$1,085,000
SOLD JUL 11, 2025
-- Bed
-- Bath
-- Sq Ft
2,178 Sq Ft Lot

Recently Sold

8% Below List Price

39 Days on Market

About This Home

As of July 2025

Prime Milwaukee downtown multi family investment Opportunity for a 17 bedroom licensed rooming house. Blocks from the lake and downtown. This centrally located multifamily property features four spacious units/floors totaling 17 bedrooms and 7 bathrooms. The building is currently rented by the floor to tenants, but holds a rooming house license, allowing for flexibility to maximize income by leasing individual rooms. Each floor features dedicated central air and a common laundry facility is in the basement with dedicated sets of washer and dryer for each floor. Tenants pay utilities and renters insurance. Rooming house market rent is ~$600-700/bed. This is a rare opportunity to acquire a versatile, income-producing asset in a high-demand location with room to grow revenue!

Last Agent to Sell the Property

Anna Cihla

SNSHN Realty LLC License #59656-90 Listed on: 05/09/2025

Last Buyer's Agent

Hany Kadadha

Epique Realty License #97092-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,221

Home Design

  • Brick Exterior Construction

Additional Features

  • Basement Fills Entire Space Under The House
  • 2,178 Sq Ft Lot

Community Details

  • Operating Expense $38,517
  • Net Operating Income $68,581

Listing and Financial Details

  • Exclusions: Seller and tenant personal property
  • Tenant pays for sewer, water, electricity, heat, gas
  • The owner pays for sewer, water, electric/public
  • Assessor Parcel Number 3921569000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,221

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.05
  • Inclusions: 4 refrigerators, 4 stove/ovens, 4 washer/dryers
  • Directions: N Milwaukee St, east on E Wells St, north on Van Buren St
  • Special Features: None

Interior Features

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

Exterior Features

  • Exclusions: Seller and tenant personal property
  • Construction Type: Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: None

Utilities

  • Sewer: Municipal Sewer

Schools

  • Junior High Dist: Milwaukee

Lot Info

  • Lot Size Sq Ft: 2178
  • Parcel #: 3921569000

Rental Info

  • Tenant Pays: Sewer, Water, Electricity, Heat, Gas

Multi Family

  • Property Net Operating Income: 68581
  • Annual Operating Expense: 38517

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2025
Closed on
Jul 11, 2025
Sold by
Sugar Pine Investments 3 Llc
Bought by
Sapphire 802 Llc
Seller's Agent
Anna Cihla
SNSHN Realty LLC
Buyer's Agent
Hany Kadadha
Epique Realty
List Price
$1,175,000
Sold Price
$1,085,000
Premium/Discount to List
-$90,000
-7.66%
Views
74

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-99.87%
Original Mortgage
$785,000
Outstanding Balance
$785,000
Interest Rate
6.89%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$226,861

Purchase Details

Closed on
Dec 22, 2022
Sold by
Laurel Canyon Properties Llc
Bought by
Sugar Pine Investments 3 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$873,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2006
Sold by
Win 3 Llc
Bought by
Laurel Canyon Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,200
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 16, 2003
Sold by
802 Llc
Bought by
Win 3 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 2000
Sold by
Lorenz Christine A and Ferris Edward H
Bought by
802 Llc

Purchase Details

Closed on
Nov 3, 1999
Sold by
The Estate Of Anthony L & Jana M Den Dek
Bought by
Ferris Edward H and Lorenz Christine A

Purchase Details

Closed on
Sep 10, 1998
Sold by
Kainz Alexander P and Wheatley Nicole L
Bought by
Ferris Edward H and Lorenz Christine A

Purchase Details

Closed on
Feb 27, 1997
Sold by
Vogtman Michael D and Vogtman Randall
Bought by
Ferris Edward H and Lorenz Christine A
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $1,085,000 None Listed On Document
Special Warranty Deed $826,200 --
Warranty Deed $479,000 None Available
Warranty Deed $425,000 --
Warranty Deed -- --
Warranty Deed $6,500 --
Warranty Deed $5,000 --
Warranty Deed $26,200 --
Warranty Deed $26,200 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $785,000 Credit Line Revolving
Previous Owner $873,000 New Conventional
Previous Owner $319,449 Stand Alone Refi Refinance Of Original Loan
Previous Owner $143,369 Unknown
Previous Owner $344,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $383,200 Commercial
Previous Owner $340,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Sold $1,085,000 -7.7% --
05/09/2025 05/09/25 For Sale $1,175,000 -- --
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
2024 $14,221 $616,400 $115,500 $500,900
2023 $13,871 $587,000 $115,500 $471,500
2022 $14,141 $587,000 $115,500 $471,500
2021 $13,596 $516,200 $115,500 $400,700
2020 $13,535 $516,200 $115,500 $400,700
2019 $14,298 $510,000 $115,500 $394,500
2018 $14,024 $510,000 $115,500 $394,500
2017 $14,742 $509,000 $115,500 $393,500
2016 $15,094 $498,000 $115,500 $382,500
2015 $15,434 $496,000 $57,800 $438,200
2014 $15,613 $493,000 $57,800 $435,200
2013 -- $496,000 $57,800 $438,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro MLS

MLS Number: 1917218

Metro MLS

APN: 392-1569-000-1