$2,400,000
SOLD JUL 11, 2025
-- Bed
-- Bath
1,490 Sq Ft
0.82 Acres

Recently Sold

$1,611 Per Sq Ft

9% Above List Price

275 Days on Market

About This Home

As of July 2025

Unique Redevelopment opportunity!! Great Mixed use Commercial and residential. Prime Location with all All 5 Parcels Included in the sale: 0710-061-1920-2, 0710-061-1921-0, 0710-061-1922-8, 0710-061-1924-4 #0710-061-1923-6 Addresses: 2430, 2434, 2450 East Washington Ave Madison WI 53704, 16th N 7th St Madison WI 53704, 10 N 7th st Madison Wi 53704 Properties are being sold as is for redevelopment purposes. Could add up to 6 stories and potentially 100 units per discussion with the city of Madison. 24 hour notice needed for showings.

Last Agent to Sell the Property

Lindsay Hagens

Keller Williams Realty Brokerage Phone: 608-446-2224 License #79230-94 Listed on: 06/05/2023

Keller Williams Realty

Last Buyer's Agent

Lindsay Hagens

Keller Williams Realty Brokerage Phone: 608-446-2224 License #79230-94 Listed on: 06/05/2023

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Home Design

  • Duplex

Parking

  • 15 Open Parking Spaces
  • 6 Covered Spaces

Schools

  • Emerson Elementary School
  • Sherman Middle School
  • East High School

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Separate Water Meter

Additional Features

  • 2-Story Property
  • 0.82 Acre Lot

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 0710-061-1921-0

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 1 story, 2 story, 2 flat-up and down, SingleFam zoned MultiFam
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Units W Ac: 5
  • Number Water Softeners: 6

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 6
  • Parking Stalls Outside: 15

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, 2 stall garage, Attached, Detached
  • Utilities: Separate elec meters, Separate gas meters, Separate water meters

Schools

  • Elementary School: Emerson
  • High School: East
  • Middle School: Sherman
  • School District: Madison

Lot Info

  • Estimated Aces: 0.82
  • Zoning: Res/Comm
  • Geo Subdivision: WI

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 0710-061-1921-0

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of2 Bedrooms: 3
  • Number Of3 Bedrooms: 1
  • Number Of Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 2020
Sold by
Renz Schmelzer Llc
Bought by
Adams Properties Llc
Current Estimated Value
$226,818

Purchase Details

Listed on
Nov 27, 2015
Closed on
Sep 9, 2016
Sold by
Jerosch Hans F and Jerosch Hans
Bought by
Renz Schmelzer Llc
Seller's Agent
Ervin Bendorf
Erv Bendorf, REALTOR
Buyer's Agent
Andrew Lindgren
First Weber Inc
List Price
$159,900
Sold Price
$135,000
Premium/Discount to List
-$24,900
-15.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.80%
Original Mortgage
$720,052
Interest Rate
3.45%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $150,000 None Available
Warranty Deed $135,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $720,052 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2025 07/11/25 Sold $2,400,000 -7.7% $1,611 / Sq Ft
03/06/2024 03/06/24 Pending -- -- --
10/02/2023 10/02/23 Price Changed $2,600,000 +18.2% $1,745 / Sq Ft
06/05/2023 06/05/23 For Sale $2,200,000 +1529.6% $1,477 / Sq Ft
09/09/2016 09/09/16 Sold $135,000 -15.6% $75 / Sq Ft View Prior Sale
05/16/2016 05/16/16 Pending -- -- --
11/27/2015 11/27/15 For Sale $159,900 -- $89 / 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 $6,843 $198,000 $55,000 $143,000
2023 $3,202 $180,000 $55,000 $125,000
2021 $3,139 $150,000 $55,000 $95,000
2020 $3,336 $152,000 $55,000 $97,000
2019 $3,192 $145,000 $55,000 $90,000
2018 $2,963 $135,000 $54,500 $80,500
2017 $3,071 $135,000 $54,500 $80,500
2016 $5,105 $216,300 $49,500 $166,800
2015 $4,917 $196,300 $49,500 $146,800
2014 $4,678 $196,300 $49,500 $146,800
2013 $4,089 $196,300 $49,500 $146,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1957557

South Central Wisconsin Multiple Listing Service

APN: 0710-061-1920-2