15 E Gilman St

Madison, WI 53703 View Map $2,400,000 Schedule a Tour
Acres0.1
Year1909
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Status: Active
Property Type:3 Story
MLS #:1967398
On Site:157 Days
Lot Size:0.1 Acres
County:Dane

Listing Office

Office:Bruner Realty & Management
Broker Phone:608-333-5301
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).

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
3/22/2024$2,800,000$2,400,000-14.3%

Community Information

Address:15 E Gilman St, Madison, WI 53703
County:Dane
City:Madison
Subdivision:Mansion Hill
Zip Code:53703

School Information

School System:Madison
High School:East
Middle School:OKeeffe
Elementary School:Lapham/Marquette

Architecture

Year Built:1909
Exterior: Brick, Stucco
Construction Type: Apartment building, 3 story
Unit 1 Bedrooms: 1
Unit 1 Bathrooms: 1 Full
Unit 1 Sq. Ft.: 874
Unit 2 Bedrooms: 1
Unit 2 Bathrooms: 1 Full
Unit 2 Sq. Ft.: 500
Unit 3 Bedrooms: 1
Unit 3 Bathrooms: 1 Full
Unit 3 Sq. Ft.: 750
Unit 4 Bedrooms: 2
Unit 4 Bathrooms: 1 Full
Unit 4 Sq. Ft.: 1100
Basement: Full, Walkout to yard, Finished, Poured concrete foundatn

Features / Amenities

Heating: Radiant
Fuel: Natural Gas

Property Features

Lot Size: 0.1 Acres
Water / Waste: Municipal sewer, Municipal water
Zoning:DR1 HIS-MH
Directions:From E. Gorham or W. Johnson, head north towards Lake Mendota on Wisconsin Avenue, right on E. Gilman.

Tax and Financial Info

Tax Year: 2022
Net Taxes: $18,363
Total Assess: $980,000 / 2023
Unit 1 Rent: $1,000 / month
Unit 2 Rent: $1,200 / month
Unit 3 Rent: $1,400 / month
Unit 4 Rent: $1,400 / month
Total Income: $92,400
Legal Documents: Condition report on file, Lease(s) on file

Schools

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15 E Gilman St Madison,  WI 53703
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15 E Gilman St Madison, WI 53703
 
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Listing Information Last Updated 4/19/2024
Copyright 2024 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify perspective properties consumers may be interested in purchasing. This information, provided by seller, listing broker, and other parties, may not have been verified.