NOT LISTED FOR SALE

1609 E Webster Place Milwaukee, WI 53211

Riverside Park Neighborhood

Estimated Value: $425,000 - $498,000

-- Bed
-- Bath
2,938 Sq Ft
$160/Sq Ft Est. Value

Last Sold October 16, 2020

Last sale price $325,000 $111 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $3,026/month

10 Days on Market

About This Home

As of October 2020

Great location, solid investment. This prime East-side location only a few blocks off Oakland and North Ave. is an ideal property to add to your portfolio. 4 - 2 bedroom units on a quiet residential street, extremely easy to rent with a great cash-flow. The property is right off the river and within walking distance to the Urban Ecology Center. Only about 6 blocks to St. Mary's hospital and roughly 1 mile from Lake Michigan. Very walk-able location, outdoor activities and nightlife are just outside the door.

Last Agent to Sell the Property

Perry Grutza

Abundance Real Estate License #59885-94 Listed on: 08/28/2020

Last Buyer's Agent

Jay Schmidt

Keller Williams Realty-Milwaukee North Shore License #57868-90

Keller Williams Realty-Milwaukee North Shore

Property Details

Home Type

  • Multi-Family

Lot Details

  • 3,049 Sq Ft Lot

Home Design

  • 2,938 Sq Ft Home
  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Community Details

  • Operating Expense $9,000
  • Net Operating Income $32,400

Listing and Financial Details

  • Exclusions: tenants personal property
  • Tenant pays for electricity, heat, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 3200633000

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.07
  • Inclusions: Appliances owned by seller
  • Directions: Oakland Ave to Belleview Pl., west to Bartlett, south to Webster Place, west to property - no sign on property. It's the big blue house on the left.
  • Special Features: None

Interior Features

  • Owner Pays: Sewer, Water
  • Has Basement: Block, Full
  • Basement YN: Yes

Exterior Features

  • Exclusions: tenants personal property
  • Construction Type: Aluminum Trim, Vinyl, Aluminum
  • Roof: Composition

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: 3049.2
  • Parcel #: 3200633000

Rental Info

  • Tenant Pays: Electricity, Heat, Gas

Multi Family

  • Property Net Operating Income: 32400
  • Annual Operating Expense: 9000

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
10/16/2020 10/16/20 Sold $325,000 -7.1% $111 / Sq Ft
09/07/2020 09/07/20 Pending -- -- --
08/28/2020 08/28/20 For Sale $349,900 -- $119 / Sq Ft
Source: Metro MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2020

    Perry Grutza

    Abundance Real Estate

    (414) 333-3196

    2 in this area

    56 Total Sales

    Perry Grutza
    Section Image

  • J

    Buyer's Agent in 2020

    Jay Schmidt

    Keller Williams Realty-Milwaukee North Shore

    (414) 517-7716

    3 in this area

    1,619 Total Sales

    Jay Schmidt
    Section Image
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Map

Source: Metro MLS

MLS Number: 1706903

Metro MLS

APN: 320-0633-000

Wisconsin Milwaukee County Milwaukee 53211 Riverside Park

1609 E Webster Place, Milwaukee, WI

This home is located at 1609 E Webster Place, Milwaukee, WI 53211 since 28 August 2020 and is currently estimated at $470,000, approximately $159 per square foot. 1609 E Webster Place is a home with nearby schools including La Escuela Fratney, Craig Montessori School, and Milwaukee German Immersion School.

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