1028 Banks AVE, Superior, WI 54880
1028 Banks AVE, Superior, WI 54880
1028 Banks AVE, Superior, WI 54880
1028 Banks AVE, Superior, WI 54880
1028 Banks AVE, Superior, WI 54880
1028 Banks AVE, Superior, WI 54880
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Derrick Witt

Derrick Witt

+1(952) 373-1492
$ 329,000
Est. payment | /mo

3 Beds

4 Baths

2,260 SqFt

Save
$ 329,000
Est. payment | /mo
Save

3 Beds

4 Baths

2,260 SqFt

Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 2,260 sqft

Price per Sqft $145

Subdivision West Superior 01 Div

MLS Listing ID 7094353

Bedrooms 3

Year Built 1914

Annual Tax Amount $3,511

Tax Year 2024

Contingent None

Lot Size 3,920 Sqft

Lot Dimensions 50x80

Property Sub-Type Other

Property Description

Fully leased 5-plex in a prime Superior location! Situated on the corner of Banks Avenue and N 11th Street, this solid, well-maintained property features three 1-bedroom units and two studio apartments. The building offers a full poured-concrete basement and strong rental history. Several units have been updated, with opportunity to add value as others turn over. Per the seller, the Weil-McLain boiler and heating components have been upgraded, and the roof has been recently replaced. Currently generating approximately $3,935 per month in rental income with average monthly expenses of about $960 (utilities, taxes, and insurance) — this is a great opportunity for steady cash flow and continued equity growth!

Location

State WI

County Douglas

Zoning Residential-Multi-Family

Rooms

Basement Full

Interior

Heating Hot Water

Fireplace No

Exterior

Parking Features Gravel, Concrete, Other

Building

Story Two

Foundation 2260

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Frame

New Construction false

Schools

School District Superior

Listed by Megan Wilson • RE/MAX Results Duluth

Schools and Properties Nearby

Derrick Witt

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(952) 373-1492

derrick@derrickwitt.com

Learn More About LPT Realty

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Derrick Witt, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Tour the Home

1028 Banks AVE