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Department of City Development
The city will sell to non-profit organizations at a reduced price of $1 if the property has been on the market for AT LEAST 60 DAYS and the asking price is $25,000 or less.
The city will sell to non-profit organizations at a reduced price of $1,000 if the property has been on the market for LESS THAN 60 DAYS and the asking price is $25,000 or less.
* Buyers are required to show proof of financing for essential repair work prior to closing. Such proof may include a commitment letter from a lender or a current bank statement.
The organization must provide documentation of experience in the acquisition and rehabilitation of residential properties.
All property sales to nonprofits will be subject to real estate taxes, and will contain a deed restriction preventing the owner from seeking tax exempt status.
If the buyer does not have previous experience in residential renovation, the buyer must submit information that demonstrates that team members (general contractor, real estate agent, property manager, etc.) have previous relevant experience that will ensure the project’s success.
For buyers that have not previously purchased property from the City of Milwaukee, the City reserves the right to require proof of successful performance on the first property sold before accepting additional offers to purchase from the buyer.
If a buyer seeks to purchase multiple properties, it is preferable that properties be clustered geographically. Offers to purchase properties in bulk will be evaluated based on the buyer’s previous track record and level of proposed investment in the properties.
809 North Broadway
Milwaukee, WI 53202
Residential Properties (414) 286-5645
David Dorsey email@example.com
Email offers to: ResidentialOffers@milwaukee.gov
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