NOT LISTED FOR SALE

3534 W Mitchell St Milwaukee, WI 53215

Burnham Park Neighborhood

Estimated Value: $280,000 - $325,000

7 Beds
3 Baths
3,584 Sq Ft
$83/Sq Ft Est. Value

Highlights

  • Enclosed Parking
  • Forced Air Heating and Cooling System
  • 5-minute walk to Burnham Park
  • Golda Meir School Rated A-
  • Hot Water Heating System

About This Home

Investor's delight in Burnham Park! This stout brick building could be cash flow central with its two spacious three-bedroom units and two efficiency units. Each three-bedroom unit offers a dining room with charming built-ins, living room, and kitchen with pantry. The upper efficiency unit has a skylight for natural light and a nice tiled tub surround. The lower efficiency is a huge open space and boasts tall ceilings and central air to keep things cool. Separate heat, electric, and gas utilities for each unit, as well as individual laundry hook ups. Vacant units can use some cosmetic enhancements to increase value and rent, but consider the income generated by a building with this set up. Off-street parking for two cars. This is a great opportunity to score a solid building & investment.

Last Agent to Sell the Property

John Newland

TerraNova Real Estate License #55028-90 Listed on: 09/12/2023

Last Buyer's Agent

Aaron Gerakosov

Coldwell Banker Realty License #59072-90

Coldwell Banker Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,020

Year Built

  • Built in 1929

Lot Details

  • 3,920 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 3,584 Sq Ft Home
  • Multi-Level Property
  • Basement Fills Entire Space Under The House

Parking

  • Enclosed Parking
  • Outside Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Hot Water Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • Exclusions: Seller and tenant personal property.

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,020

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: 4 oven/ranges (three in unit, one in basement), 3 refrigerators, 1 washer, and 1 dryer.
  • Directions: 35th St to Mitchell St, west to building
  • New Construction: No
  • Year Built: 1929
  • Cleared Acreage: Less than 1/2
  • Full Street Address: 3534 W Mitchell STREET
  • Type 5 Heat Fuel: Electric, Natural Gas
  • Lot Acreage: 0.09
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Seller Owned: Water Heater
  • Has Basement: Full, Poured Concrete
  • Second Floor Total Sq Ft: 3584.00

Exterior Features

  • Exclusions: Seller and tenant personal property.
  • Exterior Building Type: Apartment Building
  • Exterior: Brick/Stone, Brick

Garage/Parking

  • Garage/Parking: Outdoor Space, 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: 2022
  • Total Taxes: 5020.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2023
Closed on
Oct 27, 2023
Sold by
Hoffman Mark A
Bought by
Hernandez Jose L and Ortiz Irene Sanchez
Seller's Agent
John Newland
TerraNova Real Estate
Buyer's Agent
Aaron Gerakosov
Coldwell Banker Realty
List Price
$299,900
Sold Price
$268,000
Premium/Discount to List
-$31,900
-10.64%
Total Days on Market
3
Views
44
Current Estimated Value
$296,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,602
Avg. Annual Appreciation
6.54%
Original Mortgage
$201,000
Outstanding Balance
$198,164
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$98,438

Purchase Details

Closed on
Oct 10, 2013
Sold by
Jit Rentals Llc
Bought by
Hoffman Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,649
Interest Rate
4.58%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 15, 2004
Sold by
Hoffman David M
Bought by
Jit Rentals Llc

Purchase Details

Closed on
Aug 27, 2002
Sold by
Deakin Norbert J and Deakin Diane C
Bought by
Hit Llc
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
Hernandez Jose L $268,000 None Listed On Document
Hoffman Mark A $121,000 None Available
Jit Rentals Llc -- --
Hoffman David M -- --
Hit Llc $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Jose L $201,000
Previous Owner Hoffman Mark A $91,000
Previous Owner Hoffman Mark A $104,649
Previous Owner J I T Rentals Llc $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2023 10/29/23 Off Market $299,900 -- --
09/12/2023 09/12/23 For Sale $299,900 -- $84 / 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 $5,054 $213,900 $7,700 $206,200
2022 $5,020 $213,900 $7,700 $206,200
2021 $4,992 $188,700 $7,700 $181,000
2020 $5,041 $188,700 $7,700 $181,000
2019 $3,947 $121,100 $7,800 $113,300
2018 $3,132 $121,100 $7,800 $113,300
2017 $3,053 $112,100 $7,600 $104,500
2016 $3,188 $111,400 $7,600 $103,800
2015 $3,320 $113,600 $7,600 $106,000
2014 $3,609 $120,900 $7,600 $113,300
2013 -- $120,900 $7,600 $113,300
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    John Newland

    TerraNova Real Estate

    (414) 852-0921

    4 in this area

    470 Total Sales

    John Newland
    Section Image

  • A

    Buyer's Agent in 2023

    Aaron Gerakosov

    Coldwell Banker Realty

    (414) 522-2228

    1 in this area

    121 Total Sales

    Aaron Gerakosov
    Section Image
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Map

Source: Metro MLS

MLS Number: 1850042

Metro MLS

APN: 457-9884-000-6

Wisconsin Milwaukee County Milwaukee 53215 Burnham Park

3534 W Mitchell St, Milwaukee, WI

This home is located at 3534 W Mitchell St, Milwaukee, WI 53215 since 12 September 2023 and is currently estimated at $296,602, approximately $82 per square foot. This property was built in 1929. 3534 W Mitchell St is a home located in Milwaukee County with nearby schools including Milwaukee Spanish Immersion School - Upper Campus, Milwaukee German Immersion School, and La Escuela Fratney.

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