Two-Family Property with Expansion PotentialVersatile investment property located near the bustling I-94, just minutes away from the highly coveted Bayview neighborhood and downtown Milwaukee. This two-family property is not only a solid investment but also offers the potential for owner occupancy with rental income.Property FeaturesDual Residences:Unit 1: Features 2 spacious bedrooms and 1 full bathroom, Unit 2: Boasts 3 bedrooms and 2 full bathrooms, complete with washer and dryer hookups The kitchen in Unit 2 is equipped with elegant granite countertops.The attached lot offers parking for up to 8 cars, a rare find in this location.The property is fully fencedTwo detached storage units provide additional space for tenants or owner's belongings
Closed
$260,000
2231 South 5th PLACE, Milwaukee, WI 53207
5beds
1,600sqft
Multi Family, Duplex
Built in 1912
-- sqft lot
$266,300 Zestimate®
$163/sqft
$1,805 Estimated rent
Home value
$266,300
$248,000 - $285,000
$1,805/mo
Zestimate® history
Owner options
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$1,805/mo
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$1,805/mo
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$1,730/mo
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$1,730/mo
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Zillow last checked:
Listing updated:
Listed by:
Cesar Bojorquez,
Mindful Home Realty
Bought with:
Ana Sofia Rodriguez Herrera
Source: WIREX MLS,MLS#: 1886623
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
- Main level bedrooms: 2
Bathroom
- Features: Full on Lower
Features
- Basement: Block,Full
- Has fireplace: No
Interior area
- Total structure area: 1,600
- Total interior livable area: 1,600 sqft
Property
Parking
- Parking features: No Garage, 1 Space
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,662 sqft
Details
- Parcel number: 4671030100
- Zoning: RT4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Vinyl Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1912
Utilities & green energy
- Electric: 2 Electric Meters
- Water: Public
- Utilities for property: 2 Electric Meters, 2 Gas Meters
Community & neighborhood
Location
- Region: Milwaukee
- Municipality: Milwaukee
Price history
| Date | Event | Price |
|---|---|---|
| 2/25/2026 | Listing removed | $1,200$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/22/2026 | Price change | $1,200-17.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/9/2025 | Listed for rent | $1,450+7.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/13/2025 | Listing removed | $1,350$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/1/2025 | Price change | $1,350-6.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/18/2025 | Listed for rent | $1,450$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/27/2024 | Sold | $260,000$163/sqft |
Source:  WIREX MLS #1886623 Report a problem | ||
| 8/15/2024 | Pending sale | $260,000$163/sqft |
Source: WIREX MLS #1886623 Report a problem | ||
| 8/7/2024 | Listed for sale | $260,000+1385.7%$163/sqft |
Source: WIREX MLS #1886623 Report a problem | ||
| 2/18/2004 | Sold | $17,500$11/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,607 +12.2% | $70,100 +15.7% |
| 2023 | $1,432 -0.8% | $60,600 |
| 2022 | $1,443 -11.7% | $60,600 +3.2% |
| 2021 | $1,634 | $58,700 |
| 2020 | $1,634 | $58,700 |
| 2019 | $1,634 +33.6% | $58,700 +33.7% |
| 2018 | $1,223 +2% | $43,900 -5.8% |
| 2017 | $1,198 0% | $46,600 +4% |
| 2016 | $1,198 -1% | $44,800 +5.7% |
| 2015 | $1,210 | $42,400 -7% |
| 2014 | $1,210 | $45,600 -9.7% |
| 2012 | -- | $50,500 -18% |
| 2011 | -- | $61,600 |
| 2010 | $1,563 -8.4% | $61,600 -10.1% |
| 2009 | $1,707 | $68,500 -6.8% |
| 2008 | -- | $73,500 +4.9% |
| 2007 | -- | $70,100 |
| 2006 | -- | $70,100 |
| 2005 | -- | $70,100 +43.6% |
| 2004 | -- | $48,800 +35.9% |
| 2003 | -- | $35,900 +15.1% |
| 2002 | -- | $31,200 +11.4% |
| 2001 | $828 +5.5% | $28,000 |
| 2000 | $784 | $28,000 +17.6% |
| 1999 | -- | $23,800 |
Find assessor info on the county website
Neighborhood: Lincoln Village
Nearby schools
GreatSchools rating
- 3/10Riley ElementaryGrades: PK-6Distance: 0.3 mi
- 4/10Hayes Bilingual SchoolGrades: PK-8Distance: 0.4 mi
- 3/10South Division High SchoolGrades: 9-12Distance: 0.9 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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Estimated market value
$266,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$266,300
- Wisconsin
- Milwaukee County
- Milwaukee
- 53207
- Lincoln Village
- 2231 South 5th PLACE
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