3060 N 36th St #3062 · Milwaukee, WI 53210

$215,000

4 bd · 2.0 ba · 2,091 sqft · MultiFamily · 59 Days on market

Built 1921 Good condition 3,920 sqft lot $103/sqft · 105% above area ↓ 4% since listing

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +19.7/30.0
• ARV discount +7.5/15.0
• DSCR +6.2/10.0
• 1% rule +5.2/10.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• Rent growth +3.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

This standout duplex is the kind of opportunity that does not come around often, offering immediate income potential with one unit vacant and ready for you to move in or lease at market rent from day one. Each unit delivers spacious, sun filled living areas that tenants love, making it an easy choice for strong, consistent occupancy. Step outside to a fully fenced backyard perfect for entertaining or relaxing, plus a rare 3 car garage that adds serious value with ample parking and storage. Whether you are looking to house hack or expand your portfolio, this property checks all the boxes with flexibility, functionality, and upside. Located in a convenient pocket of Milwaukee near everything

Key facts

• High demand property
• 3 car garage
• 3,920 sq ft lot

Tags

• IMMEDIATE INCOME POTENTIAL
• SUN FILLED LIVING AREAS
• FULLY FENCED BACKYARD
• 3 CAR GARAGE
• HIGH DEMAND PROPERTY

Property features AI

Exterior

• Parking: Detached 3-car garage; Additional parking: 1 space
• Utilities: Municipal water; Municipal sewer
• Home design: 2-story duplex; Multi-family property; Less than 1/2 acre lot (approx. 0.09 acre); Zoning: RT2
• Construction: Aluminum and vinyl exterior materials; Year built: Assessor/Public Record
• Exterior features: Aluminum/steel and vinyl exterior

Interior

• Kitchen: Unit 2 kitchen on upper level (approx. 12 x 10); Appliances included
• Bedrooms: Unit 1: 2 bedrooms; Unit 2: 2 bedrooms (master and second bedroom on upper level)
• Bathrooms: Unit 1: 1 full bath; Unit 2: 1 full bath
• Interior features: Full basement; All appliances included
• Laundry & utility: Two electric meters; Two gas meters

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $215k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $253 ($3k/yr) — positive. Per door: $126/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $215k).
• Recommended offer: $209k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 5.1% in Milwaukee — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#55 in WI, #1,534 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D+, schools F, crime F.
• Milwaukee School District (urban): math 10% / reading 18% proficiency, ranked #337 of 342 in WI (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.8%/yr); 143 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).
• At $2,201/mo this rent would consume 55% of the median local household income ($48k/yr) (locally 1730% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Milwaukee County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($209k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1921 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $208,550 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1921 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.02% ✓
• Cap rate: 7.70%
• Cash-on-cash: 5.04%
• DSCR: 1.22
• GRM: 8.1

CMA / ARV

• ARV (median comp): $105,079
• List price: $215,000
• Delta: 104.61%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3068 N 34th St Unit 3068A	0.12mi	5/2.0 (+1)	2,087 (-0%)	0mo	$110,000	$53	89
3166 N 39th St #3168	0.22mi	4/2.0	2,064 (-1%)	2mo	$145,000	$70	86
3148 N 39th St #3150	0.21mi	4/2.0	2,044 (-2%)	2mo	$128,888	$63	85
2931 W Chambers St #2933	0.39mi	5/2.0 (+1)	2,080 (-0%)	3mo	$116,000	$56	74
2838 N 40th St #2840	0.37mi	4/2.0	2,202 (+5%)	2mo	$65,000	$30	72
2873 N 34th St #2875	0.25mi	4/2.0	1,888 (-10%)	1mo	$108,500	$57	71
3024 N 44th St	0.52mi	4/2.0	1,998 (-4%)	1mo	$120,775	$60	67
2760 N 35th St Unit 2760A	0.38mi	5/2.0 (+1)	1,897 (-9%)	2mo	$107,500	$57	60
3218 N 26th St	0.66mi	4/2.0	1,986 (-5%)	3mo	$165,000	$83	58
2616 N 38th St	0.58mi	4/2.0	1,887 (-10%)	2mo	$117,500	$62	55
2847 N 26th St	0.66mi	4/2.0	1,863 (-11%)	2mo	$70,000	$38	49
2463 W Chambers St #2465	0.72mi	5/2.0 (+1)	2,318 (+11%)	2mo	$50,000	$22	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.82% rent growth · sell at horizon

