NOT LISTED FOR SALE

1405 Marquette Ave South Milwaukee, WI 53172

Drexel Highlands Neighborhood

Estimated Value: $268,871 - $342,000

-- Bed
-- Bath
1,515 Sq Ft
$203/Sq Ft Est. Value

About This Home

Very well maintained updated 3 unit(TRIPLEX) with long term reliable tenants situated on a double lot (60x150). Two 2 bedroom units and a 1 bedroom unit. Nearly maintenance free along with a new roof in 2020. All units feature separate utilities with appliances included. Gas forced air furnaces and hot water heaters. Plenty of parking for 6 cars and 1 block away from the Oak Creek Parkway. Perfect starter for someone looking to gain equity or an investor looking for a turn-key operation. Backyard storage shed included. One tenant currently handles grass/snow at a $50/month discounted rent.

Last Agent to Sell the Property

Michael Borowski

Homestead Realty, Inc License #58673-90 Listed on: 08/18/2023

Homestead Realty, Inc

Last Buyer's Agent

MVE Real Estate Group*

EXP Realty, LLC~MKE License #87700-94

EXP Realty, LLC~MKE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,828

Year Built

  • Built in 1920

Lot Details

  • 9,148 Sq Ft Lot

Home Design

  • Duplex
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • Multi-Level Property
  • Partial Basement

Parking

  • Enclosed Parking
  • Outside Parking

Schools

  • South Milwaukee Elementary And Middle School
  • South Milwaukee High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Exclusions: Tenants Personal Property

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,828

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: Stove X 3Fridge X 3
  • Directions: Rawson Av to 15th Av, South to Marquette Ave, East to home.
  • New Construction: No
  • Year Built: 1920
  • Cleared Acreage: Less than 1/2
  • Full Street Address: 1405 Marquette AVENUE
  • Type 5 Heat Fuel: Natural Gas
  • Lot Acreage: 0.21
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Has Basement: Partial

Exterior Features

  • Exclusions: Tenants Personal Property
  • Exterior Building Type: Duplex +
  • Exterior: Partial-Stone, Vinyl

Garage/Parking

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

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Condo/Co-op/Association

  • Stories in Building: 3 - 4

Schools

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

Lot Info

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

Tax Info

  • Tax Year: 2022
  • Total Taxes: 4828.35

MLS Schools

  • Middle School: South Milwaukee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2023
Closed on
Sep 18, 2023
Sold by
Abdulghani Abdullah M
Bought by
Valters Ellie and Valters Gunars
Seller's Agent
Michael Borowski
Homestead Realty, Inc
Buyer's Agent
MVE Real Estate Group*
EXP Realty, LLC~MKE
List Price
$280,000
Sold Price
$280,000
Views
63
Current Estimated Value
$307,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,718
Avg. Annual Appreciation
4.58%
Original Mortgage
$284,700
Outstanding Balance
$279,980
Interest Rate
8.25%
Mortgage Type
New Conventional
Estimated Equity
$27,738

Purchase Details

Listed on
Jul 29, 2022
Closed on
Aug 12, 2022
Sold by
Makowskl James M and Makowskl Carol A
Bought by
Abdukghani Abdullah M
Buyer's Agent
Tim Horigan
Realty Experts
List Price
$239,900
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.52%

Purchase Details

Closed on
Sep 16, 2003
Sold by
Zoric Milan and Zoric Mildred
Bought by
Makowski James M and Kopczynski Carol A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2001
Sold by
H D Apartments Llc
Bought by
Zoric Milan and Zoric Mildred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 1996
Sold by
Folts Patrick A and Folts Kimberly A
Bought by
Venture Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage
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
Valters Ellie $280,000 Superior Title
Abdukghani Abdullah M $237,500 None Listed On Document
Makowski James M $157,000 --
Zoric Milan $140,000 --
H D Apartments Llc -- --
Wojack Andrew -- --
Venture Holdings Llc $53,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valters Ellie $284,700
Previous Owner Makowski James M $109,000
Previous Owner Zoric Milan $105,000
Previous Owner Venture Holdings Llc $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2023 09/24/23 Off Market $280,000 -- --
08/19/2023 08/19/23 For Sale $280,000 +16.7% $185 / Sq Ft
11/11/2022 11/11/22 Off Market $239,900 -- --
07/29/2022 07/29/22 For Sale $239,900 -- $103 / 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 $2,454 $228,800 $72,000 $156,800
2023 $4,820 $228,800 $72,000 $156,800
2022 $4,828 $228,800 $72,000 $156,800
2021 $5,009 $170,500 $51,000 $119,500
2020 $4,940 $170,500 $51,000 $119,500
2019 $4,872 $170,500 $51,000 $119,500
2018 $4,710 $170,500 $51,000 $119,500
2017 $4,050 $148,000 $51,000 $97,000
2016 $3,678 $148,000 $51,000 $97,000
2015 $3,698 $148,000 $51,000 $97,000
2014 $3,609 $148,000 $51,000 $97,000
2013 $4,167 $148,000 $51,000 $97,000
Source: Public Records

Agents Affiliated with this Home

  • Michael Borowski

    Seller's Agent in 2023

    Michael Borowski

    Homestead Realty, Inc

    (414) 514-4699

    4 in this area

    948 Total Sales

    Michael Borowski
    Section Image

  • M

    Buyer's Agent in 2023

    MVE Real Estate Group*

    EXP Realty, LLC~MKE

    Section Image

  • T

    Buyer's Agent in 2022

    Tim Horigan

    Realty Experts

    (414) 217-7122

    1 in this area

    26 Total Sales

    Tim Horigan
    Section Image

  • M

    Buyer's Agent in 2022

    Mustafa Ali

    HomeWire Realty

See All Agents

Map

Source: Metro MLS

MLS Number: 1847151

Metro MLS

APN: 777-0248-000

Wisconsin Milwaukee County South Milwaukee 53172 Drexel Highlands

1405 Marquette Ave, South Milwaukee, WI

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