3108 N 44th St Unit 3108A · Milwaukee, WI 53216

$197,000

4 bd · 2.0 ba · 1,636 sqft · MultiFamily · 7 Days on market

Built 1925 4,356 sqft lot

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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 +20.5/30.0
• ARV discount +7.5/15.0
• DSCR +6.5/10.0
• Appreciation +5.7/10.0
• 1% rule +5.4/10.0
• Rent growth +4.3/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0

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

1 1/2 story duplex located in the city of Milwaukee. Property is being sold in as-is condition and no condition report will be provided. Please allow 3 business days for sellers verbal response and 10 days for signatures.

Key facts

• Fully renovated
• Original built-ins
• Separate utilities

Tags

• FULLY RENOVATED
• SPACIOUS SINGLE-FAMILY HOME
• REFINISHED HARDWOOD
• LVP FLOORING
• ORIGINAL BUILT-INS
• SEPARATE UTILITIES

Property features AI

Finance

• Financial info: Multi-family building with 2 units

Exterior

• Parking: 2-car garage; 1 additional parking space
• Utilities: Municipal water; Municipal sewer; 2 electric meters; 2 gas meters
• Home design: 1.5-story multi-family property; Zoned RT2
• Construction: Year built: assessor/public record source
• Exterior features: Vinyl exterior; Less than 1/2 acre lot

Interior

• Kitchen: Unit 2 kitchen on upper level (approx. 19 x 13)
• Bedrooms: Unit 1: 2 bedrooms; Unit 2: 2 bedrooms (master bedroom on upper level, approx. 13 x 10)
• Bathrooms: Unit 1: 1 full bathroom; Unit 2: 1 full bathroom
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath multifamily listed at $197k.

Deal economics

• At list price, monthly cash flow is $258 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $197k).
• Cap rate 7.9% 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 (+7.0%/yr); 126 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).
• At $2,050/mo this rent would consume 53% of the median local household income ($47k/yr) (locally 2202% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $4k of equity ($1k loan paydown + $3k appreciation (1.3% local appreciation)).
• Milwaukee County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (1.3% appreciation + 7.0% rent growth), your $55k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 14y 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 $14k; list at $197k implies a 1307% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $197,000

Questions for the listing agent

1. Built in 1925 — 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. 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.
6. 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.
7. 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: 1.04% ✓
• Cap rate: 7.86%
• Cash-on-cash: 5.61%
• DSCR: 1.25
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $112,884
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3287 N 49th St #3289	0.42mi	4/2.0	1,710 (+4%)	3mo	$181,000	$106	71
3233 W Auer Ave	0.69mi	4/2.0	1,657 (+1%)	1mo	$78,500	$47	65
3223 N 36th St	0.51mi	4/2.0	1,731 (+6%)	11mo	$90,000	$52	57
3259 N 35th St	0.58mi	4/2.0	1,773 (+8%)	3mo	$185,000	$104	56
3373 N 47th St #3375	0.43mi	4/2.0	1,840 (+12%)	4mo	$192,000	$104	56
3205 N 35th St	0.56mi	3/2.0 (-1)	1,723 (+5%)	8mo	$119,000	$69	53
3260 N 34th St Unit 3260A	0.67mi	4/2.0	1,776 (+9%)	2mo	$86,000	$48	52
2866 N 34th St Unit 2866A	0.69mi	5/2.0 (+1)	1,713 (+5%)	4mo	$68,000	$40	51
2952 N 51st St	0.47mi	4/2.0	1,818 (+11%)	11mo	$220,000	$121	50
3367 N 36th St	0.60mi	4/2.0	1,787 (+9%)	11mo	$100,000	$56	48
2654 N 49th St	0.64mi	5/2.0 (+1)	1,770 (+8%)	18mo	$160,000	$90	36
2916 N 54th St #2918	0.66mi	3/2.0 (-1)	1,800 (+10%)	15mo	$125,000	$69	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.33% appreciation · 7.01% rent growth · sell at horizon

5-year hold

• IRR: 10.9%
• Equity multiple: 1.58×
• Total profit: $31,940
• Equity at exit: $70,640

