511 66th St · Kenosha, WI 53143

$144,900

3 bd · 1.0 ba · 1,036 sqft · SingleFamily public records · 78 Days on market

Built 1914 2,613 sqft lot $140/sqft · 29% below area Est $205k · 29% under

---

Why this score? — see what drove the B 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 +27.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.3/10.0
• 1% rule +7.1/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Very unique and affordable Kenosha home in great location off of 5th Ave near the lakefront! This property has no driveway/garage and is set off the road from 5th Ave & 66th St with walking access only to the property. This home is currently rented with tenants renting month-to-month. This single family home features a 1-story layout with small front porch, new carpet almost throughout living areas, large living room, formal dining room, large kitchen, 3 bedrooms, and 1 full bath on the main level. This property also features a partially fenced yard, small back porch, and full unfinished basement. Will not pass FHA/VA financing, but great opportunity to create some sweat equity. Ideal for another investor looking for a nice rental in a great location or owner occupant. Welcome Home!

Key facts

• Great location
• Walking access
• Small back porch

Tags

• GREAT LOCATION
• WALKING ACCESS
• PARTIALLY FENCED YARD
• SMALL BACK PORCH
• FULL UNFINISHED BASEMENT

🏷️ Possibly a rental listed for sale. The $144,900 price doesn't fit this home's estimated sale value (~$204,541) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $404 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $136k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 4.0% in Kenosha — 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 84/100 on livability (#31 in WI, #680 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, schools D+.
• Kenosha School District (suburban): math 26% / reading 31% proficiency, ranked #287 of 342 in WI (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 35 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 259 units permitted in Kenosha County in 2024 (8 in 5+ unit buildings).
• This rent runs 31% of the median local income ($68k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $41k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 18y ago; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; list at $145k implies a 190% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1914 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,206 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1914 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
7. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
8. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
9. 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.
10. 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.
11. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.21% ✓
• Cap rate: 9.64%
• Cash-on-cash: 11.94%
• DSCR: 1.53
• GRM: 6.9

CMA / ARV

• ARV (median comp): $204,541
• List price: $144,900
• Delta: -29.16%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1308 69th St	0.49mi	4/1.0 (+1)	1,108 (+7%)	2mo	$202,000	$182	60
6343 13th Ave	0.47mi	3/1.5	1,073 (+4%)	13mo	$195,000	$182	60
1505 69th St	0.60mi	2/1.0 (-1)	978 (-6%)	4mo	$174,900	$179	55
910 76th St	0.63mi	2/1.0 (-1)	1,068 (+3%)	9mo	$288,500	$270	53
1613 69th St	0.66mi	2/1.0 (-1)	1,060 (+2%)	11mo	$155,000	$146	52
914 69th St	0.33mi	2/1.0 (-1)	892 (-14%)	8mo	$196,000	$220	50
7402 8th Ave	0.51mi	2/1.0 (-1)	917 (-12%)	6mo	$200,000	$218	47
911 75th St	0.60mi	2/1.0 (-1)	1,152 (+11%)	3mo	$215,000	$187	46
7002 16th Ave	0.66mi	2/1.0 (-1)	970 (-6%)	9mo	$125,000	$129	46
6742 12th Ave	0.41mi	2/2.0 (-1)	923 (-11%)	16mo	$145,000	$157	40
519 73rd St	0.44mi	2/1.0 (-1)	1,179 (+14%)	13mo	$310,000	$263	40
1303 73rd St	0.59mi	4/2.0 (+1)	1,164 (+12%)	14mo	$242,000	$208	31

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 1.4%
• Equity multiple: 1.06×
• Total profit: $2,238
• Equity at exit: $21,605

10-year hold

• IRR: 11.1%
• Equity multiple: 1.86×
• Total profit: $35,094
• Equity at exit: $12,528

Cash invested: $40,572 (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 53143

• Active inventory: 35
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,746 high
• Mortgage (P&I): −$760
• Tax from tax record: −$156 /mo · $1,870/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$367
• Net cashflow: $404

