$485,000
SOLD APR 28, 2025

7230 W Lakefield Dr Milwaukee, WI 53219

River Bend Neighborhood
-- Bed
-- Bath
3,202 Sq Ft
0.3 Acres

Recently Sold

$151 Per Sq Ft

8% Below List Price

2 Days on Market

About This Home

As of April 2025

Here's your chance to own a meticulously maintained 4-unit apartment building in a quiet Milwaukee neighborhood! Built in 1957, this property features spacious 2-bedroom, 1-bath units with tenant-friendly amenities including eat-in kitchens, individual furnaces and water heaters, central air, and basement storage lockers. Each unit has separate utilities, making management simple. Tenants also enjoy off-street parking (5 spaces) and the convenience of resident-owned washers and dryers. The building boasts a newer 3-year-old roof. With strong rental history and solid upside potential. Currently generating $4,367/month in rent, this is an ideal opportunity to grow your portfolio!

Last Agent to Sell the Property

Kollin Ruiz

BOLD REALTY License #110616-94 Listed on: 04/03/2025

Last Buyer's Agent

Hany Kadadha

Epique Realty License #97092-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,226

Lot Details

  • 0.3 Acre Lot

Home Design

  • 3,202 Sq Ft Home
  • Brick Exterior Construction

Basement

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

Community Details

  • Operating Expense $18,962
  • Net Operating Income $30,822

Listing and Financial Details

  • Exclusions: Seller and tenants' personal property
  • Tenant pays for electricity, gas
  • The owner pays for sewer, water, electric/public
  • Assessor Parcel Number 5281010000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,226

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.3
  • Inclusions: 2 electric ovens/ranges, 2 refrigerators, 1 washer, 1 dryer, 2 garbage disposals
  • Special Features: None

Interior Features

  • Owner Pays: Sewer, Water, Electric/Public
  • Has Basement: Laundry Facilities, Block, Full
  • Basement YN: Yes

Exterior Features

  • Exclusions: Seller and tenants' personal property
  • Construction Type: Aluminum Trim, Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: Near Public Transit, Outdoor Space

Utilities

  • Sewer: Municipal Sewer

Schools

  • Junior High Dist: Milwaukee

Lot Info

  • Lot Size Sq Ft: 13068
  • Parcel #: 5281010000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Property Net Operating Income: 30822.27
  • Annual Operating Expense: 18961.53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2025
Closed on
Apr 28, 2025
Sold by
Lee Marvin
Bought by
7230 W Lakefield Inc
Seller's Agent
Kollin Ruiz
BOLD REALTY
Buyer's Agent
Hany Kadadha
Epique Realty
List Price
$525,000
Sold Price
$485,000
Premium/Discount to List
-$40,000
-7.62%
Views
45

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.82%

Purchase Details

Closed on
Jun 30, 2016
Sold by
Sell Michael A and Sell Melba
Bought by
Lee Marvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,728
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2008
Sold by
J & O Advantage Llc
Bought by
Sell Michael A and Sell Melba

Purchase Details

Closed on
Apr 17, 2008
Sold by
Haas Larry W
Bought by
J & O Advantage Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,041
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 17, 2002
Sold by
Sotiropoulos Dimitrios and Sotiropoulos Panagiota
Bought by
Haas Larry W and Haas Constance L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
6.39%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $485,000 Frontier Title
Warranty Deed $266,000 Knight Barry Title Inc
Warranty Deed $264,500 Knight Barry Title Inc
Sheriffs Deed $224,600 None Available
Warranty Deed $255,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $259,728 Commercial
Previous Owner $202,041 Unknown
Previous Owner $200,000 Credit Line Revolving
Previous Owner $191,250 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2025 04/28/25 Sold $485,000 -7.6% $151 / Sq Ft
04/06/2025 04/06/25 Pending -- -- --
04/03/2025 04/03/25 For Sale $525,000 -- $164 / 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 $7,226 $305,800 $27,800 $278,000
2022 $7,365 $305,800 $27,800 $278,000
2021 $7,638 $289,400 $27,800 $261,600
2020 $7,600 $289,400 $27,800 $261,600
2019 $7,412 $260,000 $28,000 $232,000
2018 $6,726 $260,000 $28,000 $232,000
2017 $6,927 $254,000 $28,000 $226,000
2016 $6,644 $231,800 $28,000 $203,800
2015 $6,790 $231,800 $28,000 $203,800
2014 $6,798 $227,300 $28,000 $199,300
2013 -- $218,600 $28,000 $190,600
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2025

    Kollin Ruiz

    BOLD REALTY

    (608) 247-1177

    1 in this area

    7 Total Sales

    Kollin Ruiz
    Section Image

  • H

    Buyer's Agent in 2025

    Hany Kadadha

    Epique Realty

    (414) 231-0019

    1 in this area

    13 Total Sales

    Hany Kadadha
    Section Image
See All Agents

Map

Source: Metro MLS

MLS Number: 1912058

Metro MLS

APN: 528-1010-000-1

Wisconsin Milwaukee County Milwaukee 53219 River Bend

7230 W Lakefield Dr, Milwaukee, WI

This home is located at 7230 W Lakefield Dr, Milwaukee, WI 53219 and is currently priced at $485,000, approximately $151 per square foot. 7230 W Lakefield Dr 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Metro MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

IDX listing data provided by Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified.

Copyright 2025 – Multiple Listing Service, Inc. – All Rights Reserved.

Nearby Homes