Investment Overview

Marcus & Millichap is pleased to present Union Street Apartments located at 846-856 North 15th Street in Milwaukee, Wisconsin. The Property is an off-campus student housing community servicing Marquette University, and benefits from a highly desirable location within walking distance of campus, offering residents convenient access to academic buildings, dining, and student amenities. Union Street Apartments features a unit mix of two studio one-bathroom units and thirty one-bedroom, one-bathroom units. Studio apartments average approximately 350 square feet and at a rental rate of $655 per month, while one-bedroom apartment units range from approximately 600 to 700 square feet, with rental rates between $755 and $855 per month. Residents are responsible for electricity while the ownership covers heat, hot water, water and sewer services, and trash collection. The Property is heated using a boiler system which has been newly replaced along with the property’s water heater, and the roof is approximately 15 years old. Each unit is equipped with a refrigerator and stove, and onsite laundry facilities are available. The Property is pet-friendly, with additional monthly pet rent of $15 for cats and $25 for dogs.