5353 N 56th St · Milwaukee, WI 53218

$134,900

3 bd · 1.0 ba · 832 sqft · SingleFamily public records · 17 Days on market

Built 1953 6,969 sqft lot Est $136k · at est.

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Why this score? — see what drove the D+ 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 +19.4/30.0
• ARV discount +7.7/15.0
• DSCR +6.1/10.0
• 1% rule +5.1/10.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great Starter 3 bedroom home in quiet neighborhood. This home is clean, cute and cozy. This home features new carpet, updated kitchen and remodeling bathroom. Beautiful backyard that is fenced in for privacy.

Key facts

• Near schools
• Spacious backyard
• Near shopping

Tags

• FULL BASEMENT
• DETACHED GARAGE
• SPACIOUS BACKYARD
• NEAR PARKS
• NEAR SCHOOLS
• NEAR SHOPPING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $150 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $135k).
• Recommended offer: $133k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.6% 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+, 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.
• Zoned schools: Browning Elementary (math 5% / reading 5%, grade F, #968 of 1,041 statewide, top 98%, 283 students, 95% FRL); James Madison Academic Campus (math 5% / reading 5%, grade F, #467 of 483 statewide, top 100%, 686 students, 89% FRL).
• Market conditions: Rents rising fast (+5.3%/yr); 153 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 44% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).
• This rent runs 36% of the median local income ($46k/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 $933 of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($133k) is reasonable based on typical stale-listing flexibility.
• 5 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.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $132,876 (1.5% below list)

Questions for the listing agent

1. Built in 1953 — 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 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?
4. 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?
5. 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?
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 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: 1.01% ✓
• Cap rate: 7.63%
• Cash-on-cash: 4.76%
• DSCR: 1.21
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $135,616
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5353 N 56th St	0.00mi	3/3.0	832 (0%)	0mo	$125,000	$150	92
5482 N 58th St	0.20mi	3/1.0	734 (-12%)	2mo	$120,000	$163	70
5720 W Thurston Ave	0.38mi	2/1.0 (-1)	792 (-5%)	2mo	$164,900	$208	68
5272 N 65th St	0.48mi	3/1.0	912 (+10%)	1mo	$127,000	$139	61
5120 N 56th St	0.31mi	3/1.0	713 (-14%)	2mo	$103,000	$144	60
4868 N 52nd St	0.67mi	2/1.0 (-1)	850 (+2%)	2mo	$145,605	$171	59
5243 N 46th St	0.64mi	2/1.0 (-1)	803 (-4%)	1mo	$135,000	$168	58
5267 N 48th St	0.51mi	3/1.0	932 (+12%)	1mo	$183,000	$196	56
5003 N 51st Blvd	0.54mi	3/1.0	934 (+12%)	0mo	$110,000	$118	54
5863 N 62nd St	0.72mi	3/1.0	905 (+9%)	0mo	$180,000	$199	52
4906 N 58th St	0.57mi	3/1.0	940 (+13%)	1mo	$100,000	$106	51
5320 N 69th St	0.73mi	2/1.0 (-1)	766 (-8%)	2mo	$58,000	$76	46

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: -6.3%
• Equity multiple: 0.76×
• Total profit: $-9,095
• Equity at exit: $20,114

10-year hold

• IRR: 5.9%
• Equity multiple: 1.48×
• Total profit: $18,233
• Equity at exit: $11,664

Cash invested: $37,772 (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: 153
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,362 high
• Mortgage (P&I): −$707
• Tax from tax record: −$163 /mo · $1,951/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$286
• Net cashflow: $150

