5136 N 42nd St · Milwaukee, WI 53209

$150,000

4 bd · 2.0 ba · 1,077 sqft · SingleFamily public records · 56 Days on market

Built 1947 4,791 sqft lot $139/sqft · 12% above area Est $134k · 12% over

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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 +23.7/30.0
• DSCR +7.6/10.0
• 1% rule +6.0/10.0
• Rent growth +4.7/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• ARV discount +2.2/15.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this spacious 4-bedroom, 1-bathroom single-family home nestled in the heart of Old North Milwaukee. Located just a few blocks from the scenic McGovern Park and Havenwoods State Forest, this home offers the perfect blend of urban convenience and natural beauty. Enjoy the ease of city living with bus routes within walking distance, making commuting a breeze. You'll also appreciate the off-street parking spots. This home has what you need. Don't miss your opportunity to own a comfortable home in a peaceful, tree-lined neighborhood with access to both nature and city amenities. Newer Roof and Windows installed make this home a perfect option!

Key facts

• 4,791 sq ft lot
• Garage
• Built 1947

Property features AI

Finance

• Other: Seller excludes personal property

Exterior

• Parking: Detached 1-car garage
• Utilities: Municipal water; Municipal sewer
• Home design: 1.5-story single-family home; Zoning: RS6
• Construction: Information source lists year built from assessor/public record
• Exterior features: Vinyl exterior; Lot size approximately 0.11 acres (less than 1/2 acre)

Interior

• Kitchen: Kitchen (main level) 10 x 11
• Bedrooms: Master bedroom 11 x 11 (main level); Bedroom 2 11 x 12 (main level); Bedroom 3 12 x 13 (upper level)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Natural gas fuel
• Interior features: Full basement; Living room (main level)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $285 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $146k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.6% 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 fast (+8.6%/yr); 168 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).
• This rent runs 41% of the median local income ($48k/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.
• Milwaukee County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $42k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 56 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 9 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 $110k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $145,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.10% ✓
• Cap rate: 8.58%
• Cash-on-cash: 8.16%
• DSCR: 1.36
• GRM: 7.6

CMA / ARV

• ARV (median comp): $134,264
• List price: $150,000
• Delta: 11.72%
• 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
4235 W Fairmount Ave	0.19mi	3/2.0 (-1)	1,044 (-3%)	1mo	$150,000	$144	80
4941 N Sherman Blvd	0.25mi	3/1.0 (-1)	973 (-10%)	0mo	$110,000	$113	63
4676 N 46th St	0.63mi	3/1.0 (-1)	1,066 (-1%)	0mo	$172,500	$162	60
5119 N 51st St	0.60mi	4/1.0	1,012 (-6%)	3mo	$134,500	$133	56
4644 N 38th St	0.66mi	3/1.0 (-1)	1,107 (+3%)	2mo	$41,000	$37	54
3908 W Hampton Ave	0.43mi	3/1.0 (-1)	968 (-10%)	1mo	$90,000	$93	53
5282 N 53rd St	0.72mi	3/1.0 (-1)	1,059 (-2%)	4mo	$145,000	$137	51
5267 N 48th St	0.45mi	3/1.0 (-1)	932 (-14%)	1mo	$183,000	$196	47
4631 N 37th St	0.69mi	3/1.0 (-1)	991 (-8%)	3mo	$163,900	$165	43
5003 N 51st Blvd	0.62mi	3/1.0 (-1)	934 (-13%)	0mo	$110,000	$118	40
4650 N 38th St	0.65mi	3/1.0 (-1)	1,237 (+15%)	0mo	$145,000	$117	35
4557 N 42nd St	0.72mi	3/1.0 (-1)	1,228 (+14%)	3mo	$185,000	$151	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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 1.5%
• Equity multiple: 1.06×
• Total profit: $2,604
• Equity at exit: $22,365

10-year hold

• IRR: 15.5%
• Equity multiple: 2.56×
• Total profit: $65,402
• Equity at exit: $12,969

Cash invested: $42,000 (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: 7.6×

