Pending

Price cut: $34K (8/5)

$295,000

1028 Banks Ave, Superior, WI 54880

3beds

4baths

2,260sqft

$1,910/mo

Get pre-qualified

Multi Family

Built in 1914

-- sqft lot

$278,100 Zestimate^®

$131/sqft

$-- HOA

What's special

Solid well-maintained propertyTwo studio apartments

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!

83 days
69
1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 4

Heating

Hot Water, Natural Gas

Features

Basement: Full

Interior area

Total interior livable area: 2,260 sqft
Finished area above ground: 2,260
Finished area below ground: 0

Property

Parking

Parking features: None

Lot

Size: 3,920 Square Feet
Dimensions: 50 x 80

Details

Parcel number: 068060022300

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Metal, Frame/Wood
Foundation: Concrete Perimeter

Condition

Previously Owned
Year built: 1914

Utilities & green energy

Electric: SWL&P
Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Superior

Financial & listing details

Price per square foot: $131/sqft
Annual tax amount: $3,510
Date on market: 6/13/2026
Cumulative days on market: 75 days
Tenant pays: Internet, Cable TV

Estimated market value

$278,100

$264,000 - $292,000

$1,277/mo

Price history

Date	Event	Price
8/14/2026	Pending sale	$295,000$131/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6126043 Report a problem
8/5/2026	Price change	$295,000-10.3%$131/sqft
Source: WIREX MLS #6126043 Report a problem
6/13/2026	Listed for sale	$329,000-6%$146/sqft
Source: WIREX MLS #6126043 Report a problem
2/8/2026	Listing removed	$800
Source: Zillow Rentals Report a problem
2/1/2026	Listing removed	$350,000$155/sqft
Source: WIREX MLS #6122572 Report a problem
1/28/2026	Listed for rent	$800-5.9%
Source: Zillow Rentals Report a problem
10/28/2025	Price change	$350,000-5.1%$155/sqft
Source: WIREX MLS #6122572 Report a problem
10/21/2025	Listed for sale	$369,000$163/sqft
Source: WIREX MLS #6122572 Report a problem
4/10/2025	Listing removed	$850
Source: Zillow Rentals Report a problem
4/2/2025	Listed for rent	$850
Source: Zillow Rentals Report a problem