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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Apartment buildings
2553 44th St Milwaukee, WI 53219-2372
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-2383140
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Total area
5,108 SF
Lot
0.15 ac (6,500 SF)
Zoning code
RM2
APN
492-0913-000
UPID
US92-2383140
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.25M
Owner & transaction history
Kline Properties LLC · 3 yrs held
Kline Properties LLC
since 2023
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
RM2 · Milwaukee, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Milwaukee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milwaukee submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10% · vs last sale $1.25M (Jul 3 2023)
Last sale anchor
$1.25M
Jul 3 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$244 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$10,800
Tax year 2022
Assessed value
$453,600
Assessed 2022
Previous assessed
$453,600
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$37,400
Assessed improvement
$416,200
Land market value
$37,400
Improvement market value
$416,200
Total market value
$453,600
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1961
Heating
YES
Stories
2
Units
6
Rooms
24
Bathrooms
1
Total area
5,108 SF
Lot
0.15 ac (6,500 SF)
Zoning code
RM2
APN
492-0913-000
UPID
US92-2383140
Jurisdiction
MILWAUKEE
Zoning & alternative use
RM2 · Milwaukee, WI
Zoning RM2 · permitted uses
RM2 · Milwaukee, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milwaukee. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Heating
YES
Stories
2
Units
6
Rooms
24
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Kline Properties LLC
Entity
Mailing address
55TH LOGAN DR, MENOMONEE FALLS, WI 53051-6277
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2023
$1,250,000
Kline Properties LLC
Kk Pkwy I LLC
Warranty Deed
$960,000 · Educators Cu
Jan 18, 2018
$330,000
Kk Pkwy I LLC
Chezare Misko
Warranty Deed
$560,000 · Waukesha State Bank
Nov 21, 2005
$305,000
Chezare Misko
Mohamed Yaseen
Warranty Deed
$305,200 · Wauwatosa Savings Bank
—
—
Kk Pkwy LLC
—
Deed Of Trust
related
$764,000 · Landmark Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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