Monthly cashflow live

• Estimated rent: $1,649 high
• Mortgage (P&I): −$787
• Tax from tax record: −$168 /mo · $2,020/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$346
• Net cashflow: $285

Break-even live

Break-even rent $1,288

Max offer price $150,000

Occupancy floor 78%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4334 W Eggert Pl Milwaukee, WI	4.0	1.0	1077	$1,695	$1.57	23d	1	0.13mi
4340 W Eggert Pl Milwaukee, WI	4.0	1.0	1066	$1,695	$1.59	23d	1	0.14mi
5165-5167 N 45th St Unit 5165 Milwaukee, WI	3.0	1.0	1020	$1,200	$1.18	17d	1	0.21mi
4610 W Eggert Pl #4612 Milwaukee, WI	3.0	1.0	852	$1,095	$1.29	23d	1	0.29mi
5073 N 48th St Milwaukee, WI	4.0	1.0	1152	$1,595	$1.38	14d	1	0.41mi
4702 N 44th St Milwaukee, WI	3.0	2.0	1050	$1,850	$1.76	43d	1	0.59mi
4727 N 46th St Milwaukee, WI	3.0	1.0	936	$1,700	$1.82	43d	1	0.61mi
4703 N 45th St Milwaukee, WI	3.0	1.0	1031	$1,695	$1.64	23d	1	0.62mi
5032 N 32nd St Milwaukee, WI	3.0	2.0	1089	$1,750	$1.61	12d	1	0.64mi
5541 N 35th St #5543 Milwaukee, WI	3.0	1.0	1130	$1,195	$1.06	4d	1	0.66mi
5696 N 42nd St Milwaukee, WI	4.0	1.0	1023	$1,495	$1.46	23d	1	0.71mi
4900 N 58th St Milwaukee, WI	3.0	1.0	1455	$1,450	$1.00	4d	1	1.05mi
5688 N 56th St Milwaukee, WI	3.0	1.0	850	$1,445	$1.70	12d	1	1.13mi
3931 W Kaul Ave Milwaukee, WI	3.0	1.0	1400	$1,695	$1.21	43d	1	1.23mi
5657 N 60th St #5659 Milwaukee, WI	3.0	1.0	878	$995	$1.13	17d	1	1.28mi
4139 N 50th St Milwaukee, WI	3.0	1.0	1275	$1,600	$1.25	43d	1	1.39mi
6221 W Thurston Ave #6223 Milwaukee, WI	3.0	1.0	800	$1,100	$1.38	19d	1	1.40mi
5830 N 61st St Milwaukee, WI	3.0	1.0	1024	$1,450	$1.42	43d	1	1.42mi

Listing history 39 events

1. 2026-06-18
   days on market $150,000 Active 56 DOM
2. 2026-06-17
   days on market $150,000 Active 55 DOM
3. 2026-06-16
   days on market $150,000 Active 54 DOM
4. 2026-06-15
   days on market $150,000 Active 53 DOM
5. 2026-06-13
   days on market $150,000 Active 51 DOM
6. 2026-06-13
   days on market $150,000 Active 50 DOM
7. 2026-06-09
   days on market $150,000 Active 47 DOM
8. 2026-06-08
   days on market $150,000 Active 46 DOM
9. 2026-06-07
   days on market $150,000 Active 45 DOM
10. 2026-06-05
    days on market $150,000 Active 42 DOM
11. 2026-06-03
    days on market $150,000 Active 41 DOM
12. 2026-06-02
    days on market $150,000 Active 40 DOM
13. 2026-06-01
    days on market $150,000 Active 39 DOM
14. 2026-05-31
    days on market $150,000 Active 38 DOM
15. 2026-04-24
    listed $150,000 Active 299-char remark
16. 2025-12-03
    soldstatus $110,000
17. 2025-07-02
    historical 657-char remark

    Show marketing remark (657 chars)

    Welcome to this spacious 4-bedroom, 1-bathroom single-family home nestled in the heart of Old North Milwaukee. Located just a few blocks from the scenic McGovern Park and Havenwoods State Forest, this home offers the perfect blend of urban convenience and natural beauty. Enjoy the ease of city living with bus routes within walking distance, making commuting a breeze. You'll also appreciate the off-street parking spots. This home has what you need. Don't miss your opportunity to own a comfortable home in a peaceful, tree-lined neighborhood with access to both nature and city amenities. Newer Roof and Windows installed make this home a perfect option!

