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City Real Estate E-newsletter  -  May 16, 2017

 

May 2015

Revitalizing Milwaukee Neighborhoods

Whether you’re in the market for a fixer-upper, a historic house or a vacant lot to build on, the City of Milwaukee can help you reach your goals.

Attend a Homebuyer Orientation Session to learn more about the $20,000 forgivable rehab loan available when buying a City-owned home.

If you've ever considered buying a duplex to live in and rent out the other half, please sign up to attend a Landlord Training Session to learn more about legal and business issues related to managing a property.

Existing homeowners can take advantage of the STRONG Homes Loan, which offers a partially forgivable loan of up to $20,000 to help with essential home repairs.

Continue reading more below about properties for sale, neighborhood events and updates, helpful resources and other opportunities.
 


    HOUSES FOR SALE

 
NEW - Homewnership OpportunitiesCurrent Property Listing

There are now two Current Listings of homes for sale available to owner-occupants only. Offers are due on May 23 at 10 a.m. and the latest listing will be due on June 14 at 10 a.m. 

After 30 days, any unsold properties will move to the Extended Listing or will be listed with our outside agents. Work with your realtor to locate your new home! Homes for sale on the Extended Listing are available to investors who want to earn rental income and owner-occupants.

Owner-occupant buyers may qualify for:



Featured DuplexPhoto of 3158-60 North 39th Street

3158-60 N. 39th Street
4 BR / 2 BA  •  2,066 sq. ft.

Built in 1927 in the Sherman Park neighborhood and close to amenities on Burleigh and Fond du lac Ave., this home features a detached garage and sits on a 4,320 sq. ft. lot.

Asking Price: $7,000
DNS scope of work: $46,260
 
Offers due May 23, 10 a.m. May be eligible for Rental Rehabilitation Loan Program funds (up to $14,999 per unit) or $20,000 forgivable loan.



Featured Single Family

4230 N. 17th Street
2 BR / 1 BA  •  1,070 sq. ft.

Built in 1941 in the Rufus King neighborhood, this brick home sits on an attractive street of well-kept homes. Property features a detached garage and easy access to the freeway.

Asking Price: $16,100
DNS scope of work: $45,635

Offers due May 23, 10 a.m. May be eligible for $20,000 forgivable loan.


    HELPFUL RESOURCES FOR HOMEOWNERS


Strong Home Loan
STRONG Homes Loan Program

Accepting applications for current homeowners!

The STRONG Homes Loan Program from NIDC offers partially forgivable loans of up to $20,000 for emergency and essential repairs to owner occupants of 1-4 family properties throughout the City of Milwaukee on a first come, first served basis. Technical assistance will also be provided to assist with rehab projects.

 

  
    LOCAL NEIGHBORHOOD EVENTS


Project Clean & Green
The annual DPW Project Clean & Green program runs through June 5. The citywide program is designed to foster neighborhood pride through coordinated pick-up of excess household debris, street and alley sweeping, nuisance inspections, graffiti removal, and other neighborhood beautification activities sponsored by community agencies. Collection Crews will target one zone each week and collect extra items left at the collection point on the scheduled collection day. Look up your assigned week online.



Recycle Electronics for FREE
Saturday, May 20, 9 a.m. - 1 p.m., Miller Park - Miller Lot (east of Miller Park Way, next to the Klement's Sausage Haus). This is your chance to keep electronic waste out of the landfill! Keep Greater Milwaukee Beautiful is hosting an electronic donation drive to collect all personal/office computers, office electronic equipment, consumer electronics and telecommunications.



LBWN Summer Tour of Homes
Saturday, May 20, 10 a.m.-12:30 p.m., Urban Ecology Center (3700 W. Pierce St.)
Layton Boulevard West NeighborsLayton Boulevard West Neighbors offers FREE tours of homes for sale in the Silver City, Burnham Park, and Layton Park neighborhoods. Homebuyers learn about homebuying resources including $20,000 forgivable loans, mortgage options, homeownership education and more. Tour many attractions that make these neighborhoods an ideal place to buy a home including high-achieving schools, parks and recreation, international dining, and more! RSVP online.



