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Duplex Requiring Renovation
For Sale
$40,000

2551 N 40th St, Milwaukee, WI 53210

Two-unit residential property offered in as-is condition with a documented scope of work.

Property Size2,330 SF
Price / SF$17.17
Days on Market22

Property Features for 2551 N 40th St

General Information

Standard status Active
Size 2,330 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Building Details

Year Built 1914
Buildings 1
Listing Agency: Realty Among Friends, LLC
Listed By: Arthur Mays · License #51424-90
Source: Nikolicgroup
Added: Aug 10 Changed: Aug 28 Last Checked: Aug 30 at 8:47PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Among Friends, LLC

Investment Insights

Based on property information with market context.

This duplex contains 2,330 square feet and dates to 1914. The layout is identified as two two-bedroom units, providing a straightforward residential income configuration. The property is being offered in as-is condition and will require work before occupancy or continued use.

The sale is identified as a city tax foreclosure. Owner-occupant offers receive priority during the first 30 days of the listing period. Room and lot dimensions are estimated and should be independently verified. Buyers should use caution when entering the property.

Key Highlights

  • 2,330‑square‑foot duplex with two 2BR units
  • Built in 1914
  • City tax foreclosure sale

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Electrical Service Accounting Firm (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

766
Businesses Nearby

Demographics for 53210, WI

25,588
Population
11,005
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
2.6 sq mi
ZIP Area
9,842
Density / Sq Mi
$45,268
Median Household Income
$35,797
Median Earnings
$1,044
Median Rent
$153,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property offered in as-is condition with a documented scope of work.
Where is this duplex located?
The property is located at 2551 N 40th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $40,000.
What are key features of this property?
This property features: 2,330‑square‑foot duplex with two 2BR units; Built in 1914; City tax foreclosure sale
More about this property
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