Taxes
- Assessed Value: $194,600
- Assessed Year: 2025
- Assessed County: Milwaukee
- APN: 001410215000
- Assessed Land Value: 20900
- Tax Amount: 3701.17
- Tax Year: 2025
- Market Value: 178300
- Market Year: 2023
7040 W Lima St; Milwaukee, WI Property Details
Off market
7040 W Lima St Milwaukee, WI 53223
$75,000 Listing Price
3 Beds
1.5 Baths
1,179 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Year Built: 1968
- Purchase Price: $75,000
- Open Loans / Balance: 2 / $134,246
- Est. Equity / %: $83,754 / 38.42%
- Gross Yield: 11.582%
- APN: 001410215000
- Situs County: Milwaukee
- Length Of Ownership: 12 years, 6 months
Rooms
- Bedrooms: 3
- Bathrooms: 1.5
- Full Bathrooms: 1
- Total Rooms: 6
- Partial Bathrooms: 1
Structure
- Stories: 1
- Exterior Wall Type: Asbestos shingle
Measurements
- Total: 1,179/SqFt
- Lot: 7,200/SqFt
- Garage: 576/SqFt
- Living: 1,179/SqFt
- Basement: 1,106/SqFt
- Building: 2,285/SqFt
- Ground: 1,179/SqFt
- Garage Unfinished: 576/SqFt
- Price Per Square Foot: $63.61
Legal Description
- Description: MENOMONEE RIVER HILLS EAST IN SW 1/4 SEC 22-8-21 BLOCK 79 LOT 16
Building Insights
Land Information
- Property Type: Single Family
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Milwaukee School District
- Lat / Lon: 43.138477 / -87.99876
- Subdivision: Menomonee River Hills
- Property Class: Residential
- Zoning: RS5
- County Use Code: G1-01
Amenities
- Plus Four: 5772
- Cooling: Central
- Garage: Detached Garage
- Heating: Yes
HOA
- H O A One: $8
- H O A Amount: $8
- H O A One Type: Planned Unit Development
Ownership Info
7040 W Lima St has no associated ownership info
7040 W Lima St has no associated ownership info.
Taxes
7040 W Lima St has 9 associated Taxes items
7040 W Lima St, Milwaukee, WI pays taxes in Milwaukee County, WI. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $194,600. The APN we've located for 7040 W Lima St is 001410215000.
Unlock the full reportTax History
7040 W Lima St has 13 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $194,600 | Land Value $20,900 | Improvement Value $173,700 | Tax Amount $3,701.17 | Change Rate -0.002076% | Assessed CR | Tax Rate +0.019019% |
| Year 2024 | Assessed Value | Land Value | Improvement Value | Tax Amount $3,708.87 | Change Rate +0.057656% | Assessed CR | Tax Rate |
| Year 2023 | Assessed Value $148,400 | Land Value $8,900 | Improvement Value $139,500 | Tax Amount $3,506.69 | Change Rate +0.089674% | Assessed CR | Tax Rate +0.02363% |
| Year 2022 | Assessed Value $148,400 | Land Value $8,900 | Improvement Value $139,500 | Tax Amount $3,218.11 | Change Rate +0.125839% | Assessed CR | Tax Rate +0.021685% |
| Year 2021 | Assessed Value $120,800 | Land Value $8,900 | Improvement Value $111,900 | Tax Amount $2,858.41 | Change Rate -0.015204% | Assessed CR | Tax Rate +0.023662% |
| Year 2020 | Assessed Value $120,800 | Land Value $8,900 | Improvement Value $111,900 | Tax Amount $2,902.54 | Change Rate +0.175175% | Assessed CR | Tax Rate +0.024028% |
| Year 2019 | Assessed Value $103,000 | Land Value $8,900 | Improvement Value $94,100 | Tax Amount $2,469.88 | Change Rate +0.014274% | Assessed CR | Tax Rate +0.023979% |
| Year 2018 | Assessed Value $103,000 | Land Value $8,900 | Improvement Value $94,100 | Tax Amount $2,435.12 | Change Rate +0.039069% | Assessed CR | Tax Rate +0.023642% |
| Year 2017 | Assessed Value $93,300 | Land Value $10,500 | Improvement Value $82,800 | Tax Amount $2,343.56 | Change Rate -0.092969% | Assessed CR | Tax Rate +0.025119% |
| Year 2016 | Assessed Value $97,600 | Land Value $10,500 | Improvement Value $87,100 | Tax Amount $2,583.77 | Change Rate -0.00524% | Assessed CR | Tax Rate +0.026473% |
| Year 2015 | Assessed Value $95,700 | Land Value $10,500 | Improvement Value $85,200 | Tax Amount $2,597.38 | Change Rate -0.020563% | Assessed CR | Tax Rate +0.027141% |
| Year 2014 | Assessed Value $95,700 | Land Value $10,500 | Improvement Value $85,200 | Tax Amount $2,651.91 | Change Rate | Assessed CR | Tax Rate +0.027711% |
| Year 2013 | Assessed Value $95,700 | Land Value $10,500 | Improvement Value $85,200 | Tax Amount | Change Rate | Assessed CR | Tax Rate |