813 S Shea Ave Milwaukee, WI 53215

$320,000
Active
estimated monthly payment
Duplex  |  MLS # 1957312
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About The Listing

Solid 4-unit investment opportunity on Milwaukee's South Side! Fully rented with three units leased at $850 per month and one unit at $700, generating $3,250 in monthly gross income and $39,000 annually. This income-producing property offers spacious units with functional layouts, large living areas, hardwood floors in select rooms, painted interiors in select spaces, and a full basement with storage and laundry area. Detached 4-car garage structure adds additional value and future potential. While the property could benefit from cosmetic TLS and continued improvements, it offers as strong rental setup for investors seeking immediate income with upside through future updates and rent growth. Conveniently located near shopping, schools, parks, public transportation, and everyday amenities.


Listing courtesy of Luis Castillo, reThought Real Estate
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Property Details

Features

 
 
 
Property Type: Multi Family
Status: Active
Year Built: 1918
MLS #: 1957312
Parking Description: Indoor Space,Near Public Transit
Air Conditioning Type: Hot Water/Steam,Natural Gas
Heat Type: Hot Water/Steam,Natural Gas
Basement: Block,Full,Laundry Facilities
Latest Update: 04/14/2026
List Date: 04/09/2026
Listing Agent ID: 44639
Listing Office: reThought Real Estate
Listing Office ID: of27022
Zoning: RT4
Data Source: Metro MLS
Lot Size: 0.16 Acres
Elementary School: ALBA
Tax Year: 2025
Estimated Taxes: $4,394
City: Milwaukee
Zip: 53215
County: Milwaukee
State: WI
Listing last updated: 04/14/26

Copyright 2025 Metro Multiple Listing Service, Inc. - All Rights Reserved. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.