4413 N 64th St · Milwaukee, WI 53218

$195,000

6 bd · 2.0 ba · 2,128 sqft · MultiFamily · 2 Days on market

Built 1956 Fair condition 5,662 sqft lot $92/sqft · 14% below area Est $228k · 14% 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 +14.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.9/10.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• Condition / age +2.2/5.0
• 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

Aesthetically pleasing large 6/2 duplex bursting with potential. House hack/owner occupant friendly, with both tenants being MTM. Opportunity to raise rents, and improve property. Make this oversized duplex yours to come as the asset appreciates over the years!

Key facts

• 5,662 sq ft lot
• 2 garage spots
• Built 1956

Property features AI

Finance

• Other: Property type: Multi-family (duplex); Two units total

Exterior

• Parking: Detached 2-car garage (2 garage parking spaces total)
• Utilities: Municipal water; Municipal sewer; Separate electric and gas meters for the two units
• Home design: 2-story duplex (multi-family property); Estimated size range: 1,001–1,250 sq ft per unit
• Construction: Combination of aluminum/steel and brick construction; Foundation details not provided; Year built from public record (assessor)
• Exterior features: Aluminum/steel and brick exterior materials; Lot is approximately 0.13 acre (less than 1/2 acre); Zoned residential

Interior

• Kitchen: Each unit includes a kitchen; Two refrigerators and two stoves included
• Bedrooms: Each unit has 3 bedrooms (Unit 2 bedrooms located on the upper level; master and bedroom 2 listed as upper level)
• Bathrooms: Each unit has 1 full bathroom
• Interior features: Full basement with block construction
• Laundry & utility: Two electric meters; Two gas meters

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.0-bath units multifamily listed at $195k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $945 ($11k/yr) — positive. Per door: $472/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $195k).
• Cap rate 12.1% 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 (+5.3%/yr); 152 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 $2,902/mo this rent would consume 76% of the median local household income ($46k/yr) (locally 2421% 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 $1k of loan paydown is wiped out by about $6k 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 + 5.3% rent growth), your $55k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $195,000

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. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
4. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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: 1.49% ✓
• Cap rate: 12.11%
• Cash-on-cash: 20.77%
• DSCR: 1.92
• GRM: 5.6

CMA / ARV

• ARV (median comp): $227,742
• List price: $195,000
• Delta: -12.23%
• 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
4441 N 62nd St #4443	0.13mi	6/2.0	2,290 (+8%)	7mo	$250,000	$109	75
6236 W Medford Ave	0.18mi	6/2.0	2,246 (+6%)	10mo	$244,869	$109	74
6221 W Leon Ter #6223	0.31mi	6/2.5	2,111 (-1%)	20mo	$230,000	$109	66
4250 N 75th St #4252	0.69mi	6/2.0	2,227 (+5%)	7mo	$260,000	$117	54
4908 N 60th St Unit 4908A	0.71mi	5/2.0 (-1)	2,112 (-1%)	10mo	$60,000	$28	52
4354 N 72nd St Unit 4354A	0.48mi	5/2.0 (-1)	1,911 (-10%)	9mo	$157,500	$82	48
7449 W Beckett Ave	0.74mi	6/2.0	2,119 (-0%)	21mo	$239,900	$113	48
7208 W Hampton Ave	0.73mi	6/2.0	2,227 (+5%)	14mo	$210,000	$94	46
7029 W Hampton Ave #7031	0.64mi	6/3.0	1,988 (-7%)	15mo	$40,000	$20	43
7010 W Hampton Ave #7012	0.65mi	6/2.0	1,988 (-7%)	20mo	$224,000	$113	42
4074 N 69th St #4076	0.50mi	6/2.0	2,431 (+14%)	16mo	$240,000	$99	40
4021 N 70th St #4023	0.62mi	6/2.0	2,424 (+14%)	14mo	$255,900	$106	36

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 · 5.29% rent growth · sell at horizon

5-year hold

• IRR: 15.7%
• Equity multiple: 1.65×
• Total profit: $35,471
• Equity at exit: $29,075

10-year hold

• IRR: 26.0%
• Equity multiple: 3.53×
• Total profit: $137,977
• Equity at exit: $16,860

Cash invested: $54,600 (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 53218

• Home prices YoY: -19.0%
• Rents YoY: 5.3%
• Active inventory: 152
• Price-to-rent: 11.2×

Monthly cashflow live

• Estimated rent: $2,902 high
• Mortgage (P&I): −$1,023
• Tax est. 1.5%: −$244 /mo · $2,925/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$609
• Net cashflow: $945

Break-even live

Break-even rent $1,706

Max offer price $195,000

Occupancy floor 62%

Sensitivity live

Price	-10% $1,080	-5% $1,012	+0% $945	+5% $878	+10% $810
Rent	-10% $716	-5% $830	+0% $945	+5% $1,060	+10% $1,174
Rate	-1.0pp $1,043	-0.5pp $995	base $945	+0.5pp $894	+1.0pp $843

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$2,902
Total (2 units)			$2,902

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5268 N 64th St Milwaukee, WI	5.0	1.0	1672	$1,850	$1.11	12d	1	1.08mi

