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Oakland Avenue Apartments 3575 N Oakland Ave 44 Unit Apartment Building $9,296,843 CAD ($211,292 CAD/Unit) 6.79% Cap Rate Shorewood, WI 53211
EXECUTIVE SUMMARY
Built in in 1962 and renovated in 2009 & 2019,
The Sheridan is a five story, 44 unit apartment building featuring retail spaces on the ground floor.
The residential component includes 43 two-bedroom units and one one-bedroom unit. Of the two-bedroom units, 20 have one bath, 19 have one-and-a-half baths, and four have two baths.
The ground-floor retail spans 7,344 SF is leased to: McCade Insurance Agency, Exercise Coach and
Beu Face & Body Lounge.
The building has one elevator that serves all five levels and the lower level, which includes laundry, storage lockers, and parking access. The property offers
57 off-street parking spaces.
Just south of Oakland Ave & Capitol Dr. with close proximity to UW Milwaukee Campus. Walking distance to restaurants, shops, entertainment, and more. Only minutes from the I-43 interchange.
The Sheridan is a five story, 44 unit apartment building featuring retail spaces on the ground floor.
The residential component includes 43 two-bedroom units and one one-bedroom unit. Of the two-bedroom units, 20 have one bath, 19 have one-and-a-half baths, and four have two baths.
The ground-floor retail spans 7,344 SF is leased to: McCade Insurance Agency, Exercise Coach and
Beu Face & Body Lounge.
The building has one elevator that serves all five levels and the lower level, which includes laundry, storage lockers, and parking access. The property offers
57 off-street parking spaces.
Just south of Oakland Ave & Capitol Dr. with close proximity to UW Milwaukee Campus. Walking distance to restaurants, shops, entertainment, and more. Only minutes from the I-43 interchange.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,102,903
|
$21.22
|
| Other Income |
$8,264
|
$0.16
|
| Vacancy Loss |
$55,558
|
$1.07
|
| Effective Gross Income |
$1,055,609
|
$20.31
|
| Taxes |
$154,723
|
$2.98
|
| Operating Expenses |
$269,007
|
$5.18
|
| Total Expenses |
$423,729
|
$8.15
|
| Net Operating Income |
$631,880
|
$12.16
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,102,903 |
| Annual Per SF | $21.22 |
| Other Income (CAD) | |
|---|---|
| Annual | $8,264 |
| Annual Per SF | $0.16 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $55,558 |
| Annual Per SF | $1.07 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,055,609 |
| Annual Per SF | $20.31 |
| Taxes (CAD) | |
|---|---|
| Annual | $154,723 |
| Annual Per SF | $2.98 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $269,007 |
| Annual Per SF | $5.18 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $423,729 |
| Annual Per SF | $8.15 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $631,880 |
| Annual Per SF | $12.16 |
PROPERTY FACTS
| Price | $9,296,843 CAD | Building Class | B |
| Price Per Unit | $211,292 CAD | Lot Size | 0.44 AC |
| Sale Type | Investment | Building Size | 51,967 SF |
| Cap Rate | 6.79% | Average Occupancy | 93% |
| No. Units | 44 | No. Stories | 5 |
| Property Type | Multifamily | Year Built/Renovated | 1962/2019 |
| Property Subtype | Apartment | Parking Ratio | 1.1/1,000 SF |
| Apartment Style | Mid-Rise | Cross Streets | E Menlo Bl |
| Zoning | B-1 Commercial | ||
| Price | $9,296,843 CAD |
| Price Per Unit | $211,292 CAD |
| Sale Type | Investment |
| Cap Rate | 6.79% |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.44 AC |
| Building Size | 51,967 SF |
| Average Occupancy | 93% |
| No. Stories | 5 |
| Year Built/Renovated | 1962/2019 |
| Parking Ratio | 1.1/1,000 SF |
| Cross Streets | E Menlo Bl |
| Zoning | B-1 Commercial |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Dishwasher
- Disposal
- Storage Space
- Heating
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Carpet
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Security System
- On-Site Retail
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 1,000 |
| 2+1 | 20 | - | 1,000 |
| 2+1.5 | 18 | - | - |
| 2+2 | 4 | - | - |
| 2+2.5 | 1 | - | - |
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 275-1181-000 | Total Assessment | $5,334,597 CAD (2024) |
| Land Assessment | $918,253 CAD (2024) | Annual Taxes | $154,723 CAD ($2.98 CAD/SF) |
| Improvements Assessment | $4,416,345 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
275-1181-000
Land Assessment
$918,253 CAD (2024)
Improvements Assessment
$4,416,345 CAD (2024)
Total Assessment
$5,334,597 CAD (2024)
Annual Taxes
$154,723 CAD ($2.98 CAD/SF)
Tax Year
2025
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Oakland Avenue Apartments | 3575 N Oakland Ave
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