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    Property profile & analytics

    2423 2425th N Farwell Ave Milwaukee, WI 53211

    • Residential income homes
    • 4,820 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $580,000
    Last Sale
    May 14, 2024
    $580,000
    Location Intelligence
    Property ID
    US92-0681429
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 2423 2425th N Farwell Ave

    Year built
    1896
    Lot size
    0.10 lot acres
    Property size
    4,820 SF
    Zone code
    RT3
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    319-0740-000
    APU
    3190740000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $580,000

    • CAP approach

      CAP return
      Estimation
      6%
      $575,000
      6.5%
      $510,000
      7%
      $530,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $615,000
      Geo Method
      $485,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $610,000
      Retail
      $625,000
      Mixed-Use
      $680,000
      Hospitality
      $645,000
      Educational
      $505,000
      Residential Income
      $570,000
      Energy
      $540,000
      Income-Based Land
      $660,000
      Food Service
      $595,000

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukee
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.884
    Latitude
    43.0619
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $11,931
    $77,600
    $423,500
    $501,100
    -
    $77,600
    $423,500
    $501,100

    Comparable in this City

    • Value Estimation
      $1,310,000
      2,728 SF

      2704 Cramer St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,728 SF
      2704 Cramer St, Milwaukee, WI 53211-3552
      View Details
    • Value Estimation
      $1,310,000
      2,728 SF

      1910 Park Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,728 SF
      1910 Park Pl, Milwaukee, WI 53211-3660
      View Details
    • Value Estimation by Request
      4,788 SF

      3045 Oakland Ave, Unit 3051

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,788 SF
      3045 Oakland Ave, Milwaukee, WI 53211-3234
      View Details
    • Value Estimation
      $445,000
      5,523 SF

      2964 2968th N Maryland Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,523 SF
      2964 2968th N Maryland Ave, Milwaukee, WI 53211
      View Details
    • Value Estimation
      $650,000
      4,118 SF

      2943 2945th N Bartlett Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,118 SF
      2943 2945th N Bartlett Ave, Milwaukee, WI 53211
      View Details
    • Value Estimation
      $620,000
      3,380 SF

      2908 Bartlett Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,380 SF
      2908 Bartlett Ave, Milwaukee, WI 53211-3209
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Furnished offices with shared amenities in Shorewood, Wisconsin.
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      Recently updated office building in a great Shorewood location.
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      7,400 SF Retail Space For Lease
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      View Details
    • Contact for pricing
      158,820 SF

      Milwaukee Medical Office Space

      Modern medical suites, prime location.
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      View Details
    • $10 SF/Yr
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      Oakland Avenue Retail Space Available

      Prime retail space on Oakland Ave near UW Milwaukee.
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      View Details
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    Milwaukee, WI 53211
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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