4911 Sheridan Rd · Kenosha, WI 53140

$149,900

4 bd · 1.0 ba · 1,135 sqft · SingleFamily public records · 26 Days on market

Built 1873 4,356 sqft lot $132/sqft · 34% below area Est $227k · 34% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• Livability +4.2/5.0
• Rent growth +4.0/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this four-bedroom home offering a functional layout and plenty of potential. The property features a cozy living room, a spacious dining area, and a kitchen conveniently separated from the dining space. Four bedrooms provide privacy throughout the home, and a deep one-car garage offers ample storage or workspace. The home is in need of TLC and is being sold as-is, presenting an opportunity for buyers to update and customize.

Key facts

• 4,356 sq ft lot
• Garage
• Built 1873

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $604 ($7k/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: $148k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.1% 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: Rents rising fast (+6.0%/yr); 43 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 42% of the median local income ($58k/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 + 6.0% rent growth), your $42k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 8 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 $68k; list at $150k implies a 120% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1873 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $147,651 (1.5% below list)

Questions for the listing agent

1. Built in 1873 — 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 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?
4. 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.
5. 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.
6. 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: 1.34% ✓
• Cap rate: 11.13%
• Cash-on-cash: 17.27%
• DSCR: 1.77
• GRM: 6.2

CMA / ARV

• ARV (median comp): $226,821
• List price: $149,900
• Delta: -33.91%
• 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
4911 Sheridan Rd	0.00mi	4/1.0	1,135 (0%)	0mo	$120,000	$106	100
4810 16th Ave	0.34mi	3/2.0 (-1)	1,144 (+1%)	2mo	$285,000	$249	72
923 47th St	0.15mi	3/1.5 (-1)	1,231 (+8%)	10mo	$160,000	$130	64
4048 10th Ave	0.56mi	3/1.0 (-1)	1,183 (+4%)	8mo	$215,000	$182	55
1005 44th St	0.33mi	4/2.0	1,272 (+12%)	12mo	$220,000	$173	50
2000 42nd St	0.73mi	3/1.0 (-1)	1,100 (-3%)	9mo	$215,000	$195	48
4517 18th Ave	0.47mi	3/1.5 (-1)	1,243 (+10%)	9mo	$197,500	$159	48
711 40th St	0.64mi	3/1.0 (-1)	1,243 (+10%)	6mo	$245,000	$197	44
4005 14th Ave	0.67mi	3/1.0 (-1)	1,254 (+10%)	3mo	$200,000	$159	44
4813 23rd Ave	0.72mi	3/1.5 (-1)	1,078 (-5%)	10mo	$239,000	$222	43
1922 45th St	0.59mi	3/1.0 (-1)	1,001 (-12%)	11mo	$135,000	$135	38
3834 Sheridan Rd	0.70mi	4/1.0	1,303 (+15%)	10mo	$240,000	$184	34

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 · 5.98% rent growth · sell at horizon

5-year hold

• IRR: 11.8%
• Equity multiple: 1.49×
• Total profit: $20,395
• Equity at exit: $22,351

10-year hold

• IRR: 23.0%
• Equity multiple: 3.25×
• Total profit: $94,391
• Equity at exit: $12,961

Cash invested: $41,972 (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 53140

• Rents YoY: 6.0%
• Active inventory: 43
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $2,011 high
• Mortgage (P&I): −$786
• Tax from tax record: −$136 /mo · $1,634/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$422
• Net cashflow: $604

Break-even live

Break-even rent $1,247

Max offer price $149,900

Occupancy floor 65%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1108 61st St Unit 1110 Upper Kenosha, WI	3.0	1.0	869	$1,345	$1.55	7d	1	0.78mi
5807 20th Ave Unit 2 Kenosha, WI	3.0	1.0	1064	$2,400	$2.26	18d	1	0.82mi
5432 23rd Ave Kenosha, WI	4.0	2.0	1400	$1,695	$1.21	3d	1	0.83mi
1809 60th St Kenosha, WI	3.0	1.0	1100	$1,500	$1.36	43d	1	0.85mi
2708 48th St Kenosha, WI	4.0	2.0	1200	$2,500	$2.08	22d	1	1.01mi
3323 14th Ave Kenosha, WI	3.0	1.0	1008	$1,395	$1.38	24d	1	1.14mi
4048 29th Ave Kenosha, WI	3.0	1.0	980	$2,375	$2.42	43d	1	1.25mi
6703 16th Ave Kenosha, WI	3.0	1.0	864	$1,675	$1.94	18d	1	1.27mi
4802 34th Ave Kenosha, WI	3.0	1.0	905	$1,750	$1.93	43d	1	1.41mi

