5734 N 37th St · Milwaukee, WI 53209

$114,900

1 bd · 1.0 ba · 492 sqft · SingleFamily public records · 13 Days on market

Built 1925 4,791 sqft lot

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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 +14.1/30.0
• ARV discount +7.5/15.0
• Rent growth +4.7/5.0
• DSCR +4.3/10.0
• Livability +4.0/5.0
• 1% rule +3.9/10.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great opportunity for first-time homeowner or investor! This move-in ready home has incredible amounts of closet storage space throughout. Two spacious Bedrooms upstairs, one with WIC. Extra-large Kitchen with adjacent Dinette provides loads of cabinets and counter space. Door off Dinette leads to convenient backyard deck. Half Bath in lower level. See it today!

Key facts

• 4,791 sq ft lot
• Built 1925
• Listed 13 days

Property features AI

Finance

• HOA & community: No yearly HOA fee listed

Exterior

• Utilities: Municipal water; Municipal sewer; Natural gas
• Home design: 1.5-story single-family home; Estimated size: 1,001–1,250 sq ft; Lot under 1/2 acre (approx. 0.11 acre); Zoning: RS6; Subdivision: Thurston Woods
• Construction: Year built: assessor/public record
• Exterior features: Deck; Other exterior features

Interior

• Kitchen: Dishwasher; Oven; Range; Refrigerator
• Bedrooms: Master bedroom (upper) — 16 x 13; Bedroom 2 (upper) — 19 x 9
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heat; Central air
• Interior features: Basement: Other (see remarks); Central air
• Laundry & utility: Natural gas heating

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $17 ($202/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $103k (10.6% below list).
• Recommended offer: $103k (10.6% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 5.1% in Milwaukee — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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 fast (+8.6%/yr); 168 active listings in the ZIP; 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $794 of loan paydown is wiped out by about $3k 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 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 13y ago 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.
• Current owner paid $60k; list at $115k implies a 92% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $102,751 (10.6% below list)

Questions for the listing agent

1. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.89% ✗
• Cap rate: 6.47%
• Cash-on-cash: 0.63%
• DSCR: 1.03
• GRM: 9.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -9.8%
• Equity multiple: 0.62×
• Total profit: $-12,098
• Equity at exit: $17,132

10-year hold

• IRR: 5.4%
• Equity multiple: 1.49×
• Total profit: $15,629
• Equity at exit: $9,934

Cash invested: $32,172 (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 53209

• Rents YoY: 8.6%
• Active inventory: 168
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,028 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$144 /mo · $1,733/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $17

Break-even live

Break-even rent $1,006

Max offer price $114,900

Occupancy floor 93%

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-04-30
   status Pending
2. 2026-04-17
   listed $114,900 Active
3. 2021-07-19
   soldstatus $60,000
4. 2021-07-08
   soldstatus $60,000 Sold 365-char remark

   Show marketing remark (365 chars)

   Great opportunity for first-time homeowner or investor! This move-in ready home has incredible amounts of closet storage space throughout. Two spacious Bedrooms upstairs, one with WIC. Extra-large Kitchen with adjacent Dinette provides loads of cabinets and counter space. Door off Dinette leads to convenient backyard deck. Half Bath in lower level. See it today!

5. 2021-05-09
   historical Contingent 365-char remark

   Show marketing remark (365 chars)

   Great opportunity for first-time homeowner or investor! This move-in ready home has incredible amounts of closet storage space throughout. Two spacious Bedrooms upstairs, one with WIC. Extra-large Kitchen with adjacent Dinette provides loads of cabinets and counter space. Door off Dinette leads to convenient backyard deck. Half Bath in lower level. See it today!

6. 2021-05-05
   listed $59,900 Active 365-char remark

   Show marketing remark (365 chars)

   Great opportunity for first-time homeowner or investor! This move-in ready home has incredible amounts of closet storage space throughout. Two spacious Bedrooms upstairs, one with WIC. Extra-large Kitchen with adjacent Dinette provides loads of cabinets and counter space. Door off Dinette leads to convenient backyard deck. Half Bath in lower level. See it today!

7. 2013-02-09
   historical 510-char remark

   Show marketing remark (510 chars)

   Once a single story home, now a beautiful cape cod! Feels like new, completely remodeled and expanded inside and out. Gleaming HWFs welcome you into the Living Room. Spacious updated Kitchen has all new cabinets, countertops, flooring & fixtures. First Floor Bath was added during the remodel. Upper level contains 2 large bedrooms. Lower level has a half bath. All new windows. Deck off of the dinette; shed for tools and space to build a garage are available. Make this your "New" home today!

8. 2013-02-09
   listed $59,900 510-char remark

   Show marketing remark (510 chars)

   Once a single story home, now a beautiful cape cod! Feels like new, completely remodeled and expanded inside and out. Gleaming HWFs welcome you into the Living Room. Spacious updated Kitchen has all new cabinets, countertops, flooring & fixtures. First Floor Bath was added during the remodel. Upper level contains 2 large bedrooms. Lower level has a half bath. All new windows. Deck off of the dinette; shed for tools and space to build a garage are available. Make this your "New" home today!

9. 2013-01-18
   listed $19,900
10. 2013-01-18
    historical
11. 2008-08-28
    soldstatus $10,000

ⓘ 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: $1,733 · $144/mo
• Projected year-2 tax: $1,929 · $161/mo
• Expected delta: +$196/yr (+$16/mo · 11.3%)

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

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: $12,330
• − Mortgage interest: −$6,436
• − Property taxes: −$1,733
• − Insurance: −$574
• − Repairs & maintenance: −$986
• − Management: −$986
• − Depreciation: −$3,343
• Taxable loss: −$1,729
• Est. tax savings @ 24.0%: +$415
• After-tax cash flow: $617/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): 45,170
• Household income: $48,486
• Rent vs Own: 56.2% rent · 43.8% own
• Severe rent burden: 3390.0

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 (66%)
• Race & ethnicity: Black 66% White 22% Hispanic / Latino 5% Two or more races 5% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 3% Portuguese 1% Iranian 1%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 4% Other Asian/Pacific 1% Russian/Polish/Slavic 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: ▼ -194.98%
• Current HPI: 172.4275
• Rent YoY: ▲ 8.61%
• 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

+1049.0% since first listed

11 events — show timeline

• 2026-04-30 Pending — METROMLS
• 2026-04-17 Listed $114,900 METROMLS
• 2021-07-19 Sold (Public Records) $60,000 Public Records
• 2021-07-08 Sold (MLS) $60,000 METROMLS
• 2021-05-09 Contingent — METROMLS
• 2021-05-05 Listed $59,900 METROMLS
• 2013-02-09 Listed $59,900 METROMLS
• 2013-02-09 Listing Removed — METROMLS
• 2013-01-18 Listing Removed — METROMLS
• 2013-01-18 Listed $19,900 METROMLS
• 2008-08-28 Sold (MLS) $10,000 METROMLS

Property tax history

-3.0%/yr

Latest (2024): $1,733 · +4.8% YoY. Source: county tax records.