813 S Shea AVENUE, Milwaukee, WI, 53215
About This Home
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.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: 21+ Years
- Year built: 1918
Materials
- Construction materials: Aluminum/Steel,Aluminum Siding,Wood Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Duplex
Interior
Appliances
- Appliances included: Dryer,Washer
Basement
- Has basement: Yes
- Basement: Block,Full,Laundry Facilities
Heating
- Heating features: Natural Gas,Hot Water/Steam
Property
Details
- Parcel number: 4350035000
- Zoning: RT4
- Exclusions: Seller And Tenant's Personal Items/ Property
Lot
- Lot size: 6,969 sqft
Parking
- Parking features: Indoor Space,Inside Parking,Outside
- Has garage: Yes
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
- Heat Wave
- Tornado
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Wisconsin Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,618 | $19,416 |
| Home Insurance * | $176 | $2,112 |
| Property Taxes | $617 | $7,404 |
| Electricity | $171 | $2,054 |
| Total | $2,582 | $30,984 |
Income You'd Need if You Spent...
Wisconsin FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-14 | Price change | $320,000 |
| 2026-04-10 | Listed for sale | $295,000 |
| 2024-08-27 | Sold | $220,000 |
| 2018-08-23 | Sold | $72,000 |
| 2018-07-07 | Listed for sale | $77,000 |
For Sale by Agent
View on Zillow