NOT LISTED FOR SALE

5509 W Morgan Ave Unit 5509 Milwaukee, WI 53220

Root Creek Neighborhood

Estimated Value: $444,000 - $508,000

2 Beds
1 Bath
-- Sq Ft
9,583 Sq Ft Lot

About This Home

Long time owner selling adjacent brick 4 unit buildings. All 2 bedroom/1 bath units, fully occupied with many 10+ year long term tenants. Gross income for each building is $3000/month with very possible room for increase. Separate mechanicals for each unit (newer furnaces, central air units, water heaters, and electrical panels-2021). Full basement with laundry, storage lockers, sump pump, and egress window. Vinyl windows, dimensional roofs, 9 total outdoor parking spaces, 3 car detached garage (currently used for storage) plus patio areas. Rare opportunity to control 8 units in prime southside corridor. Call today! ********

Justin Ippoliti

Shorewest Realtors - South Metro License #76115-94 Listed on: 09/22/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,949

Year Built

  • Built in 1960

Lot Details

  • 9,583 Sq Ft Lot

Basement

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

Listing and Financial Details

  • Assessor Parcel Number 5569981200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,949

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.22
  • Directions: 55th St west on Morgan Ave to 5509 West Morgan Avenue.
  • Year Built: 1960
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Has Basement: Full, Block

Lot Info

  • Parcel #: 5569981200
  • Zoning Description: RM1
  • Zoning: RM1

Tax Info

  • Tax Annual Amount: 6949
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2024
Sold by
Nawrocki Gregory and Nawrocki Gregory W
Bought by
Nawrocki Gregory W and Nawrocki Gregory
Total Days on Market
0
Current Estimated Value
$476,667

Purchase Details

Listed on
Sep 22, 2022
Closed on
Oct 31, 2022
Sold by
Walters Carol J and Walters Howard J
Bought by
Nawrocki Gregory
Buyer's Agent
Justin Ippoliti
Shorewest Realtors - South Metro
List Price
$450,000
Views
35

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.16%
Original Mortgage
$740,000
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 1996
Sold by
Mueller Herbert J and Wasilewski Edwin M
Bought by
Walters Allen E and Walters Carol J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,600
Interest Rate
7.97%
Mortgage Type
Commercial
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
Nawrocki Gregory W -- None Listed On Document
Nawrocki Gregory $925,000 --
Walters Allen E $169,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nawrocki Gregory W $340,000
Previous Owner Nawrocki Gregory $740,000
Previous Owner Walters Allen E $133,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2023 01/03/23 Off Market $450,000 -- --
09/22/2022 09/22/22 For Sale $450,000 -- --
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 $7,146 $302,400 $26,000 $276,400
2022 $7,238 $302,400 $26,000 $276,400
2021 $7,087 $267,100 $26,000 $241,100
2020 $7,017 $267,100 $26,000 $241,100
2019 $6,588 $239,000 $26,000 $213,000
2018 $6,183 $239,000 $26,000 $213,000
2017 $5,944 $218,000 $26,000 $192,000
2016 $6,371 $222,300 $26,000 $196,300
2015 $5,918 $202,100 $26,000 $176,100
2014 $6,499 $217,300 $26,000 $191,300
2013 -- $213,000 $26,000 $187,000
Source: Public Records

Agents Affiliated with this Home

  • Justin Ippoliti

    Buyer's Agent in 2022

    Justin Ippoliti

    Shorewest Realtors - South Metro

    (414) 419-4797

    3 in this area

    793 Total Sales

    Justin Ippoliti
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Map

Source: Metro MLS

MLS Number: 1811919

Metro MLS

APN: 556-9981-200-4

Wisconsin Milwaukee County Milwaukee 53219 Root Creek

5509 W Morgan Ave Unit 5509, Milwaukee, WI

This home is located at 5509 W Morgan Ave Unit 5509, Milwaukee, WI 53220 since 22 September 2022 and is currently estimated at $476,667. This property was built in 1960. 5509 W Morgan Ave Unit 5509 is a home located in Milwaukee County with nearby schools including Milwaukee Spanish Immersion School - Upper Campus, Milwaukee German Immersion School, and Craig Montessori School.

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