Spacious Duplex with Updated
2972 South Wentworth Avenue Unit 2974 Milwaukee, WI 53207
2972 South Wentworth Avenue Unit 2974, Milwaukee, WI, 53207
$474,900
For Sale
$474,900
Upper unit features an updated kitchen and front balcony, while the lower unit highlights original woodwork and maple floors.
Property Size2,336 SF
Price / SF$203.30
Days on Market18
Property Features for 2972 South Wentworth Avenue Unit 2974
General Information
- Standard status
- Active
- Size
- 2,336 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1914
Listing agency
Resolute Real Estate LLC
(414) 412-9790
Listed by
Cheri Redner · License #58006-90
(414) 412-9790
Source
Compass
Added: Jul 5 Updated: Jul 21 at 5:38AM Checked: Jul 22 at 7:21AM
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 Resolute Real Estate LLC
Investment Insights
Based on property information with market context.
This spacious duplex offers two well-kept residences with a mix of updates and preserved character. The upper unit includes an updated cook’s kitchen with granite countertops, stainless steel appliances, rich cabinetry, and a welcoming front balcony. The lower unit showcases original woodwork, picture frame molding, and rail in the dining room, helping maintain its timeless feel. Both units feature architectural details, maple floors, and butler’s pantries, with the property described as in excellent condition throughout.
The foundation has been replaced, and extensive low-maintenance exterior upgrades are noted as completed. Additional work includes updated plumbing, electrical, drain tile, and a sump pump.
Set close to Lake Michigan, parks, and the shops, restaurants, and nightlife of downtown Bay View, the property presents an owner with straightforward live-in or rental options supported by significant system upgrades.
The foundation has been replaced, and extensive low-maintenance exterior upgrades are noted as completed. Additional work includes updated plumbing, electrical, drain tile, and a sump pump.
Set close to Lake Michigan, parks, and the shops, restaurants, and nightlife of downtown Bay View, the property presents an owner with straightforward live-in or rental options supported by significant system upgrades.
Key Highlights
- Duplex with 2 bedrooms and 1 full bath per unit (2 units total)
- Estimated total living area of 2,336 SF with 5 rooms per unit
- Full, block basement
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.0k | $15.00 |
| − Vacancy | −$1.5k | −$0.63 |
| EGI | $33.6k | $14.37 |
| − OpEx | −$10.1k | −$4.31 |
| NOI | $23.5k | $10.06 |
2,336 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$335.7K
$293.7K – $391.6K
NOI $23,498 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$310.8K
$272.0K – $362.6K
NOI $21,757 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$561.4K
$491.2K – $654.9K
NOI $39,295 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Upper unit features an updated kitchen and front balcony, while the lower unit highlights original woodwork and maple floors.
Where is this duplex located?
The property is located at 2972 South Wentworth Avenue Unit 2974 Milwaukee, WI.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Duplex with 2 bedrooms and 1 full bath per unit (2 units total); Estimated total living area of 2,336 SF with 5 rooms per unit; Full, block basement
