201 N Chicago Ave South Milwaukee, WI 53172
Estimated payment $7,130/month
About This Home
This 10 unit, 2-story, brick apt building in South Milw has been VERY well kept & updated inside & out! All units 1 bed/1 bath, +/-800sf, most w/ porch or balcony. ALL ELECTRIC building-no boiler or furnaces to maintain & no gas utility bill! All units updated in the last few years w/ bright, white kitchen cabinets, appliances & updated baths. No carpeting in units-all HWF &/or LVP & tile. All units have built-in wall AC units, some replaced recently. A majority of the 11 HWH's have been replaced. Roof replaced in 2018 per sellers. Coin laundry & 10+ storage lockers in basement. 10 reserved parking stalls rear of property. FULLY LEASED! Location ULTRA convenient & walkable to many conveniences: stores, parks & highway access! Professionally managed!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,109
Lot Details
- 10,454 Sq Ft Lot
Home Design
- 6,948 Sq Ft Home
- Brick Exterior Construction
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
- Laundry in Basement
Schools
- South Milwaukee Middle School
- South Milwaukee High School
Community Details
- Operating Expense $81,950
- Net Operating Income $21,250
Listing and Financial Details
- Exclusions: Washer (1) and Dryer(1) in basement common area - coin operated/rented, seller/tenant personal property
- The owner pays for sewer, water, electric/public
- Assessor Parcel Number 7240144000
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,109 | $667,800 | $117,800 | $550,000 |
| 2023 | $14,011 | $667,800 | $117,800 | $550,000 |
| 2022 | $14,124 | $667,800 | $117,800 | $550,000 |
| 2021 | $14,746 | $500,000 | $110,000 | $390,000 |
| 2020 | $14,565 | $500,000 | $110,000 | $390,000 |
| 2019 | $14,325 | $500,000 | $110,000 | $390,000 |
| 2018 | $13,856 | $500,000 | $110,000 | $390,000 |
| 2017 | $13,644 | $500,000 | $110,000 | $390,000 |
| 2016 | $12,604 | $500,000 | $110,000 | $390,000 |
| 2015 | $12,688 | $500,000 | $110,000 | $390,000 |
| 2014 | $12,385 | $500,000 | $110,000 | $390,000 |
| 2013 | $14,066 | $500,000 | $110,000 | $390,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | For Sale | $1,200,000 | -- | $173 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $875,000 | Merit Title | |
| Warranty Deed | $150,000 | None Available | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $620,000 | No Value Available |
Source: Metro MLS
MLS Number: 1924826
APN: 724-0144-000
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