5501 W Morgan Ave, Milwaukee, WI 53220 Sold for $462,500 on 11/01/2022

5501 W Morgan Ave, Milwaukee 4 Units $462,500 Sold

  • Multi-Family
  • Status: Sold
  • Total Number of Units: 4
  • Unit Type 1 # of Units: 2
  • Unit Type 1 Avg Rent: $800
  • Unit Type 2 # of Units: 2
  • Unit Type 2 Avg Rent: $800
  • Inside Parking: 3
  • Outside Parking: 3
  • Est. Year Built: 1960
  • School District: Milwaukee
  • County: Milwaukee
  • Postal Municipality: Milwaukee
  • MLS#: 1811916
  • Listing Company: Shorewest - South Metro
  • Zip Code: 53220

5501 W Morgan Ave, Milwaukee, WI 53220 - Long time owner selling adjacent brick 4 unit buildings. All 2 bedroom/1 bath units, fully occupied with many 10 plus year long term tenants. Gross income for each building is $3000/month with very possible room for increase. Separate mechanicals for each unit (newer furnaces, central air units, water heaters, and electrical panels-2021). Full basement with laundry, storage lockers, sump pump, and egress window. Vinyl windows, dimensional roofs, 9 total outdoor parking spaces, 3 car detached garage (currently used for storage) plus patio areas. Rare opportunity to control 8 units in prime southside corridor. Call today!

Additional Features
  • Block, Full
  • Heating/Cooling: Forced Air, Natural Gas
  • Water Waste: Municipal Sewer, Municipal Water
  • Apartment Building
  • Waterfront/Access: N
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1811916 Sold ActiveWO Nov 1 2022 12:00AM $462,500 4
1811916 Sold ActiveWO Nov 1 2022 12:00AM $462,500 4
1811916 ActiveWO Active Sep 25 2022 6:02PM 4

Estimated Monthly Payment

$3,287 per month
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Justin W Ippoliti

Justin W Ippoliti

Listing Agent • 414.419.4797

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