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$295,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • 5 Units
  • 3 Total Beds
  • Updated 12 days ago
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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 $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!

Full Property Details for 1028 Banks Ave

General

  • Price: $295,000
  • Taxes: $3,510 (2025)
  • Status: Pending
  • Type: Multi-Family
  • Source: 1402
  • MLS ID: 6126043
  • Updated: 8/14/2026
  • Added to Site: 75 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 5

Bedrooms

  • Total Bedrooms: 3

Location

  • Area: R
  • County: Douglas County
  • Driving Directions: Corner of Banks Ave and N 11th St

School Information

  • High School District: Superior (WI) #5663

Heating & Cooling

  • Heating Type: Hot Water, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: City

Structural Information

  • Construction: Frame/Wood
  • Exterior Const.: Metal
  • Basement: Yes
  • Basement Desc.: Full
  • Foundation: Poured Concrete
  • Stories/Levels: 2
  • Square Feet: 2,260
  • Year Built: 1914

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Dimensions: 50 x 80
  • Development Status: Previously Owned

Financial Considerations

  • Price Per Sq. Ft.: $130.53
  • Tax Amount: $3,510.54
  • Tax Year: 2025
  • Owner Pays: Electricity, Fuel, Lawn Care, Repairs, Snow Removal, Trash Collection, Water, Sewer
  • Tenant Pays: Internet, Cable TV

Disclosures and Reports

  • Condo: Yes
  • Legal Description: WEST SUPERIOR 1ST DIV W 80 FT OF LOTS 21 & 22 BL 103 ALC 562-641 #944164
  • Property ID: 06-806-00223-00

Listed by RE/MAX Results

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— 1028 Banks Ave —

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 1028 Banks Ave

School District:Superior School District
NameGradesDistance
Cooper Elementary School
1807 Missouri Avenue, Superior, WI 54880
PK-51 mi
Superior Middle School
3626 Hammond Avenue, Superior, WI 54880
6-82.1 mi
Superior High School
2600 Catlin Avenue, Superior, WI 54880
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions 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
8/05/2026
Price Reduced
$295,000
-10.33%
MLS
6/13/2026
Listed
$329,000
—
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
2025
$3,095
2%
$208,000
—
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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1028 Banks Ave, Superior, WI 54880 (MLS# 6126043) is a Multi-Family property with 5 units containing 3 bedrooms and 0 full bathrooms. 1028 Banks Ave is currently listed for $295,000 and was received on June 13, 2026. Want to learn more about 1028 Banks Ave? 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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