# 1028 Banks Ave, Superior, WI 54880

> **TL;DR:** 3bd/5ba residential multi family, $329,000 ($146/sqft), built 1914, 2,260 sqft. Est. $1,426/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $329,000 |
| Price/sqft | $146 |
| Bedrooms | 3 |
| Bathrooms | 2 full |
| Square Feet | 2,260 |
| Year Built | 1914 |
| Lot Size | 3,920 sqft (0.09 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,426 |
| **Total** | **$1,426** |

## Property Highlights

- Built in 1914
- 0.09 acre lot
- 2 stories

## Description

### Agent Description
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!

## Location

- **Address:** 1028 Banks Ave, Superior, WI 54880
- **County:** Douglas County
- **Coordinates:** 46.725628, -92.105158
- **Google Maps:** https://www.google.com/maps?q=46.725628,-92.105158

## Listing Agent

- **Name:** Megan Wilson
- **Brokerage:** RE/MAX Results
- **Phone:** (952) 829-2900
- **Email:** realestateninjamegan@gmail.com

## Primary Photo

![1028 Banks Ave - Primary Photo](http://lh.rdcpix.com/80d993d8abb3a0c3d84d2929ef92cb93l-f3246282626r.jpg)

*21 total photos available on [listing page](https://www.propertysimple.com/listing/1028-banks-ave-superior-wi-54880-6126043)*

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**MLS#:** 6126043 | **Updated:** 2026-06-24
**Source:** listhub

*Copyright © 2026 Lake Superior Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1028-banks-ave-superior-wi-54880-6126043)

---

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