Listing history 26 events

1. 2026-05-05
   status Pending 439-char remark

   Show marketing remark (439 chars)

   Welcome to this four-bedroom home offering a functional layout and plenty of potential. The property features a cozy living room, a spacious dining area, and a kitchen conveniently separated from the dining space. Four bedrooms provide privacy throughout the home, and a deep one-car garage offers ample storage or workspace. The home is in need of TLC and is being sold as-is, presenting an opportunity for buyers to update and customize.

2. 2026-04-08
   listed $149,900 Active 439-char remark

   Show marketing remark (439 chars)

   Welcome to this four-bedroom home offering a functional layout and plenty of potential. The property features a cozy living room, a spacious dining area, and a kitchen conveniently separated from the dining space. Four bedrooms provide privacy throughout the home, and a deep one-car garage offers ample storage or workspace. The home is in need of TLC and is being sold as-is, presenting an opportunity for buyers to update and customize.

3. 2026-04-03
   historical 439-char remark

   Show marketing remark (439 chars)

   Welcome to this four-bedroom home offering a functional layout and plenty of potential. The property features a cozy living room, a spacious dining area, and a kitchen conveniently separated from the dining space. Four bedrooms provide privacy throughout the home, and a deep one-car garage offers ample storage or workspace. The home is in need of TLC and is being sold as-is, presenting an opportunity for buyers to update and customize.

4. 2026-03-30
   historical Contingent 439-char remark

   Show marketing remark (439 chars)

   Welcome to this four-bedroom home offering a functional layout and plenty of potential. The property features a cozy living room, a spacious dining area, and a kitchen conveniently separated from the dining space. Four bedrooms provide privacy throughout the home, and a deep one-car garage offers ample storage or workspace. The home is in need of TLC and is being sold as-is, presenting an opportunity for buyers to update and customize.

5. 2026-03-25
   price $149,900 439-char remark

   Show marketing remark (439 chars)

   Welcome to this four-bedroom home offering a functional layout and plenty of potential. The property features a cozy living room, a spacious dining area, and a kitchen conveniently separated from the dining space. Four bedrooms provide privacy throughout the home, and a deep one-car garage offers ample storage or workspace. The home is in need of TLC and is being sold as-is, presenting an opportunity for buyers to update and customize.

6. 2026-02-21
   status Active 439-char remark

   Show marketing remark (439 chars)

   Welcome to this four-bedroom home offering a functional layout and plenty of potential. The property features a cozy living room, a spacious dining area, and a kitchen conveniently separated from the dining space. Four bedrooms provide privacy throughout the home, and a deep one-car garage offers ample storage or workspace. The home is in need of TLC and is being sold as-is, presenting an opportunity for buyers to update and customize.

7. 2026-02-11
   status Pending 439-char remark

   Show marketing remark (439 chars)

   Welcome to this four-bedroom home offering a functional layout and plenty of potential. The property features a cozy living room, a spacious dining area, and a kitchen conveniently separated from the dining space. Four bedrooms provide privacy throughout the home, and a deep one-car garage offers ample storage or workspace. The home is in need of TLC and is being sold as-is, presenting an opportunity for buyers to update and customize.

8. 2026-01-31
   price $159,900 439-char remark

   Show marketing remark (439 chars)

   Welcome to this four-bedroom home offering a functional layout and plenty of potential. The property features a cozy living room, a spacious dining area, and a kitchen conveniently separated from the dining space. Four bedrooms provide privacy throughout the home, and a deep one-car garage offers ample storage or workspace. The home is in need of TLC and is being sold as-is, presenting an opportunity for buyers to update and customize.

