NOT LISTED FOR SALE

3724 N 55th St Unit 3724A Milwaukee, WI 53216

Grasslyn Manor Neighborhood

Estimated Value: $172,000 - $210,167

3 Beds
2 Baths
2,894 Sq Ft
$64/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $1,150,000 $397 Per Sq Ft

Current estimated payment $1,226/month

140 Days on Market

About This Home

As of June 2021

PROPERTY OVERVIEW: pleased to offer for your investment consideration a 100% fee simple interest in a 17-Unit portfolio located in the Grasslynn Manor neighborhood of Milwaukee, Wisconsin. These residential units, consisting of 8 duplexes and 1 single family home, were built in the mid 20th Century. The units are 100% occupied and within close proximity providing management efficiency.PROPERTY HIGHLIGHTS:Value-add opportunity for a new Owner to cut the loss to lease and bring rents to market.Year 1 ''As-Is'' Cash-On-Cash: 14.20% & Pro-Forma Cash-On-Cash: 15.50%IRR 7-Year Holding Period: 25.42%

Last Agent to Sell the Property

Michael Wirth

SVN Hintze Commercial Real Estate License #73471-94 Listed on: 11/06/2020

Last Buyer's Agent

Michael Wirth

SVN Hintze Commercial Real Estate License #73471-94 Listed on: 11/06/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,688

Year Built

  • Built in 1942

Lot Details

  • 4,792 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • 1 to 5 Parking Spaces

Home Design

  • Duplex
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,894 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,688

Year Built

Built in 1942

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: Furnace, Hot-Water Heaters
  • Directions: Grasslyn Manor Neighborhood in Milwaukee, Wisconsin. Centrally located between arterial roads 175 and 145 south of Capitol Drive and minutes away from Interstate 41 and Interstate 43.
  • New Construction: No
  • Year Built: 1942
  • Cleared Acreage: Less than 1/2
  • Full Street Address: 3724 N 55th St #3724A
  • Lot Acreage: 0.11
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full
  • Second Floor Total Sq Ft: 2894.00

Exterior Features

  • Exterior Building Type: 2 Story, Duplex
  • Exterior: Brick/Stone, Brick, Wood

Garage/Parking

  • Parking Features:Workshop in Garage: Detached, 2 Car
  • Garage Spaces: 2.0
  • Garage/Parking: 1 Space

Utilities

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

Schools

  • School District: Milwaukee
  • Junior High Dist: Milwaukee

Lot Info

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

Tax Info

  • Tax Year: 2020
  • Total Taxes: 2688.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 14, 2007
Sold by
Fv-1 Inc
Bought by
Consumer Solutions Reo Llc
Current Estimated Value
$183,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,900
Interest Rate
6.22%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 13, 2007
Sold by
Morris Stephanie
Bought by
Fv I Inc

Purchase Details

Closed on
May 10, 2006
Sold by
Advanced Properties & Investments Llc
Bought by
Morris Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,750
Interest Rate
8.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 15, 2005
Sold by
Balge Robert A and Balge Patricia A
Bought by
Advanced Properties & Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,800
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Consumer Solutions Reo Llc -- None Available
Jmc Properties Locdup Llc $91,000 None Available
Fv I Inc $108,715 None Available
Morris Stephanie $147,500 None Available
Advanced Properties & Investments Llc $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jmc Properties Locdup Llc $99,900
Previous Owner Morris Stephanie $132,750
Previous Owner Advanced Properties & Investments Llc $92,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $1,150,000 0.0% $397 / Sq Ft
03/26/2021 03/26/21 Pending -- -- --
11/06/2020 11/06/20 For Sale $1,150,000 -- $397 / 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
2024 $3,019 $126,600 $7,000 $119,600
2023 $2,680 $113,400 $7,000 $106,400
2022 $2,627 $113,400 $7,000 $106,400
2021 $2,466 $96,500 $7,000 $89,500
2020 $2,450 $96,500 $7,000 $89,500
2019 $2,239 $81,600 $7,000 $74,600
2018 $2,044 $81,600 $7,000 $74,600
2017 $2,154 $81,600 $6,400 $75,200
2016 $2,364 $85,000 $6,400 $78,600
2015 $2,667 $93,600 $6,400 $87,200
2014 $2,725 $93,600 $6,400 $87,200
2013 -- $93,600 $6,400 $87,200
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Michael Wirth

    SVN Hintze Commercial Real Estate

See All Agents

Map

Source: Metro MLS

MLS Number: 1731033

Metro MLS

APN: 266-0409-000-7

Wisconsin Milwaukee County Milwaukee 53216 Grasslyn Manor

3724 N 55th St Unit 3724A, Milwaukee, WI

This home is located at 3724 N 55th St Unit 3724A, Milwaukee, WI 53216 since 06 November 2020 and is currently estimated at $183,792, approximately $63 per square foot. This property was built in 1942. 3724 N 55th St Unit 3724A is a home located in Milwaukee County with nearby schools including Fifty-Third Street School, Milwaukee German Immersion School, and Craig Montessori School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Metro MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

IDX listing data provided by Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified.

Copyright 2025 – Multiple Listing Service, Inc. – All Rights Reserved.

Nearby Homes