10-year hold

• IRR: 16.8%
• Equity multiple: 3.33×
• Total profit: $128,427
• Equity at exit: $96,551

Cash invested: $55,160 (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 53216

• Home prices YoY: 0.3%
• Rents YoY: 7.0%
• Active inventory: 126
• Price-to-rent: 16.0×

Monthly cashflow live

• Estimated rent: $2,050 high
• Mortgage (P&I): −$1,033
• Tax est. 1.5%: −$246 /mo · $2,955/yr
• Insurance: −$82
• HOA: −$0
• Vacancy / Maint / Mgmt: −$430
• Net cashflow: $258

Break-even live

Break-even rent $1,723

Max offer price $197,000

Occupancy floor 82%

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,050
Total (2 units)			$2,050

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: $49,250
• Closing costs: $5,910
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3123 N 42nd St Milwaukee, WI	4.0	1.0	1500	$1,700	$1.13	24d	1	0.12mi
3122 N 42nd St Milwaukee, WI	3.0	1.0	1323	$1,495	$1.13	4d	1	0.15mi
2976 N 49th St Milwaukee, WI	3.0	1.0	1700	$1,300	$0.76	17d	1	0.35mi
2713 N 44th St Milwaukee, WI	3.0	1.0	1450	$1,350	$0.93	44d	1	0.47mi
3155 N 52nd St Milwaukee, WI	3.0	2.0	1300	$1,400	$1.08	44d	1	0.56mi
2629 N 49th St Milwaukee, WI	3.0	1.0	1200	$1,350	$1.12	44d	1	0.68mi
2629 N 50th St Unit Upper Milwaukee, WI	3.0	1.0	1258	$1,375	$1.09	3d	1	0.71mi
3012 N 57th St Unit Lower Milwaukee, WI	3.0	1.0	1130	$1,398	$1.24	4d	1	0.81mi
3100 W Center St Milwaukee, WI	3.0	2.0	1174	$1,531	$1.30	2d	1	0.88mi
2403-2405 N 39th St Unit 2405 Upper Milwaukee, WI	3.0	1.0	1141	$995	$0.87	11d	1	0.90mi
2403-2405 N 39th St Unit 2403 Lower Milwaukee, WI	3.0	1.0	1200	$995	$0.83	11d	1	0.90mi
2409 N 49th St Milwaukee, WI	3.0	1.0	1335	$1,248	$0.93	44d	1	0.93mi
2438 N 51st St Unit 2 Milwaukee, WI	3.0	1.0	1300	$1,650	$1.27	24d	1	0.93mi
3925 N 42nd St Milwaukee, WI	3.0	1.0	1300	$1,675	$1.29	44d	1	0.95mi
2870 N 29th St #2872 Milwaukee, WI	3.0	1.0	1300	$1,250	$0.96	44d	1	0.97mi
2821 W Concordia Ave Milwaukee, WI	3.0	1.5	1098	$1,595	$1.45	2d	1	0.99mi
2251 N 41st St Unit Lower Milwaukee, WI	3.0	1.0	1187	$1,198	$1.01	15d	1	1.02mi
2704 W Concordia Ave Unit Na Milwaukee, WI	5.0	2.0	1856	$2,500	$1.35	24d	1	1.08mi
3388 N 27th St Unit 3388 Front House Milwaukee, WI	4.0	1.0	1212	$1,550	$1.28	4d	1	1.14mi
2809 W Clarke St Unit 12811 Milwaukee, WI	3.0	1.0	1400	$1,200	$0.86	17d	1	1.15mi
2765 N 26th St Unit 1 Milwaukee, WI	3.0	1.0	1125	$1,200	$1.07	4d	1	1.16mi
2137 N 47th St Milwaukee, WI	5.0	2.0	1723	$1,850	$1.07	15d	1	1.20mi
2432 N 28th St Milwaukee, WI	5.0	1.5	1876	$1,600	$0.85	44d	1	1.28mi
4139 N 50th St Milwaukee, WI	3.0	1.0	1275	$1,600	$1.25	44d	1	1.28mi
2201 N 32nd St Unit 2201 Milwaukee, WI	3.0	1.0	1100	$1,195	$1.09	16d	1	1.28mi
2001 N 38th St #2003 Milwaukee, WI	3.0	1.0	1326	$950	$0.72	2d	1	1.31mi
2308 W Clarke St Milwaukee, WI	4.0	2.0	1545	$1,750	$1.13	24d	1	1.47mi

