TWO FULLY-OCCUPIED BRICK BUILDINGS on 2 tax keys (388200800+3882005100). Total of 63 Units in Downtown Milwaukee's Avenues West Neighborhood (Opportunity Zone #13500). Consists of 2 three-story buildings at the corner of 29th & Wisconsin. 60 of the units are one-bedroom, and 3 units are two-bedroom. This is a solid value-add opportunity because many rents are below market. Features 34 underground parking spaces that are under-utilized. Seller estimates 8.5 CAP today, but 10.5 CAP if owner keeps leasing new tenants at tested, successful higher market rent.
Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 12:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$18.9K
Per Month
Principal & Interest
$18.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$11.4K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
Westside Academy
1940 N 36th St
Distance between this listing and this school1.19 miles
Public District Grades PK-5
4
/10
Siefert Elementary School
1547 N 14th St
Distance between this listing and this school1.30 miles
Public District Grades PK-5
1
/10
Brown Street Academy
2029 N 20th St
Distance between this listing and this school1.40 miles
Public District Grades PK-5
Nearby Schools
4
/10
Woodlands School - State Street Campus
3121 W State St
Distance between this listing and this school0.32 miles
Public Charter Grades PK-8
3
/10
Milwaukee Academy of Chinese Language
2430 W Wisconsin Ave
Distance between this listing and this school0.34 miles
Public District Grades PK-8
2
/10
Story Elementary School
3815 W Kilbourn Ave
Distance between this listing and this school0.57 miles
Public District Grades PK-8
Nearby Schools
4
/10
Pathways High School
3022 W Wisconsin Ave
Distance between this listing and this school0.10 miles
Public Charter Grades 9-12
2
/10
Milwaukee High School of the Arts
2300 W Highland Ave
Distance between this listing and this school0.59 miles
Public District Grades 9-12
2
/10
Milwaukee Academy of Science
2000 W Kilbourn Ave
Distance between this listing and this school0.60 miles
The neighbors living near this home have an average income of $15,034. Residents of Milwaukee, WI typically earn less than $35k each year. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Interested in 2848 W Wisconsin Ave Unit 730N 29Th? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 2848 W Wisconsin Ave Unit 730N 29Th in Milwaukee, WI and zip code 53208 in the Concordia neighborhood. This 41,706 square foot home, which was built in 1962, sits on a 0.50 acre lot. It has been listed on Rocket Homes since August 14, 2024 and is currently priced at $3,790,000.
In November 2024 more than 203 listings in Milwaukee, WI were sold above the asking price. During the same period more than 64 listings were sold at asking price, while more than 167 were sold below. The inventory of homes for sale in Milwaukee, WI between October 2024 and November 2024 decreased by 0.1%. Listings spent 13 days on the market in November 2024, and had a median list price of $249,907 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Pro Boxing
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
H&M
Burlington
Foot Locker
Boston Market
White Castle
Little Caesars
Honda
Kia
Dodge
Rhythmic Contemporary Hits
Urban Adult Contemporary