MLS: #7094353, Listed By: Megan Wilson, RE/MAX Results Duluth, Source:FargoMoorhead Area Association of REALTORS
1028 Banks Avenue
Superior Township, WI 54880
3
Bed
4
Bath
2,260Sqft
0.09Acre(Lot)
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!
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 4Room Information
Has Basement: Yes Basement: Full -
Heating & Cooling
Has Heating: Yes Heating: Hot Water
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Building Information
Year Built: 1914 Building Area Total: 2260 Construction Materials: Frame Stories: 2 Private Pool: No
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Lot Information
Lot Dimensions: 50x80 Main Square Feet: 0.09 Acres Lot Size Acres: 0.09 Lot Size Square Feet: 3920.4Property Information
Subdivision: West Superior 01 Div Source Property Type: Residential Income Property SubType: Multi Family Levels: Two Property Age: 112
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Listing Price Information
Listing Price: $295000 Original Price: $329000
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Tax Information
Parcel Number: 068060022300 Tax Year: 2024 Annual Tax: $3511 Tax Legal Desc: WEST SUPERIOR 1ST DIV W 80 FT OF LOTS 21 & 22 BL 103 ALC 562-641 #944164
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Parking Information
Other
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Location Information
Direction: Corner of Banks Ave and N 11th St WaterSource: Public
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ByOwner last updated this listing 10/06/2026 @ 02:11
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