9. 2026-01-02
   listed $169,900 Active 439-char remark

   Show marketing remark (439 chars)

   Welcome to this four-bedroom home offering a functional layout and plenty of potential. The property features a cozy living room, a spacious dining area, and a kitchen conveniently separated from the dining space. Four bedrooms provide privacy throughout the home, and a deep one-car garage offers ample storage or workspace. The home is in need of TLC and is being sold as-is, presenting an opportunity for buyers to update and customize.

10. 2021-09-13
    soldstatus $68,000
11. 2021-09-10
    soldstatus $68,000 Sold
12. 2021-08-12
    status Pending
13. 2021-07-30
    price $74,000
14. 2021-07-16
    listed $79,000 Active
15. 2013-09-20
    listed $24,900
16. 2013-09-20
    historical
17. 2013-06-25
    soldstatus $22,000
18. 2013-02-15
    listed $85,900
19. 2013-02-15
    historical
20. 2013-02-09
    listed $39,900
21. 2013-02-09
    historical
22. 2013-01-13
    historical
23. 2013-01-13
    listed $99,900
24. 2008-05-22
    soldstatus $85,000
25. 2008-05-19
    soldstatus $85,000
26. 2008-01-29
    soldstatus $55,000

ⓘ 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: $1,634 · $136/mo
• Projected year-2 tax: $2,204 · $184/mo
• Expected delta: +$569/yr (+$47/mo · 34.8%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% 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
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,134
• − Mortgage interest: −$8,397
• − Property taxes: −$1,634
• − Insurance: −$750
• − Repairs & maintenance: −$1,931
• − Management: −$1,931
• − Depreciation: −$4,361
• Taxable income: $5,132
• Est. tax owed @ 24.0%: −$1,232
• After-tax cash flow: $6,018/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): 30,238
• Household income: $58,006
• Rent vs Own: 47.7% rent · 52.3% own
• Severe rent burden: 1576.0

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: Predominantly White (66%)
• Race & ethnicity: White 66% Hispanic / Latino 19% Two or more races 14% Black 9% Asian 2%
• Hispanic origin (detail): Mexican 14% Puerto Rican 2%
• Common ancestry: Romanian 7% Lithuanian 3% Portuguese 3%
• Foreign-born: 10% · Canada
• Languages at home: 83% English-only · Spanish 12% Other Indo-European 3% Other Asian/Pacific 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: ▼ -187.92%
• Current HPI: 235.0929
• Rent YoY: ▲ 5.98%
• 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

+172.5% since first listed

26 events — show timeline

• 2026-05-05 Pending — METROMLS
• 2026-04-08 Listed $149,900 METROMLS
• 2026-04-03 Listing Removed — METROMLS
• 2026-03-30 Contingent — METROMLS
• 2026-03-25 Price Changed $149,900 METROMLS
• 2026-02-21 Relisted — METROMLS
• 2026-02-11 Pending — METROMLS
• 2026-01-31 Price Changed $159,900 METROMLS
• 2026-01-02 Listed $169,900 METROMLS
• 2021-09-13 Sold (Public Records) $68,000 Public Records
• 2021-09-10 Sold (MLS) $68,000 METROMLS
• 2021-08-12 Pending — METROMLS
• 2021-07-30 Price Changed $74,000 METROMLS
• 2021-07-16 Listed $79,000 METROMLS
• 2013-09-20 Listing Removed — METROMLS
• 2013-09-20 Listed $24,900 METROMLS
• 2013-06-25 Sold (MLS) $22,000 METROMLS
• 2013-02-15 Listing Removed — METROMLS
• 2013-02-15 Listed $85,900 METROMLS
• 2013-02-09 Listing Removed — METROMLS
• 2013-02-09 Listed $39,900 METROMLS
• 2013-01-13 Listed $99,900 METROMLS
• 2013-01-13 Listing Removed — METROMLS
• 2008-05-22 Sold (Public Records) $85,000 Public Records
• 2008-05-19 Sold (MLS) $85,000 METROMLS
• 2008-01-29 Sold (MLS) $55,000 METROMLS

Property tax history

-1.9%/yr

Latest (2025): $1,634 · +5.6% YoY. Source: county tax records.