Section Image

Edgewater Terrace

Edgewater Terrace

Edgewater Terrace
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

1707 N Prospect Ave
Milwaukee, WI 53202
74 Units
17 Stories
1967 Year Built
$121K - $348K Value Range

Available Units

For Sale
For Rent
No Units Available

Highlights

  • 24-Hour Security
  • Rooftop Deck
  • Clubhouse
  • Elevator
  • 1 Garage Space Per Unit
  • 24 Hour Access

Established high-rise living in Milwaukee's vibrant Lower East Side

Edgewater Terrace, a 17-story condominium tower in Milwaukee's Lower East Side, has been a fixture of the neighborhood since its completion in 1967. With 74 units, this high-rise offers residents a blend of urban convenience and lakeside living. The building's simple, functional design reflects its era, providing a no-frills home base for those seeking to immerse themselves in the dynamic energy of one of Milwaukee's most sought-after neighborhoods.

Diverse layouts with stunning city and lake views

Edgewater Terrace offers a range of floor plans to suit various lifestyles, from cozy one-bedroom units to spacious three-bedroom homes. The smallest units start at 498 square feet, while the largest stretch to 1,430 square feet, providing ample space for families or those who prefer more room. One-bedroom units, ranging from 498 to 650 square feet with one to two bathrooms, are priced between $119,900 and $182,500. Two-bedroom units, spanning 926 to 1,255 square feet with two bathrooms, are available from $180,000 to $272,500. The most expansive three-bedroom units, measuring 1,255 to 1,430 square feet with two to three bathrooms, round out the offerings. Many units have been thoughtfully updated to meet modern tastes and needs. Residents can expect to find features such as quartz countertops, stainless steel appliances, and luxury vinyl flooring throughout. Some units boast custom closets by Closet Concepts, adding a touch of organization and luxury to daily life. The kitchens in updated units often feature stunning backsplashes and peninsulas that provide additional workspace and casual dining areas. One of the most coveted features of Edgewater Terrace is the abundance of natural light and the breathtaking views. Many units offer panoramic vistas of Lake Michigan, the McKinley Marina, and the city skyline, creating an ever-changing backdrop for daily life. Corner units are particularly prized for their dual-aspect views and increased natural light. Bathrooms in renovated units often include modern touches such as quartz countertops, ceramic tile floors and walls, and in some cases, luxurious additions like heated floors, rain showers, and bubble soaker tubs. The primary bedrooms in many units feature en-suite bathrooms, adding an extra layer of privacy and convenience. A notable amenity in some units is the inclusion of in-unit laundry, a feature not commonly found in buildings of this era. This, combined with the convenience of indoor parking (with some units allocated two spaces), adds significant value and practicality for residents.

Rooftop relaxation and community spaces with panoramic views

Edgewater Terrace offers a selection of amenities designed to enhance the living experience of its residents. The crown jewel of the building's shared spaces is undoubtedly the rooftop area. Here, residents can access three rooftop decks, providing ample outdoor space for relaxation, socializing, and enjoying the spectacular views of Lake Michigan and the city skyline. Adjacent to the rooftop decks is a solarium, an enclosed space that allows residents to enjoy the views year-round, regardless of Milwaukee's sometimes challenging weather. This bright, airy space serves as an extension of residents' homes, offering a place to read, work, or simply unwind while taking in the panoramic vistas. For those who enjoy entertaining, the building features a community room with a kitchenette. This versatile space can accommodate larger gatherings or serve as an alternative work-from-home location, providing a change of scenery from one's apartment. The building is equipped with laundry facilities on both the top floor and the main level, offering convenience for residents whose units may not have in-unit laundry. Storage units are available, allowing residents to maximize their living space by storing seasonal items or less frequently used belongings. Edgewater Terrace is a pet-friendly building, recognizing the importance of furry companions in many residents' lives. This policy adds to the community feel of the building and allows animal lovers to make their home complete. Security is a priority at Edgewater Terrace, with 24-hour access control systems in place to ensure residents' safety. The building also provides heated indoor parking, a valuable amenity during Milwaukee's cold winters. Climate control is another key feature, with central air conditioning and heating included in the building's systems, ensuring comfort throughout the year regardless of outside temperatures. While Edgewater Terrace may not offer the extensive list of amenities found in newer luxury buildings, its thoughtful selection of shared spaces and services, combined with its prime location, creates a comfortable and convenient living environment for its residents.

