1962 N Prospect Ave, Milwaukee, WI 53202 Property Records

Milwaukee County property record for 1962 N Prospect Ave, Milwaukee, WI 53202

Property Summary

Property TypeApartments (5+ Units)
Details7 bd · 148,430 sqft · built 1925
Lot Size1.28 acres (56,125 sqft)
OwnerCompany Name on File
Tax Bill$256,776 (2025)
Deeds & MortgagesMay 2024 Mortgage
Jan 2018 Mortgage
+ 1 more
Flood ZoneZone X (minimal risk)
APN356-0507-110

Property Details

APN / Parcel Number

Primary APN356-0507-110
Alternative APNs
  • 0035605071102
  • 003560507110

Interior

Bedrooms7 Beds
Units238 Units
Stories9 Stories
Building Area148,430 sqft Living Area

Exterior

Year BuiltBuilt 1925
Effective Year BuiltEffective 1925
Architectural StyleConventional
Lot Area56,125 sqft

Utilities, Heating & Cooling

Cooling SystemCentral

Location & Zoning

Account Number003560507110
Street Address1962 N PROSPECT AVE
CityMILWAUKEE
StateWI
Zip53202-1891
Property CategoryResidential
Property TypeResidential > Multi-Unit > Apartments (5+ Units)
Local Zoning CodeRM7
Legal DescriptionPROSPECT COURT SUBD IN NW 1/4 SEC 22-7-22 ALL LOTS 5 THRU 10 & SWLY 25 LOT 3-SWLY 40 LOT 4-NELY 27 LOT 11 & NELY 33 LOT 12
Legal Range22E
Legal Township07N
Legal Section22
Legal SubdivisionPROSPECT COURT SUBD
Legal Lot Number5-10
JurisdictionMILWAUKEE WI
Township / Civil DivisionMILWAUKEE
Census Block Group3
Census Block3002
Census Tract187000

Historic Designation

Source: NPS National Register of Historic Places, as of August 1, 2026

Historic DistrictWithin the Prospect Avenue Apartment Buildings Historic District
listed 1990 · 19 contributing resources · NRIS 90000640
Individually ListedShorecrest Hotel
listed 1984 · 1 contributing resources · NRIS 84003737

Federal listing alone does not restrict alterations; local historic district rules, which this data does not cover, may apply.

Owner

1962 N Prospect Ave, a residential property, is owned by a company that acquired it in May 2011.

Source: Milwaukee County records, as of September 3, 2026

Owner of RecordCompany Name on File
Mailing Address924 E JUNEAU AVE, MILWAUKEE, WI 53202-2748
Owner TypeCompany
VestingCompany

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

DateDocument
May 16, 2024Affidavit, Transfer · Commercial Mortgage
MINNESOTA LIFE INSURANCE COMPANY
Jan 5, 2018Deed of Trust, Mortgage
ASSOCIATED BANK NA
Feb 12, 2020Loan Modification, Mortgage
ASSOCIATED BK

Assessor's Deed Record

Deed NamesName on Deed
Last Transfer DateMay 25, 2011
Transfer Doc0010002018
Record UpdatedOct 29, 2026

May 2024: Affidavit, Transfer

Document TypeAffidavit
JurisdictionMILWAUKEE WI
Recording DateMay 16, 2024
Property Address1962 N PROSPECT AVE, MILWAUKEE, WI 53202-1891
Document Number0011420374
Instrument DateMay 13, 2024
Instrument11420374
Transaction TypeTransfer
Record UpdatedJun 18, 2026

Transaction

Tax$0.00
Amount AccuracyTransfer Tax Exempt
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0011420375
DateMay 16, 2024
Instrument11420375
Lender
NameMINNESOTA LIFE INSURANCE COMPANY
TypeInsurance Company
AddressSAINT PAUL, MN 55101
Agreement
TypeCommercial Mortgage
AmountAmount on Record

January 2018: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionMILWAUKEE WI
Property Address1962 N PROSPECT AVE, MILWAUKEE, WI 53202-1891
Transaction TypeMortgage
Record UpdatedNov 29, 2022

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0010742501
DateJan 5, 2018
Instrument10742501
Lender
NameASSOCIATED BANK NA
TypeBank
Address00000
Agreement
AmountAmount on Record

February 2020: Loan Modification, Mortgage

Document TypeLoan Modification
JurisdictionMILWAUKEE WI
Property Address1962 N PROSPECT AVE, MILWAUKEE, WI 53202-1891
Document Number0011049848
Instrument DateFeb 12, 2020
Transaction TypeMortgage
Record UpdatedFeb 18, 2021
Title CompanyATTORNEY ONLY

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address1962 N PROSPECT AVE MILWAUKEE WI 532021891, MILWAUKEE, WI 53202-1891

Mortgage

Document Number0011049848
DateNov 30, 2020
Instrument11049848
Lender
NameASSOCIATED BK
TypeBank
Agreement
AmountAmount on Record

Tax Assessment & Valuation

The 2025 property tax bill for 1962 N Prospect Ave was $256,776, up 12.3% from the year before.

Source: Milwaukee County assessment roll, as of September 3, 2026

Property Jurisdictions

TypeName
StateWisconsin
CountyMilwaukee County
MunicipalityMilwaukee City
Unified School DistrictMilwaukee School District (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$256,776.00 (+12.33%)$12,347,300 Land $1,633,300 Building $10,714,000
2024$228,589.00
2023$10,373,300 (+20.15%)
2022$205,568.00$8,633,700 Land $1,633,300 Building $7,000,400$8,633,700 Land $1,633,300 Building $7,000,400

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 1962 N Prospect Ave in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective October 26, 2024

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

The area around 1962 N Prospect Ave has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Internet Providers

Source: FCC Broadband Data Collection, based on 525 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
AT&T
Fiber · Fixed Wireless, DSL in parts of the area
5,000 / 5,000
Spectrum
Cable · Fiber in parts of the area
1,000 / 1,000
Verizon
Fixed Wireless
1,000 / 75
Starlink
Satellite
280 / 30
T-Mobile
Fixed Wireless
100 / 20

Nearby Properties on N Prospect Ave

Nearby Streets

Search Property Records by Address or Parcel Number