Mancheski & Associates, Inc

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Listing provided courtesy of reThought Real EstateMetro MLS- MLS# 1957312MLS Provider

813 S Shea AveMilwaukee, WI 53215

Multi-Family · 0.16 Acres
$320,000 Pending

813 S Shea Ave Overview

Time on Site:
80 days
Visits:
3

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.

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813 S Shea Ave Facts & Features

  • Type Multi-Family
  • Lot 0.16 Acres

Details

General

School Information

  • School District: Milwaukee
  • Elementary School: ALBA

Income/Expenses

  • Gross Scheduled Income: 39000
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1918

Location/Region

  • County Or Parish: Milwaukee
  • Postal City: Milwaukee

General Information

  • Exclusions: Seller and Tenant's personal items/ property
  • Inclusions: (2) Stoven/Oven, (2) Refrigerators, Home Warranty
  • Parcel Number: 4350035000
  • Property Sub Type: Multi-Family
  • Property Type: Multi-Family

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

    Exterior

    Parking Information

    • Parking Features: Near Public Transit,Indoor Space

    Lot Information

    • Lot Size Acres: 0.16
    • Lot Size Area: 0.16
    • Lot Size Square Feet: 6969.6
    • Lot Size Units: Acres

    Building Exterior/Construction

    • Construction Materials: Aluminum Siding,Wood

    General Information

    • Sewer: Municipal Sewer

    813 S Shea Ave Neighborhood

    Community

    53215 (MILWAUKEE) Demographics

    30
    Median Age
    10,757
    Population Density (per sq. mile)
    16%
    College Educated
    $41,810
    Estimated Median Income
    8,585
    Estimated Total Home Owners
    10,280
    Estimated Total Renters
    46% / 54%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    813 S Shea Ave Monthly Cost

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    $ %
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    $
    Jeff Payden
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    813 S Shea Ave Market Data

    Based on the last 30 days in this zip code

    $238,630
    Average List Price
    $146
    Average Price per Square Foot
    19
    Properties Sold
    86
    Average Days on Market
    33
    Properties for Sale
    Calculations provided by Reliance Network

    813 S Shea Ave History

    Date Event Value Agent
    6/16/2026Source: Metro MLS Status Change
    Pending
    4/14/2026Source: Metro MLS Price Increase
    $320,000 8.5%
    4/10/2026Source: Metro MLS Added to Database
    April 10, 2026