18. 2025-06-15
    status Active 657-char remark

    Show marketing remark (657 chars)

    Welcome to this spacious 4-bedroom, 1-bathroom single-family home nestled in the heart of Old North Milwaukee. Located just a few blocks from the scenic McGovern Park and Havenwoods State Forest, this home offers the perfect blend of urban convenience and natural beauty. Enjoy the ease of city living with bus routes within walking distance, making commuting a breeze. You'll also appreciate the off-street parking spots. This home has what you need. Don't miss your opportunity to own a comfortable home in a peaceful, tree-lined neighborhood with access to both nature and city amenities. Newer Roof and Windows installed make this home a perfect option!

19. 2025-06-15
    status Pending 657-char remark

    Show marketing remark (657 chars)

    Welcome to this spacious 4-bedroom, 1-bathroom single-family home nestled in the heart of Old North Milwaukee. Located just a few blocks from the scenic McGovern Park and Havenwoods State Forest, this home offers the perfect blend of urban convenience and natural beauty. Enjoy the ease of city living with bus routes within walking distance, making commuting a breeze. You'll also appreciate the off-street parking spots. This home has what you need. Don't miss your opportunity to own a comfortable home in a peaceful, tree-lined neighborhood with access to both nature and city amenities. Newer Roof and Windows installed make this home a perfect option!

20. 2025-06-13
    listed $125,000 Active 657-char remark

    Show marketing remark (657 chars)

    Welcome to this spacious 4-bedroom, 1-bathroom single-family home nestled in the heart of Old North Milwaukee. Located just a few blocks from the scenic McGovern Park and Havenwoods State Forest, this home offers the perfect blend of urban convenience and natural beauty. Enjoy the ease of city living with bus routes within walking distance, making commuting a breeze. You'll also appreciate the off-street parking spots. This home has what you need. Don't miss your opportunity to own a comfortable home in a peaceful, tree-lined neighborhood with access to both nature and city amenities. Newer Roof and Windows installed make this home a perfect option!

21. 2024-09-28
    historical $1,498
22. 2024-09-24
    listed $1,498
23. 2022-08-01
    price $1,195
24. 2020-10-15
    soldstatus $72,000
25. 2020-10-12
    soldstatus $72,000 Sold

    Show marketing remark (346 chars)

    Turn-key investment property available performing at better than the 1% rule is ready to add to your investment portfolio! Currently rented at $1200/month. This is a prime opportunity to create immediate cash flow. This property has strong tenant, low maintenance, and is prime for a new owner. Pictures are from seller prior to tenant occupancy.

26. 2020-09-22
    status Pending

    Show marketing remark (346 chars)

    Turn-key investment property available performing at better than the 1% rule is ready to add to your investment portfolio! Currently rented at $1200/month. This is a prime opportunity to create immediate cash flow. This property has strong tenant, low maintenance, and is prime for a new owner. Pictures are from seller prior to tenant occupancy.

27. 2020-08-16
    historical Contingent

    Show marketing remark (346 chars)

    Turn-key investment property available performing at better than the 1% rule is ready to add to your investment portfolio! Currently rented at $1200/month. This is a prime opportunity to create immediate cash flow. This property has strong tenant, low maintenance, and is prime for a new owner. Pictures are from seller prior to tenant occupancy.

28. 2020-08-14
    status Active

    Show marketing remark (346 chars)

    Turn-key investment property available performing at better than the 1% rule is ready to add to your investment portfolio! Currently rented at $1200/month. This is a prime opportunity to create immediate cash flow. This property has strong tenant, low maintenance, and is prime for a new owner. Pictures are from seller prior to tenant occupancy.

