Contingent

$529,900

3171 S 48th STREET, Milwaukee, WI 53219

--beds

--baths

--sqft

$4,021/mo

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Multi Family, Apartment

Built in 1951

-- sqft lot

$523,800 Zestimate^®

$--/sqft

$-- HOA

What's special

Large corner lotFenced yardFresh paintNew flooring

GREAT INVESTOR OPPORTUNITY IN BEAUTIFUL JACKSON PARK! Well-maintained brick 4 family on a large corner lot with fenced yard, 5 separate garages plus 2 additional parking spaces for increased revenue. Each unit has its own furnace, electrical, and water heater, and both 2 bedroom units offer CA. Basement offers separate storage spaces and washer/dryer for tenant use. Main floor units feature recent updates, including new flooring and fresh paint. Three units have reliable, long-term tenants, while the fourth is available for owner occupancy or increased rental income. Quiet neighborhood, excellent parking, and great cash flow potential!

10 days
155
17

Facts & features

Interior

Heating

Natural Gas, Central Air, Forced Air, Individual Heating Units

Cooling

Central Air, Individual Heating Units

Appliances

Included: Dryer, Washer

Features

Basement: Block,Full
Has fireplace: No

Property

Parking

Parking features: Indoor Space, Outdoor Space, Inside Parking, Outside
Has garage: Yes

Lot

Size: 10,018 Square Feet

Details

Parcel number: 5310425000
Zoning: RM2

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: $437,400
Annual tax amount: $9,121
Date on market: 10/1/2026
Inclusions: Refrigerator, Oven/Range In Each Unit, 1 Washer/Dryer In Basement
Exclusions: Other Washer/Dryer In Basement Owned By Tenant. Tenants Personal Property

Estimated market value

$523,800

$498,000 - $550,000

$1,594/mo

Price history

Date	Event	Price
10/4/2026	Contingent	$529,900
Source: WIREX MLS #1982921 Report a problem
10/1/2026	Listed for sale	$529,900+106.6%
Source: WIREX MLS #1982921 Report a problem
8/8/2005	Sold	$256,500+22.1%
Source: Public Record Report a problem
1/31/2003	Sold	$210,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,098 +9.7%	$437,400 +20.9%
2024	$8,296 +18.9%	$361,800 +22.5%
2023	$6,978 -0.8%	$295,300
2022	$7,031 -4.4%	$295,300 +11.8%
2021	$7,353	$264,200
2020	$7,353	$264,200
2019	$7,353 +6.1%	$264,200 +6.2%
2018	$6,929 +12.5%	$248,800 +15.2%
2017	$6,157 +4.5%	$216,000 -3.1%
2016	$5,889 -7.9%	$223,000 +10%
2015	$6,391	$202,800 -7%
2014	$6,391	$218,000 -0.3%
2012	--	$218,600 -9%
2011	--	$240,200
2010	$6,374 -2.8%	$240,200 -5%
2009	$6,561	$252,800 -8%
2008	--	$274,700
2007	--	$274,700
2006	--	$274,700
2005	--	$274,700 +5.4%
2004	--	$260,600 +17.8%
2003	--	$221,200 +12.1%
2002	--	$197,400 +8.5%
2001	$5,430 +5.5%	$182,000
2000	$5,147 -0.4%	$182,000 +8.1%
1999	$5,168	$168,300