Affordable land and leasing costs, abundant fresh water, an educated workforce, low business costs and easy access to financing, technical assistance and efficient transportation have helped local businesses succeed and grow.
It finally feels (and looks) like winter in our neighborhoods. For 2016, our resolution in the new year is to help even more residents achieve homeownership in the city of Milwaukee.
If becoming a homeowner is on your list of resolutions, save your tax refund and get started today on your path to homeownership. Properties on our Extended Listing have been reduced to sell, plus NIDC offers a $20,000 forgivable loan for rehab.
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.
For all residents, Milwaukee Water Works reminds us to prevent frozen water pipes and water meters this time of year. It's time now to make sure your pipes are exposed to warm air. Don't let your pipes freeze! The Department of Public Works also offers recycling and waste reductiontips for the season.
Thank you for keeping Milwaukee neighborhoods beautiful and STRONG all year long!
RESOURCES for REHAB & REPAIR
STRONG Homes Loan
Now accepting applications!
The STRONG Homes Loan Program offers partially forgivable loans 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.
NIDC Targeted Investment Neighborhoods (TINs)
The Neighborhood Improvement Development Corporation offers loans to assist with repairs in a limited number of City of Milwaukee Targeted Investment Neighborhoods. New neighborhoods added for the start of 2016 are Layton Boulevard and Lighthouse.
TheHome Rehabilitation Loan Program offers partially forgivable and zero-interest payment rehab loans of up to $30,000 to income-qualified owner-occupants.
The Rental Rehabilitation Loan Program offers investors and purchasers of City-owned proeprties access to forgivable second mortgages of up to $14,999 per unit ($29,998 for a duplex) to assist with up to half the cost of needed rehabilitation.
RESIDENTIAL PROPERTIES FOR SALE
City Homes For Sale
City Real Estate has reduced the listing price on many homes for sale on theExtended Listing that are available to investors who want to earn rental income and owner-occupants.
Revisit our website Wednesday, January 13 to view new properties posted to the Current Listing! Bid due date is February 20.
Featured Single Family
Walter Truettner House
2402 N. Sherman Boulevard
Purchase Price: $58,500 Est. Rehab Cost: $31,415
Bring this beautiful home back to life! This prime example of mediterranean revival bungalow architecture sits on a corner lot at the southern entry to the Sherman Boulevard Historic District. Built in 1920 this spacious house has 2,407 square feet of living space composed of living rooms, sunroom, four bedrooms and two bathrooms. The 51 x 165 lot is 8,415 square feet with a garage that matches the style of the house.
House has all new roof and gutters with a fully renovated exterior including stucco repair, tuckpointing and full paint job. Owner-occupants only.
The Holst house is part of an impressive collection of homes on the north side of this block in the Harambee Historic District. Built in 1905, this grand duplex boasts three bedrooms per flat and impressive woodwork and details. Many exterior renovations have already been completed. Owner-occupants only.
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. View the Bulk Buyer Guidelineson our website.
Attend the next Department of Neighborhood Services FREE 5-hour training seminar on Wednesday, January 13, 9am-3pm and receive a 100 page manual and certificate of completion.
Class Sign-In: 8:30am Location: Water Tower, 4001 S. 6th St., 3rd fl.
Note that investor buyers of City-owned property must possess or obtain a Landlord Training Program certificate of completion.
Thursday, January 14, 2016, 2-3pm
Tippecanoe Library Community Room
Join Jessy Ortiz, the Sustainability Manager at Outpost Natural Foods, an award winning green business, in an informative overview of sustainable living. Following her discussion will be a lively question and answer session highlighting ways to make your home more sustainable.
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, January 26, 6-7:30pm
Washington Park Library Community Room, 2121 N. Sherman Blvd. Sign up on facebook!
View program brochures to find out more about this exciting opportunity! EnglishEspańol
February 4, 4pm-7pm
Kosciuszko Community Center, 2201 S. 7th St.
This FREE Housing Resource Fair is open to all residents. Staff from many local organizations and City of Milwaukee departments (NIDC, DNS, DCD) will be available to answer your questions and provide feedback. Whether you’re looking for info on repairing your Milwaukee house, or are interested in purchasing a home of your own, we can help! For information, visit www.milwaukee.gov/STRONG.
COMMERICAL PROPERTIES FOR SALE
Proposals will be considered on a first-come, first-served basis. 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
2432 W. Garfield Ave. Midtown Neighborhood
Asking price $30,000
Property consists of a two-story 3,949 SQ. FT. tavern with 1-2br upper, plus a 2 bedroom rear cottage with 817 SQ. FT. and a two car garage.