NOT LISTED FOR SALE

1301 Madison Ave South Milwaukee, WI 53172

M District Neighborhood

Estimated Value: $362,140

-- Bed
-- Bath
1,958 Sq Ft
$185/Sq Ft Est. Value

Last Sold July 10, 2020

Last sale price $225,000 $115 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,124/month

48 Days on Market

About This Home

As of July 2020

Back on the Market! This super easy to manage multi-family awaits new owner. Landlord is moving his investments closer to home which is a great opportunity for you to pick up this fully occupied 4 family. 1 bedroom units make management a breeze; long term tenants that keep the peace and would prefer to stay. Storage lockers in the basement and off-street parking for every unit. Some units have been updated. 3 tenants are month-to-month while the caretaker is on a lease; great fit for an owner occupant or investor. Rents are currently low at $555/mo with heat included. Per WE Energies, owner's gas & electric budget bill is $106/mo. Great addition (or start) to any portfolio. Won't last long. Call today!

Last Agent to Sell the Property

Jeremy Trad

MKE Realty Group LLC License #58309-90 Listed on: 04/08/2020

Last Buyer's Agent

Jim Albrecht

RE/MAX Realty Center License #52593-90

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,733

Year Built

  • Built in 1922

Lot Details

  • 3,920 Sq Ft Lot

Home Design

  • Rubber Roof

Interior Spaces

  • 1,958 Sq Ft Home
  • Multi-Level Property
  • Basement Fills Entire Space Under The House

Parking

  • Enclosed Parking
  • Outside Parking

Schools

  • South Milwaukee Middle School
  • South Milwaukee High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Listing and Financial Details

  • Exclusions: Seller's and Tenant's Personal Property (including unit 2's kitchen appliances.)
  • Seller Concessions Not Offered

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,733

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: 3 refrigerators; 3 oven/ranges; snow blower
  • Directions: Milwaukee Ave to 13th Ave. Property is on the southwest corner of 13th and Madison.
  • New Construction: No
  • Year Built: 1922
  • Cleared Acreage: Less than 1/2
  • Full Street Address: 1301 Madison AVENUE
  • Type 5 Heat Fuel: Natural Gas
  • Lot Acreage: 0.09
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full
  • Second Floor Total Sq Ft: 1958.00

Exterior Features

  • Exclusions: Seller's and Tenant's Personal Property (including unit 2's kitchen appliances.)
  • Exterior Building Type: Apartment Building
  • Exterior: Aluminum/Steel, Aluminum

Garage/Parking

  • Garage/Parking: Outdoor Space, Inside Parking, Outside

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Condo/Co-op/Association

  • Stories in Building: 1 - 2

Schools

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

Lot Info

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

Tax Info

  • Tax Year: 2019
  • Total Taxes: 3733.0

MLS Schools

  • Middle School: South Milwaukee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2020
Closed on
Jul 10, 2020
Sold by
Fleming Properties Llc
Bought by
Madden Mayson L
Seller's Agent
Jeremy Trad
MKE Realty Group LLC
Buyer's Agent
Jim Albrecht
RE/MAX Realty Center
List Price
$225,000
Sold Price
$225,000
Current Estimated Value
$362,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,140
Avg. Annual Appreciation
9.32%
Original Mortgage
$195,000
Outstanding Balance
$173,234
Interest Rate
3.2%
Mortgage Type
VA
Estimated Equity
$188,906

Purchase Details

Closed on
Apr 17, 2014
Sold by
Fleming Brian
Bought by
Fleming Properties Llc

Purchase Details

Closed on
Aug 31, 2005
Sold by
Immel Scott D and Immel Jennifer J
Bought by
Fleming Brian

Purchase Details

Closed on
Apr 5, 2002
Sold by
Zeman Dennis F
Bought by
Immel Scott D and Immel Jennifer J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
6.93%
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
Madden Mayson L $225,000 None Available
Fleming Properties Llc -- None Available
Fleming Brian $155,000 --
Immel Scott D $127,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Madden Mayson L $195,000
Previous Owner Immel Scott D $129,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2020 07/10/20 Sold $225,000 0.0% $115 / Sq Ft
05/26/2020 05/26/20 Pending -- -- --
04/08/2020 04/08/20 For Sale $225,000 -- $115 / 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 $2,628 $213,700 $59,900 $153,800
2023 $5,106 $213,700 $59,900 $153,800
2022 $5,047 $213,700 $59,900 $153,800
2021 $4,676 $140,000 $54,000 $86,000
2020 $4,617 $140,000 $54,000 $86,000
2019 $4,518 $140,000 $54,000 $86,000
2018 $4,385 $140,000 $54,000 $86,000
2017 $4,328 $140,000 $54,000 $86,000
2016 $3,475 $140,000 $54,000 $86,000
2015 $3,494 $140,000 $54,000 $86,000
2014 $3,410 $140,000 $54,000 $86,000
2013 $4,369 $140,000 $54,000 $86,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jeremy Trad

    MKE Realty Group LLC

  • J

    Buyer's Agent in 2020

    Jim Albrecht

    RE/MAX

See All Agents

Map

Source: Metro MLS

MLS Number: 1684336

Metro MLS

APN: 770-0370-000

Wisconsin Milwaukee County South Milwaukee 53172 M District

1301 Madison Ave, South Milwaukee, WI

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