MLS# 6122572 - 1028 Banks Ave Superior, WI 54880

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!

RE/MAX Results is the brokerage office representing the owner for this listing.
© Copyright 2025, Duluth Area Assn of REALTORS.
The information provided is considered reliable but is not warranted. IDX information is exclusively for the personal, non-commercial use of consumers, and should only be used for the purpose of identifying prospective properties that consumers may be interested in purchasing.
Data Source: DAAR
Move It Real Estate - Grand Rapids is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Move It Real Estate - Grand Rapids, a broker participant of Duluth Area Assn of REALTORS. Data last updated: Oct 30 2025 1:58PM.