1028 Banks Avenue, Superior, Wisconsin 54880

WI, Superior
$295,000
  • 3 Beds
  • 4 Bath
  • Residential Income Property Type
  • 1914 Year Built
  • Active Status
See All 21 Photos
Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
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!

Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 7094353
  • Price: $295,000
  • Year Built: 1914
  • Listing Status: Active
  • Office Name: RE/MAX Results Duluth
  • Property Sub Type: Other
Features
  • Heating System Hot Water
  • Basement Full
  • Parking Other,Gravel,Concrete
  • Exterior Features Vinyl
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State WI
  • County Douglas
  • City Superior
  • Zipcode 54880
  • Street: Banks
  • Street Number: 1028
  • Street Suffix: Avenue
  • Longitude: W93° 53' 41.5''
  • Latitude: N46° 43' 32.1''
  • Directions: Corner of Banks Ave and N 11th St
Neighborhood
  • High School District: Superior
MLS Addon
  • Office Name: RE/MAX Results Duluth
Additional Information
  • Water Source: City Water/Connected
  • Accessibility Features: None
  • Building Size: 2260
  • Construction Materials: Frame
  • Foundation Details: Permanent
  • Levels: Two
  • Lot Size Dimensions: 50x80
  • Number Of Units Total: 4
Financial
  • Tax Annual Amount: 3511
Listing Information
  • List Agent Mls Id: 880507528
  • List Office Mls Id: 26094
  • Modification Timestamp: 2026-08-05T19:46:06Z
  • Originating System Name: NorthStar
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