Break-even live

Break-even rent $1,172

Max offer price $134,900

Occupancy floor 84%

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5688 N 56th St Milwaukee, WI	3.0	1.0	850	$1,445	$1.70	12d	1	0.43mi
5657 N 60th St #5659 Milwaukee, WI	3.0	1.0	878	$995	$1.13	16d	1	0.44mi
6221 W Thurston Ave #6223 Milwaukee, WI	3.0	1.0	800	$1,100	$1.38	19d	1	0.52mi
6026 W Carmen Ave Milwaukee, WI	2.0	1.0	672	$1,195	$1.78	23d	1	0.58mi
5659 N 64th St Unit 5659A Milwaukee, WI	2.0	1.0	1091	$1,300	$1.19	43d	1	0.58mi
5830 N 61st St Milwaukee, WI	3.0	1.0	1024	$1,450	$1.42	43d	1	0.63mi
4610 W Eggert Pl #4612 Milwaukee, WI	3.0	1.0	852	$1,095	$1.29	23d	1	0.68mi
5050 N 47th St Milwaukee, WI	2.0	1.0	1092	$1,700	$1.56	43d	1	0.71mi
5165-5167 N 45th St Unit 5165 Milwaukee, WI	3.0	1.0	1020	$1,200	$1.18	16d	1	0.74mi
5820 N 65th St #5822 Milwaukee, WI	2.0	1.0	700	$1,245	$1.78	43d	1	0.75mi
5823 N 65th St Unit Upper Milwaukee, WI	2.0	1.0	768	$1,295	$1.69	43d	1	0.77mi
5831 N 65th St Unit 5831 Milwaukee, WI	3.0	1.0	900	$1,195	$1.33	43d	1	0.78mi
4340 W Eggert Pl Milwaukee, WI	4.0	1.0	1066	$1,695	$1.59	23d	1	0.81mi
4334 W Eggert Pl Milwaukee, WI	4.0	1.0	1077	$1,695	$1.57	23d	1	0.82mi
4852 N 48th St Unit 4852 Milwaukee, WI	2.0	1.0	830	$995	$1.20	1d	1	0.82mi
6518 W Hampton Ave Unit 2 Milwaukee, WI	2.0	1.0	1100	$1,200	$1.09	43d	1	0.86mi
5905 N 66th St Unit 66th Lower Milwaukee, WI	3.0	1.0	1000	$1,600	$1.60	16d	1	0.88mi
5956 N 67th St Milwaukee, WI	2.0	1.0	925	$1,250	$1.35	43d	1	0.96mi
5958 N 67th St Milwaukee, WI	2.0	1.0	925	$1,250	$1.35	4d	1	0.96mi
4640 N 51st Blvd Milwaukee, WI	2.0	1.0	1075	$1,275	$1.19	43d	1	0.98mi
4727 N 46th St Milwaukee, WI	3.0	1.0	936	$1,700	$1.82	43d	1	1.02mi
5435 N 40th St Milwaukee, WI	2.0	1.0	850	$1,150	$1.35	16d	1	1.03mi
5696 N 42nd St Milwaukee, WI	4.0	1.0	1023	$1,495	$1.46	23d	1	1.04mi
5950 N 69th St Unit 1 Milwaukee, WI	2.0	1.0	1100	$1,100	$1.00	43d	1	1.04mi
4703 N 45th St Milwaukee, WI	3.0	1.0	1031	$1,695	$1.64	23d	1	1.09mi
7348 W Medford Ave Unit 7348A Milwaukee, WI	2.0	1.0	1095	$950	$0.87	23d	1	1.10mi
4702 N 44th St Milwaukee, WI	3.0	2.0	1050	$1,850	$1.76	43d	1	1.15mi
4843 N 72nd St Milwaukee, WI	3.0	1.0	1014	$1,485	$1.46	43d	1	1.16mi
7632 W Leon Ter Unit C Milwaukee, WI	2.0	1.5	1000	$1,200	$1.20	23d	1	1.23mi
4479A N 44th St Milwaukee, WI	2.0	1.0	1000	$895	$0.90	43d	1	1.33mi
5237 N 34th St Unit 5237 Lower Milwaukee, WI	2.0	1.0	956	$1,350	$1.41	23d	1	1.40mi
4661 N 38th St Unit 4661 Milwaukee, WI	2.0	1.0	1000	$845	$0.84	14d	1	1.44mi
7701 W Hampton Ave Unit 6 Milwaukee, WI	2.0	1.0	816	$1,250	$1.53	43d	1	1.46mi
6110 N 39th St Milwaukee, WI	2.0	1.0	703	$1,395	$1.98	4d	1	1.50mi

