1218 W Locust St Milwaukee, WI 53206
North Division NeighborhoodEstimated payment $633/month
--
Bed
--
Bath
2,833
Sq Ft
$33
Price per Sq Ft
About This Home
Cash cow multi-unit now available on Milwaukee's north side! Both the lower and second floor units feature two bedrooms, large kitchens, and tons of space! The attic unit is a 1-bedroom. Currently at a 20-cap, this home is an excellent addition for an experienced or beginner investor!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,323
Year Built
- 1905
Lot Details
- 3,920 Sq Ft Lot
Home Design
Interior Spaces
- 2,833 Sq Ft Home
- Basement Fills Entire Space Under The House
Community Details
- Operating Expense $4,456
- Net Operating Income $18,344
Listing and Financial Details
- Exclusions: Tenants' personal property
- The owner pays for sewer, water
- Assessor Parcel Number 3129950000
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2023 | $1,323 | $56,000 | $1,400 | $54,600 |
| 2022 | $1,488 | $56,000 | $1,400 | $54,600 |
| 2021 | $1,354 | $44,500 | $2,800 | $41,700 |
| 2020 | $1,090 | $44,500 | $2,800 | $41,700 |
| 2019 | $542 | $22,000 | $2,800 | $19,200 |
| 2018 | $502 | $22,000 | $2,800 | $19,200 |
| 2017 | $527 | $22,000 | $2,200 | $19,800 |
| 2016 | $467 | $18,900 | $2,200 | $16,700 |
| 2015 | -- | $20,300 | $2,200 | $18,100 |
| 2014 | -- | $21,600 | $2,200 | $19,400 |
| 2013 | -- | $22,700 | $2,200 | $20,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/07/2025 06/07/25 | For Sale | $93,000 | -- | $33 / Sq Ft |
Source: Metro MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $25,000 | Proactive Title Solutions Ll | |
| Quit Claim Deed | $19,000 | None Available | |
| Warranty Deed | $28,000 | None Available | |
| Warranty Deed | $27,800 | 1St Service Title & Closing |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $67,500 | Commercial | |
| Previous Owner | $21,000 | Commercial | |
| Previous Owner | $84,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $25,020 | Commercial |
Source: Public Records
Similar Home in Milwaukee, WI
Source: Metro MLS
MLS Number: 1921339
APN: 312-9950-000-7
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