NOT LISTED FOR SALE

Estimated Value: $433,965

2 Beds
1 Bath
864 Sq Ft
$502/Sq Ft Est. Value

Sale Details

Date Sold: September 20, 2024

Last sale price $386,500 $447 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,835 / mo

9 Days on Market

About This Home

As of September 2024

Discover an outstanding five-family investment property just a short walk from charming downtown Twin Lakes. This property offers immediate cash flow and is perfectly situated near popular attractions such as holiday parades, beaches, boating, ski shows, restaurants, an ice cream parlor, fishing spots, and scenic lakes. Its central location between Milwaukee and Chicago makes it highly appealing to renters. The property includes a 3-unit complex, each featuring one bedroom and one bathroom, along with two separate homes, each offering two bedrooms and one bathroom. Seize this prime cash-flowing investment opportunity in the vibrant Twin Lakes area!

Last Agent to Sell the Property

The Schmidt Group*

Keller Williams Realty-Milwaukee Southwest Brokerage Phone: 262-599-8980 License #82149-94 Listed on: 08/03/2024

Keller Williams Realty-Milwaukee Southwest

Last Buyer's Agent

Natalie Bell

Keating Real Estate License #62007-94

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Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.37

Home Design

  • Vinyl Siding

Schools

  • Lakewood Elementary School
  • Wilmot High School

Additional Features

  • Basement Fills Entire Space Under The House
  • 16,117 Sq Ft Lot

Community Details

  • Operating Expense $13,546
  • Net Operating Income $38,654

Listing and Financial Details

  • Exclusions: Seller and tenant personal property including washers and dryers in all units - Water softener rented
  • Tenant pays for electricity, heat, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 8541192114300

Property Details

Home Type

Multi-Family

Lot Details

0.37 Acres

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.37
  • Inclusions: Oven/Stoves and Fridges in each unit.
  • Directions: North Lake Avenue to East Hunt Avenue
  • Attribution Contact: 262-599-8980
  • Special Features: None

Interior Features

  • Owner Pays: Other, Sewer, Water
  • Has Basement: Full
  • Basement YN: Yes

Exterior Features

  • Exclusions: Seller and tenant personal property including washers and dryers in all units - Water softener rented
  • Construction Type: Vinyl, Wood

Garage/Parking

  • Attached Garage: No
  • Parking Features: Outdoor Space

Utilities

  • Sewer: Municipal Sewer

Schools

  • Elementary School: Lakewood
  • Junior High Dist: Twin Lakes #4
  • High School: Wilmot

Lot Info

  • Lot Size Sq Ft: 16117.2
  • Parcel #: 8541192114300

Rental Info

  • Tenant Pays: Electricity, Heat, Gas

Multi Family

  • Property Net Operating Income: 38654
  • Annual Operating Expense: 13546

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2024
Closed on
Sep 20, 2024
Sold by
Bought by
Seller's Agent
The Schmidt Group*
Keller Williams Realty-Milwaukee Southwest
Buyer's Agent
Natalie Bell
Keating Real Estate
List Price
$397,000
Sold Price
$386,500
Premium/Discount to List
-$10,500
-2.64%
Views
1
Current Estimated Value
$433,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,465
Avg. Annual Appreciation
6.39%

Purchase Details

Closed on
May 14, 2024
Sold by
Bought by

Purchase Details

Closed on
Aug 16, 2022
Sold by
Bought by

Purchase Details

Closed on
Jul 30, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,500
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$386,500 Members Title Group, Llc
$300,000 Members Title Group, Llc
$357,300 Knight Barry Title, Inc.
$357,300 Knight Barry Title, Inc.
$250,000 Knight Barry Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $162,500
Previous Owner $161,000
Previous Owner $25,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/20/2024 09/20/24 Sold $386,500 -2.6% $447 / Sq Ft
08/01/2024 08/01/24 For Sale $397,000 -- $459 / Sq Ft
Source: Metro MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $5,345 $398,500 $65,500 $333,000
2024 $5,282 $398,500 $65,500 $333,000
2023 $6,550 $329,700 $34,400 $295,300
2022 $7,181 $329,700 $34,400 $295,300
2021 $9,207 $329,700 $34,400 $295,300
2020 $7,991 $238,200 $34,400 $203,800
2019 $7,698 $238,200 $34,400 $203,800
2018 $5,872 $238,200 $34,400 $203,800
2017 $5,306 $203,900 $34,400 $169,500
2016 $5,314 $203,900 $34,400 $169,500
2015 $4,902 $203,900 $34,400 $169,500
2014 -- $197,700 $32,900 $164,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro MLS

MLS Number: 1886298

Metro MLS

APN: 85-4-119-211-4300

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