Listing history 16 events

1. 2026-04-22
   status Pending
2. 2026-04-16
   price $134,900
3. 2026-04-13
   status Active
4. 2026-03-28
   status Pending
5. 2026-03-19
   listed $139,900 Active
6. 2023-12-13
   soldstatus $1,578,000
7. 2022-03-02
   soldstatus $1,701,300
8. 2013-02-02
   historical 208-char remark

   Show marketing remark (208 chars)

   Great Starter 3 bedroom home in quiet neighborhood. This home is clean, cute and cozy. This home features new carpet, updated kitchen and remodeling bathroom. Beautiful backyard that is fenced in for privacy.

9. 2013-02-02
   listed $114,900 208-char remark

   Show marketing remark (208 chars)

   Great Starter 3 bedroom home in quiet neighborhood. This home is clean, cute and cozy. This home features new carpet, updated kitchen and remodeling bathroom. Beautiful backyard that is fenced in for privacy.

10. 2013-02-01
    listed $107,900 351-char remark

    Show marketing remark (351 chars)

    A must see. Beautiful 3 bedroom ranch style home. Wonderfully maintained. Landscaped well manicure. Spacious fenced in backyard to entertain large family and friend gatherings in your own little piece of paradise. Motivated seller. Move in ready. Home warranty included in this precious find. Priced to sell today! Don't delay, put an offer in today!

11. 2013-02-01
    historical 351-char remark

    Show marketing remark (351 chars)

    A must see. Beautiful 3 bedroom ranch style home. Wonderfully maintained. Landscaped well manicure. Spacious fenced in backyard to entertain large family and friend gatherings in your own little piece of paradise. Motivated seller. Move in ready. Home warranty included in this precious find. Priced to sell today! Don't delay, put an offer in today!

12. 2013-01-26
    historical
13. 2013-01-26
    listed $29,700
14. 2010-05-26
    soldstatus $28,500
15. 2006-01-17
    soldstatus $95,500
16. 2005-12-30
    soldstatus $95,500

ⓘ 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: $1,951 · $163/mo
• Projected year-2 tax: $2,223 · $185/mo
• Expected delta: +$272/yr (+$23/mo · 14.0%)

ⓘ 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 ≥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: $16,344
• − Mortgage interest: −$7,556
• − Property taxes: −$1,951
• − Insurance: −$674
• − Repairs & maintenance: −$1,308
• − Management: −$1,308
• − Depreciation: −$3,924
• Taxable loss: −$378
• Est. tax savings @ 24.0%: +$91
• After-tax cash flow: $1,888/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: 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

+41.3% since first listed

16 events — show timeline

• 2026-04-22 Pending — METROMLS
• 2026-04-16 Price Changed $134,900 METROMLS
• 2026-04-13 Relisted — METROMLS
• 2026-03-28 Pending — METROMLS
• 2026-03-19 Listed $139,900 METROMLS
• 2023-12-13 Sold (Public Records) $1,578,000 Public Records
• 2022-03-02 Sold (Public Records) $1,701,300 Public Records
• 2013-02-02 Listed $114,900 METROMLS
• 2013-02-02 Listing Removed — METROMLS
• 2013-02-01 Listing Removed — METROMLS
• 2013-02-01 Listed $107,900 METROMLS
• 2013-01-26 Listed $29,700 METROMLS
• 2013-01-26 Listing Removed — METROMLS
• 2010-05-26 Sold (MLS) $28,500 METROMLS
• 2006-01-17 Sold (Public Records) $95,500 Public Records
• 2005-12-30 Sold (MLS) $95,500 METROMLS

Property tax history

+3.7%/yr

Latest (2024): $1,951 · +35.0% YoY. Source: county tax records.