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Sheridan Apartments 3575 N Oakland Ave 44 Unit Apartment Building $7,000,000 ($159,091/Unit) Shorewood, WI 53211
Investment Highlights
- Asset Type: Five-story mixed-use building (Multifamily/Retail)
- Year Built/Renovated: Originally built in 1962; major renovations in 2009 and 2019
- Elevator: Recently updated in 2025; serves all five floors and the lower level
- Total Units: 44 residential units + 7,344 SF of ground-floor retail
- Parking: 57 off-street parking spaces
- Great Location: Walkable to shops and restaurants with quick access to I-43
Executive Summary
The Sheridan, built in 1962 and renovated in 2009 and 2019, is a five-story mixed-use asset featuring 44 residential units and 7,344 SF of stabilized ground-floor retail. The residential mix includes 43 two-bedroom units and one one-bedroom unit, with bath configurations ranging from one to two baths. Common areas and units have been updated, enhancing tenant appeal and operational efficiency.
The retail component is leased to McCade Insurance Agency, Exercise Coach, Beu Face & Body Lounge, and Tenderness Health Care, providing diversified, long-term income.
A recently updated elevator (2025) serves all five floors and the lower level, which includes laundry facilities, storage lockers, and access to 57 off-street parking spaces.
Located just south of Oakland Ave and Capitol Dr, the property sits near the UW–Milwaukee campus and is walkable to restaurants, shops, and entertainment, with quick access to the I-43 interchange. This high-demand location supports strong occupancy and rent growth potential.
The retail component is leased to McCade Insurance Agency, Exercise Coach, Beu Face & Body Lounge, and Tenderness Health Care, providing diversified, long-term income.
A recently updated elevator (2025) serves all five floors and the lower level, which includes laundry facilities, storage lockers, and access to 57 off-street parking spaces.
Located just south of Oakland Ave and Capitol Dr, the property sits near the UW–Milwaukee campus and is walkable to restaurants, shops, and entertainment, with quick access to the I-43 interchange. This high-demand location supports strong occupancy and rent growth potential.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Security System
- On-Site Retail
- Recycling
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 1,000 |
| 2+1 | 20 | - | 1,000 |
| 2+1.5 | 19 | - | 1,000 |
| 2+2 | 4 | - | 1,000 |
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 275-1181-000 | Improvements Assessment | $3,206,500 |
| Land Assessment | $666,700 | Total Assessment | $3,873,200 |
Property Taxes
Parcel Number
275-1181-000
Land Assessment
$666,700
Improvements Assessment
$3,206,500
Total Assessment
$3,873,200
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Sheridan Apartments | 3575 N Oakland Ave
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