NOT LISTED FOR SALE

815 Madison Ave South Milwaukee, WI 53172

Historic Lakeview Neighborhood

Estimated Value: $259,000 - $315,000

-- Bed
-- Bath
1,939 Sq Ft
$145/Sq Ft Est. Value

Last Sold April 19, 2024

Last sale price $234,100 $121 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $1,651/month

10 Days on Market

About This Home

As of April 2024

This 2/1 duplex offers an opportunity for both seasoned investors and house-hackers. Each unit boasts 2 bedrooms and 1 bathroom, flooded with natural light. Features a spacious backyard and enclosed front porch. While currently rented, both units have room for modern updates, unlocking their full potential to achieve market-rate rents. Whether you envision owner-occupied living with rental income or a hands-off investment, this duplex offers flexibility and a chance to tap into an income generating property.

Last Agent to Sell the Property

Houseworks Collective Team*

Keller Williams Realty-Milwaukee North Shore Listed on: 02/22/2024

Last Buyer's Agent

Theresa Borkowski

EXP Realty, LLC~MKE License #86765-94

EXP Realty, LLC~MKE

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,939

Lot Details

  • 6,970 Sq Ft Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,939 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

  • South Milwaukee Middle School
  • South Milwaukee High School

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Seller and Tenant's Personal Property
  • Tenant pays for electricity, heat
  • The owner pays for water
  • Assessor Parcel Number 7710138000

Property Details

Property Type

Other

Est. Annual Taxes

$3,939

Lot Details

0

Listing Details

  • Property Sub Type: Two Family
  • Prop. Type: Two-Family
  • Lot Size Acres: 0.16
  • Inclusions: 2 fridges, 2 ranges, Unknown dishwasher, 2 washing machine, 2 dryers
  • Property Information:Est Total Sq Ft: 1939
  • Special Features: None

Interior Features

  • Owner Pays: Water
  • Has Basement: Full

Exterior Features

  • Exclusions: Seller and Tenant's Personal Property
  • Construction Type: Steel Siding, Aluminum Siding, Vinyl

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Space
  • Garage Type: None

Utilities

  • Sewer: Municipal Sewer

Schools

  • Junior High Dist: South Milwaukee
  • High School: South Milwaukee
  • Middle Or Junior School: South Milwaukee

Lot Info

  • Lot Size Sq Ft: 6969.6
  • Parcel #: 7710138000

Rental Info

  • Tenant Pays: Electricity, Heat

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3939.24
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2017
Sold by
Bohler Justin and Bohler Amy
Bought by
705 Chicago Ave Llc
Current Estimated Value
$280,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,250
Outstanding Balance
$280,490
Interest Rate
3.86%
Mortgage Type
Commercial
Estimated Equity
-$56

Purchase Details

Closed on
Oct 23, 2015
Sold by
Conrad Scott E
Bought by
Bohler Justin and Bohler Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,875
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2009
Sold by
Baumgartner Lorraine E and Baumgartner Richard T
Bought by
Conrad Scott E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,261
Interest Rate
4.92%
Mortgage Type
FHA
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
705 Chicago Ave Llc -- None Available
Bohler Justin $98,500 Attorney
Conrad Scott E $96,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 705 Chicago Ave Llc $336,250
Previous Owner Bohler Justin $73,875
Previous Owner Conrad Scott E $94,261
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2024 04/19/24 Sold $234,100 -2.4% $121 / Sq Ft
02/22/2024 02/22/24 For Sale $239,900 -- $124 / 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
2024 $2,113 $201,400 $64,800 $136,600
2023 $4,156 $201,400 $64,800 $136,600
2022 $4,174 $201,400 $64,800 $136,600
2021 $4,009 $132,000 $49,000 $83,000
2020 $3,780 $132,000 $49,000 $83,000
2019 $3,728 $132,000 $49,000 $83,000
2018 $3,602 $132,000 $49,000 $83,000
2017 $3,544 $132,000 $49,000 $83,000
2016 $3,272 $132,000 $49,000 $83,000
2015 $3,290 $132,000 $49,000 $83,000
2014 $3,211 $132,000 $49,000 $83,000
2013 $3,510 $132,000 $49,000 $83,000
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2024

    Houseworks Collective Team*

    Keller Williams Realty-Milwaukee North Shore

    (262) 224-2084

    1 in this area

    421 Total Sales

    Houseworks Collective Team*
    Section Image
  • Theresa Borkowski

    Buyer's Agent in 2024

    Theresa Borkowski

    EXP Realty, LLC~MKE

    (414) 559-7040

    1 in this area

    116 Total Sales

    Theresa Borkowski
    Section Image
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Map

Source: Metro MLS

MLS Number: 1864497

Metro MLS

APN: 771-0138-000

Wisconsin Milwaukee County South Milwaukee 53172 Historic Lakeview

815 Madison Ave, South Milwaukee, WI

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