507 N 31st St #509, Milwaukee, WI 53208 - Photo 1

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$349,999 -$8,001 (-2.23%) Price Reduced

For Sale
Active
Duplex
Updated 1 day ago

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Property Description

Welcome to your brand new dream home, or next turnkey investment money maker! This 3/6 fully renovated vacant duplex with over 12 cap rate is what you've been waiting for! This property is massive in size, will command over $4,000 monthly in gross rent, & is a CASH COW! Also features two units with an extra in-laws suite in attic, that could also be rented, has tons of charm.You will fall in love with the tall ceilings, stainless steel appliances, new kitchens, bathrooms, new furnaces, new central air units, new foundation & exterior just to name a few (see attached seller updates document).Plenty of parking in the back as well as on the street. Located just blocks away from Marquette University High School, & minutes away from both Miller Park & Downtown Milwaukee.

Full Property Details

Full Property Details for 507 N 31st St #509

General

Price: $349,999
Taxes: $3,162 (2025)
Status: Active
Type: Duplex
Source: MetroMLS_Milwaukee_Wirex
MLS ID: 1965186
Updated: 6/8/2026
Added to Site: 5 day(s) ago

Parking

Garage: Yes
Attached garage: Yes
Parking Features: Alley Entrance, Driveway Entrance, Paved Driveway

Location

County: Milwaukee
Driving Directions: At the intersection of 31st and Clybourn. Just north of Clybourn.

School Information

School District: Milwaukee

Utilities

Water/Sewer: Municipal Sewer, Municipal Water

Structural Information

Architectural Style: Duplex/2 Story, In-Law/Guest Quarter
Exterior Const.: Brick, Vinyl
Basement Desc.: Brick, Full, Poured Concrete
Year Built: 1908

Unit Information

Unit 1

Square Feet: 3200
Bathroom Features: Ceramic Tile, Shower over Tub
Bedrooms: 3

Unit 2

Bathroom Features: Ceramic Tile, Shower over Tub
Bedrooms: 6

Lot Features

Lot Size (Acres): 0.09
Zoning: RT4

Financial Considerations

Tax Amount: $3,162.69
Tax Year: 2025

Listed by First Weber Inc - Brookfield

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— 507 N 31st St #509 —

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Schools

Schools serving 507 N 31st St #509

School District:Milwaukee School District

Name	Grades	Distance
Milwaukee Academy of Chinese Language 2430 West Wisconsin Avenue, Milwaukee, WI 53233	PK-8	0.5 mi
Story Elementary 3815 West Kilbourn Avenue, Milwaukee, WI 53208	PK-8	0.6 mi
Starms Discovery Learning Center 2035 North 25th Street, Milwaukee, WI 53205	1-8	1.5 mi
Roosevelt Middle School of the Arts 800 West Walnut Street, Milwaukee, WI 53205	6-8	2 mi
Lincoln Center of the Arts 820 East Knapp Street, Milwaukee, WI 53202	6-8	2.7 mi
Rufus King International Middle School 121 East Hadley Street, Milwaukee, WI 53212	6-8	3.1 mi
Milwaukee High School of the Arts 2300 West Highland Avenue, Milwaukee, WI 53233	9-12	0.8 mi
South Division High School 1515 West Lapham Boulevard, Milwaukee, WI 53204	9-12	2 mi
Bradley Technology & Trade High School 700 South 4th Street, Milwaukee, WI 53204	9-12	2.1 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 507 N 31st St #509 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

6/08/2026

Price Reduced

$349,999

-2.23%

MLS

6/04/2026

Listed

$358,000

411.43%

MLS

7/15/2025

Sold

$70,000

—

Public Record

Get Price Alerts and Save Property

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 507 N 31st St #509

Year

Property Taxes

Change

Tax Assessment

Change

2024

$3,811

—

$156,200

18%

2024

$3,811

11%

$132,800

2023

$3,448

16%

$125,200

—

2022

$2,981

56%

$125,200

48%

2021

$1,907

21%

$84,600

47%

2019

$1,576

25%

$57,600

—

2018

$1,260

$57,600

—

2017

$1,251

-4%

$57,600

2016

$1,301

$52,900

2014

$1,294

-25%

$50,400

-20%

2013

$1,715

-10%

$63,000

-33%

2012

$1,904

—

$93,400

—

View All

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 507 N 31st St #509

507 N 31st St #509, Milwaukee, WI 53208 (MLS# 1965186) is a Duplex property with 0 bedrooms and 0 full bathrooms. 507 N 31st St #509 is currently listed for $349,999 and was received on June 04, 2026. Want to learn more about 507 N 31st St #509? Do you have questions about finding other Duplex real estate for sale in Milwaukee? You can browse all Milwaukee real estate or contact a Coldwell Banker agent to request more information.

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507 N 31st St #509 Milwaukee, WI 53208