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$350,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
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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 $4,055 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

Full Property Details for 1028 Banks Ave

General

  • Price: $350,000
  • Taxes: $3,441 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6807647
  • Updated: 10/28/2025
  • Added to Site: 88 day(s) ago

Parking

  • Parking Features: Other

Location

  • County: Douglas
  • Subdivision: West Superior 01 Div
  • Driving Directions: Corner of Banks Ave and N 11th St

School Information

  • School District: 5663 - Superior
  • High School District: Superior

Heating & Cooling

  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Metal Siding
  • Basement: Yes
  • Basement Desc.: Full, Concrete
  • Foundation Size: 2260
  • Disability Access: None
  • Square Feet: 2,260
  • Above Ground: 2,260 Sq. Ft.
  • Finished Down/Base.: 2,260 Sq. Ft.
  • Year Built: 1914

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Dimensions: 50 x 80
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $11,520
  • Tax Amount: $3,441
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: WEST SUPERIOR 1ST DIV W 80 FT OF LOTS 21 & 22 BL 103 ALC 562-641 #944164
  • Property ID: 68060022300

Listed by RE/MAX Results Duluth

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— 1028 Banks Ave —

  • RE/MAX Results Duluth

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Schools serving 1028 Banks Ave

School District:Superior School District
NameGradesDistance
Superior High School
2600 Catlin Avenue, Superior, WI 54880
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1028 Banks Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/28/2025
Price Reduced
$350,000
-5.15%
MLS
10/21/2025
Listed
$369,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1028 Banks Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,025
30%
$208,000
102%
2023
$2,333
9%
$103,100
—
2022
$2,150
-5%
$103,100
—
2021
$2,266
1%
$103,100
—
2020
$2,243
-4%
$103,100
—
2019
$2,342
—
$103,100
—
2018
$2,335
-3%
$103,100
—
2017
$2,416
-2%
$103,100
—
2016
$2,458
5%
$103,100
—
2015
$2,352
-2%
$103,100
—
2014
$2,393
-1%
$103,100
—
2013
$2,412
—
$103,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by RE/MAX Results Duluth

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1028 Banks Avenue, Superior, WI 54880 (MLS# 6807647) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1028 Banks Avenue is currently listed for $350,000 and was received on October 21, 2025. Want to learn more about 1028 Banks Avenue? Do you have questions about finding other Multi-Family real estate for sale in Superior? You can browse all Superior real estate or contact a Coldwell Banker agent to request more information.

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