NOT LISTED FOR SALE

503 Marquette Ave South Milwaukee, WI 53172

Historic Lakeview Neighborhood

Estimated Value: $361,456

-- Bed
-- Bath
2,828 Sq Ft
$128/Sq Ft Est. Value

Last Sold January 21, 2022

Last sale price $260,000 $92 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,155/month

1 Day on Market

About This Home

As of January 2022

Calling All Investors! Don't Let This Perfect Investment Opportunity Pass You By! Seller Has Owned Property For 22 Years! All Brick Multi-Family Close To It All In South Milwaukee! Maintenance Free Brick Exterior! Corner Lot! Four Identical 1 Bedroom & 1 Full Bath Units! Each Unit Boasts Hardwood Floors Throughout! Large Closets For Storage! Ceramic Tile Full Bathrooms! Natural Hardwood! Eat In Kitchen! Great Size Living Rooms! Upper Units Have Small Balcony! 3 Out of 4 Units Include All Appliances! Extremely DRY & CLEAN Brick Basement! Washer & Dryer Included! Separate Storage Lockers For All Units! 4 Furnaces, 4 Water Heaters, 4 Gas Meters, 4 Electric Panels! 2 Car Detached Garage! Nice Size Yard & Green Space! Close To Shopping, Restaurants, Transportation & More!

Last Agent to Sell the Property

Pamela Beck

EXP Realty LLC-West Allis License #49149-90 Listed on: 11/22/2021

Last Buyer's Agent

Brett Jump

Realty Executives Integrity NorthShore License #84838-94

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,259

Year Built

  • Built in 1950

Lot Details

  • 4,356 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 2,828 Sq Ft Home
  • Multi-Level Property

Basement

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

Parking

  • Enclosed Parking
  • Outside Parking

Schools

  • Lakeview Elementary School
  • South Milwaukee Middle School
  • South Milwaukee High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units
  • Blvd. Heights Subdivision

Listing and Financial Details

  • Exclusions: Seller's & Tenant's Personal Property.

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,259

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: 3 Refrigerators, 3 Stoves, 1 Washer, 1 Dryer.
  • Directions: Marquette Ave To Your New Property! Property on Corner Of Marquette Ave & 5th Ave.
  • New Construction: No
  • Year Built: 1950
  • Cleared Acreage: Less than 1/2
  • Full Street Address: 503 Marquette AVENUE
  • Type 5 Heat Fuel: Natural Gas
  • Lot Acreage: 0.1
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Seller Owned: Dryer, Seller Owned: Washer
  • Has Basement: Block, Full, Laundry Facilities
  • Second Floor Total Sq Ft: 2828.00

Exterior Features

  • Exclusions: Seller's & Tenant's Personal Property.
  • Exterior Building Type: Apartment Building
  • Exterior: Brick/Stone, Brick

Garage/Parking

  • Parking Features:Workshop in Garage: Indoor Space
  • Garage/Parking: Inside Parking, Outside

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Condo/Co-op/Association

  • Stories in Building: 1 - 2

Schools

  • Elementary School: Lakeview
  • High School: South Milwaukee
  • Junior High Dist: South Milwaukee

Lot Info

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

Tax Info

  • Tax Year: 2020
  • Total Taxes: 6259.33

MLS Schools

  • Middle School: South Milwaukee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2003
Sold by
Rueth Richard D
Bought by
Marquette Place Llc
Current Estimated Value
$361,456

Purchase Details

Closed on
Oct 19, 1999
Sold by
Duellman Timothy M and Duellman Laura A
Bought by
Rueth Richard D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,750
Interest Rate
7.72%
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
Marquette Place Llc -- --
Rueth Richard D $157,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rueth Richard D $141,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2022 01/21/22 Sold $260,000 0.0% $92 / Sq Ft
11/23/2021 11/23/21 Pending -- -- --
11/22/2021 11/22/21 For Sale $260,000 -- $92 / 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 $3,033 $253,800 $65,300 $188,500
2023 $5,908 $253,800 $65,300 $188,500
2022 $5,860 $253,800 $65,300 $188,500
2021 $6,338 $199,000 $54,000 $145,000
2020 $6,259 $199,000 $54,000 $145,000
2019 $6,138 $199,000 $54,000 $145,000
2018 $5,951 $199,000 $54,000 $145,000
2017 $5,871 $199,000 $54,000 $145,000
2016 $4,971 $199,000 $54,000 $145,000
2015 $5,001 $199,000 $54,000 $145,000
2014 $4,881 $199,000 $54,000 $145,000
2013 $5,972 $199,000 $54,000 $145,000
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2022

    Pamela Beck

    EXP Realty LLC-West Allis

  • B

    Buyer's Agent in 2022

    Brett Jump

    Realty Executives Integrity NorthShore

See All Agents

Map

Source: Metro MLS

MLS Number: 1772707

Metro MLS

APN: 776-0124-000

Wisconsin Milwaukee County South Milwaukee 53172 Historic Lakeview

503 Marquette Ave, South Milwaukee, WI

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