The Alverno neighborhood on Milwaukee’s south side takes its name from Alverno College, the Catholic liberal arts college founded by the School Sisters of St. Francis whose campus anchors the area. Around it are tidy blocks of post-war Cape Cods, brick bungalows, ranches and two-family homes, close to Jackson Park, Wilson Park and the shopping along Oklahoma Avenue and 27th Street.
Alverno is a classic south-side neighborhood: owner-occupied homes mixed with well-maintained duplexes, steady tenant demand, and prices that leave room for a reasonable return. Because the neighborhood is small and listings come up only occasionally, Carole watches for new duplexes and multi-family properties here and can alert you when one hits the market.
Duplexes and investment property for sale in Alverno, Milwaukee
The quick-links grid shows how many properties are for sale right now in each price range. Click any number to see those listings.
There are no active listings here in the MLS right now. Ask Carole to watch for new ones.
Neighborhood listings are matched to the City of Milwaukee’s official boundary for Alverno using each listing’s map location (mostly ZIP codes 53219, 53220, 53221).
Alverno, Milwaukee by the numbers
According to the U.S. Census Bureau’s American Community Survey (2020–2024 5-year estimates), Milwaukee’s Alverno neighborhood in Milwaukee County, Wisconsin, has approximately a population of 3,986, with a median age of 34.2. The median household income is approximately $64,489 a year.
The median value of an owner-occupied home in Milwaukee’s Alverno neighborhood is approximately $192,400. 46.4% of occupied homes are lived in by their owners and 53.6% are rented — a renter-majority market with a deep pool of tenants. Renters pay a median gross rent (rent plus utilities) of approximately $1,055 a month, which works out to annual rent of about 6.6% of the median home value — a quick, rough gauge of how rents compare with prices here, not a substitute for a property’s own rent roll and expenses. Because the Census does not publish figures for this neighborhood on its own, these numbers combine the census tracts that make it up; medians are weighted averages.
Source: U.S. Census Bureau, American Community Survey 2020–2024 5-Year Estimates (combined census tracts). This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.