5-year hold

• IRR: -7.5%
• Equity multiple: 0.72×
• Total profit: $-16,863
• Equity at exit: $32,057

10-year hold

• IRR: 3.1%
• Equity multiple: 1.23×
• Total profit: $13,836
• Equity at exit: $18,589

Cash invested: $60,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Wisconsin: 73 Landlord-Friendly · R+2
• County: — inherits STATE
• City: — inherits STATE

5-day notice; preempted; Madison / Milwaukee have some local enforcement.

Methodology + full state rankings →

ZIP-level market 53210

• Home prices YoY: -21.5%
• Rents YoY: 3.8%
• Active inventory: 143
• Price-to-rent: 16.3×

Monthly cashflow live

• Estimated rent: $2,201 high
• Mortgage (P&I): −$1,127
• Tax est. 1.5%: −$269 /mo · $3,225/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$462
• Net cashflow: $253

Break-even live

Break-even rent $1,881

Max offer price $215,000

Occupancy floor 84%

Sensitivity live

Price	-10% $402	-5% $327	+0% $253	+5% $179	+10% $104
Rent	-10% $79	-5% $166	+0% $253	+5% $340	+10% $427
Rate	-1.0pp $361	-0.5pp $308	base $253	+0.5pp $197	+1.0pp $141

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,200
Total (2 units)			$2,201

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3123 N 42nd St Milwaukee, WI	4.0	1.0	1500	$1,700	$1.13	25d	1	0.40mi
2704 W Concordia Ave Unit Na Milwaukee, WI	5.0	2.0	1856	$2,500	$1.35	25d	1	0.61mi
2713 N 44th St Milwaukee, WI	3.0	1.0	1450	$1,350	$0.93	45d	1	0.73mi
2809 W Clarke St Unit 12811 Milwaukee, WI	3.0	1.0	1400	$1,200	$0.86	18d	1	0.78mi
2976 N 49th St Milwaukee, WI	3.0	1.0	1700	$1,300	$0.76	18d	1	0.84mi
2432 N 28th St Milwaukee, WI	5.0	1.5	1876	$1,600	$0.85	45d	1	0.95mi
2308 W Clarke St Milwaukee, WI	4.0	2.0	1545	$1,750	$1.13	25d	1	1.03mi
2137 N 47th St Milwaukee, WI	5.0	2.0	1723	$1,850	$1.07	16d	1	1.39mi

Listing history 17 events

1. 2026-06-21
   days on market $215,000 Active 59 DOM
2. 2026-06-18
   price $215,000 Active 56 DOM
3. 2026-06-18
   days on market $220,000 Active 56 DOM
4. 2026-06-17
   days on market $220,000 Active 55 DOM
5. 2026-06-16
   days on market $220,000 Active 54 DOM
6. 2026-06-15
   days on market $220,000 Active 53 DOM
7. 2026-06-13
   days on market $220,000 Active 51 DOM
8. 2026-06-13
   days on market $220,000 Active 50 DOM
9. 2026-06-09
   days on market $220,000 Active 47 DOM
10. 2026-06-08
    days on market $220,000 Active 46 DOM
11. 2026-06-07
    days on market $220,000 Active 45 DOM
12. 2026-06-05
    days on market $220,000 Active 42 DOM
13. 2026-06-03
    days on market $220,000 Active 41 DOM
14. 2026-06-02
    days on market $220,000 Active 40 DOM
15. 2026-06-01
    days on market $220,000 Active 39 DOM
16. 2026-05-31
    days on market $220,000 Active 38 DOM
17. 2026-04-23
    listed $225,000 Active 762-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,412
• − Mortgage interest: −$12,043
• − Property taxes: −$3,225
• − Insurance: −$1,075
• − Repairs & maintenance: −$2,113
• − Management: −$2,113
• − Depreciation: −$6,255
• Taxable loss: −$412
• Est. tax savings @ 24.0%: +$99
• After-tax cash flow: $3,135/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This well-maintained, move-in-ready duplex offers immediate income potential with one unit vacant and ready for you to move in or lease at market rent from day one.