Listing history 16 events

1. 2026-06-21
   pricedays on marketlisting id $195,000 Active 2 DOM
2. 2026-06-18
   days on market $199,900 Active 35 DOM
3. 2026-06-17
   days on market $199,900 Active 34 DOM
4. 2026-06-16
   days on market $199,900 Active 33 DOM
5. 2026-06-15
   days on market $199,900 Active 32 DOM
6. 2026-06-13
   days on market $199,900 Active 30 DOM
7. 2026-06-13
   days on market $199,900 Active 29 DOM
8. 2026-06-09
   days on market $199,900 Active 26 DOM
9. 2026-06-08
   days on market $199,900 Active 25 DOM
10. 2026-06-07
    days on market $199,900 Active 24 DOM
11. 2026-06-05
    days on market $199,900 Active 21 DOM
12. 2026-06-03
    days on market $199,900 Active 20 DOM
13. 2026-06-02
    days on market $199,900 Active 19 DOM
14. 2026-06-01
    days on market $199,900 Active 18 DOM
15. 2026-05-31
    days on market $199,900 Active 17 DOM
16. 2026-05-14
    listed $199,900 Active 261-char remark

ⓘ 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 ≥100°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: $34,824
• − Mortgage interest: −$10,923
• − Property taxes: −$2,925
• − Insurance: −$975
• − Repairs & maintenance: −$2,786
• − Management: −$2,786
• − Depreciation: −$5,673
• Taxable income: $8,756
• Est. tax owed @ 24.0%: −$2,102
• After-tax cash flow: $9,238/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.

Condition & rehab AI · 4 photos

Fair 45/100 Moderate rehab

This 6/2 duplex requires moderate rehabilitation, focusing on landscaping, exterior maintenance, and interior updates to improve its curb appeal and increase its resale and rental value.

Repairs flagged

• Major Landscaping — Overgrown vegetation and unkempt lawn need significant attention.
• Moderate Exterior siding — Siding appears aged and may need repainting or replacement.
• Minor Flooring — Worn flooring may need minor repairs or replacement.
• Minor Paint — Faded paint may need touch-ups or repainting.
• Minor Windows — Some windows may need cleaning or minor repairs.
• Minor HVAC/mechanicals — May need servicing to ensure proper functioning.
• Major Landscaping — Overgrown vegetation and unkempt lawn need significant attention.

Value-add opportunities

• Both Landscaping and exterior maintenance — Improved curb appeal and increased property value.
• Both Interior painting — Fresh paint can make the interior look more inviting and increase property value.
• Both HVAC maintenance — A well-maintained HVAC system can improve comfort and energy efficiency, increasing property value.
• Both Flooring replacement — New flooring can improve the appearance and functionality of the home, increasing property value.
• Both Window cleaning — Clean windows can make the home look more inviting and increase property value.
• Both Exterior siding repair or repainting — A fresh coat of paint or repair can improve the home's appearance and increase property value.
• Both Landscaping and exterior maintenance — Improved curb appeal and increased property value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Landscaping · Overgrown vegetation and unkempt lawn need significant attention.	Major	$15,000–50,000
Exterior siding · Siding appears aged and may need repainting or replacement.	Moderate	$3,000–15,000
Flooring · Worn flooring may need minor repairs or replacement.	Minor	$500–3,000
Paint · Faded paint may need touch-ups or repainting.	Minor	$500–3,000
Windows · Some windows may need cleaning or minor repairs.	Minor	$500–3,000
HVAC/mechanicals · May need servicing to ensure proper functioning.	Minor	$500–3,000
Landscaping · Overgrown vegetation and unkempt lawn need significant attention.	Major	$15,000–50,000
Total estimated repair cost · 7 items		$35,000–127,000

Value-add ROI direction

• Both Landscaping and exterior maintenance — Improved curb appeal and increased property value. ↑
• Both Interior painting — Fresh paint can make the interior look more inviting and increase property value. ↑
• Both HVAC maintenance — A well-maintained HVAC system can improve comfort and energy efficiency, increasing property value. ↑
• Both Flooring replacement — New flooring can improve the appearance and functionality of the home, increasing property value. ↑
• Both Window cleaning — Clean windows can make the home look more inviting and increase property value. ↑
• Both Exterior siding repair or repainting — A fresh coat of paint or repair can improve the home's appearance and increase property value. ↑
• Both Landscaping and exterior maintenance — Improved curb appeal and increased property value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 41,196
• Household income: $45,642
• Rent vs Own: 57.1% rent · 42.9% own
• Severe rent burden: 2421.0

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 (72%)
• Race & ethnicity: Black 72% Asian 10% White 10% Hispanic / Latino 5% Two or more races 3%
• Common ancestry: Romanian 1% Lithuanian 1%
• Foreign-born: 6% · Philippines, Canada
• Languages at home: 89% English-only · Other Asian/Pacific 7% Spanish 3%

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: ▼ -76.44%
• Current HPI: 325.1975
• Rent YoY: ▲ 5.29%
• 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

1 event — show timeline

• 2026-05-14 Listed $199,900 METROMLS