Built in 1928, the Terrace Homes Apartments at 114-118 N Breese Terrace are the earliest known example of cooperative living in the city of Madison. A century ago, cooperatives (or co-ops) preceded the condominium movement, and were most common in larger, urban areas like New York City.
Similar to condos, ownership at the co-op comes with a monthly fee. At the co-op, the monthly fee covers your property taxes, your utilities (with the exception of electricity), and the ongoing care of the grounds and common space. But unlike condos, buying into the cooperative involves the purchase of stock, not property, so there is a unique process for becoming a co-op owner.
Talk to the owners here, and they’ll tell you that they love the vintage architecture, the craftsmanship, and the character of their home; the wonderful location near Monroe Street, the UW Campus, and Downtown Madison; and being part of a larger community.
There are only 12 units in the entire community, so it’s a rare occasion when one becomes available. We would love to introduce you to Terrace Homes and our new two-bedroom listing. Please contact Dan to learn more.