Great investment opportunity in Milwaukee's Burnham Park neighborhood is here! This well-maintained 4-unit apartment building offers steady rental income potential. All units are currently leased. Three long term tenants on month-to-month agreements, and one resident on a one-year lease. Rents are below market value, allowing the ability to increase. Tenants appreciate the convenience of on-site coin-operated laundry and private balconies for second-floor units. Additionally, there's a two-car garage with a slab, and street parking accommodating residents and guests. Whether you're a seasoned investor or entering the market, this property promises stable returns. (Owner is selling as-is).
Closed
$325,000
1532 S 37th STREET, Milwaukee, WI 53215
--beds
--baths
--sqft
Multi Family, Apartment
Built in 1925
-- sqft lot
$368,000 Zestimate®
$--/sqft
$1,071 Estimated rent
Home value
$368,000
$342,000 - $394,000
$1,071/mo
Zestimate® history
Owner options
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$1,071/mo
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$1,071/mo
Rent Zestimate®
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$2,162/mo
Est. payment
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$2,162/mo
Est. payment
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Street parking
Zillow last checked:
Listing updated:
Listed by:
Christopher Letherwood 414-892-1628,
Coldwell Banker Realty
Bought with:
Raquel Aleman
Source: WIREX MLS,MLS#: 1873817
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Heating
- Natural Gas, Central Air, Individual Heating Units
Cooling
- Central Air, Individual Heating Units
Appliances
- Included: Dryer, Washer, Seller Owned: Water Heater
Features
- Basement: Block,Full,Laundry Facilities
- Has fireplace: No
Property
Parking
- Parking features: Indoor Space, Extra Space Available, Inside Parking, Outside
- Has garage: Yes
Lot
- Size: 4,356 sqft
Details
- Parcel number: 4570031000
- Zoning: RT4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Aluminum/Steel, Aluminum Siding, Vinyl Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Milwaukee
- Municipality: Milwaukee
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2024 | Sold | $325,000-3% |
Source:  WIREX MLS #1873817 Report a problem | ||
| 5/17/2024 | Pending sale | $335,000 |
Source: WIREX MLS #1873817 Report a problem | ||
| 5/13/2024 | Listed for sale | $335,000+42.6% |
Source: WIREX MLS #1873817 Report a problem | ||
| 7/31/2020 | Sold | $235,000+29.1% |
Source: Public Record Report a problem | ||
| 12/5/2018 | Sold | $182,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,609 +6.3% | $244,600 +9.5% |
| 2023 | $5,277 -0.8% | $223,300 |
| 2022 | $5,317 -2.6% | $223,300 +13.8% |
| 2021 | $5,460 | $196,200 |
| 2020 | $5,460 | $196,200 |
| 2019 | $5,460 +7.7% | $196,200 +7.8% |
| 2018 | $5,069 +21% | $182,000 +30.9% |
| 2017 | $4,191 +10.7% | $139,000 -8.6% |
| 2016 | $3,787 -14% | $152,000 -10% |
| 2015 | $4,406 | $168,800 |
| 2014 | $4,406 | $168,800 |
| 2012 | -- | $168,800 -13% |
| 2011 | -- | $194,100 |
| 2010 | $5,558 +1.4% | $194,100 -8% |
| 2009 | $5,480 | $211,000 |
| 2008 | -- | $211,000 |
| 2007 | -- | $211,000 |
| 2006 | -- | $211,000 |
| 2005 | -- | $211,000 +51.3% |
| 2004 | -- | $139,500 +23.8% |
| 2003 | -- | $112,700 +7% |
| 2002 | -- | $105,300 +14.5% |
| 2001 | $2,769 +5.4% | $92,000 |
| 2000 | $2,627 +15.8% | $92,000 +18.1% |
| 1999 | $2,268 | $77,900 |
Find assessor info on the county website
Neighborhood: Burnham Park
Nearby schools
GreatSchools rating
- 5/10Greenfield Bilingual SchoolGrades: PK-8Distance: 0.2 mi
- 3/10South Division High SchoolGrades: 9-12Distance: 1.5 mi
- 2/10Milwaukee Academy of Chinese LanguageGrades: PK-8Distance: 1.9 mi
Schools provided by the listing agent
- District: Milwaukee
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Wisconsin
- Milwaukee County
- Milwaukee
- 53215
- Burnham Park
- 1532 S 37th STREET
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