$2,400,000 Price Analysis    ♡   Madison, WI 53703 Unknown bed None bath 3,224 SqFt ($744/SqFt) 4,356SqFt lot. Built 1909 Listed 2023-11-15, Taxes $18,363 | Ⓧ USDA Ineligible due to price & location near Madison |
Truly unique investment opportunity in Madison's Mansion Hill district.
This meticulously maintained 7-unit apartment building has been updated and restored from top to bottom, combining the neighborhoods historic class with upscale modernization. Next owner will delight in a turnkey operation with little to no maintenance. 3rd floor features a completely remodeled 3-bedroom penthouse with capitol views.
Versatile property: ideal for diverse rental strategiestraditional leases at market rates, short-term rentals or personal use of the penthouse. Steps from the Capitol Square and the shores of Lake Mendota, this building embodies a quintessential Madison experience. (Property updates, lease details and rent roll attached n additional docs).
Presented by Matt Lindholm at
Bruner Realty & Management.
Property MLS #1967398 from SCWMLS
# Dish Washers: 3
Laundry Features: # Washers: 1, # Dryers: 1
Heating Fuel: Natural Gas
Water Heaters: 2
Stucco
Lot Size Square Feet: 4356
High School: East
Middle School: OKeeffe
School District: Madison
Map directions Map directions Map directions Map directions Map directionsNumber of Units: 7
Number of 1 Bedroom Units: 3
Number of 2 Bedroom Units: 3
Number of 3 Bedroom Units: 1
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Unit-1 Description: Fireplace
Unit-1 Square Feet: 874
Unit-2 Square Feet: 500
Unit-3 Square Feet: 750
Unit-4 Square Feet: 1100
Unit 1 Total Actual Rent: 1000
Unit 2 Total Actual Rent: 1300
Unit 3 Total Actual Rent: 1400
Unit 4 Total Actual Rent: 2000
Water Softener Owned
Fenced yard
Annual Tax Amount: 18363
Source Listing Status: Active
County: Dane
Directions: From E. Gorham or W. Johnson, head north towards Lake Mendota on Wisconsin Avenue, right on E. Gilman.
Tax Year: 2022
Source Property Type: Multi Family
Exclusions: Tenant & owners personal property
Inclusions: All appliances, window coverings, water softener.
Area: MADISON - C W01
Source Neighborhood: Mansion Hill
Parcel Number: 070914407056
Postal City: Madison
Subdivision: Mansion Hill
Zoning: DR1 HIS-MH
Property Subtype: Apartment building, 3 story
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $749,000 + $182,000 $931,000 | $18,363 |
| 2021 | $766,000 + $165,000 $931,000 | $19,929 |
| 2020 | $765,800 + $165,200 $931,000 | $20,838 |
| 2019 | $721,800 + $165,200 $887,000 | $19,928 |
| 2018 | $679,800 + $165,200 $845,000 | $18,951 |
| 2017 | $679,800 + $165,200 $845,000 | $19,634 |
| 2016 | $654,800 + $150,200 $805,000 | $19,217 |
| 2015 | $616,800 + $150,200 $767,000 | $18,494 |
| 2014 | $579,800 + $150,200 $730,000 | $17,685 |
| 2013 | $558,800 + $150,200 $709,000 | $17,561 |
| 2012 | $558,800 + $150,200 $709,000 | $17,082 |
| 2011 | $558,800 + $150,200 $709,000 | $16,256 |
| 2010 | $558,800 + $150,200 $709,000 | $15,698 |
| 2008 | $637,800 + $150,200 $788,000 | $15,302 |
| 2007 | $637,800 + $150,200 $788,000 | $15,481 |
$2,400,000
SCWMLS
Listed 2023-11-15
$2,800,000
SCWMLS
Sold 2020-01-27
$700,000
Public Record
Sold 2015-01-06
$1,000,000
Public Record
Property Age: 115
Levels or Stories: Apartment building, 3 story
First floor full bath
Level lot
Water Source: Municipal water
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.