Listing history 24 events

1. 2026-06-18
   days on market $197,000 Active 7 DOM
2. 2026-06-17
   days on market $197,000 Active 6 DOM
3. 2026-06-16
   days on market $197,000 Active 5 DOM
4. 2026-06-15
   days on market $197,000 Active 4 DOM
5. 2026-06-13
   days on market $197,000 Active 2 DOM
6. 2026-06-13
   pricedays on marketlisting id $197,000 Active 1 DOM
7. 2026-06-09
   days on market $199,900 Active 18 DOM
8. 2026-06-08
   days on market $199,900 Active 17 DOM
9. 2026-06-07
   days on market $199,900 Active 16 DOM
10. 2026-06-05
    days on market $199,900 Active 13 DOM
11. 2026-06-03
    days on market $199,900 Active 12 DOM
12. 2026-06-02
    days on market $199,900 Active 11 DOM
13. 2026-06-01
    days on market $199,900 Active 10 DOM
14. 2026-05-31
    days on market $199,900 Active 9 DOM
15. 2026-05-21
    listed $199,900 Active
16. 2012-10-10
    historical 221-char remark

    Show marketing remark (221 chars)

    1 1/2 story duplex located in the city of Milwaukee. Property is being sold in as-is condition and no condition report will be provided. Please allow 3 business days for sellers verbal response and 10 days for signatures.

17. 2012-10-10
    listed $15,000 221-char remark

    Show marketing remark (221 chars)

    1 1/2 story duplex located in the city of Milwaukee. Property is being sold in as-is condition and no condition report will be provided. Please allow 3 business days for sellers verbal response and 10 days for signatures.

18. 2012-10-09
    listed $100,000
19. 2012-10-09
    historical
20. 2012-10-09
    historical
21. 2012-10-09
    listed $92,000
22. 2012-02-25
    listed $109,000
23. 2012-02-25
    historical
24. 2009-11-09
    soldstatus $14,000 221-char remark

    Show marketing remark (221 chars)

    1 1/2 story duplex located in the city of Milwaukee. Property is being sold in as-is condition and no condition report will be provided. Please allow 3 business days for sellers verbal response and 10 days for signatures.

ⓘ 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 ≥98°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: $24,600
• − Mortgage interest: −$11,035
• − Property taxes: −$2,955
• − Insurance: −$985
• − Repairs & maintenance: −$1,968
• − Management: −$1,968
• − Depreciation: −$5,731
• Taxable loss: −$42
• Est. tax savings @ 24.0%: +$10
• After-tax cash flow: $3,107/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): 30,345
• Household income: $46,752
• Rent vs Own: 52.7% rent · 47.3% own
• Severe rent burden: 2202.0

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 (81%)
• Race & ethnicity: Black 81% White 9% Hispanic / Latino 5% Two or more races 5% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 1%
• Foreign-born: 3% · Canada, Philippines, China
• Languages at home: 93% English-only · Spanish 4% Other Asian/Pacific 2%

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: ▲ 1.33%
• Current HPI: 381.0954
• Rent YoY: ▲ 7.01%
• 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

+1327.9% since first listed

10 events — show timeline

• 2026-05-21 Listed $199,900 METROMLS
• 2012-10-10 Listed $15,000 METROMLS
• 2012-10-10 Listing Removed — METROMLS
• 2012-10-09 Listing Removed — METROMLS
• 2012-10-09 Listed $100,000 METROMLS
• 2012-10-09 Listed $92,000 METROMLS
• 2012-10-09 Listing Removed — METROMLS
• 2012-02-25 Listing Removed — METROMLS
• 2012-02-25 Listed $109,000 METROMLS
• 2009-11-09 Sold (MLS) $14,000 METROMLS