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City Real Estate E-newsletter  -  September 9, 2015

 
Get a LOT for LESS!


What can you buy for $1 these days?

You can buy a vacant lot from the City! After a successful pilot program in the 15th District, the sale of City-owned vacant lots has been expanded citywide. If you have a City-owned vacant lot next to your property, you may be able to buy it from the City for only $1. Vacant side lots may be used for gardening and landscaped open space or to build a garage, shed or fencing. Read more below about this expanded program and you’ll be relaxing in your own tranquil garden in no time!

Additionally, non-profit organizations are eligible to purchase some City-owned houses at a reduced price of only $1 (plus closing costs). Read more below about the steps needed to take to secure such a purchase.


    VACANT LOTS


$1 Vacant Side Lot$1 Vacant Side Lot

After a successful pilot program in the 15th District, the sale of City-owned vacant lots has been expanded citywide.

Requirements:

  • Lots for purchase for $1 must be approved by the local alderperson
  • You must own and live in the property that directly borders the vacant lot and the lot must border the long side of your property line
  • You must be current on all taxes and water and sewer bills and not have any outstanding code violations for any property you own in the City of Milwaukee

Additional costs:

  • $40 recording fee with Milwaukee County Register of Deeds
  • Additional property taxes that will be assessed with the addition of the extra lot

Do you own and live in your house? If there is a vacant City-owned lot directly to the side of your property we may be able to sell it to you.

Vacant side lots may be used for:

  • Garden, side yard or landscaped open space
  • Houses may not be built on the vacant lot, but garages, sheds and fencing are allowed

Steps to ownership:

  • Submit the online form
    (or manually complete and return the $1 Vacant Lot Application Form)
  • The City will determine whether or not the vacant lot you request is available and eligible
  • The City will certify that you are in good standing with the City of Milwaukee 
     


    EVENTS AND LEARNING OPPORTUNITIES

 


$20,000 forgivable loanAttend a Homebuyer Orientation Session

Attend the next session to learn more about the Homebuyer Assistance Program, which offers FREE assistance from a rehab specialist and up to $20,000 forgivable loans for the rehab of City-owned homes.

Tuesday, September 15, 6-7:30pm
Washington Park Library Community Room
2121 N. Sherman Blvd.

Click to Learn More

View program brochures to find out more about this exciting opportunity!  
English  Espańol



Explore our great neighborhoods with Doors Open MKE

Saturday, September 19 & Sunday, September 20 - 10am-5pm

The fifth annual DOORS OPEN MILWAUKEE event hosted by Historic Milwaukee, Inc. will open the doors to over 150 wonderful buildings free-of-charge to the public – buildings that hold hidden treasures and special stories – from churches to office buildings, theaters to work sites, museums to hotels, clubs to universities; all sites of historic, architectural, cultural, or commercial interest.

Milwaukee’s Historic City Hall will once again serve as the event headquarters at 200 E. Wells Street. Free public tours are also available on a first-come, first-served basis starting at 9am on the day of the tour. Learn more about this exciting event at www.doorsopenmilwaukee.org.



Community Improvement Project Grants

Kilbourn Gardens residents and volunteersNIDC offers Community Improvement Project (CIP) grants to support community projects that engage community members and physically improve neighborhoods in Milwaukee. The CIP grants are reimbursable grants that require a dollar-for-dollar match from non-City funding sources. The maximum CIP grant request available for a project is $4,000 in 2015. Please note that attending an info session is now a requirement for CIP application.

Remaining 2015 sessions:

  • September 23, Wednesday, 6-7pm
    Washington Park Library Community Room, 2121 N. Sherman Blvd.
  • October 8, Thursday, 9:30-10:30am
    Boys & Girls Club (Mardak Center), 1558 N. 6th St.
  • October 21, Wednesday, 6-7pm
    Washington Park Library Community Room, 2121 N. Sherman Blvd.
     
  • 2015 CIP Application Guidelines

Learn more about CIP grants and view past projects at: www.milwaukee.gov/CIPS 



Map Milwaukee Demonstration

Learn how use the City's Map Milwaukee tool to get information on City-owned property, bank forclosures, dev

  • Wednesday, October 14, 10-11:30am
    809 N. Broadway, first floor conference room (just inside main entrance of building)
  • Registration is required

The demonstration will consist of approximately 1 hour of demonstration followed by 1/2 hour for questions. This demonstration is intended for new users and will cover the basic operation of Map Milwaukee applications, and will extend to some of the more advanced capabilities. Questions for all skill levels are welcome.
 

