Well-Maintained Duplex with Two
35015 47th Street Unit 35021 Burlington, WI 53105
35015 47th Street Unit 35021, Burlington, WI, 53105
$329,000
Pending
For Sale
$329,000
Pending
Duplex with two 2-bedroom, 1-bath units and unfinished basements, with 2024 system and water intrusion updates.
Property Size1,792 SF
Days on Market24
Property Features for 35015 47th Street Unit 35021
General Information
- Standard status
- Pending
- Size
- 1,792 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1968
Listing agency
@properties
(219) 776-1500
Listed by
Chuck Higgins · License #94721-94
(219) 776-1500
Source
Compass
Added: Jun 28 Updated: Jul 21 at 10:23AM Checked: Jul 21 at 10:23AM
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 @properties
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate units, each with 2 bedrooms and 1 bathroom, plus an unfinished basement. Unit B is currently occupied under a one-year lease, providing immediate rental income. Recent improvements include a new roof, roof vents, and gutters, with a new furnace in Unit B (2024), a new water heater in Unit A (2024), and new sump pumps installed in both units in 2024.
The property is located on a private cul-de-sac described as serene and quiet, with convenient access between Lake Geneva and Kenosha. The area is also noted for nearby lakes and opportunities for boating and fishing.
From a configuration standpoint, the building is set up as a straightforward two-family income property with matching unit layouts and basement space for storage or future finishing.
The property is located on a private cul-de-sac described as serene and quiet, with convenient access between Lake Geneva and Kenosha. The area is also noted for nearby lakes and opportunities for boating and fishing.
From a configuration standpoint, the building is set up as a straightforward two-family income property with matching unit layouts and basement space for storage or future finishing.
Key Highlights
- Duplex built in 1968 with two units, each offering 2 bedrooms and 1 full bath
- Both units include an unfinished full basement
- Est. total 1,792 SF
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 | $29.0k | $16.20 |
| − Vacancy | −$1.1k | −$0.62 |
| EGI | $27.9k | $15.58 |
| − OpEx | −$8.4k | −$4.68 |
| NOI | $19.5k | $10.91 |
1,792 SF · lease $16.20/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$279.3K
$244.4K – $325.8K
NOI $19,549 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$243.3K
$212.9K – $283.9K
NOI $17,031 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$430.9K
$377.1K – $502.8K
NOI $30,166 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath units and unfinished basements, with 2024 system and water intrusion updates.
Where is this duplex located?
The property is located at 35015 47th Street Unit 35021 Burlington, WI.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Duplex built in 1968 with two units, each offering 2 bedrooms and 1 full bath; Both units include an unfinished full basement; Est. total 1,792 SF
