4413 19th Ave · Kenosha, WI 53140

$200,000

3 bd · 2.0 ba · 1,628 sqft · MultiFamily public records · 73 Days on market

Built 1929 6,969 sqft lot $123/sqft · at area comps Est $209k · at est.

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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 +29.4/30.0
• DSCR +10.0/10.0
• ARV discount +9.5/15.0
• 1% rule +8.0/10.0
• 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

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Opportunity to ''House hack'' as an owner-occupant, or for investors to add to their portfolio. The lower unit includes two bedrooms and one full bathroom. The upper unit offers one bedroom and one full bathroom, and is currently occupied (M2M - prefers to stay long-term). All utilities are separate (gas, electric, HVAC, water heaters). Shared laundry in the basement. Outside is a patio, shed, access to the basement, a nice-sized partially fenced yard, and a 2.5-car detached garage. Located near public transportation, Washington Middle and All Saints Catholic Schools, Nedweski Park, Washington Park Municipal Golf Course, and just minutes (1.6 miles) from Fire House Square Park, Simmons Island Park & Beach, and the Kenosha train station. Don't wait, schedule your showing today!

Key facts

• Separate utilities
• Shared laundry
• Shed

Tags

• SEPARATE UTILITIES
• SHARED LAUNDRY
• PATIO
• SHED
• PARTIALLY FENCED YARD
• DETACHED GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath multifamily listed at $200k.

Deal economics

• At list price, monthly cash flow is $710 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $200k).
• Recommended offer: $188k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.6% 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; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 259 units permitted in Kenosha County in 2024 (8 in 5+ unit buildings).
• At $2,595/mo this rent would consume 54% of the median local household income ($58k/yr) (locally 1576% 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.
• At projected returns (-3.0% appreciation + 6.0% rent growth), your $56k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 73 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $45k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $40k; list at $200k implies a 400% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1929 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $188,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 73 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1929 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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 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: 1.30% ✓
• Cap rate: 10.55%
• Cash-on-cash: 15.21%
• DSCR: 1.68
• GRM: 6.4

CMA / ARV

• ARV (median comp): $209,090
• List price: $200,000
• Delta: -4.35%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4413 19th Ave	0.00mi	3/2.0	1,628 (0%)	0mo	$178,000	$109	100
1828 45th St	0.04mi	4/2.0 (+1)	1,728 (+6%)	7mo	$250,000	$145	77
4826 20th Ave	0.26mi	4/2.0 (+1)	1,610 (-1%)	8mo	$205,000	$127	74
4202 21st Ave	0.20mi	3/2.0	1,412 (-13%)	1mo	$219,900	$156	68
5007 25th Ave	0.48mi	4/2.0 (+1)	1,539 (-6%)	2mo	$217,500	$141	62
5011 22nd Ave	0.39mi	4/2.0 (+1)	1,680 (+3%)	12mo	$177,777	$106	61
4615 10th Ave	0.44mi	4/2.0 (+1)	1,806 (+11%)	0mo	$257,500	$143	56
3920 14th Ave	0.44mi	4/2.0 (+1)	1,476 (-9%)	8mo	$200,000	$136	52
4508 25th Ave	0.37mi	4/2.0 (+1)	1,459 (-10%)	14mo	$175,000	$120	49
5003 26th Ave #5005	0.53mi	4/4.0 (+1)	1,696 (+4%)	8mo	$338,000	$199	48
4013 14th Ave	0.42mi	4/2.0 (+1)	1,872 (+15%)	3mo	$212,000	$113	48
4409 8th Ave	0.56mi	4/2.5 (+1)	1,764 (+8%)	12mo	$312,000	$177	43

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: 9.1%
• Equity multiple: 1.37×
• Total profit: $20,821
• Equity at exit: $29,821

10-year hold

• IRR: 20.7%
• Equity multiple: 2.99×
• Total profit: $111,348
• Equity at exit: $17,292

Cash invested: $56,000 (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 53140

• Rents YoY: 6.0%
• Active inventory: 43
• Price-to-rent: 12.4×

Monthly cashflow live

• Estimated rent: $2,595 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$208 /mo · $2,498/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$545
• Net cashflow: $710

Break-even live

Break-even rent $1,697

Max offer price $200,000

Occupancy floor 68%

Sensitivity live

Price	-10% $823	-5% $766	+0% $710	+5% $653	+10% $597
Rent	-10% $505	-5% $607	+0% $710	+5% $812	+10% $915
Rate	-1.0pp $810	-0.5pp $761	base $710	+0.5pp $658	+1.0pp $605

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

Units	Beds	Baths	Est. rent
1× unit	2	1	$1,346
1× unit	1	1	$1,250
Total (2 units)			$2,595