29. 2020-07-14
    historical Contingent

    Show marketing remark (346 chars)

    Turn-key investment property available performing at better than the 1% rule is ready to add to your investment portfolio! Currently rented at $1200/month. This is a prime opportunity to create immediate cash flow. This property has strong tenant, low maintenance, and is prime for a new owner. Pictures are from seller prior to tenant occupancy.

30. 2020-07-13
    status Active

    Show marketing remark (346 chars)

    Turn-key investment property available performing at better than the 1% rule is ready to add to your investment portfolio! Currently rented at $1200/month. This is a prime opportunity to create immediate cash flow. This property has strong tenant, low maintenance, and is prime for a new owner. Pictures are from seller prior to tenant occupancy.

31. 2020-07-10
    historical Contingent

    Show marketing remark (346 chars)

    Turn-key investment property available performing at better than the 1% rule is ready to add to your investment portfolio! Currently rented at $1200/month. This is a prime opportunity to create immediate cash flow. This property has strong tenant, low maintenance, and is prime for a new owner. Pictures are from seller prior to tenant occupancy.

32. 2020-04-02
    listed $72,000 Active

    Show marketing remark (346 chars)

    Turn-key investment property available performing at better than the 1% rule is ready to add to your investment portfolio! Currently rented at $1200/month. This is a prime opportunity to create immediate cash flow. This property has strong tenant, low maintenance, and is prime for a new owner. Pictures are from seller prior to tenant occupancy.

33. 2017-07-31
    historical
34. 2017-05-27
    listed $49,900 Active
35. 2013-01-19
    historical
36. 2013-01-19
    listed $26,500
37. 2008-09-29
    soldstatus $23,850
38. 1996-05-21
    soldstatus $38,000
39. 1995-12-01
    soldstatus $38,000

ⓘ 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: $2,020 · $168/mo
• Projected year-2 tax: $2,397 · $200/mo
• Expected delta: +$378/yr (+$31/mo · 18.7%)

ⓘ 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: $19,791
• − Mortgage interest: −$8,402
• − Property taxes: −$2,020
• − Insurance: −$750
• − Repairs & maintenance: −$1,583
• − Management: −$1,583
• − Depreciation: −$4,364
• Taxable income: $1,089
• Est. tax owed @ 24.0%: −$261
• After-tax cash flow: $3,164/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

+294.7% since first listed

25 events — show timeline

• 2026-04-24 Listed $150,000 METROMLS
• 2025-12-03 Sold (Public Records) $110,000 Public Records
• 2025-07-02 Listing Removed — METROMLS
• 2025-06-15 Relisted — METROMLS
• 2025-06-15 Pending — METROMLS
• 2025-06-13 Listed $125,000 METROMLS
• 2024-09-28 Rental Removed $1,498 SHOWMOJO
• 2024-09-24 Listed for Rent $1,498 SHOWMOJO
• 2022-08-01 Price Changed $1,195 RENT.
• 2020-10-15 Sold (Public Records) $72,000 Public Records
• 2020-10-12 Sold (MLS) $72,000 METROMLS
• 2020-09-22 Pending — METROMLS
• 2020-08-16 Contingent — METROMLS
• 2020-08-14 Relisted — METROMLS
• 2020-07-14 Contingent — METROMLS
• 2020-07-13 Relisted — METROMLS
• 2020-07-10 Contingent — METROMLS
• 2020-04-02 Listed $72,000 METROMLS
• 2017-07-31 Listing Removed — METROMLS
• 2017-05-27 Listed $49,900 METROMLS
• 2013-01-19 Listed $26,500 METROMLS
• 2013-01-19 Listing Removed — METROMLS
• 2008-09-29 Sold (MLS) $23,850 METROMLS
• 1996-05-21 Sold (Public Records) $38,000 Public Records
• 1995-12-01 Sold (Public Records) $38,000 Public Records

Property tax history

-3.9%/yr

Latest (2024): $2,020 · +13.8% YoY. Source: county tax records.