5523 W Burnham St West Allis, WI 53219
East Allis NeighborhoodEstimated payment $3,023/month
About This Home
Excellent opportunity to acquire a mixed-use commercial property in prime West Allis. Please refer to the attached Offering Memorandum for financials and additional property information. The building features a long-established laundromat on the main level along with two residential units: Unit 1: 3BR/1.5BA currently vacant, great for owner-occupancy, tenant or airbnb. Unit 2: 2BR/1BA, operated as a short-term rental/Airbnb. Rear parking for 2 cars plus a 2-car garage. Perfect for investors or owner-operators seeking steady income and future upside.
Property Details
Property Type
- Other
Est. Annual Taxes
- $4,799
Parking
- 2 Parking Spaces
Home Design
- Composition Roof
- Stucco Exterior
Interior Spaces
- 2,592 Sq Ft Home
- Stone Flooring
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Additional Features
- 4,356 Sq Ft Lot
- Central Air
Community Details
- Operating Expense $16,711
- Gross Income $62,200
- Net Operating Income $45,489
Listing and Financial Details
- Exclusions: Sellers personal property and Google Wifi Extender system.
- Assessor Parcel Number 4740048002
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,799 | $235,000 | $31,100 | $203,900 |
| 2023 | $3,736 | $131,500 | $22,200 | $109,300 |
| 2022 | $3,727 | $131,500 | $22,200 | $109,300 |
| 2021 | $3,624 | $131,500 | $22,200 | $109,300 |
| 2020 | $3,642 | $131,500 | $22,200 | $109,300 |
| 2019 | $3,575 | $131,500 | $22,200 | $109,300 |
| 2018 | $3,550 | $131,600 | $14,300 | $117,300 |
| 2017 | $3,677 | $131,600 | $14,300 | $117,300 |
| 2016 | $3,530 | $131,600 | $14,300 | $117,300 |
| 2015 | $3,513 | $131,600 | $14,300 | $117,300 |
| 2014 | $3,541 | $131,600 | $14,300 | $117,300 |
| 2013 | -- | $131,600 | $14,300 | $117,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/01/2025 11/01/25 | For Sale | $499,000 | -- | $193 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $129,500 | None Available | |
| Warranty Deed | $125,000 | None Available | |
| Warranty Deed | $100,000 | 1St Service Title |
Source: Metro MLS
MLS Number: 1941536
APN: 474-0048-002
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