Nestled in the beautiful and highly desirable Jackson Park neighborhood, this brick four-family apartment building represents an exceptional, turnkey addition to any investment portfolio. The low-maintenance exterior offers lasting curb appeal, while the interior features a strong mix of two spacious 2-bedroom, 1-bathroom units and two comfortable 1-bedroom, 1-bathroom units. With all four units currently fully rented, this property provides immediate, reliable cash flow and stable occupancy from day one. Offering a perfect blend of a prime location, solid brick construction, and a strong rental history, this building is a standout opportunity for savvy investors looking to expand their real estate portfolio.
Closed
$505,000
3141 S 48th STREET, Milwaukee, WI 53219
--beds
--baths
--sqft
Multi Family, Apartment
Built in 1951
-- sqft lot
$503,600 Zestimate®
$--/sqft
$1,765 Estimated rent
Home value
$503,600
$478,000 - $529,000
$1,765/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Hoffmann Team* 414-897-0098,
RE/MAX Lakeside-Central
Bought with:
Patrick Walia
Source: WIREX MLS,MLS#: 1965993
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Heating
- Natural Gas, Forced Air
Appliances
- Included: Dryer, Washer
Features
- Basement: Block,Full,Laundry Facilities
- Has fireplace: No
Property
Parking
- Parking features: Outdoor Space, Inside Parking, Outside
Lot
- Size: 10,018 Square Feet
Details
- Parcel number: 5310422000
- Zoning: Multi Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick/Stone, Brick
Condition
- 21+ Years
- New construction: No
- Year built: 1951
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Milwaukee
- Municipality: Milwaukee
Financial & listing details
- Tax assessed value: $410,400
- Annual tax amount: $8,560
- Date on market: 6/11/2026
- Inclusions: 4 Oven;range, 4 Refrigerator, 1washer, 1 Dryer
- Exclusions: Seller And Tenants Personal Items
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Sold | $505,000-1.9% |
Source:  WIREX MLS #1965993 Report a problem | ||
| 6/18/2026 | Contingent | $515,000 |
Source: WIREX MLS #1965993 Report a problem | ||
| 6/11/2026 | Listed for sale | $515,000+77.6% |
Source: WIREX MLS #1965993 Report a problem | ||
| 5/6/2022 | Sold | $290,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,536 +11.2% | $410,400 +22.6% |
| 2024 | $7,677 +17.2% | $334,800 +20.8% |
| 2023 | $6,550 -0.8% | $277,200 |
| 2022 | $6,600 -3.6% | $277,200 +12.6% |
| 2021 | $6,849 | $246,100 |
| 2020 | $6,849 | $246,100 |
| 2019 | $6,849 +6.2% | $246,100 +6.3% |
| 2018 | $6,450 +12.8% | $231,600 +14.7% |
| 2017 | $5,717 +3.8% | $202,000 -0.2% |
| 2016 | $5,507 -5% | $202,400 +9.9% |
| 2015 | $5,800 | $184,100 -7% |
| 2014 | $5,800 | $197,900 -2.1% |
| 2012 | -- | $202,200 -9% |
| 2011 | -- | $222,100 |
| 2010 | $5,893 -2.9% | $222,100 -5% |
| 2009 | $6,067 | $233,800 -8% |
| 2008 | -- | $254,100 |
| 2007 | -- | $254,100 |
| 2006 | -- | $254,100 |
| 2005 | -- | $254,100 +4.1% |
| 2004 | -- | $244,200 +17.9% |
| 2003 | -- | $207,200 +11.9% |
| 2002 | -- | $185,100 +6.7% |
| 2001 | $5,178 +5.5% | $173,500 |
| 2000 | $4,909 -0.4% | $173,500 +8% |
| 1999 | $4,931 | $160,700 |
Find assessor info on the county website
Neighborhood: Jackson Park
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Nearby schools
GreatSchools rating
- 2/10Manitoba SchoolGrades: PK-8Distance: 0.5 mi
- 4/10Audubon Technology and Communication HighGrades: 9-12Distance: 0.7 mi
- 2/10Milwaukee Spanish Immersion SchoolGrades: PK-5Distance: 0.7 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
- 53219
- Jackson Park
- 3141 S 48th STREET
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