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919 Minnesota Ave 15 Unit Apartment Building $1,948,745 CAD ($129,916 CAD/Unit) 7.69% Cap Rate South Milwaukee, WI 53172
Investment Highlights
- 15-unit multifamily package (11-unit + 4-unit adjacent buildings) with mix of 2BR, 1BR & studio units
- New roofs on both buildings
- 13 parking spaces + detached 2-car garage
- Strong cash flow with proven rental history
- Recent unit updates throughout, with value-add opportunity through rent growth
- Healthy mix of long-term and newer leases
Executive Summary
Milwaukee County investment opportunity featuring two adjacent multifamily buildings being sold together as one package. Total of 15 rental units consisting of 2-bed, 1-bed, and studio units. One building offers 11 units and other building offers 4 units: . Includes 13 surface parking spaces plus 2-car detached garage. Recent capital improvements include new roofs on both buildings, select new siding, and numerous unit updates completed over the past several years, helping minimize future maintenance costs. Strong rental history, a healthy mix of long-term tenants and newer leases, consistent cash flow, and significant upside through continued rent growth. This is an outstanding opportunity for investors seeking both stability and value-add potential.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,948,745 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $129,916 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.69% | Building Size | 7,700 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 93% |
| Gross Rent Multiplier | 9.07 | No. Stories | 3 |
| No. Units | 15 | Year Built | 1920 |
| Property Type | Multifamily | Parking Ratio | 1.82/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-B - R-B/C-3 | ||
| Price | $1,948,745 CAD |
| Price Per Unit | $129,916 CAD |
| Sale Type | Investment |
| Cap Rate | 7.69% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 9.07 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,700 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 1920 |
| Parking Ratio | 1.82/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-B - R-B/C-3 |
Amenities
- Smoke Detector
Unit Amenities
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Smoke Free
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Public Transportation
- Private Bathroom
- Individual Leases Available
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 400 |
| 1+1 | 8 | - | 400 - 450 |
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 771-0169-000 | Total Assessment | $768,417 CAD |
| Land Assessment | $168,439 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $599,978 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
771-0169-000
Land Assessment
$168,439 CAD
Improvements Assessment
$599,978 CAD
Total Assessment
$768,417 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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919 Minnesota Ave
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