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2708 48th St Kenosha, WI	4.0	2.0	1200	$2,500	$2.08	22d	1	0.58mi
2114 36th St Kenosha, WI	3.0	2.0	1889	$3,200	$1.69	44d	1	0.61mi
3905 29th Ave Kenosha, WI	3.0	2.0	1550	$1,600	$1.03	19d	1	0.74mi
5432 23rd Ave Kenosha, WI	4.0	2.0	1400	$1,695	$1.21	4d	1	0.80mi
1510 57th St Unit 2 Kenosha, WI	4.0	2.0	1700	$1,800	$1.06	44d	1	0.91mi
5522 7th Ave Kenosha, WI	2.0	1.0–2.0	858	$2,660	$3.10	3d	60	0.93mi
5807 20th Ave Unit 1 Kenosha, WI	2.0	1.0	1064	$2,000	$1.88	19d	1	0.98mi
5807 20th Ave Unit 2 Kenosha, WI	3.0	1.0	1064	$2,400	$2.26	19d	1	0.98mi
1809 60th St Kenosha, WI	3.0	1.0	1100	$1,500	$1.36	44d	1	1.07mi
5900 4th Ave Unit 309 Kenosha, WI	2.0	2.0	1083	$1,895	$1.75	20d	1	1.23mi
5945 6th Ave Kenosha, WI	2.0	1.0–2.0	800	$2,575	$3.22	2d	13	1.23mi
5900 4th Ave Unit 212 Kenosha, WI	2.0	2.0	1224	$1,999	$1.63	44d	1	1.24mi
5900 4th Ave Apt 414 Kenosha, WI	2.0	2.0	1160	$2,675	$2.31	13d	1	1.24mi
5900 4th Ave Unit 509 Kenosha, WI	2.0	2.0	1083	$2,035	$1.88	25d	1	1.24mi
5900 4th Ave Unit 217 Kenosha, WI	2.0	2.0	1083	$2,195	$2.03	19d	1	1.24mi
5900 4th Ave Unit 512 Kenosha, WI	2.0	2.0	1224	$2,495	$2.04	20d	1	1.24mi

Listing history 5 events

1. 2026-05-02
   price $237,900 793-char remark

   Show marketing remark (793 chars)

   Opportunity to ''House hack'' as an owner-occupant, or for investors to add to their portfolio. The lower unit includes two bedrooms and one full bathroom. The upper unit offers one bedroom and one full bathroom, and is currently occupied (M2M - prefers to stay long-term). All utilities are separate (gas, electric, HVAC, water heaters). Shared laundry in the basement. Outside is a patio, shed, access to the basement, a nice-sized partially fenced yard, and a 2.5-car detached garage. Located near public transportation, Washington Middle and All Saints Catholic Schools, Nedweski Park, Washington Park Municipal Golf Course, and just minutes (1.6 miles) from Fire House Square Park, Simmons Island Park & Beach, and the Kenosha train station. Don't wait, schedule your showing today!

2. 2026-04-10
   status Active 793-char remark

   Show marketing remark (793 chars)

   Opportunity to ''House hack'' as an owner-occupant, or for investors to add to their portfolio. The lower unit includes two bedrooms and one full bathroom. The upper unit offers one bedroom and one full bathroom, and is currently occupied (M2M - prefers to stay long-term). All utilities are separate (gas, electric, HVAC, water heaters). Shared laundry in the basement. Outside is a patio, shed, access to the basement, a nice-sized partially fenced yard, and a 2.5-car detached garage. Located near public transportation, Washington Middle and All Saints Catholic Schools, Nedweski Park, Washington Park Municipal Golf Course, and just minutes (1.6 miles) from Fire House Square Park, Simmons Island Park & Beach, and the Kenosha train station. Don't wait, schedule your showing today!

3. 2026-03-22
   historical Contingent 793-char remark

   Show marketing remark (793 chars)

   Opportunity to ''House hack'' as an owner-occupant, or for investors to add to their portfolio. The lower unit includes two bedrooms and one full bathroom. The upper unit offers one bedroom and one full bathroom, and is currently occupied (M2M - prefers to stay long-term). All utilities are separate (gas, electric, HVAC, water heaters). Shared laundry in the basement. Outside is a patio, shed, access to the basement, a nice-sized partially fenced yard, and a 2.5-car detached garage. Located near public transportation, Washington Middle and All Saints Catholic Schools, Nedweski Park, Washington Park Municipal Golf Course, and just minutes (1.6 miles) from Fire House Square Park, Simmons Island Park & Beach, and the Kenosha train station. Don't wait, schedule your showing today!

4. 2026-03-17
   listed $244,900 Active 793-char remark

   Show marketing remark (793 chars)

   Opportunity to ''House hack'' as an owner-occupant, or for investors to add to their portfolio. The lower unit includes two bedrooms and one full bathroom. The upper unit offers one bedroom and one full bathroom, and is currently occupied (M2M - prefers to stay long-term). All utilities are separate (gas, electric, HVAC, water heaters). Shared laundry in the basement. Outside is a patio, shed, access to the basement, a nice-sized partially fenced yard, and a 2.5-car detached garage. Located near public transportation, Washington Middle and All Saints Catholic Schools, Nedweski Park, Washington Park Municipal Golf Course, and just minutes (1.6 miles) from Fire House Square Park, Simmons Island Park & Beach, and the Kenosha train station. Don't wait, schedule your showing today!

5. 1980-09-01
   soldstatus $40,000

ⓘ 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: $2,498 · $208/mo
• Projected year-2 tax: $3,099 · $258/mo
• Expected delta: +$601/yr (+$50/mo · 24.1%)

ⓘ 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: $31,140
• − Mortgage interest: −$11,203
• − Property taxes: −$2,498
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,491
• − Management: −$2,491
• − Depreciation: −$5,818
• Taxable income: $5,638
• Est. tax owed @ 24.0%: −$1,353
• After-tax cash flow: $7,164/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: 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

+494.8% since first listed

5 events — show timeline

• 2026-05-02 Price Changed $237,900 METROMLS
• 2026-04-10 Relisted — METROMLS
• 2026-03-22 Contingent — METROMLS
• 2026-03-17 Listed $244,900 METROMLS
• 1980-09-01 Sold (Public Records) $40,000 Public Records

Property tax history

+0.0%/yr

Latest (2025): $2,498 · +6.0% YoY. Source: county tax records.