Looking for a 2-4 Unit Building in the 5th Ward

[John Franczyk]

My son and I are in the early stages of looking for a 2-4 unit building in the 5th Ward/near southwest side of Milwaukee. The target area is roughly a one-mile radius around the corner of Mitchell & 11th. This is primarily a project to get my son into the RE investment world. He is a currently furniture designer and builder. He has already done a lot of window renovation work in some of the older, historical buildings on the east side of Milwaukee and he wants to use this project to expand his horizons into more extensive interior renovations.

The ideal project would be something that does not need immediate work but that would benefit from upgrades and renovations over a period of 3-5 years. He might live in one of the units and house-hack. That decision will be driven by the number of units in the building and the building's cash-flow. The timing would be to close the deal in mid- to late-summer 2021. Due to other commitments we would likely not start looking for a target building until late March/early April. I'm putting this out there now to plant a seed for the near future.