Break-even live

Break-even rent $1,236

Max offer price $144,900

Occupancy floor 72%

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: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6516 5th Ave Apt 3 Kenosha, WI	2.0	1.0	725	$1,110	$1.53	5d	1	0.09mi
6018 8th Ave Apt 33 Kenosha, WI	2.0	1.5	975	$1,425	$1.46	7d	1	0.47mi
5945 6th Ave Kenosha, WI	2.0	1.0–2.0	800	$2,575	$3.22	1d	13	0.53mi
1108 61st St Unit 1110 Upper Kenosha, WI	3.0	1.0	869	$1,345	$1.55	7d	1	0.54mi
5900 4th Ave Unit 212 Kenosha, WI	2.0	2.0	1224	$1,999	$1.63	44d	1	0.57mi
5900 4th Ave Unit 217 Kenosha, WI	2.0	2.0	1083	$2,195	$2.03	19d	1	0.57mi
5900 4th Ave Apt 414 Kenosha, WI	2.0	2.0	1160	$2,675	$2.31	13d	1	0.57mi
5900 4th Ave Unit 512 Kenosha, WI	2.0	2.0	1224	$2,495	$2.04	20d	1	0.57mi
5900 4th Ave Unit 509 Kenosha, WI	2.0	2.0	1083	$2,035	$1.88	25d	1	0.57mi
5900 4th Ave Unit 309 Kenosha, WI	2.0	2.0	1083	$1,895	$1.75	20d	1	0.58mi
6703 16th Ave Kenosha, WI	3.0	1.0	864	$1,675	$1.94	19d	1	0.59mi
5522 7th Ave Kenosha, WI	2.0	1.0–2.0	858	$2,660	$3.10	3d	60	0.81mi
1809 60th St Kenosha, WI	3.0	1.0	1100	$1,500	$1.36	44d	1	0.87mi
1917 61st St Unit 1 Kenosha, WI	2.0	1.0	800	$1,250	$1.56	44d	1	0.89mi
5807 20th Ave Unit 1 Kenosha, WI	2.0	1.0	1064	$2,000	$1.88	19d	1	0.99mi
5807 20th Ave Unit 2 Kenosha, WI	3.0	1.0	1064	$2,400	$2.26	19d	1	0.99mi
716 51st Pl Kenosha, WI	2.0	1.0	900	$1,349	$1.50	21d	1	1.08mi
2614 63rd St #2 Kenosha, WI	2.0	1.0	900	$1,295	$1.44	25d	1	1.26mi
5432 23rd Ave Kenosha, WI	4.0	2.0	1400	$1,695	$1.21	4d	1	1.29mi
910 85th St Unit 920-306 Kenosha, WI	2.0	2.0	886	$1,200	$1.35	44d	1	1.47mi

Listing history 30 events

1. 2026-06-18
   days on market $144,900 Active 78 DOM
2. 2026-06-17
   days on market $144,900 Active 77 DOM
3. 2026-06-16
   days on market $144,900 Active 76 DOM
4. 2026-06-15
   days on market $144,900 Active 75 DOM
5. 2026-06-13
   days on market $144,900 Active 73 DOM
6. 2026-06-09
   days on market $144,900 Active 69 DOM
7. 2026-06-08
   days on market $144,900 Active 68 DOM
8. 2026-06-07
   days on market $144,900 Active 67 DOM
9. 2026-06-04
   days on market $144,900 Active 64 DOM
10. 2026-06-03
    days on market $144,900 Active 63 DOM
11. 2026-06-02
    days on market $144,900 Active 62 DOM
12. 2026-06-01
    days on market $144,900 Active 61 DOM
13. 2026-05-31
    days on market $144,900 Active 60 DOM
14. 2026-05-11
    price $144,900 800-char remark

    Show marketing remark (800 chars)

    Very unique and affordable Kenosha home in great location off of 5th Ave near the lakefront! This property has no driveway/garage and is set off the road from 5th Ave & 66th St with walking access only to the property. This home is currently rented with tenants renting month-to-month. This single family home features a 1-story layout with small front porch, new carpet almost throughout living areas, large living room, formal dining room, large kitchen, 3 bedrooms, and 1 full bath on the main level. This property also features a partially fenced yard, small back porch, and full unfinished basement. Will not pass FHA/VA financing, but great opportunity to create some sweat equity. Ideal for another investor looking for a nice rental in a great location or owner occupant. Welcome Home!

15. 2026-04-16
    price $155,000 800-char remark

    Show marketing remark (800 chars)

    Very unique and affordable Kenosha home in great location off of 5th Ave near the lakefront! This property has no driveway/garage and is set off the road from 5th Ave & 66th St with walking access only to the property. This home is currently rented with tenants renting month-to-month. This single family home features a 1-story layout with small front porch, new carpet almost throughout living areas, large living room, formal dining room, large kitchen, 3 bedrooms, and 1 full bath on the main level. This property also features a partially fenced yard, small back porch, and full unfinished basement. Will not pass FHA/VA financing, but great opportunity to create some sweat equity. Ideal for another investor looking for a nice rental in a great location or owner occupant. Welcome Home!

16. 2026-04-01
    listed $159,900 Active 800-char remark

    Show marketing remark (800 chars)

    Very unique and affordable Kenosha home in great location off of 5th Ave near the lakefront! This property has no driveway/garage and is set off the road from 5th Ave & 66th St with walking access only to the property. This home is currently rented with tenants renting month-to-month. This single family home features a 1-story layout with small front porch, new carpet almost throughout living areas, large living room, formal dining room, large kitchen, 3 bedrooms, and 1 full bath on the main level. This property also features a partially fenced yard, small back porch, and full unfinished basement. Will not pass FHA/VA financing, but great opportunity to create some sweat equity. Ideal for another investor looking for a nice rental in a great location or owner occupant. Welcome Home!

