REO - 2200 West National Ave

The subject property is situated in a mix of residential and light industrial area within the 53204 zip code of Milwaukee, WI. This area has a population of approximately 33,000, with a median household income around $32,000, which is lower compared to adjacent zip codes like 53215 with a median household income of $39,000 and 53204 at $37,000. The surrounding vicinity features several amenities, including schools such as James Madison Academic Campus, local restaurants, and access to public transit options, including bus services that provide connectivity to downtown Milwaukee and nearby neighborhoods. The area reflects a blend of urban residential living with proximity to various industrial activities, contributing to its diverse community structure. Recent analysis indicates that Milwaukee’s 53204 zip code experiences a high overall crime rate of about 50.60 incidents per 1,000 residents annually, with violent crimes—comprising assault, robbery, rape, and a low-level murder rate—totaling roughly 9.63 per 1,000 residents (an F grade), while property crimes occur at a rate of 20.78 per 1,000 residents (earning a D– grade). Although several adjacent Milwaukee zip codes such as 53203, 53205, and 53212 register even higher crime levels, 53204 still remains significantly above national safety norms, underscoring persistent challenges that call for enhanced law enforcement and community safety initiatives.LENDER OWNED- An excellent investment opportunity featuring a two-story mixed-use building with a total GBA of 7,288 SF, situated on a 0.12-acre parcel, located on the corner of S 22nd St. and W National Ave. Parcel is zoned LB-2 for Local Business District use. Built in 1897, the property offers a combination of ground-floor commercial space and second-floor residential apartments. The building features two commercial units on the ground floor, measuring approximately 1,566 SF and 2,078 SF, respectively, each equipped with one restroom. The second floor consists of four residential apartments with a diverse unit mix of one 3-bedroom unit, two 2-bedroom units, and one 1-bedroom unit. Additional features include a full, unfinished basement with a sink, a full bathroom, and storage area. The rear of the property features a raised deck and a storage shed. All units are separately metered for electricity only. With two commercial spaces and four residential apartments, the property offers multiple potential income streams within one mixed-use asset. All tenants are currently on month-to-month basis, and existing rents are below market, providing an opportunity for an investor to explore rental adjustments over time. The property's corner location, commercial frontage, and residential unit mix offer an opportunity for an investor seeking a value-add mixed-use investment in Milwaukee.