NOT LISTED FOR SALE

2308 12th Ave South Milwaukee, WI 53172

M District Neighborhood

Estimated Value: $173,000 - $244,503

-- Bed
-- Bath
1,967 Sq Ft
$112/Sq Ft Est. Value

Last Sold March 04, 2024

Last sale price $150,000 $76 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $1,308/month

140 Days on Market

About This Home

As of March 2024

South Milwaukee investors, take note: 3/2 duplex on a double lot is yours for the taking! This building is larger than it looks, with three bedrooms, living room, and formal dining room in the lower unit. The upper unit offers two bedrooms with a dining room and office area/flex room. Separate electric, gas, & furnaces; however there is one water heater currently serving the property. Units and exterior are in reasonable condition with maintenance-free vinyl siding and aluminum trim, as well as vinyl windows in place. A two car garage lends off street parking, and the large lot gives plenty of room outside and may present other possibilities. Currently rented for a total of $1800/month on MTM terms with potential for higher rents. Scoop this one up for a nice addition to your portfolio.

Last Agent to Sell the Property

John Newland

TerraNova Real Estate License #55028-90 Listed on: 08/28/2023

Last Buyer's Agent

Andrew Uhl

RE/MAX Liberty License #52305-90

RE/MAX Liberty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,782

Year Built

  • Built in 1915

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Vinyl Siding
  • Aluminum Trim

Interior Spaces

  • 1,967 Sq Ft Home
  • 2-Story Property

Basement

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

Schools

  • South Milwaukee Middle School
  • South Milwaukee High School

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Seller and tenant personal property, lower unit oven/range

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,782

Year Built

Built in 1915

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: Upper and lower refrigerators, upper unit oven/range
  • Directions: Milwaukee Ave to 12th Ave, south to property -OR- Marquette Ave to 12th Ave, north to property (no sign)
  • New Construction: No
  • Year Built: 1915
  • Cleared Acreage: Less than 1/2
  • Full Street Address: 2308 12th AVENUE
  • Lot Acreage: 0.12
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Block, Full
  • Second Floor Total Sq Ft: 1967.00

Exterior Features

  • Exclusions: Seller and tenant personal property, lower unit oven/range
  • Exterior Building Type: 2 Story, Duplex
  • Exterior: Aluminum Trim, Other, Vinyl

Garage/Parking

  • Parking Features:Workshop in Garage: Detached, 2 Car
  • Garage Spaces: 2.0

Utilities

  • Utilities: 2 Electric Meters, 2 Gas Meters
  • Water Waste: Municipal Sewer, Municipal Water

Schools

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

Lot Info

  • Zoning: C3
  • Acreage Range: 0.0 to .499

Tax Info

  • Tax Year: 2022
  • Total Taxes: 2782.0

MLS Schools

  • Middle School: South Milwaukee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2023
Closed on
Feb 8, 2024
Sold by
Meteor Homes Llc
Bought by
1111 S West Ave Properties Llc
Seller's Agent
John Newland
TerraNova Real Estate
Buyer's Agent
Andrew Uhl
RE/MAX Liberty
List Price
$199,900
Sold Price
$150,000
Premium/Discount to List
-$49,900
-24.96%
Views
2
Current Estimated Value
$221,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,126
Avg. Annual Appreciation
25.82%

Purchase Details

Closed on
Aug 4, 2020
Sold by
Malik Joshua
Bought by
Meteor Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 7, 2020
Sold by
Jm Wi Homes Llc
Bought by
Malik Joshua

Purchase Details

Closed on
Mar 29, 2019
Sold by
Hsbc Bank Usa National Association
Bought by
Jm Wi Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,285
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
May 2, 2018
Sold by
Schuster Vance
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
May 23, 2001
Sold by
Danek Mary
Bought by
Schuster Vance

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,510
Interest Rate
10.75%
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
1111 S West Ave Properties Llc $150,000 Knight Barry Title
Meteor Homes Llc -- None Available
Malik Joshua -- None Available
Jm Wi Homes Llc $93,651 Premium Title Service Inc
Hsbc Bank Usa Na -- None Available
Schuster Vance $83,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Meteor Homes Llc $112,000
Previous Owner Jm Wi Homes Llc $102,285
Previous Owner Schuster Vance $75,510
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2024 03/04/24 Sold $150,000 0.0% $76 / Sq Ft
11/03/2023 11/03/23 Off Market $150,000 -- --
08/28/2023 08/28/23 For Sale $199,900 0.0% $102 / Sq Ft
05/01/2021 05/01/21 Rented $950 0.0% --
05/01/2021 05/01/21 For Rent $950 -- --
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 $1,736 $143,300 $63,700 $79,600
2023 $3,406 $143,300 $63,700 $79,600
2022 $4,569 $143,300 $63,700 $79,600
2021 $3,471 $119,000 $46,000 $73,000
2020 $3,422 $119,000 $46,000 $73,000
2019 $3,475 $119,000 $46,000 $73,000
2018 $3,862 $119,000 $46,000 $73,000
2017 $3,207 $119,000 $46,000 $73,000
2016 $2,942 $119,000 $46,000 $73,000
2015 $2,958 $119,000 $46,000 $73,000
2014 $2,887 $119,000 $46,000 $73,000
2013 $5,255 $119,000 $46,000 $73,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    John Newland

    TerraNova Real Estate

    (414) 852-0921

    4 in this area

    520 Total Sales

    John Newland
    Section Image
  • Andrew Uhl

    Buyer's Agent in 2024

    Andrew Uhl

    RE/MAX

    (262) 336-9000

    3 in this area

    321 Total Sales

    Andrew Uhl
    Section Image
  • Monique Simmons

    Seller's Agent in 2021

    Monique Simmons

    Synergy Real Estate Group

    (414) 797-9050

    93 Total Sales

    Monique Simmons
    Section Image
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Map

Source: Metro MLS

MLS Number: 1848258

Metro MLS

APN: 770-0465-000

Wisconsin Milwaukee County South Milwaukee 53172 M District

2308 12th Ave, South Milwaukee, WI

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