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This Wisconsin Apartment Sale Shows the Advantage of a Location Between Two Big Cities

Nearby Milwaukee Rental Demand, Vacancy and Sales Are All at Their Strongest Levels in Years

The Reserve at Kenosha, a 480-unit apartment complex in southeast Wisconsin, recently traded hands. (CoStar)
The Reserve at Kenosha, a 480-unit apartment complex in southeast Wisconsin, recently traded hands. (CoStar)

An apartment complex traded hands in a city about halfway between Milwaukee and Chicago along Lake Michigan in a deal that brokerage Berkadia described as the largest multifamily sale recorded in Wisconsin. It shows the benefits of being near the biggest cities in Illinois and in Wisconsin.

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