Affordable Housing Listings

Hubbard Street
Units: 51

Hubbard Street Apartments is a 51-unit apartment community built in 2005 through the Low Income Housing Tax Credit program in the vibrant Riverwest area of downtown Milwaukee, Wisconsin. The unit mix is comprised of 25 One Bedrooms and 26 Two Bedrooms. 46 of the 51 units are tax credit set-aside units subject to rent and income restrictions, while 5 units are market-rate. Hubbard Street offers investors the rare opportunity to purchase a fully-occupied affordable housing investment property in the heart of Milwaukee’s growth corridor including significant long-term rent potential when the tax credit rent restrictions expire, all at a price $30,000 - $80,000 per unit below recently traded downtown apartment properties.

Featured Listing

East High Apartments
Units: 55

East High Apartments is an award-winning redevelopment of a former high school into 55 apartment units near downtown Wausau, WI.  The $7.7 million renovation was part of the Section 42 tax credit rehabilitation program in 2005/2006. East High has excellent visibility with an attractive brick exterior, and the building’s character was tastefully preserved by the developers. East High was recognized as the recipient of Wisconsin’s Historical Society’s Restoration Award in 2006, and ranks as one of the finest historic tax credit renovations ever completed in the state.  With easy-to-rent units and common area amenities that are unrivaled in the submarket, the Property is poised to continue operating at 100% occupancy levels, thereby providing strong cash flow and superior total returns to the next owner. 

Marshall School
Units: 55

Marshall School Apartments is an award-winning, Section 42 redevelopment project of a former high school into 55 apartment units located on the Rock River in downtown Janesville. The property currently supports 22 market rate apartments, and with LURA expiring in 10 years on 33 units, there is significant rent upside.  Individual units feature one-of-a-kind floorplans, full-kitchen appliance packages, walk-in closets, and central air conditioning and heating. This is a very unique investment opportunity located in a diverse and resurging downtown Janesville with low market vacancies.


Prairie Park
Units: 96

Prairie Park is a signature, older-adult tax credit property with a superior occupancy history in a prime location on Madison’s affluent west side. The building offers a business, activity and fitness center. The property offers a variety of floor plans, and each unit features an in-unit washer/dryer, central heat and air conditioning, an open-kitchen concept complete with a full appliance package, a patio or balcony and large bedrooms and bathrooms. With the growing demographic of senior renters, the property is poised for future rent growth.  Current in-place 
monthly rents are $7,400 below current maximum allowable tax credit rent levels.  The Property is offered subject to a Land Use Restriction Agreement (LURA) that expires on December 31, 2032.


Villa West
Units: 170

Villa West is a 170-unit Elderly Section 8 apartment community located in the City of Green Bay, WI. The property is comprised of 10 two-story buildings, one community center and office, and one free-standing maintenance facility. Villa West is comprised of 1 Bedroom/1 Bath units that feature a refrigerator, range/oven, window coverings, storage closets, and on-site parking, all located on an expansive 7.5-acre site.


Hanover Square
Units: 65

Hanover Square is a 65-unit apartment community developed in 2001-2002 on roughly 4.17 acres of land on the east side of Madison, Wisconsin.  The property is comprised of one 3-story building with 33 units and underground parking (2461 Old Camden Square), and three townhouse-style buildings totaling 32 units, each equipped with a private attached garage. The unit mix is spread across one, two, and three bedroom floor plans. Apartment occupancy has been an exemplary 98.5% since 2012.


Jefferson School
Units: 35

Jefferson School Apartments are a 35-unit apartment property in the City of Jefferson, WI.  Formally home to the area middle school, the property underwent a major, historic renovation as 
part of a Section 42 tax credit rehabilitation program in 2001. Unit amenities include: loft ceilings and oversized windows, spacious floor plans, full central air conditioning.  Ample outdoor parking is also available.


Units: 36

Amity is an affordable rental community in the city of West Bend, WI. The property underwent a comprehensive renovation in 2002-2003. The building was previously home to Amity Leather 
warehouse.  The apartments are best-in-class in the market, featuring high ceilings, large windows and generous floor plans with units as large as 1,800 square feet  The property has an elevator, on-site office, community room and fitness room.


Rock Bay Harbor
Units: 97

Rock Bay Harbor is a 97-unit apartment building Beloit, Wisconsin.  The property is comprised of one three-story property, along with ample outdoor parking and a gazebo.  Each apartment is furnished with a patio or balcony, and full kitchen. The property also features heated underground parking stalls, an on-site office, community room with full kitchen, and on-site 
laundry. Rock Bay Harbor is a well-maintained property designated for seniors with a superior the growing demographic of senior renters, the property is poised for future rent growth and strong occupancies for investors.


Arcade on the Lake
Units: 79

Arcade on the Lake is an attractive offering of 75 renovated apartment units and 4 commercial suites located in downtown Racine, Wisconsin.  Tenants pay the electricity and a portion of their forced heat and air-conditioning (via in-unit electric blowers). The property boasts spacious one-of-a-kind floor plans, full kitchen appliance packages and central air conditioning.  The current owners have steadily reinvested in capital improvements over the trailing 4 years.


Featured Closings

Green Bay


170-unit Apartment



65-unit Apartment



79-unit Apartment

 2011 - 2018

Dean Realty Group, Inc. 

1667 Capital Avenue, Suite D, Madison, Wisconsin 53705