A vibrant urban locale with lakefront charm

Edgewater Terrace is situated in Milwaukee's Lower East Side, a neighborhood known for its eclectic mix of historic charm and modern urban living. This area is often compared to its namesake in New York City, boasting a similar hip, walkable vibe that attracts a diverse population of young professionals, families, and long-time residents. The heart of the neighborhood is Brady Street, a bustling thoroughfare just steps from Edgewater Terrace. This vibrant street is lined with an array of local businesses, including trendy boutiques, cozy cafes, and diverse dining options. Residents can start their day with a coffee from a local roaster, spend the afternoon browsing unique shops, and end the evening at one of the street's many popular bars or restaurants. For everyday needs, residents have several options within walking distance. Whole Foods Market, located just north of East North Avenue, provides a wide selection of organic and natural products. The family-owned Glorioso's Italian Market, a neighborhood institution for over 70 years, offers specialty items, fresh produce, and prepared foods. For quick essentials, there's a Walgreens conveniently located at the corner of East Brady Street and North Warren Avenue. The Lower East Side's dining scene is diverse and exciting. Ma Fischer's, a beloved local diner, serves classic American comfort food 24/7, perfect for late-night cravings or early morning breakfasts. For a taste of local history, residents can visit Wolski's Tavern, a cozy neighborhood bar that's been in operation since 1908. The area also boasts a variety of international cuisines, reflecting the neighborhood's diverse population. One of the neighborhood's greatest assets is its proximity to outdoor recreation spaces. The Oak Leaf Trail, popular among cyclists and joggers, is just across the street from Edgewater Terrace. A short walk leads to the shores of Lake Michigan, where residents can enjoy beaches, marinas, and waterfront parks. Veterans Park, located along the lakefront, offers walking trails, picnic areas, and hosts various events throughout the year. Cultural attractions abound in the area. The Milwaukee Art Museum, with its striking Calatrava-designed Quadracci Pavilion, is a short distance away. The Pabst Theater, one of the oldest active theaters in the United States, hosts a variety of performances throughout the year. The neighborhood comes alive during the warmer months with various events and festivals. The Brady Street Festival in July transforms the street into a lively celebration of local food, music, and art. In September, the Milwaukee Film Festival screens independent and international films at various venues throughout the city, including some in the Lower East Side. While the Lower East Side offers an urban lifestyle, it also provides easy access to nature. Besides the lakefront, residents can enjoy nearby green spaces like Back Bay Park, which features tennis courts, trails, and playgrounds, all within a 10-minute walk from Edgewater Terrace.

Well-connected urban living with multiple transit options

Edgewater Terrace's location in the Lower East Side provides residents with a variety of transportation options, making it easy to navigate both the immediate neighborhood and the broader Milwaukee area. For those who prefer public transportation, the building is well-served by the Milwaukee County Transit System (MCTS). The "Prospect & Brady" bus stop is located just a minute's walk from Edgewater Terrace, offering access to the Sherman - Wisconsin line. Another nearby stop, "Cambridge & Brady," is equally close and serves both the GreenLine and the Sherman - Wisconsin line. These bus routes provide convenient connections to downtown Milwaukee and other parts of the city. The neighborhood's high walk score reflects the ease with which residents can access daily necessities and entertainment on foot. Many of the area's attractions, including Brady Street's shops and restaurants, are within a comfortable walking distance. This pedestrian-friendly environment encourages an active, urban lifestyle and reduces dependence on personal vehicles. Cycling enthusiasts will appreciate the area's bike-friendly infrastructure. The nearby Oak Leaf Trail offers a scenic route for both commuting and leisure rides, connecting the Lower East Side to other parts of Milwaukee. The neighborhood's relatively flat terrain and bike lanes on many streets make cycling a practical transportation option for many residents. For those who need to travel further afield, Edgewater Terrace's location provides relatively easy access to major roadways. Interstate 43 is within a short drive, offering connections to other parts of Milwaukee and beyond. The proximity to downtown Milwaukee means that many workplaces and cultural attractions are within a quick car or bus ride. Residents who travel frequently will appreciate the building's proximity to General Mitchell International Airport, which is about a 20-minute drive away. This makes Edgewater Terrace a convenient home base for business travelers or those who enjoy weekend getaways. The building's heated indoor parking is a significant amenity for car owners, providing protection from Milwaukee's harsh winters and eliminating the need to search for street parking. However, the neighborhood's walkability and public transit options mean that car ownership is not a necessity for many residents. While the Lower East Side may not have the extensive public transit infrastructure of larger cities, its combination of walkability, bike-friendliness, and bus service provides residents with multiple options for getting around. This mix of transportation choices allows residents to tailor their commutes and daily travels to their personal preferences and needs, contributing to the neighborhood's appeal as a livable, accessible urban community.

Available Condos

No units matching this criteria are available right now.

Building Details

Amenities

  • Rooftop Deck
  • Clubhouse
  • Laundry Facilities
  • 24-Hour Security
  • 24 Hour Access

Parking

  • 1 Car Attached Garage
  • 1 Garage Space Per Unit

Pet Policy

  • Pets Allowed

Condo Association

  • $683 Monthly HOA Fees
  • Monthly HOA Fees Range from $467 - $683
  • Association fees include snow removal, water, sewer, common area maintenance, trash, replacement reserve, central air, heat, common area insur
  • Edgewood Terrace Condos

Building Design

  • High-Rise Condominium
  • Elevator

Unit Information

Unit
2D
16B
Beds
1 Bed
2 Beds
Baths
1 Bath
2 Baths
Sq Ft
598
998
Price
$175,000
$240,000
Price / Sq Ft
$293 / Sq Ft
$240 / Sq Ft
List Date
10/23/2024
04/11/2025

Unit Size and Value Ranges

1 Bedroom Units
Sq Ft Range
498 - 650
Est. Values
$121,257 - $296,963
2 Bedroom Units
Sq Ft Range
926 - 1,255
Est. Values
$206,785 - $345,586
3 Bedroom Units
Sq Ft Range
1,255 - 1,430
Est. Values
$295,097 - $347,807
All Units
Sq Ft Range
498 - 1,430
Est. Values
$121,257 - $347,807

Map

Area Factors

Moderate Crime

Crime Score®

5 / 10

Very Bikeable

Bike Score®

87 / 100

Walker's Paradise

Walk Score®

94 / 100

Good Transit

Transit Score®

57 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

73 / 100

--

Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

See All Agents

Property Taxes

Range in Assessed Values
$62K - $324K
Range of Taxes in Building
$1,456 - $7,647
Range of Taxes per Sq Ft
$2.92 - $9.64

Property Tax History

Source: Public Records
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.