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4917 N 47th STREET, Milwaukee, WI, 53218

2beds
1baths
703sqft
$85,000
$121price/sqft
$829/moest. monthly cost
$33,160/yrincome needed

About This Home

Grow your portfolio with this cash-flowing 2-bedroom cottage featuring a long-term Section 8 tenant already in place. No basement means one less area to maintain, helping keep ownership simple. The property also offers a detached garage along with spacious front and back yards for added tenant appeal. Current Section 8 lease runs through 3/1/27 at $800/month, making this a solid opportunity for investors seeking dependable income and portfolio stability.Same Seller also selling MLS 1971023, 1971027, 1971030, 1971308, 1971307

Getting Around

51
WalkingSomewhat Walkable
48
TransitSome Transit
42
BikeSomewhat Bikeable

Schools

7/10
Hampton Elementary SchoolGrades PK-50.4 mi
6/10
Craig Montessori SchoolGrades PK-82.0 mi

Construction

Condition

  • Property condition: 21+ Years
  • Year built: 1913

Materials

  • Construction materials: Aluminum Siding,Aluminum/Steel

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Cooktop,Oven,Refrigerator

Basement

  • Basement: None / Slab

Bathroom

  • Features: Shower Over Tub

Bedroom2

  • Level: Main
  • Area: 96

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 2

Heating

  • Heating features: Natural Gas,Forced Air

Interior Area

  • Total structure area: 703
  • Total interior livable area: 703 sqft

Kitchen

  • Level: Main
  • Area: 60

Living Room

  • Level: Main
  • Area: 100

Master Bedroom

  • Level: Main
  • Area: 120

Property

Details

  • Parcel number: 2090313100
  • Zoning: RES
  • Exclusions: Seller & Tenant's Personal Property.

Features

  • Levels: One
  • Stories: 1
  • Fencing: Fenced Yard
  • Living area range: 750 or less

Lot

  • Lot size: 8,712 sqft

Parking

  • Total spaces: 1
  • Parking features: Detached,1 Car
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tsunami

FEMA Declared Disasters Across Wisconsin Counties

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $429$5,148
Home Insurance *$70$840
Property Taxes $159$1,908
Electricity $171$2,054
Total$829$9,948
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$28,422/yr
40% on housing$24,870/yr
45% on housing$22,106/yr

Wisconsin FAIR Plan Programs

Wisconsin Insurance Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 5,246Commercial: 198
Total Premiums$4.55M
Total Exposure$860.28M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.4%
10.4%
0%30.0%
Electricity Growth Rate10-year average: 3.6%
3.6%
0%15.0%
Property Taxes Growth Rate2-year average: -2.2%
-2.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$121This listing

vs Other Active Listings

Avg $/sqft

ZIP 53218$92
Milwaukee County$147

vs Homes Sold Last Month

Median $/sqft

ZIP 53218$141
Milwaukee County$187

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-06Price change$80,000
2026-07-10Listed for sale$85,000
2021-11-24Sold$26,000
2020-04-02Listing removed--
2020-03-24Listed for sale--
2004-04-15Sold$19,500

For Sale by Agent

AgentMelina Cortes
BrokeragePremier Point Realty LLC

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