Contact Bunbury at 1-877-233-7356 or
[email protected] for more information about this property.

15 E Gilman Street,  Madison,  WI  53703 $2,400,000 Active
15 E Gilman Street,  Madison,  WI  53703
$2,400,000
Active
More Photos
 Property Type Multi Family
 Parcel # 070914407056
 County Dane
 Sub Area W01
 Municipality Madison
 MLS# 1967398
 Listing Date 11/15/2023

MLS Public Remarks  Truly unique investment opportunity in Madison's Mansion Hill district. This meticulously maintained 7-unit apartment building has been updated and restored from top to bottom, combining the neighborhood's historic class with upscale modernization. Next owner will delight in a turnkey operation with little to no maintenance. 3rd floor features a completely remodeled 3-bedroom penthouse with capitol views. Versatile property: ideal for diverse rental strategies--traditional leases at market rates, short-term rentals, or personal use of the penthouse. Steps from the Capitol Square and the shores of Lake Mendota, this building embodies a quintessential Madison experience. (Property updates, lease details, and rent roll attached in additional docs).
Documents and Related Links  
1) Addendum S
2) RECR
3) Property Updates Flyer
4) Rent Roll
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  From E. Gorham Or W. Johnson, Head North Towards Lake Mendota On Wisconsin Avenue, Right On E. Gilman.
    • BUILDING INFO  
  • Number of Units  7
  • Year Built  1909
  • # Furnaces  2
  • Heating Type  Rad Elec
  • Heating Fuel  Nat Gas
  • # Water Heaters  2
  • # Water Softeners  1
  • # Stoves  7
  • # Refrigerators  7
  • # Dish Washers  3
  • # Washers  1
  • # Dryers  1
  • # Units w/AC  0
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  3
  • Number of 2 Bedrooms  3
  • Number of 3+ Bedrooms  1
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  0
  • Net Operating Inc  0
  • Year  
    • ASSESSMENT/SCHOOLS   
  • School District  Madison
  • High School  East
  • Middle  OKeeffe
  • Elementary  Lapham/Marquette
  • Land Assessment  $200,000
  • Improvements  $780,000
  • Total Assessment  $980,000
  • Net Taxes  $18,363
  • Assessment Year  2023
  • Tax Year  2022
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  DR1 HIS-MH
  • Subdivision  Mansion Hill
  • Name of Lake/River  
  • Est. Total Acres  0.1
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Fireplace
  • Unit 2  
  • Unit 3  
  • Unit 4  
    • Landlord Pays
    Unit Bedrooms Full Baths Half Baths Lease Expiration Date Month Rent Fin Sq.Ft Parking Elec Heat W/S
    1 1 1 0 8/14/24 $1000 874 None Yes Yes Yes
    2 1 1 0 8/15/25 $1300 500 None Yes Yes Yes
    3 1 1 0 8/14/24 $1400 750 None Yes Yes Yes
    4 2 1 0 N/A $2000 1,100 None Yes Yes Yes
    Items Included All appliances, window coverings, water softener.
    Items Excluded  Tenant & owners personal property
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Finished, Full, Poured Concrete Foundation, Walkout
    • EXTERIOR FEATURES  
  • Type   3 story, Apartment building
  • Parking per Unit  None
  • Barrier-free Features  First floor full bath, Level lot, Open floor plan
  • Exterior  Brick, Stucco
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  
  • Legal Documents  Condition report on file, Lease(s) on file
  • Miscellaneous  Fenced yard, Shared laundry, Water Softener Owned



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Bruner Realty & Management