Solid investment in the Saint Joseph neighborhood of Milwaukee. Currently 100% occupied with historically low vacancy. Owner pays common gas & electric, water & sewer. Tenants pay for heat, gas and electric. Converted from one central boiler to new individual furnaces in 2015 along with the new ductwork to with it. Low maintenance brick exterior with approximately 12 year old flat rubber roof. Leased coin-op laundry for additional income and storage in the basement. Invest in this property, raise the rents and enjoy your cash flow! Conservative projected rents of $815 for 2 Bedrooms, $725 for 1 Bedrooms. Possible alternative uses are adult care building or government programs for guaranteed income. Buyer to cooperate with Sellers 1031 exchange.
Closed
$490,000
5823 West Appleton AVENUE, Milwaukee, WI 53210
--beds
--baths
--sqft
Multi Family, Apartment
Built in 1929
-- sqft lot
$-- Zestimate®
$--/sqft
$1,065 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,065/mo
Zestimate® history
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List your homeWhat's special
New individual furnacesLow maintenance brick exteriorNew ductworkFlat rubber roof
Zillow last checked:
Listing updated:
Listed by:
Bryan Caprioli 262-719-2277,
CAP Investment Realty, LLC
Bought with:
Hoffmann Team*
Source: WIREX MLS,MLS#: 1832342
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Heating
- Natural Gas, Forced Air, Individual Heating Units
Cooling
- Individual Heating Units
Appliances
- Included: Seller Leased: Dryer, Seller Leased: Washer, Seller Owned: Water Heater
Features
- Basement: Full
- Has fireplace: No
Property
Parking
- Parking features: Outdoor Space, Inside Parking, Outside
Lot
- Size: 7,840 sqft
Details
- Parcel number: 3060627000
- Zoning: LB2 / Apartment
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick/Stone, Brick
Condition
- 21+ Years
- New construction: No
- Year built: 1929
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Milwaukee
- Municipality: Milwaukee
Other
Other facts
- Listing terms: Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2023 | Sold | $490,000-8.4% |
Source:  WIREX MLS #1832342 Report a problem | ||
| 7/13/2023 | Contingent | $535,000 |
Source: WIREX MLS #1832342 Report a problem | ||
| 5/17/2023 | Price change | $535,000-5.3% |
Source: WIREX MLS #1832342 Report a problem | ||
| 4/28/2023 | Listed for sale | $565,000+182.5% |
Source: WIREX MLS #1832342 Report a problem | ||
| 1/16/2018 | Listing removed | $495 |
Source: MKE PM Report a problem | ||
| 1/12/2018 | Listed for rent | $495-17.5% |
Source: MKE PM Report a problem | ||
| 8/3/2016 | Listing removed | $600+21.2% |
Source: Atkinson Ventures, LLC Report a problem | ||
| 3/11/2016 | Listing removed | $495 |
Source: Metro Management, LLC Report a problem | ||
| 2/20/2016 | Price change | $495-13.9% |
Source: Metro Management, LLC Report a problem | ||
| 1/29/2016 | Listed for rent | $575 |
Source: Metro Management, LLC Report a problem | ||
| 7/5/2012 | Listing removed | $200,000 |
Source: First Weber Group #1166209 Report a problem | ||
| 5/12/2012 | Listed for sale | $200,000+5.3% |
Source: First Weber Group #1166209 Report a problem | ||
| 11/14/2011 | Sold | $190,000-24% |
Source: Public Record Report a problem | ||
| 6/18/2011 | Price change | $250,000-16.7% |
Source: First Weber Group #1177450 Report a problem | ||
| 3/4/2011 | Price change | $300,000-7.7% |
Source: First Weber Group #1166209 Report a problem | ||
| 9/26/2010 | Listed for sale | $325,000+12.5% |
Source: Shorewest Realtors #1166209 Report a problem | ||
| 7/24/2010 | Listing removed | $289,000 |
Source: Homestead Realty, Inc. #1090487 Report a problem | ||
| 2/17/2010 | Price change | $289,000-2.5% |
Source: Homestead Realty, Inc. #1090487 Report a problem | ||
| 1/16/2010 | Price change | $296,500-0.3% |
Source: Homestead Realty, Inc. #1090487 Report a problem | ||
| 12/21/2009 | Price change | $297,500-0.3% |
Source: Homestead Realty, Inc. #1090487 Report a problem | ||
| 10/19/2009 | Price change | $298,500-0.2% |
Source: Homestead Realty, Inc. #1090487 Report a problem | ||
| 9/19/2009 | Listed for sale | $299,000+4.9% |
Source: Homestead Realty, Inc. #1090487 Report a problem | ||
| 1/4/2005 | Sold | $285,000+95.2% |
Source: Public Record Report a problem | ||
| 4/30/1999 | Sold | $146,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,215 +46.6% | $445,500 +51.1% |
| 2023 | $6,966 -0.8% | $294,800 |
| 2022 | $7,019 +8.6% | $294,800 +26.9% |
| 2021 | $6,465 | $232,300 |
| 2020 | $6,465 | $232,300 |
| 2019 | $6,465 +4.7% | $232,300 +4.7% |
| 2018 | $6,177 +5.7% | $221,800 -0.1% |
| 2017 | $5,845 -5.5% | $222,000 +5.2% |
| 2016 | $6,185 +2.3% | $211,000 |
| 2015 | $6,047 | $211,000 |
| 2014 | $6,047 | $211,000 |
Find assessor info on the county website
Neighborhood: Saint Joseph
Nearby schools
GreatSchools rating
- 3/10Sherman ElementaryGrades: PK-8Distance: 0.5 mi
- 4/10Washington High School of Information TechnologyGrades: 9-12Distance: 0.9 mi
- 5/10Milwaukee French Immersion SchoolGrades: PK-5Distance: 0.6 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
- 53210
- Saint Joseph
- 5823 West Appleton AVENUE
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