17. 2013-02-05
    listed $95,000 130-char remark

    Show marketing remark (130 chars)

    Pre-Foreclosure. All offers subject to bank approval. Located in a very private secluded area, walking distance to Lake Michigan.

18. 2013-02-05
    historical 130-char remark

    Show marketing remark (130 chars)

    Pre-Foreclosure. All offers subject to bank approval. Located in a very private secluded area, walking distance to Lake Michigan.

19. 2013-02-05
    listed $123,000

    Show marketing remark (130 chars)

    Pre-Foreclosure. All offers subject to bank approval. Located in a very private secluded area, walking distance to Lake Michigan.

20. 2013-02-05
    historical

    Show marketing remark (130 chars)

    Pre-Foreclosure. All offers subject to bank approval. Located in a very private secluded area, walking distance to Lake Michigan.

21. 2013-01-13
    listed $49,900
22. 2013-01-13
    historical
23. 2008-09-15
    soldstatus $49,900
24. 2008-09-15
    soldstatus $49,900
25. 2008-08-15
    historical
26. 2008-07-21
    listed $49,900
27. 2008-07-18
    historical
28. 2008-06-08
    listed
29. 2006-09-18
    soldstatus $116,000
30. 2004-04-23
    soldstatus $52,000

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

Tax reassessment forecast WI · Partial reset (capped growth)

• Current annual tax: $1,870 · $156/mo
• Projected year-2 tax: $2,275 · $190/mo
• Expected delta: +$405/yr (+$34/mo · 21.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 47% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥96°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,957
• − Mortgage interest: −$8,117
• − Property taxes: −$1,870
• − Insurance: −$724
• − Repairs & maintenance: −$1,677
• − Management: −$1,677
• − Depreciation: −$4,215
• Taxable income: $2,678
• Est. tax owed @ 24.0%: −$643
• After-tax cash flow: $4,201/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.

Schools (NCES district)

• District: Kenosha School District
• NCES district ID: 5507320
• Math proficiency: 26% ▼ -9.00%
• Reading proficiency: 31% ▼ -6.00%
• Median HH income: $52,407
• Composite: 25.17/100
• National rank: #7516
• State rank: #287 of 342 in WI

Livability — Kenosha

• Score: 84/100
• State rank: #31
• US rank: #680

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kenosha, WI
• County: Kenosha County · 130,343 people
• City population: 85,271
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 20,889
• Household income: $68,343
• Rent vs Own: 40.9% rent · 59.1% own
• Severe rent burden: 813.0

Population outlook (Kenosha County) Hauer SSP2

• Today (2025): 174,032 people
• By 2030: 174,923 · +0.5%
• By 2040: 173,895 · -0.1%
• By 2050: 170,102 · -2.3%
• By 2075: 162,952 · -6.4%
• By 2100: 154,781 · -11.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 59% Hispanic / Latino 21% Two or more races 18% Black 11% Asian 1%
• Hispanic origin (detail): Mexican 16% Puerto Rican 2%
• Common ancestry: Romanian 6% Portuguese 5% Lithuanian 2%
• Foreign-born: 6% · Canada, China
• Languages at home: 89% English-only · Spanish 10% Chinese 1%

Political lean MEDSL · Kenosha

• 2024 margin: Lean R (+6.2) · D 46.2% · R 52.5% · Other 1.3%
• 2008→2024 swing: -24.3pp toward R · 2008: 18.1pp · 2024: -6.2pp
• All cycles: 2024: R+6.2 2020: R+3.1 2016: R+0.3 2012: D+12.3 2008: D+18.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -220.75%
• Current HPI: 229.2067
• Rent YoY: —
• Metro: Chicago-Naperville-Elgin, IL-IN-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

+178.7% since first listed

17 events — show timeline

• 2026-05-11 Price Changed $144,900 METROMLS
• 2026-04-16 Price Changed $155,000 METROMLS
• 2026-04-01 Listed $159,900 METROMLS
• 2013-02-05 Listing Removed — METROMLS
• 2013-02-05 Listed $95,000 METROMLS
• 2013-02-05 Listing Removed — METROMLS
• 2013-02-05 Listed $123,000 METROMLS
• 2013-01-13 Listing Removed — METROMLS
• 2013-01-13 Listed $49,900 METROMLS
• 2008-09-15 Sold (MLS) $49,900 MRED as Distributed by MLS Grid
• 2008-09-15 Sold (MLS) $49,900 METROMLS
• 2008-08-15 Listing Removed — MRED as Distributed by MLS Grid
• 2008-07-21 Listed $49,900 MRED as Distributed by MLS Grid
• 2008-07-18 Listing Removed — MRED as Distributed by MLS Grid
• 2008-06-08 Listed — MRED as Distributed by MLS Grid
• 2006-09-18 Sold (Public Records) $116,000 Public Records
• 2004-04-23 Sold (Public Records) $52,000 Public Records

Property tax history

+0.8%/yr

Latest (2025): $1,870 · +5.6% YoY. Source: county tax records.