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North Shore Apartments 4001-4015 N Oakland Ave 30 Unit Apartment Building $8,961,355 CAD ($298,712 CAD/Unit) 5.91% Cap Rate Shorewood, WI 53211
Investment Highlights
- Tremendous upside with commercial and residential units
- Located in the Central Business District of Shorewood
Executive Summary
1720 E Capitol Dr & 4001 –4015 N Oakland Ave, Shorewood WI 53211
Striking mid-century modern mixed-use building located in the heart of Shorewood’s vibrant business district. Constructed in 1930’s, this iconic brick, glass, and marble property offers 30 apartments and five street-level commercial spaces along Oakland Avenue, supported by 56 secured parking spaces. A standout value add opportunity lies in a large vacant commercial unit formerly occupied by a bank, featuring dramatic 20’–30’ ceiling heights and an impressive original vault—an ideal showpiece for a flagship ten-ant. No current income is attributed to this space, with market rents exceeding $20.00 PSF.
Striking mid-century modern mixed-use building located in the heart of Shorewood’s vibrant business district. Constructed in 1930’s, this iconic brick, glass, and marble property offers 30 apartments and five street-level commercial spaces along Oakland Avenue, supported by 56 secured parking spaces. A standout value add opportunity lies in a large vacant commercial unit formerly occupied by a bank, featuring dramatic 20’–30’ ceiling heights and an impressive original vault—an ideal showpiece for a flagship ten-ant. No current income is attributed to this space, with market rents exceeding $20.00 PSF.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | $1,310 CAD | - |
| 1+1 | 17 | $1,585 CAD | - |
| 2+1 | 2 | $1,923 CAD | - |
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 240-0023-000 | Improvements Assessment | $5,569,413 CAD |
| Land Assessment | $957,900 CAD | Total Assessment | $6,527,313 CAD |
Property Taxes
Parcel Number
240-0023-000
Land Assessment
$957,900 CAD
Improvements Assessment
$5,569,413 CAD
Total Assessment
$6,527,313 CAD
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North Shore Apartments | 4001-4015 N Oakland Ave
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