729 S 21st St, Milwaukee WI 53204-4101 Sold for $73,500 on 06/09/2016

729 S 21st St, Milwaukee 8 Units $79,000 Sold

Profitable Investment Property

  • Multi-Family
  • Status: Sold
  • Total Number of Units: 8
  • Est. Year Built: 1896
  • School District: Milwaukee
  • County: Milwaukee
  • Postal Municipality: Milwaukee
  • MLS#: 1465321
  • Listing Company: Shorewest - Lake Country
  • Listing Agent: Topher Frankenberg

729 S 21st St Milwaukee WI 53204-4101 - A rare investment opportunity, this 8 bedroom, 3 bath Rooming House, each with a kitchen, holds a permit issued by the City of Milwaukee which requires one to own/operate a dwelling unit with more than three unrelated occupants. These permits, popular in the 1940's, are nearly impossible to obtain. Yearly revenue is $36,000 and expenses to operate, including taxes, utilities, and water/sewer, is $6,500; a Net income of $29,500 annually. A new 35 year roof was put on in October 2015, a new furnace was installed in 2013, and the electrical system was updated and brought up to code in 2012. Located close to downtown Milwaukee, the rooming house sits a block from Mitchel Park and a few minutes to the Harley Museum, Miller Park, and Walkers Point. Well maintained!

Additional Features
  • Full
  • Heating/Cooling: Forced Air, Natural Gas
  • Water Waste: Municipal Sewer, Municipal Water
  • Rooming House
  • Roof: Composition
  • Waterfront/Access: N
  • Lot Size: 40 x 150
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1465340 Expired ActiveWO Sep 15 2016 12:15AM 183
1465321 Sold ActiveWO Jun 10 2016 10:18AM $73,500 72
1465340 ActiveWO Active May 2 2016 1:25PM 183
1465340 Apr 18 2016 3:21PM $79,000 $85,000 183
1465321 Apr 18 2016 3:20PM $79,000 $85,000 72
526152 Sold Pending Jan 4 2001 2:45PM $36,500 44
526152 Pending ActiveWO Nov 16 2000 3:23PM 44
526152 ActiveWO Active Nov 9 2000 9:44AM 44
526152 Active Oct 5 2000 2:23PM $49,900 44

Estimated Monthly Payment

$3,287 per month
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Topher Frankenberg

Topher Frankenberg

Listing Agent • 262.443.4639

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Buyer understands that the information which is contained on Data pages is obtained from a number of different sources and which has not been independently verified or confirmed by the various real estate brokers and agents who have been and are involved in this transaction. If any particular measurement or data element is important or material to buyer, Buyer assumes all responsibility and liability to research, verify and confirm said data element and measurement. REALTOR *MLS* Equal Housing Opportunity

Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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