$725,000
SOLD FEB 28, 2025

1915 University Ave Unit 1 Madison, WI 53726

Regent Neighborhood
-- Bed
-- Bath
3,400 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$213 Per Sq Ft

4% Below List Price

96 Days on Market

Highlights

  • Bonus Room
  • Balcony
  • Property is near a bus stop
  • Randall Elementary School Rated A-
  • Eat-In Kitchen
  • Forced Air Heating System

About This Home

As of February 2025

Prime investment opportunity in the heart of University Heights. Incredibly appealing location for tenants - walking distance to Camp Randall, Babcock Hall, Engineering and Vet School. The first-floor unit features 2 bedrooms, renting for $1,800/month, plus $100/month for 2 parking spots. The upper unit has 5 bedrooms, 4 of which are rented at $800/month (5th bedroom available to be leased), plus $50/month for 1 parking spot. Total income potential of $71,400 per year. Both units have laundry, covered porches, and parking. Leases and income info available to verified buyers. Recent updates include bathrooms, flooring and more!

Last Agent to Sell the Property

Cait Berry

Berkshire Hathaway HomeServices True Realty Listed on: 08/05/2024

Berkshire Hathaway HomeServices True Realty

Last Buyer's Agent

Cait Berry

Berkshire Hathaway HomeServices True Realty Listed on: 08/05/2024

Berkshire Hathaway HomeServices True Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,242

Year Built

  • Built in 1899

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Family Room
  • Bonus Room
  • Basement Fills Entire Space Under The House
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Parking

  • 3 Open Parking Spaces
  • Outside Parking

Schools

  • Franklin/Randall Elementary School
  • Hamilton Middle School
  • West High School

Additional Features

  • Balcony
  • 6,534 Sq Ft Lot
  • Property is near a bus stop
  • Forced Air Heating System

Community Details

  • 2 Units
  • University Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0709-222-0803-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,242

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, 2 flat-up and down
  • Items Excluded: Tenant's personal items
  • Items Included: (2) range/ovens, (2) refrigerators. (2) dishwashers, (2) washers, (2) dryers
  • Miscellaneous: Close to bus line
  • Year Built: 1899
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 2
  • Number Dryers: 2
  • Number Furnaces: 1
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Washers: 2
  • Number Water Heaters: 2

Exterior Features

  • Exterior: Vinyl, Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 3

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Outside

Schools

  • School District: Madison
  • Elementary School: Franklin/Randall
  • Middle School: Hamilton
  • High School: West
  • Elementary School: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison

Lot Info

  • Estimated Aces: 0.15
  • Zoning: TR-UH
  • Geo Subdivision: WI

Rental Info

  • Total Income: 71400

Tax Info

  • Land Assessment: 173900
  • Improvements: 556800
  • Total Assessment: 730700
  • Assessment year: 2024
  • Net Taxes: 12242
  • Tax Year: 2024
  • Assessor Parcel Number: 0709-222-0803-2

Multi Family

  • Number Of2 Bedrooms: 1
  • Number Of3 Bedrooms: 1
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2024
Closed on
Feb 24, 2025
Sold by
Indigo Enterprises Ii Llc
Bought by
1915 University Llc
Seller's Agent
Cait Berry
Berkshire Hathaway HomeServices True Realty
Buyer's Agent
Cait Berry
Berkshire Hathaway HomeServices True Realty
List Price
$757,000
Sold Price
$725,000
Premium/Discount to List
-$32,000
-4.23%
Views
181
Current Estimated Value
$728,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,353
Avg. Annual Appreciation
1.55%

Purchase Details

Closed on
Jan 10, 2017
Sold by
Liedtke Daniel K and Liedtke Christine S
Bought by
Indigo Enterprises Ii Llc

Purchase Details

Listed on
Sep 19, 2016
Closed on
Oct 31, 2016
Sold by
Wood David D
Bought by
Liedtke Daniel K and Liedtke Christine S
Seller's Agent
James Stopple
Madison Property Management, Inc.
Buyer's Agent
Michael Paumen
Compass Real Estate Wisconsin
List Price
$480,000
Sold Price
$477,500
Premium/Discount to List
-$2,500
-0.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.01%
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 $725,000 Knight Barry Title
Quit Claim Deed -- None Available
Warranty Deed $477,500 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $292,800 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Sold $725,000 0.0% $213 / Sq Ft
10/30/2024 10/30/24 Price Changed $725,000 -4.2% $213 / Sq Ft
08/21/2024 08/21/24 For Sale $757,000 +4.4% $223 / Sq Ft
08/08/2024 08/08/24 Off Market $725,000 -- --
08/05/2024 08/05/24 For Sale $757,000 +58.5% $223 / Sq Ft
10/31/2016 10/31/16 Sold $477,500 -0.5% $172 / Sq Ft
09/27/2016 09/27/16 Pending -- -- --
09/19/2016 09/19/16 For Sale $480,000 -- $173 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

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 $25,704 $730,700 $173,900 $556,800
2023 $12,242 $664,300 $158,100 $506,200
2021 $11,556 $541,500 $133,100 $408,400
2020 $11,186 $501,400 $123,200 $378,200
2019 $11,231 $501,400 $123,200 $378,200
2018 $10,676 $477,500 $112,000 $365,500
2017 $11,061 $477,500 $109,800 $367,700
2016 $6,949 $293,200 $103,600 $189,600
2015 $6,682 $265,900 $93,100 $172,800
2014 $6,364 $265,900 $93,100 $172,800
2013 $6,049 $265,900 $89,500 $176,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1983360

South Central Wisconsin Multiple Listing Service

APN: 0709-222-0803-2