 


    RESIDENTIAL PROPERTIES FOR SALE


City Homes For SaleExtended Property Listing


City Real Estate has many homes for sale on the Extended Listing that are available to investors who want to earn rental income and owner-occupants. Investor owners must possess or obtain a Landlord Training Program certificate.

Home sales to owner-occupants qualify for the $500 Roots Landscaping Program Incentive for purchase of flowers, sod, grass seed, bushes, fencing, misc. or purchase of lawn care tools including lawnmowers, snowblowers, trimmers, tillers, shovels, rakes, etc. with priority given to the front yard.

Visit our website on Friday, September 17 to view new properties posted online! Bid due date will be October 20.

 


 


Featured Single Family2740 North 10th Street

This home has good curb appeal and is in close walking distance to North Division High School.

2740 N. 10th Street
3BR/1BA • Built 1895
1,164 SQ. FT. • 4,410 SQ. FT. lot
Detached garage

Purchase Price: $9,200
Est. Rehab Cost: $68,350

Property may also qualify for a $20,000 forgivable loan for rehab through the Homebuyer Assistance Program.

Shop our Extended Listing today!
 

 

 

Featured Historic House817 N 28th St

This house is roomy with 2,004 square feet of living space and ready for the right buyer to customize it to their liking.

In 1906 Nathaniel Pereles moved this house to this location and set it on a new brick foundation. Not much else is known about the history of this house. What is evident is that the Pereles house is a fine two-story, Victorian frame house.

Some exterior updates have already been made and new porches have been built.

817 N. 28th Street 2BR/2BA  • Built 1900 • 2,004 SF 
Must reduce units to single family

Purchase Price: $26,100   Est. Rehab Cost: $23,520

Property may also qualify for a $20,000 forgivable loan for rehab through the Homebuyer Assistance Program. Shop our Historic Houses today!

 
  
    COMMERICAL PROPERTIES FOR SALE

 


3774 S. 27th St.3774 South 27th Street
Asking Price: $815,000

Constructed in the mid 1800s, this Locally Designated Historic Building in the Southpoint Neighborhood has 4,381 SF. Retoration of building and additional new construction is required on the land.

Proposals considered on a first-come, first-served basis. To complete this redevelopment, financial resources and incentives may be available from the City of Milwaukee such as façade grants, white box grants and retail investment funds. Business financing may also be available through our partner MEDC.

View more commercial properties for sale at: milwaukee.gov/CRE
 

 
    SPECIAL OFFERS


Non-profits can purchase City Houses for $1

The City will sell to non-profit organizations at a reduced price of $1 (plus closing costs) if the property is listed for sale for $20,000 or less.

  • The property has been on the market for at least 60 days
  • Non-profit must have been in operation for at least 12 months
  • After rehabilitation is complete the property may be sold to an owner-occupant or can be kept as an investment property
  • Must demonstrate experience in residential renovation

To get started, choose a vacant property identified on the Extended Listing ( Eligible for Community Based Organization [CBO] $1 sale) with a sales price equal to or less than $20,000.

Learn more about this $1 program for non-profits on our website.


 

Bulk Buyer Sales 5 for $25,000

Bulk Buyer Guidelines for Purchasing City Houses 

The City of Milwaukee will sell to bulk buyers at a reduced price of $5,000 per property if the property listed for sale is $25,000 or less.

  • Must purchase a minimum of five properties
  • Must have housing rehab experience
  • After rehabilitation is complete the property must be sold to an owner-occupant or held as an investment rental property for two years if you are not receiving City financing and five years if you are receiving City financing 
  • You may not sell to another investor
  • Landlord training is required if you are purchasing for rental purposes

View more details about Bulk Buyer Guidelines on our website.


 


    RESOURCES

 

 
    IN THE NEWS

 


 

 DCD facebookConnect with Us!

Follow the Department of City Development on Facebook and Twitter for more updates on city real estate for sale, programs and incentives offered, development projects around the city and the latest news from the Mayor's STRONG Neighborhoods Plan.

www.facebook.com/milwaukeedcd
www.twitter.com/milwaukeedcd

 



If your organization would like to be featured in future e-newsletters, please contact
Community Outreach Liaison Christina Klose at cklose@milwaukee.gov

 


City Real Estate, 809 N. Broadway, Milwaukee, WI 53202   -   (414) 286-5730


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