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1028 Banks Ave, Superior, WI 54880

Superior
Local realty services provided by:CENTURY 21 Atwood
1028 Banks Ave,Superior, WI 54880
$329,000
  • 3 Beds
  • 5 Baths
  • 2,260 sq. ft.
  • Multi-family
  • Active
Listed by: megan wilson
Office: re/max results
MLS#:6126043
Source:MN_DAAR

Price summary

  • Price:$329,000
  • Price per sq. ft.:$145.58

About this home

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!

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Home facts

  • Year built:1914
  • Listing ID #:6126043
  • Added:1 day(s) ago
  • Updated:June 14, 2026 at 02:38 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:5
  • Basement:Yes
  • Basement Description:Full
  • Living area:2,260 sq. ft.

Heating and cooling

  • Heating:Hot Water, Natural Gas

Structure and exterior

  • Year built:1914
  • Building area:2,260 sq. ft.
  • Lot area:0.09 Acres
  • Construction Materials:Metal
  • Foundation Description:Poured Concrete

Utilities

  • Water:City

Finances and disclosures

  • Price:$329,000
  • Price per sq. ft.:$145.58
  • Tax amount:$3,511 (2025)
2026, Lake Superior Area REALTORS, Inc. MN_DAAR Member Broker: Kevin Sharkey

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