$89,987. Three-bedroom frame house. ARV: $140,000.

Scroll down for interior photos.

Location

The main east-west arterial streets of Riverwest (Capitol Drive, Locust Street and North Avenue) connect it to the East Side via bridges. The main north-south arterial streets (Holton Street and Humboldt Boulevard) connect it to the downtown area. (See the map at http://tinyurl.com/y4xomo4.) You'll find your neighbors congregating in local cafes, bars and shops, including a community of art shops.

Riverwest is close to the University of Wisconsin—Milwaukee, public transportation, city parks and the lake. Enjoy the many festivals, bike races and art walks. See the Wikipedia article for more details and some photos: http://tinyurl.com/y54rbgf.

Condition

2,428 square feet!

The first floor (990 square feet) comprises a living room, dining room, office, bedroom and kitchen. The second floor (448 square feet) has 2 bedrooms and an attic for storage. The basement (990 square feet) has a half bath and a laundry area with washer and dryer.

New Frigidaire appliances in the kitchen, newer roof and forced-air furnace. No garage or air conditioner.

A small area of the kitchen floor (in the corner) needs repair. Bathroom tile could be replaced. There is seepage in the back basement stairs (an easy fix). 

Expenses

2009 property tax was $2,556.

Comparables

These properties are within 3 blocks of 2458 N. Weil:

• February 2010: 730 Meinecke Ave. sold for $139,000 (5 rooms).
• October 2009: 2657 N. Weil sold for $133,550 (1,080 square feet).
• October 2009: 2545 Gordon Place sold for $143,900 (4 bedrooms, 2 baths).
  
• August 2009: 2555 N. Humboldt Blvd. sold for $168,900 (968 square feet; in back of 2458 N. Weil).
• May 2009: 827 E. Wright Street sold for $149,900 (similar in size and 1 block from 2458 N. Weil).