Duplex Renovation
For Sale
Contact for pricing
3249 N 13th St, Milwaukee, WI 53206
Two-unit residential property requiring renovation and offered in as-is condition.
Property Size2,160 SF
Price / SF$3.47
Days on Market62
Property Features for 3249 N 13th St
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
renovation opportunity
Additional Details
Multifamily Units
2
Building Details
Year Built
1916
Listing Agency:
Whitten Realty
Listed By:
Phillip Chojnacki · License #5415590
(414) 481-9044
Source:
Levelupwi
Added: Aug 17
Changed: Oct 15
Last Checked: Oct 7 at 12:58PM
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 Whitten Realty
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Investment Insights
Based on property information with market context.
This 2,160-square-foot duplex was built in 1916 and is configured as a 2/2 property. The building requires renovation and is being conveyed in its current as-is condition.
The property is a City of Milwaukee tax foreclosure. A buyer must complete the essential repairs within 180 days and obtain city confirmation of completion before the performance deposit can be returned. Offers require pre-approval or proof of funds covering the purchase and required repairs.
The property is a City of Milwaukee tax foreclosure. A buyer must complete the essential repairs within 180 days and obtain city confirmation of completion before the performance deposit can be returned. Offers require pre-approval or proof of funds covering the purchase and required repairs.
Key Highlights
- 2,160‑square‑foot duplex with a 2/2 configuration
- Built in 1916
- City of Milwaukee tax foreclosure property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,118
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,360
$402.4K
Cap Rate 7%
$287,400
$287.4K
Cap Rate 9%
$223,533
$223.5K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$38.1K $17.64/SF
− Vacancy
−$1.5K −$0.71/SF
EGI
$36.6K $16.93/SF
− OpEx
−$16.5K −$7.62/SF
NOI
$20.1K $9.31/SF
Area
Milwaukee, WI
Vacancy
4.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,360
Cap Rate 7%
$287,400
Cap Rate 9%
$223,533
Alternative Uses
Best Use
Multifamily LT 5
$310.4K
$271.6K – $362.1K
NOI $21,727 @ 7.0% cap · market cap 289.69%
Second Best
Apartment 5plus
$287.4K
$251.5K – $335.3K
NOI $20,118 @ 7.0% cap · market cap 268.24%
Theoretical Best
Office A
$519.1K
$454.2K – $605.6K
NOI $36,335 @ 7.0% cap · market cap 484.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Explore this area
Business Placement
Demographics for 53206, WI
22,816
Population
10,077
Households
2.3
Avg Household Size
32
Median Age
7%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
8,450
Density / Sq Mi
$28,995
Median Household Income
$25,655
Median Earnings
$998
Median Rent
$70,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property requiring renovation and offered in as-is condition.
Where is this duplex located?
The property is located at 3249 N 13th St Milwaukee, WI.
What are key features of this property?
This property features: 2,160‑square‑foot duplex with a 2/2 configuration; Built in 1916; City of Milwaukee tax foreclosure property
