228 Milton Ave, Janesville, WI, 53545
About This Home
MOTIVATED SELLERS...Showings on Thursday Only!!! Opportunity awaits with this well-maintained Upper/Lower multi/family units offering strong rental income and significant recent improvements. Each unit features 2 bedrooms, 1 full bath. The property has undergone extensive lead hazard reduction improvements, with over $200,000 invested, including new windows, new interior doors, new siding, soffit, and fascia, providing peace of mind and reducing future maintenance expenses. Whether you're looking to expand your investment portfolio or owner-occupy one unit while collecting rental income from the other, this property offers solid cash flow potential and major capital improvements already completed.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1890
Materials
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Apartment
Interior
Appliances
- Appliances included: Range/Oven (Unit 1),Refrigerator (Unit 1),Range/Oven (Unit 2),Refrigerator (Unit 2)
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Family/Rec Room (Unit 1),Dining Room (Unit 1),Family/Rec Room (Unit 2),Dining Room (Unit 2),Shared basement
Heating
- Heating features: Natural Gas,Forced Air,Individual Heat Control (Unit 2)
Interior Area
- Total structure area: 2,695
- Total interior livable area: 2,695 sqft
Property
Details
- Parcel number: 2410136200483
- Zoning: Res
Features
- Patio & porch: Balcony/Patio (Unit 1)
Lot
- Lot size: 5,227 sqft
Parking
- Total spaces: 2
- Parking features: Outside,Driveway,Off Street
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
- Tornado
- Hail
- Heat Wave
- Lightning
- Strong Wind
- Winter Weather
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 | $1,663 | $19,956 |
| Home Insurance * | $155 | $1,860 |
| Property Taxes | $477 | $5,724 |
| Electricity | $253 | $3,038 |
| Total | $2,548 | $30,576 |
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 |
|---|---|---|
| 2026-08-05 | Price change | $319,000 |
| 2026-07-01 | Listed for sale | $329,000 |
| 2024-09-28 | Listing removed | $1,000 |
| 2024-09-22 | Listed for rent | $1,000 |
| 2007-08-01 | Sold | $124,700 |
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