$1,100,000 Price Analysis    ♡   Madison, WI 53703 Unknown bed None bath unknown SqFt ($0/SqFt) 7,405SqFt lot. Built 1909 Listed 2024-04-23, Taxes $22,068 | Ⓧ USDA Ineligible due to price & location near Madison |
Fully rented
Never vacant, 5 unit, once in a generation property situated on the shores of Lake Monona in one of Madison's most desirable locations. A short walk to Capitol Square and in the heart of the Marquette neighborhood. Originally the M.H. Sater Apartment Build ing, this classic American Foursquare was built in 1907. 40 ft of lake frontage, the lot is long and is terraced in the back. The exponential growth potential for net income in 2025 is outstanding!
A uniqu combination of units, comprised of a studio, a 1 bedroom, two, 2 bedroom apartments and a two story 5 bedroom apartment. Several garden plots on the lake and kayak storage. Updates include electrical service for the entire building, new water softener and south side dormer rebuild. This is a special place!
Presented by Mark Gladue at
Lauer Realty Group, Inc.
Property MLS #1975327 from SCWMLS
Laundry Features: # Washers: 1, # Dryers: 1
Heating Fuel: Natural Gas
Water Heaters: 1
Stucco
Lake
Lot Size Square Feet: 7405
Garage Description: 1 space, Outside
Garage Features: 1 space, Outside
High School: East
Middle School: OKeeffe
School District: Madison
Map directions Map directions Map directions Map directions Map directionsNumber of Units: 5
Number of 1 Bedroom Units: 2
Number of 2 Bedroom Units: 2
Number of 3 Bedroom Units: 1
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 5
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 2
Unit-1 Description: Range/oven, Refrigerator
Unit-2 Description: Range/oven, Refrigerator
Unit-3 Description: Range/oven, Refrigerator
Unit-4 Description: Family/Rec rm, Range/oven, Refrigerator, Primary bedroom bath
Unit 1 Total Actual Rent: 950
Unit 2 Total Actual Rent: 1850
Unit 3 Total Actual Rent: 995
Unit 4 Total Actual Rent: 2120
Water Softener Owned
Internet -Fiber Available
Annual Tax Amount: 21389
Source Listing Status: Active
County: Dane
Directions: E Williamson to Paterson to Spaight
Tax Year: 2023
Source Property Type: Multi Family
Exclusions: Seller's and Tenant's personal property
Inclusions: 5 Range/Ovens, 5 Refrigerator, Water Softener, All Window Coverings, Washer, Dryer
Area: MADISON - C E01
Source Neighborhood: MADISON - C E01
Parcel Number: 0709-134-2611-4
Postal City: Madison
Zoning: HIS_TL
Property Subtype: 3 story
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $608,000 + $510,000 $1,118,000 | $22,068 |
| 2021 | $552,000 + $464,000 $1,016,000 | $21,756 |
| 2020 | $460,000 + $464,000 $924,000 | $20,680 |
| 2019 | $416,000 + $464,000 $880,000 | $19,770 |
| 2018 | $372,400 + $463,500 $835,900 | $18,746 |
| 2017 | $372,400 + $463,500 $835,900 | $19,422 |
| 2016 | $354,400 + $441,500 $795,900 | $18,999 |
| 2015 | $282,400 + $441,500 $723,900 | $17,450 |
| 2014 | $241,400 + $441,500 $682,900 | $16,544 |
| 2013 | $221,400 + $441,500 $662,900 | $16,414 |
| 2012 | $221,400 + $441,500 $662,900 | $15,966 |
| 2011 | $221,400 + $441,500 $662,900 | $15,194 |
| 2010 | $221,400 + $441,500 $662,900 | $14,672 |
| 2008 | $295,400 + $441,500 $736,900 | $14,307 |
| 2007 | $295,400 + $441,500 $736,900 | $14,477 |
$1,100,000
SCWMLS
Price Changed 2024-05-06
$1,400,000
SCWMLS
Listed 2024-04-23
$1,750,000
SCWMLS
Property Age: 115
Levels or Stories: 3 story
First floor full bath
Separate elec meters
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.