Repairs flagged

• Minor Exposed brick walls in kitchen — Can be covered with paint or wallpaper
• Moderate Outdated cabinetry in kitchen — Can be replaced with modern cabinetry

Value-add opportunities

• Both Painting exposed brick walls — Enhances curb appeal and interior aesthetics
• Both Replacing outdated cabinetry — Improves functionality and aesthetics
• Both Upgrading HVAC system — Improves comfort and energy efficiency
• Both Landscaping and curb appeal improvements — Enhances overall property value and appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
Exposed brick walls in kitchen · Can be covered with paint or wallpaper	Minor	$500–3,000
Outdated cabinetry in kitchen · Can be replaced with modern cabinetry	Moderate	$3,000–15,000
Total estimated repair cost · 2 items		$3,500–18,000

Value-add ROI direction

• Both Painting exposed brick walls — Enhances curb appeal and interior aesthetics ↑
• Both Replacing outdated cabinetry — Improves functionality and aesthetics ↑
• Both Upgrading HVAC system — Improves comfort and energy efficiency ↑
• Both Landscaping and curb appeal improvements — Enhances overall property value and appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Milwaukee School District
• NCES district ID: 5509600
• Math proficiency: 10% ▼ -5.00%
• Reading proficiency: 18% ▬ 0.00%
• Median HH income: $36,339
• Composite: 11.61/100
• National rank: #9696
• State rank: #337 of 342 in WI

Livability — Milwaukee

• Score: 81/100
• State rank: #55
• US rank: #1534

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment D+ Housing A+ Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Milwaukee, WI
• County: Milwaukee County · 926,379 people
• City population: 573,768
• Metro: Milwaukee-Waukesha, WI
• Population (ZIP): 23,922
• Household income: $48,217
• Rent vs Own: 60.4% rent · 39.6% own
• Severe rent burden: 1730.0

Population outlook (Milwaukee County) Hauer SSP2

• Today (2025): 995,758 people
• By 2030: 1,009,124 · +1.3%
• By 2040: 1,028,128 · +3.3%
• By 2050: 1,040,066 · +4.4%
• By 2075: 1,057,849 · +6.2%
• By 2100: 1,039,774 · +4.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (71%)
• Race & ethnicity: Black 71% White 17% Hispanic / Latino 6% Two or more races 6% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Romanian 2% Portuguese 1% Italian 1%
• Foreign-born: 3% · Canada, Philippines
• Languages at home: 94% English-only · Spanish 3% Other Asian/Pacific 2%

Political lean MEDSL · Milwaukee

• 2024 margin: Solid D (+38.5) · D 68.3% · R 29.8% · Other 1.8%
• 2008→2024 swing: +2.7pp toward D · 2008: 35.9pp · 2024: 38.5pp
• All cycles: 2024: D+38.5 2020: D+39.9 2016: D+37.5 2012: D+34.6 2008: D+35.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -76.77%
• Current HPI: 280.0133
• Rent YoY: ▲ 3.82%
• Metro: Milwaukee-Waukesha, WI
• State GDP YoY: ▲ 2.10%
• F500 in state: 20

Industry mix (Fortune 500 HQ in WI)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$23B
▸Industrial Technology	2	$36B
▸Insurance	1	$36B
▸Professional Services	1	$19B
▸Utilities	1	$9B
▸Consumer Goods	1	$3B

Price history

-4.4% since first listed

3 events — show timeline

• 2026-06-18 Price Changed $215,000 METROMLS
• 2026-05-20 Price Changed $220,000 METROMLS
• 2026-04-23 Listed $225,000 METROMLS