Here's your chance to own a meticulously maintained 4-unit apartment building in a quiet Milwaukee neighborhood! Built in 1957, this property features spacious 2-bedroom, 1-bath units with tenant-friendly amenities including eat-in kitchens, individual furnaces and water heaters, central air, and basement storage lockers. Each unit has separate utilities, making management simple. Tenants also enjoy off-street parking (5 spaces) and the convenience of resident-owned washers and dryers. The building boasts a newer 3-year-old roof. With strong rental history and solid upside potential. Currently generating $4,367/month in rent, this is an ideal opportunity to grow your portfolio!
Closed
$485,000
7230 West Lakefield DRIVE, Milwaukee, WI 53219
--beds
--baths
--sqft
Multi Family, Apartment
Built in 1957
-- sqft lot
$517,500 Zestimate®
$--/sqft
$987 Estimated rent
Home value
$517,500
$466,000 - $574,000
$987/mo
Zestimate® history
Owner options
List your home for rent
$987/mo
Rent Zestimate®
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$987/mo
Rent Zestimate®
Refinance and save
$2,742/mo
Est. payment
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$2,742/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Kollin Ruiz,
BOLD REALTY
Bought with:
Hany M Kadadha
Source: WIREX MLS,MLS#: 1912058
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Heating
- Natural Gas, Central Air, Forced 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: Outdoor Space, Inside Parking, Outside
Lot
- Size: 0.3 Acres
Details
- Parcel number: 5281010000
- Zoning: RM1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick/Stone, Brick, Aluminum Trim
Condition
- 21+ Years
- New construction: No
- Year built: 1957
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Milwaukee
- Municipality: Milwaukee
Financial & listing details
- Tax assessed value: $360,400
- Annual tax amount: $8,285
- Date on market: 4/3/2025
- Inclusions: 2 Electric Ovens/Ranges, 2 Refrigerators, 1 Washer, 1 Dryer, 2 Garbage Disposals
- Exclusions: Seller And Tenants' Personal Property
Price history
| Date | Event | Price |
|---|---|---|
| 4/28/2025 | Sold | $485,000-7.6% |
Source:  WIREX MLS #1912058 Report a problem | ||
| 4/7/2025 | Pending sale | $525,000 |
Source: WIREX MLS #1912058 Report a problem | ||
| 4/3/2025 | Listed for sale | $525,000+97.4% |
Source: WIREX MLS #1912058 Report a problem | ||
| 7/6/2016 | Sold | $266,000+0.6% |
Source: Public Record Report a problem | ||
| 10/17/2008 | Sold | $264,500-5.5% |
Source: Public Record Report a problem | ||
| 7/17/2008 | Price change | $279,900-5.1% |
Source: Homes.com #1015607 Report a problem | ||
| 6/24/2008 | Price change | $294,900-1.7% |
Source: Homes.com #1015607 Report a problem | ||
| 6/11/2008 | Listed for sale | $299,900+33.5% |
Source: Homes.com #1015607 Report a problem | ||
| 5/14/2008 | Sold | $224,600-11.9% |
Source: Public Record Report a problem | ||
| 10/4/2002 | Sold | $255,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,264 +14.4% | $360,400 +17.9% |
| 2023 | $7,226 -0.8% | $305,800 |
| 2022 | $7,281 -9.6% | $305,800 +5.7% |
| 2021 | $8,054 | $289,400 |
| 2020 | $8,054 | $289,400 |
| 2019 | $8,054 +1.7% | $289,400 +1.8% |
| 2018 | $7,921 +17.8% | $284,400 +12% |
| 2017 | $6,726 -2.9% | $254,000 +9.6% |
| 2016 | $6,927 +4.3% | $231,800 |
| 2015 | $6,644 | $231,800 +2% |
| 2014 | $6,644 | $227,300 -0.2% |
| 2012 | -- | $227,700 -9% |
| 2011 | -- | $250,200 |
| 2010 | $6,640 -2.9% | $250,200 -5% |
| 2009 | $6,836 | $263,400 -8% |
| 2008 | -- | $286,300 |
| 2007 | -- | $286,300 |
| 2006 | -- | $286,300 |
| 2005 | -- | $286,300 +5.5% |
| 2004 | -- | $271,400 +19.1% |
| 2003 | -- | $227,900 +8.6% |
| 2002 | -- | $209,800 +0.9% |
| 2001 | $6,195 +5.5% | $207,900 |
| 2000 | $5,873 +2.4% | $207,900 +5.9% |
| 1999 | $5,737 | $196,400 |
Find assessor info on the county website
Neighborhood: River Bend
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Nearby schools
GreatSchools rating
- 6/10Fairview SchoolGrades: PK-8Distance: 0.5 mi
- 3/10Hamilton High SchoolGrades: 9-12Distance: 0.9 mi
- 2/10Milwaukee Spanish Immersion SchoolGrades: PK-5Distance: 1 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
- River Bend
- 7230 West Lakefield DRIVE
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