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6540 W Mill ROAD #6542, Milwaukee, WI, 53218

6beds
4baths
2,318sqft
$237,300
$102price/sqft
$1,973/moest. monthly cost
$78,920/yrincome needed

About This Home

Add this Milwaukee townhouse-style duplex to your investment portfolio! Each spacious unit offers 3 bedrooms and 1.5 baths, with a functional layout featuring a large living room, generous kitchen, and main-level half bath. Upstairs, you'll find three sizable bedrooms and a full bath in each unit. Separate basements provide additional storage and utility space for tenants. A detached 3-car garage plus additional slab parking offer plenty of off-street parking. The exterior could use some TLC, presenting an opportunity to add value over time. Long-term tenants of 20+ years currently occupy both units and would love to stay, making this a great opportunity for investors seeking immediate rental income.

Getting Around

41
WalkingCar-Dependent
42
TransitSome Transit
37
BikeSomewhat Bikeable

Construction

Condition

  • Property condition: 21+ Years
  • Year built: 1980

Materials

  • Construction materials: Aluminum/Steel,Aluminum Siding,Brick/Stone,Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Block,Full

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 4
  • Full bathrooms: 2
  • 1/2 bathrooms: 2

Interior Area

  • Total structure area: 2,318
  • Total interior livable area: 2,318 sqft

Property

Details

  • Parcel number: 1400229000
  • Zoning: RES
  • Exclusions: Appliances; Tenants' Personal Property

Features

  • Living area range: 1001-1250

Lot

  • Lot size: 6,534 sqft

Parking

  • Total spaces: 3
  • Parking features: Attached,3 Car,1 Space
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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 WaveVery High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Winter Weather
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 $1,199$14,388
Home Insurance *$198$2,376
Property Taxes $359$4,308
Electricity $217$2,613
Total$1,973$23,676
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$67,645/yr
40% on housing$59,190/yr
45% on housing$52,613/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

$102This listing

vs Other Active Listings

Avg $/sqft

ZIP 53218$91
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
2026-08-06Contingent$237,300
2026-07-30Price change$237,300
2026-07-20Price change$239,800
2026-07-16Price change$239,890
2026-06-25Price change$239,900
2026-06-16Price change$249,800
2026-06-11Listed for sale$249,900

For Sale by Agent

AgentThe Hupke Team*
BrokerageRE/MAX Forward

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