Marcus & Millichap Sells The Edgewater Apartments Multifamily Property In Milwaukee For $4.875M

The Edgewater Apartments is a multifamily asset located at 1106 East Knapp Street in Milwaukee, WI. The property contains 48 one-bedroom units and was sold for $4,875,000, translating to approximately $101,563 per unit. The building was constructed in 1963 and sits on a 0.32-acre lot, featuring underground parking and proximity to the lakefront and downtown area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,875,000
• Units: 48
• Price Per Unit: $101,563
• Address: 1106 East Knapp Street
• Market: Milwaukee, WI

The transaction was facilitated by brokers Blake Hanlon and Mark Peltin from Marcus & Millichap, who represented the parties involved in the sale of the property.