NOT LISTED FOR SALE
-- Bed
-- Bath
6,536 Sq Ft
7,841 Sq Ft Lot

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

7,841 Sq Ft Lot

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

  • Junior High Dist: Milwaukee

Lot Info

  • Zoning: LB2 / Apartment
  • Acreage Range: 0.0 to .499

Tax Info

  • Tax Year: 2022
  • Total Taxes: 6946.56
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $10,439 $445,500 $12,800 $432,700
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

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Map

Source: Metro MLS

MLS Number: 1832342

Metro MLS
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