$435,000
SOLD JUL 16, 2025

1233 Milwaukee Ave South Milwaukee, WI 53172

Downtown South Milwaukee Neighborhood
-- Bed
-- Bath
3,000 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$145 Per Sq Ft

2% Above List Price

3 Days on Market

About This Home

As of July 2025

Prime South Milwaukee location smack dab on Milwaukee Ave. 5 unit (two 3-bed apartments, one 1-bed apartment, two commercial storefronts) mixed use building with parking and 2 car attached garage to rent or use for Landlord storage. Rare opportunity for a new business to owner occupy and have rental income to help offset your costs. Loads of potential for anyone looking for steady, low risk cash flow.

Last Agent to Sell the Property

Segal Goldman Realty Group*

RE/MAX Service First License #76545-94 Listed on: 05/14/2025

Last Buyer's Agent

Ted Schaar

RE/MAX Service First License #56985-90

RE/MAX Service First

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,362

Lot Details

  • 5,663 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Vinyl Siding

Interior Spaces

  • 3,000 Sq Ft Home
  • Storage

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Community Details

  • Operating Expense $22,587
  • Gross Income $52,440
  • Net Operating Income $32,612

Listing and Financial Details

  • Exclusions: Seller's and tenant's personal property.
  • Assessor Parcel Number 7700328000

Property Details

Property Type

Other

Est. Annual Taxes

$7,362

Lot Details

0

Listing Details

  • Property Sub Type: Commercial/Industrial
  • Prop. Type: Comm/Industrial
  • Lot Size Acres: 0.13
  • Road Frontage Type: Town/City Road, High Visibility, Paved Road, Near Public Transit
  • Inclusions: 3 stoves, 3 refrigerators.
  • Directions: GPS
  • Property Information:Est Total Sq Ft: 3000
  • Special Features: None

Interior Features

  • Has Basement: Crawl Space, Full

Exterior Features

  • Exclusions: Seller's and tenant's personal property.
  • Construction Type: Brick, Vinyl
  • Roof: Rubber

Garage/Parking

  • Total Parking Spaces: 2

Utilities

  • Green Building Features: Inside Storage, Living Space Avail
  • Sewer: Municipal Sewer

Lot Info

  • Lot Size Sq Ft: 5662.8
  • Parcel #: 7700328000

Multi Family

  • Annual Gross Income: 52440
  • Property Net Operating Income: 32612
  • Annual Operating Expense: 22587

Tax Info

  • Tax Annual Amount: 7362.11
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2025
Closed on
Jul 16, 2025
Sold by
Meteor Homes Llc
Bought by
Pena Obed and Pena Rose
Seller's Agent
Segal Goldman Realty Group*
RE/MAX Service First
Buyer's Agent
Ted Schaar
RE/MAX Service First
List Price
$425,000
Sold Price
$435,000
Premium/Discount to List
$10,000
2.35%
Views
76

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,250
Outstanding Balance
$326,250
Interest Rate
6.84%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 22, 2019
Sold by
Schlickman Mark J and Schlickman Tami K
Bought by
Meteor Homes Llc

Purchase Details

Closed on
Aug 13, 2019
Sold by
Mark J and Schilckman Tami K
Bought by
Meteor Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
3.7%

Purchase Details

Closed on
Aug 23, 2007
Sold by
Schlickman Mark J and Schlickman Tami K
Bought by
Schlickman Properties Llc

Purchase Details

Closed on
Mar 28, 2006
Sold by
Main Laurie and Main Jeffrey
Bought by
Mark J & Tami K Schlickman Revocable Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.48%

Purchase Details

Closed on
Feb 24, 2004
Sold by
Bogart Ann
Bought by
Main Jeffrey and Main Laurie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
5.65%

Purchase Details

Closed on
Jun 6, 2002
Sold by
Gerhartz Janell
Bought by
Bogart Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,900
Interest Rate
6.8%

Purchase Details

Closed on
Jun 3, 2002
Sold by
Gross Dennis F and Gross Cheryl L
Bought by
Gerhartz Janell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,900
Interest Rate
6.8%
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 $435,000 None Listed On Document
Warranty Deed -- None Available
Warranty Deed $150,000 Focus Title Llc
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed $240,000 Milwaukee Title Closing Serv
Warranty Deed $190,000 --
Warranty Deed $148,000 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $326,250 Credit Line Revolving
Previous Owner $127,500 No Value Available
Previous Owner $192,000 No Value Available
Previous Owner $152,000 No Value Available
Previous Owner $99,900 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 Sold $435,000 +2.4% $145 / Sq Ft
05/14/2025 05/14/25 For Sale $425,000 -- $142 / 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 $4,814 $374,500 $44,500 $330,000
2023 $9,221 $374,500 $44,500 $330,000
2022 $9,319 $374,500 $44,500 $330,000
2021 $6,882 $212,000 $30,000 $182,000
2020 $6,446 $212,000 $30,000 $182,000
2019 $6,335 $212,000 $30,000 $182,000
2018 $6,132 $212,000 $30,000 $182,000
2017 $6,037 $212,000 $30,000 $182,000
2016 $5,301 $212,000 $30,000 $182,000
2015 $5,333 $212,000 $30,000 $182,000
2014 $5,205 $212,000 $30,000 $182,000
2013 $6,182 $212,000 $30,000 $182,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2025

    Segal Goldman Realty Group*

    RE/MAX

    (414) 559-8898

    1 in this area

    305 Total Sales

    Section Image
  • Ted Schaar

    Buyer's Agent in 2025

    Ted Schaar

    RE/MAX

    (414) 510-9151

    1 in this area

    10 Total Sales

    Section Image
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Map

Source: Metro MLS

MLS Number: 1917554

Metro MLS

APN: 770-0328-000

Wisconsin Milwaukee County South Milwaukee 53172 Downtown South Milwaukee

1233 Milwaukee Ave, South Milwaukee, WI

This home is located at 1233 Milwaukee Ave, South Milwaukee, WI 53172 and is currently priced at $435,000, approximately $145 per square foot. 1233 Milwaukee Ave is a home located in Milwaukee County with nearby schools including Rawson Elementary School, South Milwaukee Middle School, and South Milwaukee High School.

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