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Duplex with Private Garages

2422-2420 N 60th St, Milwaukee, WI 53219

For Sale
$359,999

Separate driveways and entrances provide each residence with its own access.

Property Size2,514 SF
Price / SF$143.20
Days on Market15

Property Features for 2422-2420 N 60th St

General Information

Standard status Active
Size 2,514 SF
Property subtype Residential Income

Site & Location

Neighborhood Uptown

Taxes and HOA fees

Annual Taxes $4,746

Amenities

private entrance
basement
walk-up attic
natural woodwork
hardwood floors
artificial fireplace
dining rooms with built-in buffets
fenced back yard
private front and back doors
high tech hot water system
office room

Building Details

Tenancy Multi
Listing Agency: Realty Dynamics
Listed By: Robert Maldonado · License WI #44750
Source: Exprealty
Added: Oct 26 Changed: Nov 7 Last Checked: Nov 8 at 6:17AM

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 Dynamics

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 2,514-square-foot duplex includes private basements and walk-up attics, adding storage and usable space. Interior features include hardwood flooring, natural wood details, dining rooms with built-in buffets, and living areas with artificial fireplaces. The upper unit has three bedrooms and a full bathroom. Each residence has a driveway, garage, and separate front and rear entrances, and the property also includes a fenced backyard.

Mechanical and recent improvement details include tankless hot water systems serving water and heating, a replaced garage door and opener, new gutters, and glass block basement windows. One basement contains an office room.

Key Highlights

  • 2,514 square feet
  • Separate driveway, garage, basement, and walk‑up attic for each residence
  • Upper unit has three bedrooms and one full bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$25,209
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,180 $504.2K
Cap Rate 7%
$360,129 $360.1K
Cap Rate 9%
$280,100 $280.1K
Market Conditions
NOI Build-Up for 2,514 SF
Gross rent
$37.7K $15.00/SF
− Vacancy
−$1.7K −$0.68/SF
EGI
$36.0K $14.33/SF
− OpEx
−$10.8K −$4.30/SF
NOI
$25.2K $10.03/SF
Area
ZIP 53219
Vacancy
4.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,180
Cap Rate 7%
$360,129
Cap Rate 9%
$280,100

Alternative Uses

Best Use
Multifamily LT 5
$360.1K
$315.1K – $420.2K (±1% cap)
NOI $25,209 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$322.5K
$282.2K – $376.2K (±1% cap)
NOI $22,572 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$604.1K
$528.6K – $704.8K (±1% cap)
NOI $42,290 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

840
Businesses Nearby

Demographics for 53219, WI

34,925
Population
15,661
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
90%
High-School Grad
5.0 sq mi
ZIP Area
6,985
Density / Sq Mi
$70,998
Median Household Income
$43,223
Median Earnings
$971
Median Rent
$190,300
Median Home Value

Market

Average Price Trend$/SF for Duplexes in Milwaukee, WI

$114 Jul
$106 Aug
$114 Sep
$110 Oct

Properties on Market for Duplexes in Milwaukee

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Separate driveways and entrances provide each residence with its own access.
Where is this duplex located?
The property is located at 2422-2420 N 60th St Milwaukee, WI.
What is the asking price?
The asking price for this property is $359,999.
What are key features of this property?
This property features: 2,514 square feet; Separate driveway, garage, basement, and walk‑up attic for each residence; Upper unit has three bedrooms and one full bathroom
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