Marcus & Millichap Inc.
04/20/2026 | Press release | Distributed by Public on 04/20/2026 16:47
Marcus & Millichap Arranges $3.53M Sale of 40-Unit Multifamily Property in Milwaukee
Press Releases
Marcus & Millichap Arranges $3.53M Sale of 40-Unit Multifamily Property in Milwaukee
April 20, 2026
LinkedIn Email App
MILWAUKEE, April 20, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Kane Place Apartments, a 40-unit multifamily property in Milwaukee, Wisconsin. The property sold for $3,525,000, or $88,125 per unit.
"Given the seller's 1031 exchange timeline, we implemented a highly targeted and proactive marketing strategy to quickly generate qualified interest and drive competition," said Blake Hanlon, senior director investments. "Through direct outreach and coordinated property tours, we were able to secure a buyer within weeks and go under contract at nearly full asking price."
Hanlon and Mark Peltin, investment specialists in Marcus & Millichap's Milwaukee office, had the exclusive listing to market the property on behalf of the seller, local investors. Oaklander, LLC purchased the property.
"Despite challenges during due diligence due to the building's age, all parties remained aligned and solutions-oriented, allowing us to close in just 58 days," Hanlon added. "The Lower East Side continues to be a highly desirable neighborhood, and we expect sustained investor interest driven by its proximity to downtown, the lakefront and several nearby universities."
Built in 1896, the 17,510-square-foot property is situated on a 0.21-acre parcel and is fully leased with a unit mix of 30 studios and 10 one-bedroom apartments. The property benefits from its location in Milwaukee's Lower East Side, within walking distance of the lakefront, downtown, and a variety of restaurants and bars.
"Given the seller's 1031 exchange timeline, we implemented a highly targeted and proactive marketing strategy to quickly generate qualified interest and drive competition," said Blake Hanlon, senior director investments. "Through direct outreach and coordinated property tours, we were able to secure a buyer within weeks and go under contract at nearly full asking price."
Hanlon and Mark Peltin, investment specialists in Marcus & Millichap's Milwaukee office, had the exclusive listing to market the property on behalf of the seller, local investors. Oaklander, LLC purchased the property.
"Despite challenges during due diligence due to the building's age, all parties remained aligned and solutions-oriented, allowing us to close in just 58 days," Hanlon added. "The Lower East Side continues to be a highly desirable neighborhood, and we expect sustained investor interest driven by its proximity to downtown, the lakefront and several nearby universities."
Built in 1896, the 17,510-square-foot property is situated on a 0.21-acre parcel and is fully leased with a unit mix of 30 studios and 10 one-bedroom apartments. The property benefits from its location in Milwaukee's Lower East Side, within walking distance of the lakefront, downtown, and a variety of restaurants and bars.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on April 20, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 20, 2026 at 22:47 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]