$499,000
PENDING $51K PRICE DROP

820 E Locust St Milwaukee, WI 53212

Riverwest Neighborhood

Estimated payment $3,070/month

Total Views 16,093
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

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

Joe Eldredge, CCIM

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

Property Details

Home Type

Multi-Family

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.17
  • Attribution Contact: 414-276-9500
  • Special Features: None

Interior Features

  • Owner Pays: None
  • Has Basement: Full
  • Basement YN: Yes

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: Outdoor Space

Utilities

  • Sewer: Municipal Sewer

Schools

  • Junior High Dist: Milwaukee

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: 3140240000

Rental Info

  • Tenant Pays: Other

Multi Family

  • Property Net Operating Income: 30429
  • Annual Operating Expense: 37860

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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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

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2026 01/21/26 Pending -- -- --
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 -- --
Source: Metro MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $465,000 None Available
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $305,000 Commercial
Source: Public Records

Source: Metro MLS

MLS Number: 1931073

Metro MLS

APN: 314-0240-000-8

Wisconsin Milwaukee County Milwaukee 53212 Riverwest

820 E Locust St, Milwaukee, WI

Pending

MultiFamily

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Joe Eldredge, CCIM
Listing Agent
Joe Eldredge, CCIM
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Inland Real Estate Partners, LLC
(414) 262-6351
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