820 E Locust St Milwaukee, WI 53212
Riverwest NeighborhoodEstimated payment $3,824/month
About This Home
Excellent mixed-use investment opportunity in Riverwest featuring 8 total units: 5 commercial spaces on the first floor and 3 residential units above. 2 residential units already renovated with the opportunity to add 1-2 units in the unfinished 3rd floor. Located just 1 mile from I-43 access at W Locust Street, this property offers outstanding visibility and accessibility. Premier Milwaukee location with close proximity to downtown amenities, public transportation, and major thoroughfares. Strong potential for rental income growth and property enhancement. Ideal for investors seeking value-add opportunities in a high-demand area.
Listing Agent
Inland Real Estate Partners, LLC Brokerage Phone: 414-276-9500 License #48337-90 Listed on: 10/01/2025
Property Details
Home Type
- Multi-Family
Home Design
- Brick Exterior Construction
Additional Features
- Basement Fills Entire Space Under The House
- 7,405 Sq Ft Lot
Community Details
- Operating Expense $37,860
- Net Operating Income $30,429
Listing and Financial Details
- Assessor Parcel Number 3140240000
Map
Home Values in the Area
Average Home Value in this Area
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 | $14,600 | $629,400 | $21,600 | $607,800 |
| 2023 | $14,407 | $609,700 | $21,600 | $588,100 |
| 2022 | $14,556 | $609,700 | $21,600 | $588,100 |
| 2021 | $14,917 | $570,400 | $21,600 | $548,800 |
| 2020 | $15,055 | $570,400 | $21,600 | $548,800 |
| 2019 | $15,337 | $472,000 | $21,600 | $450,400 |
| 2018 | $17,384 | $472,000 | $21,600 | $450,400 |
| 2017 | $17,016 | $472,000 | $21,600 | $450,400 |
| 2016 | $15,318 | $375,000 | $21,600 | $353,400 |
| 2015 | -- | $362,000 | $21,600 | $340,400 |
| 2014 | -- | $362,000 | $21,600 | $340,400 |
| 2013 | -- | $351,000 | $21,600 | $329,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/03/2025 12/03/25 | Price Changed | $499,000 | -9.3% | -- |
| 10/01/2025 10/01/25 | For Sale | $549,900 | 0.0% | -- |
| 08/28/2025 08/28/25 | Pending | -- | -- | -- |
| 08/14/2025 08/14/25 | For Sale | $549,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $465,000 | None Available | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $305,000 | Commercial |
Source: Metro MLS
MLS Number: 1931073
APN: 314-0240-000-8
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