Excellent opportunity to own a cash-flowing 4-unit in Milwaukee's near south side in the Muskego Way neighborhood. This property features a strong unit mix with two 1-bedroom units and two 2-bedroom units, appealing to a wide tenant pool. Located in a highly walkable area with easy access to public transit, shopping centers, and everyday conveniences, tenants will love the proximity to Mitchell Street amenities, local dining, and nearby parks like Mitchell Park Conservatory. With solid rental demand in the area and value-add potential through rent growth or continued updates, this property is ideal for both seasoned investors and those looking to start or expand their portfolio.
Active
$249,900
1541 South Union STREET, Milwaukee, WI 53204
--beds
--baths
--sqft
Est.:
Multi Family, Apartment
Built in 1893
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 1 day |
- 87 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: April 09, 2026 at 10:50am
Listed by:
Holly Speranza 414-517-3387,
Keller Williams-MNS Wauwatosa
Source: WIREX MLS,MLS#: 1957135
Originating MLS: Metro MLS
Originating MLS: Metro MLSTour with a local agent
Facts & features
Interior
Heating
- Natural Gas, Forced Air
Appliances
- Included: Seller Owned: Water Heater
Features
- Basement: Full
- Has fireplace: No
Property
Parking
- Parking features: Outdoor Space, Inside Parking, Outside
Lot
- Size: 2,178 Square Feet
Details
- Parcel number: 4601644000
- Zoning: RT4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Other, Vinyl Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1893
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Milwaukee
- Municipality: Milwaukee
Financial & listing details
- Tax assessed value: $121,500
- Annual tax amount: $3,393
- Date on market: 4/9/2026
- Inclusions: Any Items Left By The Seller At The Property Upon Closing.
- Exclusions: Seller's And Tenants' Personal Items
Estimated market value
Not available
Estimated sales range
Not available
$1,194/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 4/9/2026 | Listed for sale | $249,900-32.4% |
Source:  WIREX MLS #1957135 Report a problem | ||
| 4/6/2026 | Listing removed | $369,900 |
Source: WIREX MLS #1955554 Report a problem | ||
| 3/27/2026 | Listed for sale | $369,900+85% |
Source: WIREX MLS #1955554 Report a problem | ||
| 7/5/2023 | Sold | $200,000-9.1% |
Source: WIREX MLS #1831175 Report a problem | ||
| 5/30/2023 | Pending sale | $220,000 |
Source: WIREX MLS #1831175 Report a problem | ||
| 5/12/2023 | Listed for sale | $220,000 |
Source: WIREX MLS #1831175 Report a problem | ||
| 5/3/2023 | Pending sale | $220,000 |
Source: WIREX MLS #1831175 Report a problem | ||
| 4/19/2023 | Listed for sale | $220,000+147.5% |
Source: WIREX MLS #1831175 Report a problem | ||
| 2/28/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/17/2022 | Listed for rent | $695 |
Source: Zillow Rental Network Premium_1 Report a problem | ||
| 2/19/2019 | Sold | $88,895+154% |
Source: Public Record Report a problem | ||
| 2/10/2017 | Sold | $35,000-21.9% |
Source: Public Record Report a problem | ||
| 12/2/2016 | Price change | $44,800-0.2% |
Source: CENTURY 21 Affiliated #1505664 Report a problem | ||
| 11/24/2016 | Listed for sale | $44,900-17.5% |
Source: CENTURY 21 Affiliated #1505664 Report a problem | ||
| 9/9/2015 | Listing removed | $54,400 |
Source: CENTURY 21 Affiliated #1386039 Report a problem | ||
| 7/1/2015 | Price change | $54,400-0.7% |
Source: CENTURY 21 Affiliated #1386039 Report a problem | ||
| 5/5/2015 | Price change | $54,800-0.2% |
Source: CENTURY 21 Affiliated #1386039 Report a problem | ||
| 3/20/2015 | Price change | $54,900-5.2% |
Source: CENTURY 21 Affiliated #1386039 Report a problem | ||
| 11/18/2014 | Price change | $57,900-3.3% |
Source: CENTURY 21 Affiliated #1386039 Report a problem | ||
| 10/10/2014 | Price change | $59,900-7.7% |
Source: CENTURY 21 Affiliated #1386039 Report a problem | ||
| 9/14/2014 | Price change | $64,900-13.3% |
Source: CENTURY 21 Affiliated #1386039 Report a problem | ||
| 4/24/2014 | Listed for sale | $74,842+12.4% |
Source: CENTURY 21 Affiliated #1337636 Report a problem | ||
| 1/7/2010 | Sold | $66,600+56.7% |
Source: Public Record Report a problem | ||
| 1/15/2002 | Sold | $42,500 |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2022 | $2,667 +5.3% | $112,000 +23.1% |
| 2021 | $2,533 | $91,000 |
| 2020 | $2,533 | $91,000 |
| 2019 | $2,533 +17.8% | $91,000 +17.9% |
| 2018 | $2,150 +48% | $77,200 +37.6% |
| 2017 | $1,453 -4.6% | $56,100 -3.4% |
| 2016 | $1,524 -28% | $58,100 |
| 2015 | $2,116 | $58,100 |
| 2014 | $2,116 | $58,100 -10.1% |
| 2012 | -- | $64,600 -25% |
| 2011 | -- | $86,100 |
| 2010 | $2,279 -54.4% | $86,100 -7.9% |
| 2009 | $4,995 | $93,500 |
| 2008 | -- | $93,500 |
| 2007 | -- | $93,500 |
| 2006 | -- | $93,500 |
| 2005 | -- | $93,500 +37.7% |
| 2004 | -- | $67,900 +40.3% |
| 2003 | -- | $48,400 +20.7% |
| 2002 | -- | $40,100 +14.2% |
| 2001 | $1,264 -7.7% | $35,100 |
| 2000 | $1,370 +24.5% | $35,100 |
| 1999 | $1,101 | $35,100 |
Find assessor info on the county website
Monthly payment
Est. payment
$1,664/mo
Principal & interest
$1308
Property taxes
$356
More affordability tools
Climate risks
Neighborhood: Muskego Way
Nearby schools
GreatSchools rating
- 2/10Mitchell Integrated Arts SchoolGrades: PK-8Distance: 0.3 mi
- 3/10South Division High SchoolGrades: 9-12Distance: 0.3 mi
- 4/10Hayes Bilingual SchoolGrades: PK-8Distance: 0.8 mi
Schools provided by the listing agent
- District: Milwaukee
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 53204
- Wisconsin
- Milwaukee County
- Milwaukee
- 53204
- Muskego Way
- 1541 South Union STREET
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Nearby neighborhoods
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