that increases net operating income and enhances investor returns. The basement laundry room houses two leased washers and two leased dryers. City steam heat provides reliable, consistent building-wide warmth. Upgraded electrical service reflects meaningful and proactive capital investment. There is abundant street parking readily available throughout the surrounding neighborhood.