3459 Kinnickinnic AveMilwaukee, WI 53207

Property Details for 3459 Kinnickinnic Ave

Year built

1920

Lot size

0.08 AC

Property size (Sq ft)

1,288 SF

Zone code

LB2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

540-1348-000

APU

5401348000

Description

This exceptional mixed-use property, located at 3459 S Kinnickinnic Ave in Milwaukee, Wisconsin, presents a compelling investment opportunity for both owner-users and investors. The building boasts 1,385 square feet spread across two stories, situated on a 0.08-acre lot. Currently configured as a ground-floor storefront (barber shop) and a renovated three-bedroom, one-bathroom apartment on the second floor, this property offers immediate income potential. The apartment features central air conditioning, while the main level has a window unit. Both levels are heated by a gas forced air system. The property includes a detached one-car garage, adding further value and convenience. The building is zoned LB2 Local Business, providing flexibility for a variety of uses. Municipal sewer and water services are readily available. The asking price is $425,000. This prime location in Milwaukee, Wisconsin (zip code 53207) offers excellent visibility and accessibility, making it an ideal investment for those seeking a strong return on investment in a thriving urban area. The property's versatile layout and existing income streams make it an attractive option for a variety of buyers. Don't miss this chance to acquire a well-maintained, income-producing property in a desirable Milwaukee neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $232,564

  6.5%

  $214,674

  7%

  $199,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $130,762

  Geo Method

  $167,762

• Alternative Use

  Use

  Valuation

  Residential

  $266,196

  Hospitality

  $243,834

  Educational

  $202,867

  Medical

  $209,844

  Retail

  $315,571

Location Insight

City

Milwaukee

County

Milwaukee

State

Wisconsin

Latitude

42.9815

Longitude

-87.8803

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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