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Listed by Luis Castillo • reThought Real Estate
$ 320,000
Est. payment /mo
Active
813 S Shea Milwaukee, WI 53215
6,969 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1957312
Year Built 1918
Annual Tax Amount $4,394
Tax Year 2025
Lot Size 6,969 Sqft
Acres 0.16
Property Description
Solid 4-unit investment opportunity on Milwaukee's South Side! Fully rented with three units leased at $850 per month and one unit at $700, generating $3,250 in monthly gross income and $39,000 annually. This income-producing property offers spacious units with functional layouts, large living areas, hardwood floors in select rooms, painted interiors in select spaces, and a full basement with storage and laundry area. Detached 4-car garage structure adds additional value and future potential. While the property could benefit from cosmetic TLS and continued improvements, it offers as strong rental setup for investors seeking immediate income with upside through future updates and rent growth. Conveniently located near shopping, schools, parks, public transportation, and everyday amenities.
Location
State WI
County Milwaukee
Zoning RT4
Rooms
Basement Block, Full, Laundry Facilities
Interior
Heating Hot Water/Steam, Natural Gas
Cooling Hot Water/Steam, Natural Gas
Flooring No
Exterior
Exterior Feature Aluminum Siding, Wood
Parking Features Indoor Space, Near Public Transit
Building
Water Municipal Sewer, Municipal Water
Schools
Elementary Schools Alba
School District Milwaukee
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