$285,000
SOLD MAY 6, 2025

1230 W Highland Ave Milwaukee, WI 53233

Avenues West Neighborhood
-- Bed
-- Bath
2,953 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$97 Per Sq Ft

10% Below List Price

12 Days on Market

About This Home

As of May 2025

Incredible investment opportunity in the heart of Milwaukee that brings in over $3,000 per month has 3 large, fully occupied units that consist of a duplex and a detached 3 bedroom, single family house on one lot. The duplex units are 4 bedrooms EACH and the upper unit is 2-stories! The cottage has an attached 2 car garage. The potential here is endless. This cash flowing property has minimal expenses as the tenants covers all utilities (heat, electric and water bill back). It is located just steps away from all that Milwaukee has to offer whether you're looking to be close to Marquette University, the Fiserv, MATC, Potawatomi and more.

Last Agent to Sell the Property

Segal Goldman Realty Group*

RE/MAX Service First License #76545-94 Listed on: 03/14/2025

Last Buyer's Agent

Segal Goldman Realty Group*

RE/MAX Service First License #76545-94 Listed on: 03/14/2025

Property Details

Home Type

  • Multi-Family

Lot Details

  • 7,841 Sq Ft Lot

Home Design

Interior Spaces

  • 2,953 Sq Ft Home
  • Basement Fills Entire Space Under The House

Community Details

  • Operating Expense $3,350
  • Net Operating Income $33,250

Listing and Financial Details

  • Exclusions: Seller's and tenant's personal property.
  • Tenant pays for sewer, water, electricity, heat, gas
  • Assessor Parcel Number 3900513100

Property Details

Home Type

Multi-Family

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.18
  • Inclusions: All appliances
  • Directions: GPS
  • Special Features: None

Interior Features

  • Owner Pays: Other
  • Has Basement: Full
  • Basement YN: Yes

Exterior Features

  • Exclusions: Seller's and tenant's personal property.
  • Construction Type: Partial-Wood, Aluminum

Garage/Parking

  • Attached Garage: No
  • Parking Features: Near Public Transit

Utilities

  • Sewer: Municipal Sewer

Schools

  • Junior High Dist: Milwaukee

Lot Info

  • Lot Size Sq Ft: 7840.8
  • Parcel #: 3900513100

Rental Info

  • Tenant Pays: Sewer, Water, Electricity, Heat, Gas

Multi Family

  • Property Net Operating Income: 33250
  • Annual Operating Expense: 3350

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2025
Closed on
Apr 30, 2025
Sold by
National Properties Llc
Bought by
Davis Justin
Seller's Agent
Segal Goldman Realty Group*
RE/MAX Service First
Buyer's Agent
Segal Goldman Realty Group*
RE/MAX Service First
List Price
$315,000
Sold Price
$285,000
Premium/Discount to List
-$30,000
-9.52%
Views
70
Current Estimated Value
$285,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17
Avg. Annual Appreciation
0.01%
Original Mortgage
$213,750
Outstanding Balance
$212,023
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$72,994

Purchase Details

Listed on
Aug 28, 2023
Closed on
Oct 27, 2023
Sold by
Demetrius Lindsey and Dk Lindsey Properties Llc
Bought by
National Properties Llc
Seller's Agent
Michael Argeropoulos
EXP Realty, LLC~MKE
Buyer's Agent
Segal Goldman Realty Group*
RE/MAX Service First
List Price
$195,000
Sold Price
$400,000
Premium/Discount to List
$205,000
105.13%
Views
46

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-19.87%
Original Mortgage
$320,000
Interest Rate
6.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2022
Sold by
Joan Thiel
Bought by
Lindsey Demetrius

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
14.46%
Mortgage Type
Balloon

Purchase Details

Closed on
May 2, 2022
Sold by
Thiel Stephen F
Bought by
Thiel Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
14.46%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 4, 2001
Sold by
Botic Joseph
Bought by
Hansen James

Purchase Details

Closed on
May 4, 2001
Sold by
Riehle James F
Bought by
Thiel Stephen F and Thiel Joan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 $285,000 None Listed On Document
Warranty Deed $400,000 None Listed On Document
Warranty Deed $135,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $15,000 --
Sheriffs Deed $35,486 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $213,750 New Conventional
Previous Owner $320,000 New Conventional
Previous Owner $94,500 Balloon
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2025 05/06/25 Sold $285,000 -9.5% $97 / Sq Ft
03/14/2025 03/14/25 For Sale $315,000 +76.0% $107 / Sq Ft
11/05/2023 11/05/23 Off Market $179,000 -- --
09/19/2023 09/19/23 Price Changed $179,000 -3.2% $61 / Sq Ft
09/11/2023 09/11/23 Price Changed $185,000 -5.1% $63 / Sq Ft
08/28/2023 08/28/23 For Sale $195,000 -- $66 / Sq Ft
Source: Metro MLS

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 $3,122 $136,500 $2,600 $133,900
2023 $3,088 $130,700 $2,600 $128,100
2022 $3,039 $130,700 $2,600 $128,100
2021 $2,718 $106,100 $3,400 $102,700
2020 $2,701 $106,100 $3,400 $102,700
2019 $758 $29,100 $3,600 $25,500
2018 $686 $29,100 $3,600 $25,500
2017 $720 $29,100 $3,000 $26,100
2016 $714 $27,500 $3,000 $24,500
2015 $756 $28,500 $3,000 $25,500
2014 $867 $31,600 $3,000 $28,600
2013 -- $31,600 $3,000 $28,600
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Michael Argeropoulos

    EXP Realty, LLC~MKE

    (414) 712-1455

    2 in this area

    207 Total Sales

    Michael Argeropoulos
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Map

Source: Metro MLS

MLS Number: 1909587

Metro MLS

APN: 390-0513-100-X

Wisconsin Milwaukee County Milwaukee 53233 Avenues West

1230 W Highland Ave, Milwaukee, WI

Sold

MultiFamily

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