WI > Superior > West Superior 01 Div
Superior, WI 54880,1028 Banks AVE
Superior, WI 54880,1028 Banks AVE
Superior, WI 54880,1028 Banks AVE
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2026
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Chad Pederson

Chad Pederson

+1(612) 325-8745
$350,000
Est. payment /mo
2,260 SqFt
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UPDATED:

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 $154

Subdivision West Superior 01 Div

MLS Listing ID 6807647

Year Built 1914

Annual Tax Amount $3,441

Tax Year 2024

Contingent None

Lot Size 3,920 Sqft

Acres 0.09

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 $4,055 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, Concrete

Interior

Heating Hot Water

Fireplace No

Exterior

Parking Features Other

Building

Story Two

Foundation 2260

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Metal Siding

New Construction false

Schools

School District Superior

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Listed by Megan Wilson • RE/MAX Results Duluth

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Chad Pederson

Chad Pederson

+1(612) 325-8745

Broker | License ID: 20586306

Broker License ID: 20586306

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