News Summary
Milwaukee’s robust apartment market is highlighted by the $19.2 million sale of the Malt House in the Brewery District, now home to 118 modern apartments. The transaction reflects ongoing investment interest, with rising home sales and competitive market conditions amid nationwide trends. As investments continue to flow into Milwaukee’s real estate, the Brewery District evolves into a vibrant community hub, showcasing urban revitalization efforts that cater to modern lifestyles.
Milwaukee is experiencing a robust apartment market, underscored by the recent sale of the Malt House, a significant property in the Brewery District, for $19.2 million. This landmark building, originally constructed in 1882, has been modernized and converted into 118 apartments with rental rates ranging from $1,495 to $2,975. The acquisition was made by a joint venture led by Chicago-based Midloch Investment Partners and Minnesota-based Hempel Real Estate, highlighting continued investment interest in the area.
The Malt House, which spans 158,500 square feet, was sold by Milwaukee Pabst Holdings LLC as part of the redevelopment of the former Pabst Brewery complex. This development has been pivotal in revitalizing the Brewery District, which now includes multiple apartment buildings, hotels, new breweries, and office spaces. The current assessed value of the Malt House is approximately $13.6 million, indicating a sale price that exceeds expectations.
The transaction signifies not only the ongoing strength of Milwaukee’s real estate market but also the trend of increasing home sales across the sector. Milwaukee’s housing market demonstrates resilience amid a nationwide cooling trend, with home sales rising by 12% year over year alongside an 8.2% increase in median home prices. Despite a modest increase in inventory, which stands at 3.2%, the local market remains competitive, often resulting in homes sold above their listing prices.
A report from Redfin reveals that while the housing market is not as frenetic as it was during the pandemic, properties continue to sell quickly due to ongoing inventory shortages, with recent listings receiving offers in a matter of hours. A representative from Redfin noted that homeowners are hesitant to sell, fearing the loss of favorable mortgage rates established during the pandemic. This trend contributes significantly to the tight market conditions.
Continued Development in Milwaukee
The current vitality of the Milwaukee apartment market is also reflected in the transaction of a smaller property. An affiliate of Three Leaf Partners recently sold a three-unit apartment building at 1245 N. Milwaukee St. for $1.85 million. This building, which represents the developer’s first project, was constructed in 2020 and speaks to the increasing demand for housing options in urban areas of the city.
Broader Market Dynamics
The Malt House’s sale is part of a larger narrative that includes various amenities and offerings in the Brewery District, such as a fitness center, coworking spaces, and rooftop decks that cater to modern urban lifestyles. Nearby properties, including Playbill Flats and the 3rd St. Market Hall, exemplify the overall revitalization efforts within this historic neighborhood.
Milwaukee’s stable economic environment and the continued influx of investments into its real estate sector signal a positive outlook for future developments. The transformation of the Brewery District from its industrial past into a vibrant community hub reflects the broader trends in urban development, where adapted historical buildings meet contemporary living demands.
The ongoing activity in Milwaukee’s housing market continues to draw attention as both residents and investors recognize the potential of this thriving city. With the demand for multifamily housing expected to persist, Milwaukee’s apartment market is well-positioned for future growth.
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Additional Resources
- BizTimes: The Malt House Apartment Building Sold for $19 Million
- Redfin: Metros Heating & Cooling August 2025
- JSONline: Milwaukee Housing Market Stays Hot
- Fox 6 Now: Milwaukee Penthouse Sale
- Urban Milwaukee: Large Pabst Apartment Complex Sold
- Wikipedia: Milwaukee
Author: STAFF HERE MILWAUKEE WRITER
MILWAUKEE STAFF WRITER The MILWAUKEE STAFF WRITER represents the experienced team at HEREMilwaukee.com, your go-to source for actionable local news and information in Milwaukee, Milwaukee County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Summerfest, Milwaukee Film Festival, and the Milwaukee Boat Show. Our coverage extends to key organizations like the Metropolitan Milwaukee Association of Commerce and Visit Milwaukee, plus leading businesses in manufacturing and brewing that power the local economy such as Harley-Davidson and MillerCoors. As part of the broader HERE network, we provide comprehensive, credible insights into Wisconsin's dynamic landscape.
