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Foulkes Place 915 N 24th St 18 Unit Apartment Building $1,506,445 CAD ($83,691 CAD/Unit) Milwaukee, WI 53233
Investment Highlights
- Fully Rented Building
- Secured Entry Doors & App Based Security Cameras
- Just Blocks from The Rave Eagles Club, the Pabst Mansion, Kalvelage Mansion & Marquette University
- Select Units & Common Areas Updated
- Located in Milwaukee's Avenues West neighborhood near I 43 and I 94
Executive Summary
Fully Rented, Turnkey, 18-unit investment opportunity delivering consistent cash flow, a stable tenant base, and clear potential for future rent growth. The property features a well-balanced mix of four studios, thirteen one-bedroom units, and one two-bedroom unit, supporting strong occupancy and broad rental appeal. Select units and common areas have been thoughtfully updated to enhance tenant satisfaction and minimize maintenance. Secured entry doors and app-based security cameras add value and peace of mind. Ideally located in Milwaukee's Avenues West neighborhood near I 43 and I 94, just blocks from The Rave Eagles Club, the Pabst Mansion, Kalvelage Mansion, and Marquette University, driving sustained rental demand.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$200,719
|
$14.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$200,719
|
$14.87
|
| Taxes |
$18,286
|
$1.35
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$18,286
|
$1.35
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $200,719 |
| Annual Per SF | $14.87 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $200,719 |
| Annual Per SF | $14.87 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,286 |
| Annual Per SF | $1.35 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $18,286 |
| Annual Per SF | $1.35 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,506,445 CAD | Building Class | B |
| Price Per Unit | $83,691 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 13,497 SF |
| No. Units | 18 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1923 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RM6 - Residential Multi Family | ||
| Price | $1,506,445 CAD |
| Price Per Unit | $83,691 CAD |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 13,497 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1923 |
| Opportunity Zone |
Yes |
| Zoning | RM6 - Residential Multi Family |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 13 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (77)
Property Taxes
| Parcel Number | 389-0723-000-4 | Total Assessment | $803,282 CAD (2024) |
| Land Assessment | $33,556 CAD (2024) | Annual Taxes | $18,286 CAD ($1.35 CAD/SF) |
| Improvements Assessment | $769,726 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
389-0723-000-4
Land Assessment
$33,556 CAD (2024)
Improvements Assessment
$769,726 CAD (2024)
Total Assessment
$803,282 CAD (2024)
Annual Taxes
$18,286 CAD ($1.35 CAD/SF)
Tax Year
2025
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Foulkes Place | 915 N 24th St
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