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City Real Estate E-newsletter  -  May 7, 2015

 

May 2015


Revitalizing Milwaukee Neighborhoods

The Department of City Development is once again knocking on the door to meet our planned sales goal of selling 350 City-owned homes by the end of 2015. To date, 164 home sales have closed and these homes are now in the hands of new owners. Additionally, a record 70 vacant lots have been sold already this year and many more will be improved by the Mayor’s STRONG Neighborhoods Plan.

We met and exceeded our goal in 2014 with a record number of 437 homes sold. This means more happy homeowners, safer blocks and further investment in our great Milwaukee neighborhoods, which also returns millions of dollars back to the City of Milwaukee tax rolls.

Read more below about incentives and initiatives to help you become a homeowner, an investor landlord or to learn how you can improve a vacant lot. Now that it’s finally warm out, let’s get out there and make an impact on Milwaukee neighborhoods this summer!
 



Get $20,000Learn more at our Homebuyer Orientation Sessions

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, May 19, 6-7:30pm
Zablocki Library (Community Room)
3501 W. Oklahoma Ave.
Click to Learn More

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


 

Don't forget about $500 ROOTS Landscaping Incentive!
$500 ROOTSWhen you buy a City-owned property to live in as an owner-occupant, we'll reimburse you with a cash-back reward for up to $500 in landscaping. Purchase plants, flowers, bushes, sod, fencing and more!

Learn more about our $500 ROOTS Landscaping Program Incentive.


 

3801 West Sarnow StreetFeatured Single Family Home

This single family home is located in the Washington Park neighborhood and within walking distance to all the amenities that Washington Park has to offer.

3801 W. Sarnow St.
1,672 SF • 4BR / 2BA

Purchase Price: $4,200
Est. Rehab Cost: $31,150

 


 

Featured Duplex Home725-27 South 36th Street

This duplex is located in the Silver City neighborhood with convenient access to Three Bridges Park and the Hank Aaron Trail in the Menomonee Valley.

725-27 S. 36th Street
1,476 SF • 3BR / 2BA

Purchase Price: $33,600
Est. Rehab Cost: $13,230


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

Shop our Extended Listing webpage today!
 


 

Current Property Listing
More Homes For Sale Coming May 28

Get your offers in! The Current Listing of City-owned homes for sale exclusively to owner-occupants is scheduled to close on May 19 at 10am.

Any unsold properties from that list will then move to the Extended Listing and will then be available to investors, non-profits and also homeowners.

City Real Estate will be posting more homes for sale to the Current Listing webpage on May 28, 2015. Stay tuned for more great Milwaukee neighborhood homes for sale!

 
 
Extended Property Listing

Thinking of Becoming a Landlord?

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

The classes are FREE and held on a regular basis throughout the year at various locations. They are held on evenings and weekends to accommodate virtually anyone's schedule. The classes are generally either (1) five hour session in one day or (2) two and a half hour sessions for two nights. Attendees get a free 100 page comprehensive manual and handouts on a variety of legal and business issues related to managing a property. View 2015 Landlord Training Program Class Schedule


Already an Experienced Landlord?

The NIDC Rental Rehabilitation Program has expanded so that purchasers of City-owned tax foreclosed properties throughout the City of Milwaukee Community Development Block Grant (CDBG) area are eligible to apply for financing under the program. Forgivable second mortgages of up to $14,999 per unit ($29,998 for a duplex) are available to assist with up to half the cost of needed rehabilitation. Applicants must be approved to participate in Rental Rehab program prior to closing on their purchase.


 

$1 Vacant Side Lot$1 Vacant Side Lot
- 15th District Pilot Program
 

Do you own and live in your house? Is it in the 15th Aldermanic District? Are you current on taxes, water bills and have no outstanding code violations on any properties? If there is a vacant City-owned lot directly to the side of your property we may be able to sell it to you.

View the $1 Vacant Side Lot website for more information.
 


Buy a Side Lot in any District
Don't live in the 15th District, but have a vacant lot next door? If you are a homeowner in good standing with the City of Milwaukee, you may be able to buy the lot next to your home and combine it with your property for added yard space. Contact us to see if a lot is available.

Start a Neighborhood Garden
The City of Milwaukee, along with our partner Milwaukee Urban Gardens, offers seasonal garden permits for residents who would like to garden on a vacant lot next to their house or work with their neighbors to create a community green space.

Submit a Vacant Lot for Improvement by the City
Neighbors are also invited to submit a vacant lot for improvement through the STRONG Neighborhoods Plan.
 


 
INFO SESSIONS:
NIDC 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.

May 14, Thursday, 9:30-10:30am
Held at the Boys & Girls Club (Mardak Center), 1558 N. 6th St.

May 27, Wednesday, 6-7pm
Held at the 3rd District Police Station, 2333 N. 49th St.

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


 

Featured Commercial Properties - Villard Ave.

3607 West Villard Avenue3607 W. Villard Ave. - Asking Price: $10,000

A commercial mixed-use property with loads of potential in the Old North Milwaukee Neighborhood. Along with high visibility and good traffic counts, this building has 4,416 square feet with apartments on the second floor. The preferred commercial uses include live-work space, catering service, artist’s studio and general retail services will be considered.

3721 West Villard Avenue3721 W. Villard Ave. - Asking Price: $10,000

The former candy shop is located in the Villard Avenue Business Improvement District. Along with high visibility and good traffic counts, the 4,507 square foot property also includes a duplex with attached four car garage. The preferred commercial uses are a small sit-down café, live-work space, artist studio, catering service and general retail services will be considered.

Proposals will be accepted and reviewed on a continuous basis until an acceptable proposal is received. 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 opportunities online at: www.milwaukee.gov/CRE
 



 

 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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