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Property profile & analytics
OFF-MARKET
Residential income homes
2740 61st St Milwaukee, WI 53210-2110
Entity Owned
3-yr Hold
Property ID
US92-2045954
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1949
Total area
3,780 SF
Lot
0.11 ac (5,005 SF)
Zoning code
LB2
APN
305-1333-000
UPID
US92-2045954
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Aarav Reale State INC · 3 yrs held
Aarav Reale State INC
since 2023
Last sale
$348,000
7 recorded transactions
Zoning & alternative use
LB2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,207
Tax year 2022
Assessed value
$218,700
Assessed 2022
Previous assessed
$218,700
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$21,800
Assessed improvement
$196,900
Land market value
$21,800
Improvement market value
$196,900
Total market value
$218,700
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1949
Heating
YES
Stories
2
Units
4
Rooms
16
Bathrooms
1
Total area
3,780 SF
Lot
0.11 ac (5,005 SF)
Zoning code
LB2
APN
305-1333-000
UPID
US92-2045954
Jurisdiction
MILWAUKEE
Zoning & alternative use
LB2 · Milwaukee, WI
Zoning LB2 · permitted uses
LB2 · 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
1949
Heating
YES
Stories
2
Units
4
Rooms
16
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Aarav Reale State INC
Entity
Mailing address
53RD WHITETAIL RUN, MENOMONEE FALLS, WI 53051-0648
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2023
$348,000
Aarav Reale State INC
Eric Brunner
Warranty Deed
$220,000 · Waterstone Bank Ssb
Mar 9, 2020
$245,000
Eric Brunner
Rock Group Associates LLC
Warranty Deed
$183,750 · Loandepot.com LLC
Apr 10, 2012
$140,000
Rock Group Associates LLC
Mike Props Wisconsin LP
Warranty Deed
$126,000 · Bank Of Lake Mills
Nov 25, 2011
$46,300
Mke Props Wisconsin LP
Security Lndg Grp LLC
Warranty Deed
—
Jan 7, 2009
—
Security Lending Group LLC
Michael A Lee
Quit Claim Deed
related
—
Jan 26, 2006
—
Lee,michael A
Michael A Lee
Quit Claim Deed
related
$191,250 · Security Lndg
—
—
Lee,michael A
—
Deed Of Trust
related
$204,000 · Security Lndg
—
—
Rock Group Associates LLC
—
Deed Of Trust
related
$42,800 · Bank Of Lake Mills
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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