NOT LISTED FOR SALE

5823 W Appleton Ave Milwaukee, WI 53210

Saint Joseph Neighborhood

Estimated Value: $459,000 - $497,675

1 Bed
1 Bath
6,536 Sq Ft
$73/Sq Ft Est. Value

Highlights

  • Enclosed Parking
  • Golda Meir School Rated A-
  • Forced Air Heating System

About This Home

Solid investment in the Saint Joseph neighborhood of Milwaukee. Currently 100% occupied with historically low vacancy. Owner pays common gas & electric, water & sewer. Tenants pay for heat, gas and electric. Converted from one central boiler to new individual furnaces in 2015 along with the new ductwork to with it. Low maintenance brick exterior with approximately 12 year old flat rubber roof. Leased coin-op laundry for additional income and storage in the basement. Invest in this property, raise the rents and enjoy your cash flow! Conservative projected rents of $815 for 2 Bedrooms, $725 for 1 Bedrooms. Possible alternative uses are adult care building or government programs for guaranteed income. Buyer to cooperate with Sellers 1031 exchange.

Last Agent to Sell the Property

Bryan Caprioli

CAP Investment Realty, LLC License #56671-90 Listed on: 04/26/2023

Last Buyer's Agent

Hoffmann Team*

RE/MAX Realty Pros~Milwaukee License #54807-94

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,947

Year Built

  • Built in 1929

Lot Details

  • 7,841 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 6,536 Sq Ft Home
  • Multi-Level Property
  • Basement Fills Entire Space Under The House

Parking

  • Enclosed Parking
  • Outside Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 8 Units

Listing and Financial Details

  • Exclusions: Owners and tenants personal property

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,947

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: 8 refrigerators, 8 stoves, 1 water heater
  • Directions: From West: Appleton Ave east to 59th St, south on 59th and park OR take Center St to 59th and go north to parkFrom East: Lisbon to Appleton Ave, Appleton to Center, 1 block to 59th, north to park
  • New Construction: No
  • Year Built: 1929
  • Cleared Acreage: Less than 1/2
  • Full Street Address: 5823 W Appleton AVENUE
  • Type 5 Heat Fuel: Natural Gas
  • Lot Acreage: 0.18
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Seller Leased: Dryer, Seller Leased: Washer, Seller Owned: Water Heater
  • Has Basement: Full
  • Second Floor Total Sq Ft: 6536.00

Exterior Features

  • Exclusions: Owners and tenants 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: LB2 / Apartment
  • Acreage Range: 0.0 to .499

Tax Info

  • Tax Year: 2022
  • Total Taxes: 6946.56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2023
Closed on
Aug 25, 2023
Sold by
Dyno Homes Llc
Bought by
Bdd Mke Llc
Seller's Agent
Bryan Caprioli
CAP Investment Realty, LLC
Buyer's Agent
Hoffmann Team*
RE/MAX Realty Pros~Milwaukee
List Price
$565,000
Sold Price
$490,000
Premium/Discount to List
-$75,000
-13.27%
Total Days on Market
75
Views
142
Current Estimated Value
$478,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,662
Avg. Annual Appreciation
-1.34%
Original Mortgage
$288,000
Outstanding Balance
$207,095
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$271,243

Purchase Details

Closed on
Dec 28, 2012
Sold by
Securant Bank & Trust
Bought by
Dyno Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,675
Interest Rate
3.31%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 7, 2011
Sold by
Diamond Gardens Llc
Bought by
Securant Bank & Trust

Purchase Details

Closed on
Dec 20, 2004
Sold by
Concord Properties Llc
Bought by
Diamond Gardens Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,250
Interest Rate
5.82%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 2001
Sold by
Stark Kathleen
Bought by
Concord Properties Llc

Purchase Details

Closed on
Apr 6, 1999
Sold by
Mcm Enterprises
Bought by
Stark Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,800
Interest Rate
7.05%
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
Bdd Mke Llc $490,000 None Listed On Document
Dyno Homes Llc $151,000 None Available
Securant Bank & Trust $190,000 None Available
Diamond Gardens Llc $285,000 --
Concord Properties Llc -- --
Stark Kathleen $146,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bdd Mke Llc $288,000
Previous Owner Dyno Homes Llc $155,000
Previous Owner Dyno Homes Llc $108,675
Previous Owner Dempsey Acquisition Inc $780,000
Previous Owner Diamond Gardens Llc $264,000
Previous Owner Diamond Gardens Llc $242,250
Previous Owner Stark Kathleen $116,800
Closed Stark Kathleen $14,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2023 08/27/23 Off Market $535,000 -- --
05/17/2023 05/17/23 Price Changed $535,000 -5.3% $82 / Sq Ft
04/28/2023 04/28/23 For Sale $565,000 -- $86 / 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 $6,966 $294,800 $12,800 $282,000
2022 $7,591 $294,800 $12,800 $282,000
2021 $6,241 $232,300 $12,000 $220,300
2020 $6,278 $232,300 $12,000 $220,300
2019 $6,146 $222,000 $12,000 $210,000
2018 $5,845 $222,000 $12,000 $210,000
2017 $6,185 $222,000 $12,000 $210,000
2016 $6,047 $211,000 $12,000 $199,000
2015 $6,179 $211,000 $12,000 $199,000
2014 $6,320 $211,000 $12,000 $199,000
2013 -- $211,000 $12,000 $199,000
Source: Public Records

Agents Affiliated with this Home

  • Bryan Caprioli

    Seller's Agent in 2023

    Bryan Caprioli

    CAP Investment Realty, LLC

    (262) 364-1754

    1 in this area

    6 Total Sales

    Bryan Caprioli
    Section Image

  • H

    Buyer's Agent in 2023

    Hoffmann Team*

    RE/MAX

See All Agents

Map

Source: Metro MLS

MLS Number: 1832342

Metro MLS

APN: 306-0627-000-X

Wisconsin Milwaukee County Milwaukee 53210 Saint Joseph

5823 W Appleton Ave, Milwaukee, WI

This home is located at 5823 W Appleton Ave, Milwaukee, WI 53210 since 26 April 2023 and is currently estimated at $478,338, approximately $73 per square foot. This property was built in 1929. 5823 W Appleton Ave is a home located in Milwaukee County with nearby schools including Milwaukee German Immersion School, Craig Montessori School, and La Escuela Fratney.

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