4012 Taft Rd · Kenosha, WI 53142

$349,900

3 bd · 2.0 ba · 1,704 sqft · MultiFamily public records · 1 Days on market

Built 1942 6,098 sqft lot Est $235k · 49% over

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Why this score? — see what drove the F 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 +12.7/30.0
• Livability +4.2/5.0
• DSCR +3.8/10.0
• Rent growth +3.5/5.0
• 1% rule +3.1/10.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• 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 won't find a cleaner, better kept 2 family for anywhere near this price!2nd owner, many updates, was owner & family occupied for 20+ years.

Key facts

• Office den space
• Rec room
• Handicap accessible

Tags

• FINISHED LAUNDRY AREA
• REC ROOM
• OFFICE DEN SPACE
• STORAGE CLOSETS
• SMALL PATIO AREA
• HANDICAP ACCESSIBLE

Property features AI

Finance

• Other: Listing includes 1 refrigerator, 1 stove, 1 dishwasher, 1 microwave, 1 washer and 1 dryer; lower unit refrigerator and stove belong to tenant

Exterior

• Parking: Attached 2-car garage with opener (2 garage parking spaces total)
• Utilities: Municipal water; Municipal sewer; 1 electric meter; 1 gas meter
• Home design: 2-story duplex; Multi-family property; Zoning: RS3
• Construction: Information sourced from assessor/public record
• Exterior features: Vinyl exterior; Lot about 0.14 acres (less than 1/2 acre)

Interior

• Kitchen: Unit 2 kitchen on upper level (approx. 13 x 11); Refrigerators, stoves, dishwasher, microwave included (see exclusions for lower unit appliances)
• Bedrooms: Unit 1: 2 bedrooms; Unit 2: 1 bedroom (master on upper level, approx. 12 x 10)
• Bathrooms: Unit 1: 1 full bath and 1 half bath; Unit 2: 1 full bath; Half bath on lower level
• Interior features: Full basement
• Laundry & utility: Washer and dryer included

What this means for you Summary

Snapshot

• This is a 1×2.0bd/1.0ba + 1×1.0bd/1.0ba units multifamily listed at $350k.

Deal economics

• At list price, monthly cash flow is $-38 ($-453/yr) — negative. Per door: $-19/mo.
• To cash-flow at today's rent, offer at most $343k (1.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $282k (19.4% below list).
• Recommended offer: $282k (19.4% below list) — sets the bar for 1% rule.
• Cap rate 6.2% 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 (+4.1%/yr); 67 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 259 units permitted in Kenosha County in 2024 (8 in 5+ unit buildings).
• This rent runs 38% of the median local income ($89k/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 $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 12y 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 $150k; list at $350k implies a 133% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $282,100 (19.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1942 — 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 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?
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: 0.81% ✗
• Cap rate: 6.16%
• Cash-on-cash: -0.46%
• DSCR: 0.98
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $235,152
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6716 36th Ave	0.44mi	4/2.0 (+1)	1,804 (+6%)	7mo	$154,900	$86	59
5513 37th Ave	0.54mi	4/2.0 (+1)	1,731 (+2%)	13mo	$265,333	$153	57
6046 31st Ave	0.54mi	3/2.0	1,477 (-13%)	3mo	$212,000	$144	50
5402 36th Ave	0.63mi	4/2.0 (+1)	1,697 (-0%)	20mo	$216,000	$127	48
6801 36th Ave	0.49mi	3/2.0	1,948 (+14%)	11mo	$220,000	$113	44
6710 29th Ave	0.75mi	4/2.0 (+1)	1,558 (-9%)	6mo	$215,000	$138	41

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 · 4.12% rent growth · sell at horizon

5-year hold

• IRR: -15.9%
• Equity multiple: 0.43×
• Total profit: $-55,937
• Equity at exit: $52,171

10-year hold

• IRR: -5.8%
• Equity multiple: 0.61×
• Total profit: $-38,514
• Equity at exit: $30,253

Cash invested: $97,972 (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 53142

• Rents YoY: 4.1%
• Active inventory: 67
• Price-to-rent: 19.6×

Monthly cashflow live

• Estimated rent: $2,821 high
• Mortgage (P&I): −$1,835
• Tax from tax record: −$286 /mo · $3,427/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$592
• Net cashflow: $-38

Break-even live

Break-even rent $2,869

Max offer price $343,238

Occupancy floor 96%

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

Units	Beds	Baths	Est. rent
1× unit	2.0	1	$1,489
1× unit	1.0	1	$1,332
Total (2 units)			$2,821

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: $87,475
• Closing costs: $10,497
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7733 37th Ave Kenosha, WI	2.0	1.0	1200	$2,000	$1.67	12d	1	1.07mi
5432 23rd Ave Kenosha, WI	4.0	2.0	1400	$1,695	$1.21	4d	1	1.12mi
5807 20th Ave Unit 2 Kenosha, WI	3.0	1.0	1064	$2,400	$2.26	19d	1	1.24mi
5807 20th Ave Unit 1 Kenosha, WI	2.0	1.0	1064	$2,000	$1.88	19d	1	1.24mi
2708 48th St Kenosha, WI	4.0	2.0	1200	$2,500	$2.08	22d	1	1.27mi
1809 60th St Kenosha, WI	3.0	1.0	1100	$1,500	$1.36	43d	1	1.31mi
1510 57th St Unit 2 Kenosha, WI	4.0	2.0	1700	$1,800	$1.06	43d	1	1.49mi

Listing history 2 events

1. 2026-06-18
   remarks 530-char remark
2. 2026-06-18
   listed $349,900 Active 1 DOM

ⓘ 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: $3,427 · $286/mo
• Projected year-2 tax: $4,950 · $413/mo
• Expected delta: +$1,523/yr (+$127/mo · 44.4%)

ⓘ 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 ≥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: $33,852
• − Mortgage interest: −$19,600
• − Property taxes: −$3,427
• − Insurance: −$1,750
• − Repairs & maintenance: −$2,708
• − Management: −$2,708
• − Depreciation: −$10,179
• Taxable loss: −$6,520
• Est. tax savings @ 24.0%: +$1,565
• After-tax cash flow: $1,112/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): 34,144
• Household income: $88,960
• Rent vs Own: 28.3% rent · 71.7% own
• Severe rent burden: 725.0

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 (70%)
• Race & ethnicity: White 70% Hispanic / Latino 16% Two or more races 14% Black 6% Asian 3%
• Hispanic origin (detail): Mexican 12% Puerto Rican 2%
• Common ancestry: Romanian 7% Portuguese 2% Lithuanian 2%
• Foreign-born: 10% · Canada, China
• Languages at home: 83% English-only · Spanish 12% Other Indo-European 1% 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: ▼ -224.61%
• Current HPI: 238.3837
• Rent YoY: ▲ 4.12%
• 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

+446.7% since first listed

7 events — show timeline

• 2026-06-17 Listed $349,900 METROMLS
• 2021-09-02 Sold (Public Records) $150,000 Public Records
• 2014-01-04 Listing Removed — METROMLS
• 2014-01-04 Listed $115,000 METROMLS
• 2012-03-27 Sold (Public Records) $105,000 Public Records
• 2012-03-20 Sold (MLS) $105,000 METROMLS
• 1984-05-01 Sold (Public Records) $64,000 Public Records

Property tax history

-0.1%/yr

Latest (2025): $3,427 · -2.7% YoY. Source: county tax records.