NOT LISTED FOR SALE

1221 Michigan Ave South Milwaukee, WI 53172

M District Neighborhood

Estimated Value: $324,237

-- Bed
-- Bath
-- Sq Ft
7,405 Sq Ft Lot

Last Sold June 07, 2024

Last sale price $300,000

Est. 8% increase in value since last sale

Current estimated payment $1,977/month

176 Days on Market

About This Home

As of June 2024

Cash Flowing Apartment!!! Fantastic investment property. All 4 Units are occupied. Long term tenants. Very well maintained. Completely updated 4 family Apartment. Community patio in back of apartment. Updates include roof, furnace, water heater, landscaping, interior remodeling and many others. 4 off-street parking spots and 2garage. Conveniently located -- surrounded with many choices for restaurants, shopping and entertainment. $500/yearly income for coin operated laundry. Another potential income for garage rental. This is a must see! Seller will provide Home Warranty for buyers/new owner peace of mind. Schedule your showing today!

Last Agent to Sell the Property

Rosario Paul

Realty Executives Integrity~Brookfield Brokerage Email: brookfieldfrontdesk@realtyexecutives.com License #82292-94 Listed on: 10/15/2023

Realty Executives Integrity~Brookfield

Last Buyer's Agent

Alissa Traughber

Keller Williams Thrive-Pleasant Prairie License #85925-94

Keller Williams Thrive-Pleasant Prairie

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,260

Lot Details

  • 7,405

Home Design

  • Vinyl Siding

Schools

  • South Milwaukee Middle School
  • South Milwaukee High School

Additional Features

  • Basement Fills Entire Space Under The House
  • 7,405 Sq Ft Lot

Listing and Financial Details

  • The owner pays for sewer, water, electric/public, heat, gas
  • Assessor Parcel Number 7700472000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,260

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.17
  • Inclusions: 4 Oven/ Range, 4 Refrigerator
  • Directions: Rawson Ave. in south Milwaukee to 13th south to Michigan, east to address.
  • Attribution Contact: brookfieldfrontdesk@realtyexecutives.com
  • Special Features: None

Interior Features

  • Owner Pays: Sewer, Water, Electric/Public, Heat, Gas
  • Has Basement: Full
  • Basement YN: Yes

Exterior Features

  • Construction Type: Vinyl

Garage/Parking

  • Attached Garage: No
  • Parking Features: Indoor Space, Outdoor Space

Utilities

  • Sewer: Municipal Sewer

Schools

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

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: 7700472000

Rental Info

  • Tenant Pays: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2023
Closed on
Jun 4, 2024
Sold by
Handley Brian P and Handley Lisa
Bought by
Bortko Christian
Seller's Agent
Rosario Paul
Realty Executives Integrity~Brookfield
Buyer's Agent
Alissa Traughber
Keller Williams Thrive-Pleasant Prairie
List Price
$329,900
Sold Price
$300,000
Premium/Discount to List
-$29,900
-9.06%
Views
205
Current Estimated Value
$324,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,237
Avg. Annual Appreciation
5.75%
Original Mortgage
$285,000
Outstanding Balance
$281,466
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$42,771

Purchase Details

Closed on
Nov 15, 2006
Sold by
Kubusek Thomas
Bought by
Handley Brian P and Handley Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Interest Rate
6.27%

Purchase Details

Closed on
Oct 21, 2002
Sold by
Kossow Randy
Bought by
Kubosek Thomas

Purchase Details

Closed on
Sep 2, 2002
Sold by
Bank One Na
Bought by
Kubusek Thomas and Kossow Randy

Purchase Details

Closed on
May 7, 2002
Sold by
Penkalski Donald
Bought by
Bank One Na

Purchase Details

Closed on
Oct 19, 1999
Sold by
Gabriel Darryl
Bought by
Penkalski Donald R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
11.62%
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 Buyer Sale Price Title Company
Bortko Christian $300,000 Knight Barry Title
Handley Brian P $207,500 None Available
Kubosek Thomas $50,000 --
Kubusek Thomas $100,000 --
Bank One Na $78,188 --
Penkalski Donald R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bortko Christian $285,000
Previous Owner Handley Brian P $166,000
Previous Owner Penkalski Donald R $102,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2024 06/07/24 Sold $300,000 -6.2% --
04/08/2024 04/08/24 Pending -- -- --
11/03/2023 11/03/23 Price Changed $319,900 -3.0% --
10/15/2023 10/15/23 For Sale $329,900 -- --
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 $3,260 $273,100 $58,800 $214,300
2023 $6,353 $273,100 $58,800 $214,300
2022 $6,307 $273,100 $58,800 $214,300
2021 $5,500 $167,000 $55,000 $112,000
2020 $5,429 $167,000 $55,000 $112,000
2019 $5,317 $167,000 $55,000 $112,000
2018 $4,752 $167,000 $55,000 $112,000
2017 $5,081 $167,000 $55,000 $112,000
2016 $4,159 $167,000 $55,000 $112,000
2015 $4,184 $167,000 $55,000 $112,000
2014 $4,083 $167,000 $55,000 $112,000
2013 $5,150 $167,000 $55,000 $112,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    Rosario Paul

    Realty Executives Integrity~Brookfield

    (414) 722-0990

    1 in this area

    64 Total Sales

    Rosario Paul
    Section Image
  • Alissa Traughber

    Buyer's Agent in 2024

    Alissa Traughber

    Keller Williams Thrive-Pleasant Prairie

    (262) 994-4663

    1 in this area

    122 Total Sales

    Alissa Traughber
    Section Image
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Map

Source: Metro MLS

MLS Number: 1853425

Metro MLS

APN: 770-0472-000

Wisconsin Milwaukee County South Milwaukee 53172 M District

1221 Michigan Ave, South Milwaukee, WI

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