Aerotropolis MilwaukeeAerotropolis Development Plan Update - Input Needed
Tuesday, May 23, 6:30 p.m.-8 p.m.,  Tippecanoe Library, 3912 S. Howell Ave. You are invited to an informational session highlighting the latest planning efforts and proposed projects within the Airport Gateway area of Milwaukee. In addition to a brief presentation highlighting the recent plan recommendations for the area, Ald. Witkowski, planning staff from the Department of City Development, SEWRPC, and the Aerotropolis will be on hand to take comments and answer questions.

  
    LEARNING OPPORTUNITIES

 


Learn more at our Homebuyer Orientation Sessions

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

Wednesday, May 17, 6-7:30 p.m.
Zablocki Library (Community Room), 3501 W. Oklahoma Ave.

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

Share with your friends and RSVP on our facebook events page.



Landlord TrainingLandlord Training Program

Attend the next Department of Neighborhood Services FREE 5-hour training seminar and receive a 100-page manual and certificate of completion. More sessions online.

  • Tues. & Wed, May 16-17, 4:30 p.m. - 7 p.m.  Sign-In: 4:00 p.m.  
    Water Tower, 4001 S. 6th St., 3rd floor (Must attend both sessions)
  • Saturday, May 20, 9 a.m. - 3 p.m.  Sign-In: 8:30 a.m.  
    Milwaukee Safety Academy - 6680 N. Teutonia Ave.


Lunch & Learn: If You Revitalize It, They Will Come
Central City Housing Initiatives as Catalyst for Commercial Real Estate Opportunities


May 22, 11:45 a.m. - 1:15 p.m., von Briesen & Roper SC, 411 E. Wisconsin Ave #1000
Michael Gosman, ACTS Housing and Martha Brown, Department of City Development will speak about the revitilization of Milwaukee's central city neighborhoods. Commercial brokers working with investors outside of Wisconsin will take away talking points to address misconceptions about the central city.



M7 Economic Development Forum
Thursday, June 1, 7:30 - 11:30 a.m., GE Healthcare Institute, N16 W22419 Watertown Road, Waukesha. Keeping up with the latest business trends and techniques is hard! The Milwaukee 7 Economic Development Forum will not only provide insights into the latest global trends affecting your organization and the economy, but will help you apply what you’ve learned through the power of collaboration.
 


    LOTS OF LOTS


Lots of Opportunites for Vacant Lots$1 Vacant Side Lot

  
    COMMERICAL PROPERTIES & DEVELOPMENT OPPORTUNITIES

 


Financial resources and incentives may be available from the City 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 



2917-23 N. Holton St.2917-23 North Holton Street
Asking Price: $20,000
Proposals will be accepted until 3 p.m. on June 30, 2017.


Situated near a high visibility corner in the Harambee Neighborhood and just off of busy Locust Street, this Spanish Colonial style brick masonry building was built in 1911. From 1935-1970, the building housed the Grand Theater and was one of the city’s earliest movie houses.

This two-story building offers 6,846 square feet of space on an 8,314 square foot lot, which includes the adjacent side lot to the north. Permitted uses include a community center, food bank, restaurant/café, office, artist studio, live/work unit, dance studio, etc. Restoration of the building and façade are required.

Learn more about the history of this property and view photos at OnMilwaukee.com.
 



4113-15 W. North Ave. & 4117-21 W. North Ave.

Here's your chance to purchase two neighboring commercial properties in the North Avenue Gateway - BID #28.

PHOTO ON LEFT:
4113-15 W. North Ave.
2,496 SF, built in 1909
Asking Price: $15,000

PHOTO ON RIGHT:
4117-21 W. North Ave.
3,548 SF, built in 1929
Asking Price: $15,000

Proposals will be accepted and reviewed on a continuous basis until an acceptable proposal is received.
 

 
    NEIGHBORHOOD NEWS and UPDATES

 



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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