813 S Shea Ave Milwaukee, WI 53215
Silver City NeighborhoodEstimated payment $2,052/month
About This Home
Solid 4-unit investment opportunity on Milwaukee's South Side! Fully rented with three units leased at $850 per month and one unit at $700, generating $3,250 in monthly gross income and $39,000 annually. This income-producing property offers spacious units with functional layouts, large living areas, hardwood floors in select rooms, painted interiors in select spaces, and a full basement with storage and laundry area. Detached 4-car garage structure adds additional value and future potential. While the property could benefit from cosmetic TLS and continued improvements, it offers as strong rental setup for investors seeking immediate income with upside through future updates and rent growth. Conveniently located near shopping, schools, parks, public transportation, and everyday amenities.
Property Details
Home Type
- Multi-Family
Lot Details
- 6,970 Sq Ft Lot
Home Design
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
- Laundry in Basement
Schools
- Alba Elementary School
Listing and Financial Details
- Exclusions: Seller and Tenant's personal items/ property
- The owner pays for sewer, water, heat
- Assessor Parcel Number 4350035000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/14/2026 04/14/26 | Price Changed | $320,000 | +8.5% | -- |
| 04/10/2026 04/10/26 | For Sale | $295,000 | -- | -- |
Source: Metro MLS
MLS Number: 1957312
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