$485,000
SOLD FEB 27, 2026

820 E Locust St Milwaukee, WI 53212

Riverwest Neighborhood
-- Bed
-- Bath
-- Sq Ft
7,405 Sq Ft Lot Lot

Sale Details

Date Sold: February 27, 2026

12% Below List Price

112 Days on Market

About This Home

As of February 2026

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.

Last Agent to Sell the Property

Joe Eldredge, CCIM

Inland Real Estate Partners, LLC Brokerage Phone: 414-276-9500 License #48337-90 Listed on: 10/01/2025

Last Buyer's Agent

Paula Zamorano

Realty of America LLC License #88958-94

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2025
Closed on
Feb 27, 2026
Sold by
Blue Light Properties Llc
Bought by
Melgue Company Llc
Seller's Agent
Joe Eldredge, CCIM
Inland Real Estate Partners, LLC
Buyer's Agent
Paula Zamorano
Realty of America LLC
List Price
$549,900
Sold Price
$485,000
Premium/Discount to List
-$64,900
-11.8%
Views
126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1208.99%
Original Mortgage
$363,750
Outstanding Balance
$363,750
Interest Rate
6.09%
Mortgage Type
Construction
Estimated Equity
$387,217

Purchase Details

Closed on
Jan 16, 2020
Sold by
Locust Bremen Llc
Bought by
Blue Light 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
$305,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 15, 2000
Sold by
Wilson David A
Bought by
Locust/Bremen Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $485,000 None Listed On Document
Special Warranty Deed $465,000 None Available
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $363,750 Construction
Previous Owner $305,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2026 02/27/26 Sold $485,000 -2.8% --
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

Agents Affiliated with this Home

  • Joe Eldredge, CCIM

    Seller's Agent in 2026

    Joe Eldredge, CCIM

    Inland Real Estate Partners, LLC

    (414) 982-6988

    1 in this area

    26 Total Sales

    Joe Eldredge, CCIM
    Section Image

  • P

    Buyer's Agent in 2026

    Paula Zamorano

    Realty of America LLC

    (414) 530-7657

    1 in this area

    60 Total Sales

    Paula Zamorano
    Section Image
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Map

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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Metro MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

IDX listing data provided by Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified.

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