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Location

1016 S 5th St, Milwaukee, WI 53204, USA|Walker's Point

Floor plans

1016 S 5th St - Schaeffer Block - 6Studio1 bath910 sqftCheck out your new home at Schaeffer Block! Available October 1st, 2024. From world-class dining to local artisans, shopping, and music, Walkers Point/Harbor View is a hot spot for the active and adventurous -- and Schaeffer Block stands at the center of it all! This large studio features hardwood floors, extra high ceilings, closet space, and a spacious kitchen! No air conditioning, but feel free to bring a window unit. Only a 30-minute walk to sparkling Lake Michigan. Walker's Point has become a restaurant hotspot in Milwaukee. Newer lofts mingle side-by-side with older brick apartment buildings in this quasi-industrial, trendy neighborhood, which sits immediately southwest of Milwaukee's downtown. As you stroll the streets past the neighborhood's mix of popular bars and tapas joints, you'll find an incredible mix of upscale choice. Restaurants in Walker's Point tend to use locally-sourced food, some from artisanal producers right in the neighborhood. National Avenue and Interstate 4
1016 S 5th St - Schaeffer Block - 31 bed1 bath910 sqft
1016 S 5th St - Schaeffer Block - 61 bed1 bath910 sqft
1016 S 5th St - Schaeffer Block - 21 bed1 bath1,075 sqft
1016 S 5th St - Schaeffer Block - 21 bed1 bath910 sqftAVAILABLE NOW! PARKING (2-CAR, TANDEM STYLE) INCLUDED IN RENT! From world-class dining to local artisans, shopping, and music, Walkers Point/Harbor View is a hot spot for the active and adventurous -- and Schaeffer Block stands at the center of it all! This large studio features hardwood floors, extra high ceilings, closet space, and a spacious kitchen! Only a 30-minute walk to sparkling Lake Michigan. Walker's Point has become a restaurant hotspot in Milwaukee. Newer lofts mingle side-by-side with older brick apartment buildings in this quasi-industrial, trendy neighborhood, which sits immediately southwest of Milwaukee's downtown. As you stroll the streets past the neighborhood's mix of popular bars and tapas joints, you'll find an incredible mix of upscale choice. Restaurants in Walker's Point tend to use locally-sourced food, some from artisanal producers right in the neighborhood. National Avenue and Interstate 43 serve as the major thoroughfares in this part of Milwaukee, making
1016 S 5th St - Schaeffer Block - 12 bed1 bath1,075 sqftWelcome to your new home at the charming Shaeffer Block building located on 5th Street in Milwaukee's desirable Walker's Point neighborhood! Schaeffer Block is a mixed use site, consisting of six residential apartment homes, and two commercial tenants on the ground level. Studio 84 Tattoo Co. and Stasi Salon occupy the commercial spaces. Schaeffer Block unit #1 is a fully updated two-bedroom apartment home located in a charming, historic building in Milwaukee's up-and-coming Walker's Point neighborhood! Unit features include hardwood floors throughout, two spacious bedrooms with closets, and a fully appointed modern kitchen with appliances included. Included in your rent: Off-street parking spots Laundry room (on-site) Storage lockers Water, sewer & trash removal Only a few steps from Walkers Point's trendy dining and nightlife! Don't miss out on the opportunity to make this your next home! Call us today at (414) 882-8777 ext. 707

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Our team has verified this company

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Studio–2 Beds

$1,314–$4,266

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Studio–2 Beds

$1,300–$3,000

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Historic Third Ward • 321 N Jefferson St

1–2 Beds

$1,850–$2,625

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$1,795–$3,495

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Historic Third Ward • 222 E Chicago St

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$1,525–$1,975

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Rent trends in Walker's Point

Median rents as of Oct 18 2025.
Walker's Point
Milwaukee
A table of studio rental data trends in Milwaukee
MonthMedian Rent
November 2023$1,144
December 2023$1,000
January 2024$1,004
February 2024$885
March 2024$914
April 2024$872
May 2024$847
June 2024$849
July 2024$818
August 2024$825
September 2024$834
October 2024$890
November 2024$1,110
December 2024$1,072
January 2025$911
February 2025$855
March 2025$846
April 2025$846
May 2025$887
June 2025$864
July 2025$874
August 2025$895
September 2025$898
October 2025$911
A table of studio rental data trends in Walker's Point
MonthMedian Rent
November 2023$1,075
December 2023$1,172
January 2024$1,154
February 2024$1,055
March 2024$1,215
April 2024$1,225
May 2024$950
June 2024$1,125
July 2024$1,125
August 2024$1,250
September 2024$1,238
October 2024$1,250
November 2024$1,250
December 2024$1,250
January 2025$1,244
February 2025$1,203
March 2025$1,200
April 2025$812
May 2025$1,295
June 2025$1,303
July 2025$1,312
August 2025$1,334
September 2025$1,393
October 2025$1,458

Schools near 1016 S 5th St - Schaeffer Block

Vieau Elementary School

823 s 4th st

milwaukee, WI, 53204

PK, K-8Public
C-

Milwaukee Academy of Chinese Language

2430 w wisconsin ave

milwaukee, WI, 53233

PK, K-8Public
C-
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Getting around Milwaukee near 1016 S 5th St

Walking

6/10
Some shops and stores are within a few minutes.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

7/10
Popular public transit options are just a short walk from this location.

Points of interest for 1016 S 5th St, Milwaukee

Groceries

8/10
At least one grocery store within a 15-minute walk

Shopping

6/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

7/10
Variety of restaurants within walking distance

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

10/10
At least one high school within a 5-minute walk

Parks

7/10
Moderate amount of park space nearby

Nightlife

7/10
Variety of bars within walking distance

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