773-251-7342
5800 3rd Ave, Kenosha, WI for Sale
Apartments - FOR SALE
1/5
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5800 3rd Ave
Kenosha, WI 53140
Downtown Kenosha


HIGHLIGHTS

  • 182 Units | 100% Projected-Based 8 | Elderly Designated Housing
  • 20-Year, Option 2, HAP Contract Renewal in 2010 (Expires March 31, 2030
  • Located in a Qualified Census Tract (130% basis) for Low Income Housing Tax Credit rehabilitation
  • Over $400,000 of recent property improvements including lobby remodeling and boiler replacement

OVERVIEW

Lakeside Towers presents a rare opportunity to acquire a fully stabilized, elderly designated, 100% project-based Section 8 property. Located on the shore of Lake Michigan in downtown Kenosha, this 10-story, 182-unit senior housing tower enjoys a prime location with lakefront views, strong community amenities, and a long-term HUD HAP contract in place through March 2030. With steady income backed by federal subsidy, below-market rents, and a limited supply of comparable properties, Lakeside Towers offers durable cash flow, downside protection, and long-term investment stability.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

182

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakeside Towers Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

10

YEAR BUILT

1980

PARKING SPACES

92

LAND DETAILS

LAND ACRES

2.17 AC

LAND SF

94,525 SF

ZONING

RM-2

APN/PARCEL ID

12-223-32-352-010

ASK ABOUT THIS PROPERTY

Reid Bennett, CCIMSVN - Chicago CommercialMore Info
773-251-7342

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Reid Bennett, CCIMSVN - Chicago CommercialMore Info
773-251-7342

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.