15 East Gilman Street

Madison, WI 53703

$2,400,000
Price
5
Beds
4
Baths
3,224 Sq. Ft.
$744 / Sq. Ft.
3,224
Sq. Ft.
$744
per Sq. Ft.

Description

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,...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).
  1. Listed by Matt Lindholm • Bruner Realty & Management • Pref: 608-333-5301

Property Details for 15 East Gilman Street

Subdivision
Mansion Hill
Zoning
DR1 HIS-MH

Location

Listing Courtesy of Bruner Realty & Management
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LISTING UPDATED: 03/22/2024 03:18 PM

Property Details for 15 East Gilman Street

StatusActive
MLS #1967398
Days on Market166
Taxes$18,363 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Apartment building
Year Built1909
CountyDane County

Location

Listing Courtesy of Bruner Realty & Management
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Building Information for 15 East Gilman Street

Building/Complex15 E Gilman StFloor-Stories-Residences7Pet Policy-Year Built1909Building Size-

Payment Calculator

$14,628 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,098

Property Taxes

$1,530

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 15 East Gilman Street

Summary
Location and General Information
  • C/T/V: City
  • County: Dane
  • County Qtr Section: West Metro Madison
  • Directions: From E. Gorham or W. Johnson, head north towards Lake Mendota on Wisconsin Avenue, right on E. Gilman.
  • Location: MADISON - C W01
  • Mailing City: Madison
  • Municipality: Madison
  • State: WI
  • Zip: 53703
Parking
  • Park/Unit: None
  • Parking Spaces Outside: 0
  • Parking Stalls Inside: 0
School Information
  • Elementary: Lapham/Marquette
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison
Taxes and HOA Information
  • Net Taxes: $18,363.00
  • Parcel ID: 070914407056
  • Tax Year: 2022
Virtual Tour
Property
Property and Assessments
  • Class: Multi Family
  • Improvements: 780000
  • Land Assess: $200,000.00
  • Legal Documents: Lease(s) on file, Condition report on file
  • Miscellaneous: Shared laundry, Water Softener Owned, Fenced yard
  • Total Assess: $980,000.00
  • Total Assess Year: 2023
  • Type: Apartment building, 3 story
  • Year Built: 1909
Lot Information
  • Estimated Total Acres: 0.1
  • Source of Est. Acres: Assessor
  • Source of Year Built: Assessor
Utilities
  • Water/Waste: Municipal sewer, Municipal water
Interior and Exterior Features
Exterior Features
  • Exterior: Brick, Stucco
Interior Features
  • Items Included: All appliances, window coverings, water softener.
  • Items Excluded: Tenant & owners personal property
  • Number of Dish Washers: 3
  • Number of Dryers: 1
  • Number of Furnaces: 2
  • Number of Stoves: 7
  • Number of Refrigerators: 7
  • Number of Washers: 1
  • Number of Water Heaters: 2
  • Number of Water Softeners: 1
  • Barrier-free: Open floor plan, First floor full bath, Level lot
  • Basement: Full, Walkout to yard, Finished, Poured concrete foundatn
  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Number of Efficiencies: 0
Room Information
Bedrooms
  • Number of 1 Bedrooms: 3
  • Number of 2 Bedrooms: 3
  • Number of 3+ Bedrooms: 1
Multi Family
Unit Information
  • Number of Units w/AC: 0
  • Number of Units: 7
Income & Expenses Information
  • Total Income: $92,400
Unit 1
  • U1 Landlord Pays Heat: Yes
  • U1 Landlord Pays Electric: Yes
  • U1 Landlord Pays Water/Sewer: Yes
  • Unit 1: Fireplace
  • U1 Parking: None
  • U1 Number of Bedrooms: 1
  • U1 Full Baths: 1
  • U1 Half Baths: 0
  • U1 SqFt: 874
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Primary BedRoom Level: M
  • Unit 1 Kitchen Dimensions: 0x0
  • Unit 1 Living/Great Room Dimensions: 0x0
  • Unit 1 Primary BedRoom Dimensions: 0x0
Unit 2
  • U2 Landlord Pays Heat: Yes
  • U2 Landlord Pays Electric: Yes
  • U2 Landlord Pays Water/Sewer: Yes
  • Unit 2: #2
  • U2 Parking: None
  • U2 Number of Bedrooms: 1
  • U2 Full Baths: 1
  • U2 Half Baths: 0
  • U2 SqFt: 500
Unit 3
  • Unit 3: #3
  • U3 Parking: None
  • U3 Number of Bedrooms: 1
  • U3 Full Baths: 1
  • U3 Half Baths: 0
  • U3 SqFt: 750
  • U3 Landlord Pays Heat: Yes
  • U3 Landlord Pays Electric: Yes
  • U3 Landlord Pays Water/Sewer: Yes
Unit 4
  • Unit 4: #4
  • U4 Half Baths: 0
  • U4 Parking: None
  • U4 Number of Bedrooms: 2
  • U4 Full Baths: 1
  • U4 Landlord Pays Heat: Yes
  • U4 Landlord Pays Electric: Yes
  • U4 Landlord Pays Water/Sewer: Yes
  • U4 SqFt: 1100

Property History for 15 East Gilman Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 15 East Gilman Street

Taxable ValueLand$182,000Additions$749,000Total$931,000
Tax Record2021$19,929 ($1,661 / month)
Home Facts
Baths7Total Finished SqFt5,658 SqFtAbove Grade Finished SqFt5,658 SqFtStories2Lot Size4,928 SqFtStyleMulti-Family Res (5+ Units)Year Built1909Year Renovated1956ZoningDR1 HIS-MHCountyDANEAPN0709-144-0705-6Fireplace TypeHas Fireplace

Schools near 15 East Gilman Street

This home is within Madison Metropolitan School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 6 to 8
Public - 9 to 12
Public - 4 to 12
Rating
School
Distance
Lapham Elementary School
PublicPK to 2

O'keeffe Middle School
Public6 to 8

East High School
Public9 to 12

Metro School
Public4 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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15 East Gilman Street is a multi-family home for sale in Madison, WI 53703. This property was listed for sale on November 15, 2023 by Bruner Realty & Management, it's currently listed at $2,400,000. It has been on the market for a total of 166 days and was last sold on January 21, 2020. This listing's school district is Madison Metropolitan School District. Nearby schools include Lapham Elementary School, O'keeffe Middle School and East High School. 15 East Gilman Street is a 5-bed, 4-bath, 3,224 sqft multi-family home built in 1909.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bruner Realty & Management

Based on information from one of the following Multiple Listing Services: Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 03/22/2024 03:18 PM Listing presented by Compass RE WI-Tosa. Information is supplied by seller and other third parties and has not been verified. Copyright 2024 – WiREx. – All Rights Reserved