$225,000
SOLD JAN 31, 2025
-- Bed
-- Bath
2,816 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$80 Per Sq Ft

2% Above List Price

3 Days on Market

Highlights

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

About This Home

As of January 2025

This exceptional income-generating property is a money maker. Only a rare vacant unit makes it available for sale. It consists of a nice-sized duplex with three bedrooms upstairs and three bedrooms downstairs, plus a full walk-up attic. The duplex has hardwood floors, a walk-in pantry, and built-in buffets. The roof and windows have been replaced within the last eight years. Current rents are $870, but there's room to grow. In addition, there's a one-bedroom, two-bathroom home that generates rent of $875. The home is called a cottage, but it has an attic and full basement. It has a newer natural gas forced-air furnace and has had weatherization completed. Each unit has its own service, three separate gas and three separate electric meters.

Last Agent to Sell the Property

William Winsner

List 4 Less MLS of WI License #49445-94 Listed on: 01/11/2025

Last Buyer's Agent

William Winsner

List 4 Less MLS of WI License #49445-94 Listed on: 01/11/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,964

Year Built

  • Built in 1913

Lot Details

  • 3,485 Sq Ft Lot

Home Design

  • Duplex
  • Vinyl Siding
  • Aluminum Trim

Interior Spaces

  • 2,816 Sq Ft Home
  • Multi-Level Property

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Laundry in Basement

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: Seller and tenants personal property.
  • Seller Concessions Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,964

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Prop. Type: Multi-Family
  • Directions: W. Lincoln Ave to 7th St. South to home.
  • New Construction: No
  • Year Built: 1913
  • Cleared Acreage: Less than 1/2
  • Full Street Address: 2485 S 7th STREET #2487
  • 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: Block, Full, Laundry Facilities, Walk Out/Outer Door
  • Second Floor Total Sq Ft: 2816.00

Exterior Features

  • Exclusions: Seller and tenants personal property.
  • Exterior Building Type: Duplex +
  • Exterior: Aluminum Trim, Vinyl

Garage/Parking

  • Parking Features:Workshop in Garage: None
  • Garage/Parking: 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: RT4
  • Acreage Range: 0.0 to .499

Tax Info

  • Tax Year: 2023
  • Total Taxes: 3964.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2025
Closed on
Jan 31, 2025
Sold by
Vieira Rental 3 Llc
Bought by
2485 S 7Th Street Llc
Seller's Agent
William Winsner
List 4 Less MLS of WI
Buyer's Agent
William Winsner
List 4 Less MLS of WI
List Price
$219,900
Sold Price
$225,000
Premium/Discount to List
$5,100
2.32%
Total Days on Market
3
Views
22
Current Estimated Value
$236,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,503
Avg. Annual Appreciation
16.31%

Purchase Details

Closed on
Nov 14, 2022
Sold by
Vieira Nicholas
Bought by
Vieira Rental 3 Llc

Purchase Details

Closed on
Oct 26, 2022
Sold by
Austin Bolivar Properties Llc
Bought by
Vleira Nicholas

Purchase Details

Closed on
Nov 10, 2017
Sold by
Guardian Credit Union
Bought by
Ausiton Bolivar Proepites Llc

Purchase Details

Closed on
Jun 14, 2017
Sold by
Palkowski Diane
Bought by
Guardian Credit Union
Source: Public Records

Range of Values:

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Average Value
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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 $225,000 None Listed On Document
Quit Claim Deed -- --
Quit Claim Deed -- --
Special Warranty Deed $32,000 None Available
Sheriffs Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $82,500 New Conventional
Previous Owner $17,609 Unknown
Previous Owner $10,000 Unknown
Previous Owner $8,000 Unknown
Previous Owner $59,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $225,000 +2.3% $80 / Sq Ft
01/22/2025 01/22/25 Off Market $219,900 -- --
01/14/2025 01/14/25 Pending -- -- --
01/11/2025 01/11/25 For Sale $219,900 -- $78 / 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
2023 $4,036 $170,800 $7,400 $163,400
2022 $3,994 $170,800 $7,400 $163,400
2021 $2,882 $97,700 $7,400 $90,300
2020 $2,298 $97,700 $7,400 $90,300
2019 $1,863 $82,200 $7,400 $74,800
2018 $2,300 $82,200 $7,400 $74,800
2017 $5,326 $82,200 $6,000 $76,200
2016 $2,586 $90,400 $6,000 $84,400
2015 -- $90,400 $6,000 $84,400
2014 -- $88,200 $6,000 $82,200
2013 -- $88,200 $6,000 $82,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro MLS

MLS Number: 1903770

Metro MLS

APN: 497-0394-000-4