715 N 22nd St · Superior, WI 54880

$149,900

2 bd · 1.0 ba · 1,032 sqft · SingleFamily · 3 Days on market

Built 1910 3,485 sqft lot $145/sqft · 36% below area Est $233k · 36% under

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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 +20.7/30.0
• ARV discount +15.0/15.0
• DSCR +6.6/10.0
• 1% rule +4.8/10.0
• Livability +4.3/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable & Priced to Sell is this 2 bdrm/1 bath starter home located in the Heart of Superior close to SSHS, Northwood Technical College and UWS. The main floor features hardwood floors, a formal dining room, a cozy living room with a main floor bedroom off to the side, a full updated bathroom, stackable main floor laundry, and a kitchen. Upstairs is the other bedroom with a nook bonus space that could be used as an office or for additional storage. Outside there is a one car garage that shares a middle wall with the neighbors garage.

Key facts

• Cozy living room
• Formal dining room
• Hardwood floors

Tags

• HARDWOOD FLOORS
• FORMAL DINING ROOM
• COZY LIVING ROOM
• UPDATED BATHROOM
• STACKABLE MAIN FLOOR LAUNDRY
• NOOK BONUS SPACE

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family detached residence; One-story
• Construction: Foundation: Other
• Exterior features: Lot roughly 29 x 120 (0.08 acre)

Interior

• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating
• Interior features: Master bedroom on the main level; Crawl space basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $203 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $147k (2.2% below list).
• Recommended offer: $147k (2.2% below list) — sets the bar for 1% rule.
• Cap rate 7.9% vs local median 4.5% in Superior — 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 86/100 on livability (#21 in WI, #337 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+.
• Superior School District (suburban): math 23% / reading 34% proficiency, ranked #290 of 342 in WI (top 85%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Northern Lights Elementary (math 18% / reading 24%, grade F, #857 of 1,041 statewide, top 83%, 491 students, 68% FRL); Superior Middle (math 18% / reading 32%, grade F, #315 of 383 statewide, top 82%, 903 students, 51% FRL); Superior High (math 22% / reading 44%, grade F, #182 of 483 statewide, top 38%, 1,306 students, 42% FRL).
• Market conditions: Rents rising (+2.8%/yr); 173 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 110 units permitted in Douglas County in 2024 (0 in 5+ unit buildings).

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.
• Douglas County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $146,539 (2.2% below list)

Questions for the listing agent

1. Built in 1910 — 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. 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.
4. 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.
5. 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: 0.98% ✗
• Cap rate: 7.92%
• Cash-on-cash: 5.82%
• DSCR: 1.26
• GRM: 8.5

CMA / ARV

• ARV (median comp): $232,914
• List price: $149,900
• Delta: -35.64%
• 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
715 N 22nd St	0.00mi	2/1.0	1,032 (0%)	1mo	$153,400	$149	99
712 Lincoln St	0.10mi	2/1.0	1,040 (+1%)	1mo	$225,000	$216	93
644 N 22nd St	0.07mi	3/1.5 (+1)	1,050 (+2%)	2mo	$225,000	$214	85
701 N 22nd St	0.03mi	3/1.0 (+1)	1,056 (+2%)	10mo	$215,000	$204	81
522 N 21st St	0.11mi	3/1.0 (+1)	1,056 (+2%)	10mo	$135,000	$128	77
1814 Lamborn Ave	0.34mi	2/1.0	1,032 (0%)	9mo	$235,000	$228	76
820 Lincoln St	0.12mi	3/1.0 (+1)	1,134 (+10%)	2mo	$209,900	$185	71
1709 Baxter Ave	0.46mi	3/1.0 (+1)	1,062 (+3%)	16mo	$153,263	$144	56
1807 Baxter Ave	0.42mi	2/1.0	1,160 (+12%)	6mo	$151,000	$130	55
2635 Hammond Ave	0.63mi	3/1.5 (+1)	1,011 (-2%)	10mo	$205,000	$203	52
2616 Ogden Ave	0.75mi	2/1.0	1,120 (+8%)	15mo	$235,000	$210	39
1313 Grand Ave	0.73mi	3/1.0 (+1)	1,176 (+14%)	3mo	$155,821	$133	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 · 2.76% rent growth · sell at horizon

5-year hold

• IRR: -7.6%
• Equity multiple: 0.72×
• Total profit: $-11,716
• Equity at exit: $22,351

10-year hold

• IRR: 1.7%
• Equity multiple: 1.12×
• Total profit: $4,925
• 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 54880

• Rents YoY: 2.8%
• Active inventory: 173
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,465 high
• Mortgage (P&I): −$786
• Tax from tax record: −$106 /mo · $1,268/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$308
• Net cashflow: $203

Break-even live

Break-even rent $1,208

Max offer price $149,900

Occupancy floor 81%

Sensitivity live

Price	-10% $288	-5% $246	+0% $203	+5% $161	+10% $119
Rent	-10% $88	-5% $146	+0% $203	+5% $261	+10% $319
Rate	-1.0pp $279	-0.5pp $242	base $203	+0.5pp $165	+1.0pp $125

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 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2009 1/2 Hughitt Ave Superior, WI	2.0	1.0	713	$1,125	$1.58	45d	1	0.52mi
2318 John Ave Unit A Superior, WI	1.0	1.0	800	$1,100	$1.38	15d	1	0.59mi
2113 Oakes Ave Unit 2 Superior, WI	2.0	1.0	800	$1,275	$1.59	45d	1	0.87mi
110 E 2nd St Superior, WI	1.0–2.0	1.0–2.0	778	$2,300	$2.95	15d	8	1.11mi
110 E 2nd St Apt 218 Superior, WI	2.0	2.0	971	$2,200	$2.27	22d	1	1.11mi

Listing history 7 events

1. 2026-05-03
   status Pending 548-char remark

   Show marketing remark (548 chars)

   Affordable & Priced to Sell is this 2 bdrm/1 bath starter home located in the Heart of Superior close to SSHS, Northwood Technical College and UWS. The main floor features hardwood floors, a formal dining room, a cozy living room with a main floor bedroom off to the side, a full updated bathroom, stackable main floor laundry, and a kitchen. Upstairs is the other bedroom with a nook bonus space that could be used as an office or for additional storage. Outside there is a one car garage that shares a middle wall with the neighbors garage.

