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$515,000 Contingent
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Property Description
Nestled in the beautiful and highly desirable Jackson Park neighborhood, this brick four-family apartment building represents an exceptional, turnkey addition to any investment portfolio. The low-maintenance exterior offers lasting curb appeal, while the interior features a strong mix of two spacious 2-bedroom, 1-bathroom units and two comfortable 1-bedroom, 1-bathroom units. With all four units currently fully rented, this property provides immediate, reliable cash flow and stable occupancy from day one. Offering a perfect blend of a prime location, solid brick construction, and a strong rental history, this building is a standout opportunity for savvy investors looking to expand their real estate portfolio.
Full Property Details
Full Property Details for 3141 S 48th St
General
- Price: $515,000
- Taxes: $8,560 (2025)
- Status: Contingent
- Type: Apartment
- Source: MetroMLS_Milwaukee_Wirex
- MLS ID: 1965993
- Updated: 6/17/2026
- Added to Site: 34 day(s) ago
Parking
- Uncovered Spaces: 5
- Parking Features: Outdoor Space
Location
- County: Milwaukee
School Information
- School District: Milwaukee
Heating & Cooling
- Heating/Cooling: Forced Air, Natural Gas
Utilities
- Water/Sewer: Municipal Sewer, Municipal Water
Structural Information
- Architectural Style: Apartment Building
- Exterior Const.: Brick
- Basement Desc.: Block, Full, Laundry Facilities
- Stories Description: 1 to 2 Stories
- Year Built: 1951
Unit Information
Unit 1
- Unit Description: 1 Bedroom, Range/Oven, Refrigerator, Storage Lockers
- Square Feet: 750 or Les
Unit 2
- Unit Description: 2 Bedrooms, Range/Oven, Refrigerator, Storage Lockers
- Square Feet: 750 or Les
Unit 3
- Unit Description: 1 Bedroom, Range/Oven, Refrigerator, Storage Lockers
- Square Feet: 750 or Les
Unit 4
- Unit Description: 2 Bedrooms, Range/Oven, Refrigerator, Storage Lockers
- Square Feet: 750 or Les
Lot Features
- Lot Size (Acres): 0.23
- Zoning: Multi Family
Financial Considerations
- Tax Amount: $8,560.22
- Tax Year: 2025
Listed by RE/MAX Lakeside-Central
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Schools
Schools serving 3141 S 48th St
School District:Milwaukee School District
| Name | Grades | Distance |
|---|---|---|
Manitoba School 4040 West Forest Home Avenue, Milwaukee, WI 53215 | PK-8 | 0.5 mi |
Milwaukee Spanish Immersion School 2765 South 55th Street, Milwaukee, WI 53219 | PK-5 | 0.7 mi |
Hayes Bilingual School 971 West Windlake Avenue, Milwaukee, WI 53204 | PK-7 | 2.9 mi |
Roosevelt Middle School of the Arts 800 West Walnut Street, Milwaukee, WI 53205 | 6-8 | 5.3 mi |
Lincoln Center of the Arts 820 East Knapp Street, Milwaukee, WI 53202 | 6-8 | 5.6 mi |
Milwaukee School of Languages 8400 West Burleigh Street, Milwaukee, WI 53222 | 6-12 | 6.5 mi |
Audubon Technology and Communication High 3300 South 39th Street, Milwaukee, WI 53215 | 9-12 | 0.7 mi |
Hamilton High School, Milwaukee, WI 6215 West Warnimont Avenue, Milwaukee, WI 53220 | 9-12 | 1 mi |
Reagan College Preparatory High 4965 South 20th Street, Milwaukee, WI 53221 | 9-12 | 2.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3141 S 48th St
Date
Details
Price
Change
Source
6/11/2026
Listed
$515,000
77.59%
MLS
4/29/2022
Sold
$290,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3141 S 48th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,698
—
$410,400
23%
2024
$7,698
19%
$334,800
21%
2023
$6,479
-2%
$277,200
—
2022
$6,600
2%
$277,200
13%
2021
$6,500
8%
$246,100
11%
2019
$6,035
6%
$221,000
—
2018
$5,717
4%
$221,000
—
2017
$5,507
-5%
$221,000
9%
2016
$5,800
-2%
$202,400
10%
2014
$5,917
—
$184,100
-5%
2013
$5,926
-2%
$194,000
-13%
2012
$6,041
—
$222,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3141 S 48th St
3141 S 48th St, Milwaukee, WI 53219 (MLS# 1965993) is a Apartment property with 0 bedrooms and 0 full bathrooms. 3141 S 48th St is currently listed for $515,000 and was received on June 11, 2026. Want to learn more about 3141 S 48th St? Do you have questions about finding other Apartment real estate for sale in Milwaukee? You can browse all Milwaukee real estate or contact a Coldwell Banker agent to request more information.

