NOT LISTED FOR SALE

1628 W Lincoln Ave Milwaukee, WI 53215

Forest Home Hills Neighborhood

Estimated Value: $227,129

8 Beds
-- Bath
4,060 Sq Ft
$56/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $166,750 $41 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,464/month

50 Days on Market

Highlights

  • Enclosed Parking
  • Forced Air Heating System
  • Wood Siding
  • Golda Meir School Rated A-
  • Hot Water Heating System

About This Home

As of April 2021

Investment Opportunity!! 3 apartments, all occupied! 3 bedroom upper front of building, 2 bedroom upper back of building and a 3 bedroom lower unit. All with 1 bath each. There is also retail space unoccupied if you want to add one more commercial tenant. This Seller just keeps the apartments occupied and doesn't rent the retail space currently. In the past there was a nail salon in the retail space. Opportunities!!24 hour notice required for showings. Seller included heat in rent for apartments 1 & 2. Rents are month-to-month.

Last Agent to Sell the Property

Laurie Reichelt

First Weber Inc - Menomonee Falls License #74539-94 Listed on: 12/08/2020

First Weber Inc - Menomonee Falls

Last Buyer's Agent

Rosalynn Wolfe

Kendrix Realtors License #75242-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,367

Year Built

  • Built in 1911

Lot Details

  • 3,485 Sq Ft Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,060 Sq Ft Home
  • Multi-Level Property

Parking

  • Enclosed Parking
  • Outside Parking

Utilities

  • Forced Air Heating System
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Exclusions: Tenants & Sellers Personal Property

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,367

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: 3 Refrigerators, 3 Stoves, 1 Boiler, 1 Furnace
  • Directions: 16th Block of Lincoln Avenue
  • New Construction: No
  • Year Built: 1911
  • Cleared Acreage: Less than 1/2
  • Full Street Address: 1628 W Lincoln AVENUE
  • Type 5 Heat Fuel: Natural Gas
  • Lot Acreage: 0.08
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: None / Slab
  • Second Floor Total Sq Ft: 4060.00

Exterior Features

  • Exclusions: Tenants & Sellers Personal Property
  • Exterior Building Type: Apartment Building, Duplex +
  • Exterior: Brick/Stone, Brick, Partial-Brick, Partial-Wood, Wood

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

  • School District: Milwaukee
  • Junior High Dist: Milwaukee

Lot Info

  • Zoning: LB2
  • Acreage Range: 0.0 to .499

Tax Info

  • Tax Year: 2019
  • Total Taxes: 3367.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2020
Closed on
Apr 23, 2021
Sold by
Vang Kathy
Bought by
Stricklen Properties Llc
Seller's Agent
Laurie Reichelt
First Weber Inc - Menomonee Falls
Buyer's Agent
Rosalynn Wolfe
Kendrix Realtors
List Price
$166,750
Sold Price
$166,750
Current Estimated Value
$227,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,379
Avg. Annual Appreciation
7.45%
Original Mortgage
$120,000
Outstanding Balance
$108,981
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
$118,148

Purchase Details

Closed on
Aug 10, 2011
Sold by
Vuong Jim Xiong and Vuong Linh Xiong
Bought by
Vang Kathy

Purchase Details

Closed on
Mar 10, 2003
Sold by
Vuong Van
Bought by
Vuong Van and Vuong Jim Xiong
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
Stricklen Properties Llc $166,800 None Available
Vang Kathy $5,000 None Available
Vuong Van -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stricklen Properties Llc $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $166,750 0.0% $41 / Sq Ft
01/27/2021 01/27/21 Pending -- -- --
12/08/2020 12/08/20 For Sale $166,750 -- $41 / 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 $10,278 $265,000 $6,600 $258,400
2023 $4,038 $170,900 $6,600 $164,300
2022 $4,900 $170,900 $6,600 $164,300
2021 $3,884 $135,600 $6,600 $129,000
2020 $3,752 $135,600 $6,600 $129,000
2019 $3,464 $134,000 $6,600 $127,400
2018 $4,805 $134,000 $6,600 $127,400
2017 $3,459 $127,000 $6,600 $120,400
2016 $7,381 $123,000 $6,600 $116,400
2015 $5,507 $122,000 $6,600 $115,400
2014 $4,727 $122,000 $6,600 $115,400
2013 -- $149,000 $6,600 $142,400
Source: Public Records

Agents Affiliated with this Home

  • Laurie Reichelt

    Seller's Agent in 2021

    Laurie Reichelt

    First Weber Inc - Menomonee Falls

    (414) 303-1640

    1 in this area

    90 Total Sales

    Section Image

  • R

    Buyer's Agent in 2021

    Rosalynn Wolfe

    Kendrix Realtors

See All Agents

Map

Source: Metro MLS

MLS Number: 1721028

Metro MLS

APN: 469-1831-000-2

Wisconsin Milwaukee County Milwaukee 53215 Forest Home Hills

1628 W Lincoln Ave, Milwaukee, WI

This home is located at 1628 W Lincoln Ave, Milwaukee, WI 53215 since 08 December 2020 and is currently estimated at $227,129, approximately $55 per square foot. This property was built in 1911. 1628 W Lincoln Ave is a home located in Milwaukee County with nearby schools including Milwaukee Spanish Immersion School - Upper Campus, La Escuela Fratney, and Milwaukee German Immersion School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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