$133,000
SOLD JUL 19, 2024
-- Bed
-- Bath
1,587 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$84 Per Sq Ft

5% Below List Price

3 Days on Market

About This Home

As of September 2024

South Milwaukee investors, take note: 3/1 duplex needs TLC or renovation, but it presents nice upside! Uniquely laid out, the lower unit offering three bedrooms with a primary with large closet upstairs, ample living room, and formal dining room. The upper unit is space efficient with one bedroom, living room, & eat-in kitchen. Exterior siding and windows are in reasonable condition. A parking pad for at least one car provides off street parking. Rehab for resale, or scoop this one up and BRRR it up for equity and cash flow for a nice addition to your portfolio.

Last Agent to Sell the Property

John Newland

TerraNova Real Estate License #55028-90 Listed on: 07/09/2024

Last Buyer's Agent

Julieta Fife

Mindful Home Realty License #59118-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,541

Year Built

  • Built in 1890

Parking

  • 1 Car Garage
  • 1 to 5 Parking Spaces

Home Design

  • Duplex
  • Vinyl Siding
  • Aluminum Trim

Interior Spaces

  • 1,587 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Schools

  • South Milwaukee Middle School
  • South Milwaukee High School

Additional Features

  • 3,485 Sq Ft Lot
  • Individual Gas Meter

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Seller's personal property

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,541

Year Built

Built in 1890

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Multi-Family
  • Directions: Milwaukee Ave to 13th Ave, south two blocks to Michigan Ave, east to property (no sign)
  • New Construction: No
  • Year Built: 1890
  • Cleared Acreage: Less than 1/2
  • Full Street Address: 1206 Michigan AVENUE
  • Lot Acreage: 0.08
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full
  • Second Floor Total Sq Ft: 1587.00

Exterior Features

  • Exclusions: Seller's personal property
  • Exterior Building Type: 2 Story, Duplex
  • Exterior: Aluminum Trim, Vinyl

Garage/Parking

  • Parking Features:Workshop in Garage: None, 1 Car
  • Garage Spaces: 1.0
  • Garage/Parking: 1 Space

Utilities

  • Utilities: 1 Electric Meter, 1 Gas Meter
  • Water Waste: Municipal Sewer, Municipal Water

Schools

  • School District: South Milwaukee
  • Middle School: South Milwaukee
  • High School: South Milwaukee
  • High School: South Milwaukee
  • Junior High Dist: South Milwaukee

Lot Info

  • Zoning: Residential
  • Acreage Range: 0.0 to .499

Tax Info

  • Tax Year: 2023
  • Total Taxes: 2541.0

MLS Schools

  • Middle School: South Milwaukee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2024
Closed on
Sep 16, 2024
Sold by
Lake Country Property Rentals Llc
Bought by
Krofta Matthew
Seller's Agent
Julieta Fife
Mindful Home Realty
Buyer's Agent
Kelly Beardsley
The Wisconsin Real Estate Group
List Price
$190,000
Sold Price
$191,500
Premium/Discount to List
$1,500
0.79%
Total Days on Market
3
Views
43
Current Estimated Value
$202,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,028
Avg. Annual Appreciation
5.79%
Original Mortgage
$153,200
Outstanding Balance
$152,358
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$48,865

Purchase Details

Listed on
Aug 5, 2024
Closed on
Jul 18, 2024
Sold by
Plan B Homebuyers Llc
Bought by
Lake Country Property Feentals Llc
Seller's Agent
Julieta Fife
Mindful Home Realty
Buyer's Agent
Kelly Beardsley
The Wisconsin Real Estate Group
List Price
$190,000
Sold Price
$191,500
Premium/Discount to List
$1,500
0.79%
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,200
Outstanding Balance
$152,358
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$48,865

Purchase Details

Listed on
Jul 9, 2024
Closed on
Jun 12, 2024
Sold by
Saleem Ahmed
Bought by
Plan B Homebuyers Llc
Seller's Agent
John Newland
TerraNova Real Estate
Buyer's Agent
Julieta Fife
Mindful Home Realty
List Price
$139,900
Sold Price
$133,000
Premium/Discount to List
-$6,900
-4.93%
Views
29

Purchase Details

Closed on
Dec 16, 2008
Sold by
The Secretary Of Housing & Urban Develop
Bought by
Saleem Ahmed

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
6.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 20, 2008
Sold by
National City Real Estate Services Llc
Bought by
Hud

Purchase Details

Closed on
Jan 29, 2008
Sold by
Wilhelm Victoria A
Bought by
National City Mortgage Co

Purchase Details

Closed on
Oct 8, 2004
Sold by
Martin Gregg R and Martin Cara L
Bought by
Wilhelm Victoria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,796
Interest Rate
5.91%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $191,500 None Listed On Document
Warranty Deed $133,000 None Listed On Document
Warranty Deed $100,000 None Listed On Document
Special Warranty Deed -- None Available
Warranty Deed $130,900 None Available
Sheriffs Deed -- None Available
Warranty Deed $116,700 Premier Title & Closing Svcs
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $153,200 New Conventional
Previous Owner $48,000 Future Advance Clause Open End Mortgage
Previous Owner $114,796 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2024 09/16/24 Sold $191,500 +0.8% $121 / Sq Ft
08/05/2024 08/05/24 For Sale $190,000 +42.9% $120 / Sq Ft
07/19/2024 07/19/24 Sold $133,000 -4.9% $84 / Sq Ft
07/09/2024 07/09/24 For Sale $139,900 -- $88 / Sq Ft
Source: Metro MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,435 $133,000 $55,600 $77,400
2023 $2,812 $133,000 $55,600 $77,400
2022 $2,812 $133,000 $55,600 $77,400
2021 $3,492 $109,000 $41,000 $68,000
2020 $3,146 $109,000 $41,000 $68,000
2019 $3,377 $109,000 $41,000 $68,000
2018 $3,102 $109,000 $41,000 $68,000
2017 $2,947 $109,000 $41,000 $68,000
2016 $2,689 $109,000 $41,000 $68,000
2015 $2,702 $109,000 $41,000 $68,000
2014 $2,637 $109,000 $41,000 $68,000
2013 $3,936 $109,000 $41,000 $68,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro MLS

MLS Number: 1882613

Metro MLS

APN: 770-0367-000