1746 N Cambridge Ave #1750 · Milwaukee, WI 53202

$411,590

6 bd · 4.0 ba · 3,406 sqft · MultiFamily · 6 Days on market

Built 1900 3,484 sqft lot Est $460k · 10% under ↓ 14% since listing

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Why this score? — see what drove the D+ 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 +16.5/30.0
• ARV discount +12.2/15.0
• DSCR +5.1/10.0
• 1% rule +4.5/10.0
• Livability +4.0/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• 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 MLS

You will love this 3 story side by side duplex located on Cambridge and 1/2 block from Brady Street. Great kitchens with patio doors that lead onto the back decks in the private fenced in yard. Better hurry to this one!

Key facts

• Side by side duplex
• Back decks
• 3,484 sq ft lot

Tags

• SIDE BY SIDE DUPLEX
• PRIVATE FENCED IN YARD
• BACK DECKS

Property features AI

Exterior

• Utilities: Municipal water; Municipal sewer
• Home design: Multi-family property; Zoning: RM7
• Construction: Less than 1/2 acre lot (approx. 0.08 acre)
• Exterior features: Aluminum/steel exterior; Aluminum siding

Interior

• Kitchen: Kitchen appliances included; Unit 2 kitchen located on main level (approx. 15 x 15)
• Bedrooms: Unit 1: 3 bedrooms; Unit 2: 3 bedrooms (master and other bedrooms on upper level; master approx. 17 x 17, second bedroom approx. 11 x 13)
• Bathrooms: Unit 1: 2 full bathrooms; Unit 2: 2 full bathrooms
• Interior features: Brick basement
• Laundry & utility: 2 gas meters

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/?-bath units multifamily listed at $412k.

Deal economics

• At list price, monthly cash flow is $237 ($3k/yr) — positive. Per door: $119/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $390k (5.2% below list).
• Recommended offer: $390k (5.2% below list) — sets the bar for 1% rule.
• Cap rate 7.0% 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 (+1.6%/yr); 143 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).
• At $3,901/mo this rent would consume 66% of the median local household income ($71k/yr) (locally 2752% 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 $3k of loan paydown is wiped out by about $12k 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

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $390,100 (5.2% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.95% ✗
• Cap rate: 6.99%
• Cash-on-cash: 2.47%
• DSCR: 1.11
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $459,810
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1509 N Astor St #1511	0.49mi	5/4.0 (-1)	3,461 (+2%)	20mo	$520,000	$150	53
524 E Glover Ave	0.65mi	6/3.0	3,192 (-6%)	6mo	$367,000	$115	50
2036 E Kenilworth Pl Unit 2205 N Summit Ave	0.52mi	6/3.0	3,752 (+10%)	6mo	$525,000	$140	50
1006 E Kewaunee St #1008	0.39mi	6/3.0	3,741 (+10%)	23mo	$506,000	$135	43
1675 N Franklin Pl #1677	0.27mi	5/4.5 (-1)	2,980 (-12%)	22mo	$665,000	$223	42
2312 N Weil St #2314	0.57mi	7/3.0 (+1)	3,172 (-7%)	14mo	$425,000	$134	41
1537 N 37th St #1539	0.67mi	6/2.0	2,967 (-13%)	1mo	$80,000	$27	38

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 · 1.56% rent growth · sell at horizon

5-year hold

• IRR: -14.0%
• Equity multiple: 0.50×
• Total profit: $-57,090
• Equity at exit: $61,369

10-year hold

• IRR: -7.7%
• Equity multiple: 0.55×
• Total profit: $-52,218
• Equity at exit: $35,587

Cash invested: $115,245 (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 53202

• Rents YoY: 1.6%
• Active inventory: 143
• Price-to-rent: 17.6×

Monthly cashflow live

• Estimated rent: $3,901 high
• Mortgage (P&I): −$2,158
• Tax est. 1.5%: −$514 /mo · $6,174/yr
• Insurance: −$171
• HOA: −$0
• Vacancy / Maint / Mgmt: −$819
• Net cashflow: $237

Break-even live

Break-even rent $3,601

Max offer price $411,590

Occupancy floor 89%

Sensitivity live

Price	-10% $522	-5% $380	+0% $237	+5% $95	+10% $-47
Rent	-10% $-71	-5% $83	+0% $237	+5% $391	+10% $546
Rate	-1.0pp $445	-0.5pp $342	base $237	+0.5pp $131	+1.0pp $22

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	—	$3,900
Total (2 units)			$3,901

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: $102,898
• Closing costs: $12,348
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2634 N Doctor M.L.K. Jr Dr Milwaukee, WI	5.0	2.5	2512	$3,700	$1.47	45d	1	1.40mi

Listing history 5 events

1. 2026-06-21
   days on market $411,590 Active 6 DOM
2. 2026-06-18
   days on market $411,590 Active 3 DOM
3. 2026-06-17
   days on market $411,590 Active 2 DOM
4. 2026-06-16
   remarks 219-char remark
5. 2026-06-16
   listed $411,590 Active 1 DOM

ⓘ 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 ≥97°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $46,812
• − Mortgage interest: −$23,055
• − Property taxes: −$6,174
• − Insurance: −$2,058
• − Repairs & maintenance: −$3,745
• − Management: −$3,745
• − Depreciation: −$11,974
• Taxable loss: −$3,939
• Est. tax savings @ 24.0%: +$945
• After-tax cash flow: $3,794/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: 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): 25,861
• Household income: $71,034
• Rent vs Own: 78.6% rent · 21.4% own
• Severe rent burden: 2752.0

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 White (75%)
• Race & ethnicity: White 75% Black 8% Two or more races 6% Hispanic / Latino 6% Asian 5%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Romanian 9% Portuguese 4% Lithuanian 2%
• Foreign-born: 10% · Canada, South Korea
• Languages at home: 89% English-only · Spanish 4% Other Indo-European 2% Other Asian/Pacific 1%

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: ▼ -133.46%
• Current HPI: 226.4316
• Rent YoY: ▲ 1.56%
• 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

-14.2% since first listed

6 events — show timeline

• 2026-06-15 Listed $411,590 METROMLS
• 2026-04-11 Listing Removed — METROMLS
• 2026-03-25 Price Changed $424,900 METROMLS
• 2025-12-10 Listed $459,900 METROMLS
• 2025-11-06 Listing Removed — METROMLS
• 2025-08-05 Listed $479,900 METROMLS