2. 2026-05-03
   status Pending 548-char remark

   Show marketing remark (548 chars)

   Affordable & Priced to Sell is this 2 bdrm/1 bath starter home located in the Heart of Superior close to SSHS, Northwood Technical College and UWS. The main floor features hardwood floors, a formal dining room, a cozy living room with a main floor bedroom off to the side, a full updated bathroom, stackable main floor laundry, and a kitchen. Upstairs is the other bedroom with a nook bonus space that could be used as an office or for additional storage. Outside there is a one car garage that shares a middle wall with the neighbors garage.

3. 2026-04-30
   listed $149,900 Active 548-char remark

   Show marketing remark (548 chars)

   Affordable & Priced to Sell is this 2 bdrm/1 bath starter home located in the Heart of Superior close to SSHS, Northwood Technical College and UWS. The main floor features hardwood floors, a formal dining room, a cozy living room with a main floor bedroom off to the side, a full updated bathroom, stackable main floor laundry, and a kitchen. Upstairs is the other bedroom with a nook bonus space that could be used as an office or for additional storage. Outside there is a one car garage that shares a middle wall with the neighbors garage.

4. 2026-04-30
   listed $149,900 Active 548-char remark

   Show marketing remark (548 chars)

   Affordable & Priced to Sell is this 2 bdrm/1 bath starter home located in the Heart of Superior close to SSHS, Northwood Technical College and UWS. The main floor features hardwood floors, a formal dining room, a cozy living room with a main floor bedroom off to the side, a full updated bathroom, stackable main floor laundry, and a kitchen. Upstairs is the other bedroom with a nook bonus space that could be used as an office or for additional storage. Outside there is a one car garage that shares a middle wall with the neighbors garage.

5. 2008-09-29
   soldstatus $83,000
6. 2005-07-21
   soldstatus $51,500
7. 2005-07-20
   soldstatus $51,500 218-char remark

   Show marketing remark (218 chars)

   Great starter home or rental property close to UW-Superior. Mostly all vinyl windows throughout. Fenced back yard. Hardwood floors in Living & Dining rooms. Stove, refrigerator & window treatments included.

ⓘ 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: $1,268 · $106/mo
• Projected year-2 tax: $2,021 · $168/mo
• Expected delta: +$752/yr (+$63/mo · 59.3%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥92°F today · 13 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,585
• − Mortgage interest: −$8,397
• − Property taxes: −$1,268
• − Insurance: −$750
• − Repairs & maintenance: −$1,407
• − Management: −$1,407
• − Depreciation: −$4,361
• Taxable loss: −$4
• Est. tax savings @ 24.0%: +$1
• After-tax cash flow: $2,442/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: Superior School District
• NCES district ID: 5514670
• Math proficiency: 23% ▼ -12.00%
• Reading proficiency: 34% ▼ -4.00%
• Median HH income: $43,659
• Composite: 24.31/100
• National rank: #7711
• State rank: #290 of 342 in WI

Livability — Superior

• Score: 86/100
• State rank: #21
• US rank: #337

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime C+ Employment C Housing A+ Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Superior, WI
• County: Douglas County · 30,312 people
• City population: 30,312
• Metro: Duluth, MN-WI
• Population (ZIP): 30,312
• Household income: $68,275
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 1018.0

Population outlook (Douglas County) Hauer SSP2

• Today (2025): 42,505 people
• By 2030: 41,269 · -2.9%
• By 2040: 37,829 · -11.0%
• By 2050: 34,043 · -19.9%
• By 2075: 25,892 · -39.1%
• By 2100: 19,487 · -54.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Hispanic / Latino 2% Black 1% Asian 1% Native American 1%
• Common ancestry: Portuguese 10% Romanian 9% Lithuanian 4%
• Foreign-born: 2% · China, Vietnam
• Languages at home: 97% English-only · Spanish 1%

Political lean MEDSL · Douglas

• 2024 margin: Lean D (+5.3) · D 52.0% · R 46.6% · Other 1.4%
• 2008→2024 swing: -27.9pp toward R · 2008: 33.2pp · 2024: 5.3pp
• All cycles: 2024: D+5.3 2020: D+9.3 2016: D+7.6 2012: D+31.3 2008: D+33.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -167.80%
• Current HPI: 226.557
• Rent YoY: ▲ 2.76%
• Metro: Duluth, MN-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

+197.9% since first listed

10 events — show timeline

• 2026-06-02 Sold (Public Records) $153,400 Public Records
• 2026-05-28 Sold (MLS) $153,400 SAAR
• 2026-05-28 Sold (MLS) $153,400 LSAR
• 2026-05-03 Pending — LSAR
• 2026-05-03 Pending — SAAR
• 2026-04-30 Listed $149,900 SAAR
• 2026-04-30 Listed $149,900 LSAR
• 2008-09-29 Sold (Public Records) $83,000 Public Records
• 2005-07-21 Sold (Public Records) $51,500 Public Records
• 2005-07-20 Sold (MLS) $51,500 SAAR

Property tax history

-1.1%/yr

Latest (2025): $1,268 · +2.0% YoY. Source: county tax records.