1506 68th St · Kenosha, WI 53143

$230,000

4 bd · 2.0 ba · 1,536 sqft · MultiFamily public records · 38 Days on market

Built 1916 4,356 sqft lot $150/sqft · 18% above area Est $196k · 18% over

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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 +28.8/30.0
• DSCR +10.0/10.0
• 1% rule +7.3/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• 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

Great Investment Opportunity! Don't miss your chance to own this Duplex located in the heart of Kenosha. A great option for investors or owner occupants looking to generate rental income. Two units with 2 bedrooms and1 bathroom. The property also includes convenient driveway parking. With consistent tenant demand and a central location close to shopping, dining, and public transportation, this is a smart addition to any portfolio. Multiple properties available - can be sold as a package deal! can be sold as a package deal! 6745 14th Ave (MLS#1933039)

Key facts

• New flat roof
• New soffit
• Driveway parking

Tags

• DUPLEX
• DRIVEWAY PARKING
• NEW FLAT ROOF
• NEW FASCIA
• NEW SOFFIT
• FRESHLY PAINTED PORCH

Property features AI

Finance

• Other: Property listed inclusions: 2 oven/ranges and 2 refrigerators; Exclusions: tenants' personal property

Exterior

• Parking: 1 parking space
• Utilities: Municipal water; Municipal sewer
• Home design: 2-story duplex; Multi-family property
• Construction: Assessor/public record year built (exact year not provided)
• Exterior features: Vinyl exterior; Lot under 1/2 acre (approximately 0.1 acre); Zoned RG1

Interior

• Kitchen: Unit 2 kitchen on main level; Includes 2 oven/ranges and 2 refrigerators (inclusions list)
• Bedrooms: Unit 1: 2 bedrooms; Unit 2: 2 bedrooms (master on main level)
• Bathrooms: Unit 1: 1 full bathroom; Unit 2: 1 full bathroom
• Interior features: Full basement; Duplex (2 units)
• Laundry & utility: No specific laundry details provided

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $230k.

Deal economics

• At list price, monthly cash flow is $770 ($9k/yr) — positive. Per door: $385/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $230k).
• Recommended offer: $223k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.3% vs local median 3.8% 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-.
• 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.
• Zoned schools: Brass Community School (math 2% / reading 2%, grade F, #1,024 of 1,041 statewide, top 100%, 328 students, 94% FRL); Lincoln Middle (math 8% / reading 13%, grade F, #370 of 383 statewide, top 97%, 449 students, 82% FRL); Tremper High (math 13% / reading 25%, grade F, #395 of 483 statewide, top 82%, 1,540 students, 45% FRL) — zoned schools average 74% FRL vs 45% district-wide (29 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 11% at this address vs 28% district-wide (-18 pts) — the specific schools serving this property underperform the Kenosha School District average; the district grade overstates school quality for this exact location.
• Market conditions: 34 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 259 units permitted in Kenosha County in 2024 (8 in 5+ unit buildings).
• At $2,829/mo this rent would consume 50% of the median local household income ($68k/yr) (locally 813% 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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $64k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($223k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y 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 $74k; list at $230k implies a 213% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1916 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $223,100 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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 1916 — 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. 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.
8. 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.
9. 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: 1.23% ✓
• Cap rate: 10.31%
• Cash-on-cash: 14.35%
• DSCR: 1.64
• GRM: 6.8

CMA / ARV

• ARV (median comp): $195,635
• List price: $230,000
• Delta: 17.57%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7005 13th Ave #7007	0.20mi	3/2.0 (-1)	1,583 (+3%)	13mo	$225,000	$142	70
1610 76th St	0.50mi	4/2.0	1,532 (-0%)	9mo	$250,000	$163	69
6914 22nd Ave	0.40mi	3/2.0 (-1)	1,603 (+4%)	4mo	$171,777	$107	65
904 72nd St	0.38mi	3/2.0 (-1)	1,612 (+5%)	13mo	$229,900	$143	59
2218 66th St	0.47mi	4/2.0	1,630 (+6%)	15mo	$186,000	$114	56
6826 22nd Ave	0.39mi	4/2.0	1,760 (+15%)	2mo	$270,000	$153	55
6603 23rd Ave	0.47mi	4/2.0	1,729 (+13%)	7mo	$220,000	$127	52
6545 5th Ave	0.62mi	3/2.0 (-1)	1,679 (+9%)	1mo	$260,000	$155	50
7116 27th Ave	0.73mi	3/2.0 (-1)	1,665 (+8%)	4mo	$254,900	$153	44
6827 25th Ave	0.55mi	4/2.0	1,764 (+15%)	9mo	$226,500	$128	42
6628 25th Ave	0.59mi	3/2.0 (-1)	1,713 (+12%)	13mo	$227,000	$133	37
1706 59th St	0.71mi	3/2.0 (-1)	1,342 (-13%)	18mo	$130,000	$97	26

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 4.7%
• Equity multiple: 1.18×
• Total profit: $11,734
• Equity at exit: $34,294

10-year hold

• IRR: 14.2%
• Equity multiple: 2.14×
• Total profit: $73,223
• Equity at exit: $19,886

Cash invested: $64,400 (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 53143

• Active inventory: 34
• Price-to-rent: 13.6×

Monthly cashflow live

• Estimated rent: $2,829 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$163 /mo · $1,956/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$594
• Net cashflow: $770

Break-even live

Break-even rent $1,854

Max offer price $230,000

Occupancy floor 68%

Sensitivity live

Price	-10% $900	-5% $835	+0% $770	+5% $705	+10% $640
Rent	-10% $546	-5% $658	+0% $770	+5% $882	+10% $993
Rate	-1.0pp $886	-0.5pp $828	base $770	+0.5pp $710	+1.0pp $650

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,828
Total (2 units)			$2,829

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1809 60th St Kenosha, WI	3.0	1.0	1100	$1,500	$1.36	45d	1	0.61mi
7719 15th Ave Kenosha, WI	4.0	2.0	1898	$2,599	$1.37	20d	1	0.64mi
1819 58th St Kenosha, WI	3.0	1.5	1065	$1,795	$1.69	0d	1	0.71mi
5807 20th Ave Unit 2 Kenosha, WI	3.0	1.0	1064	$2,400	$2.26	20d	1	0.73mi
1510 57th St Unit 2 Kenosha, WI	4.0	2.0	1700	$1,800	$1.06	45d	1	0.76mi
5432 23rd Ave Kenosha, WI	4.0	2.0	1400	$1,695	$1.21	5d	1	1.02mi

Listing history 25 events

1. 2026-06-21
   days on market $230,000 Active 38 DOM
2. 2026-06-18
   days on market $230,000 Active 35 DOM
3. 2026-06-17
   days on market $230,000 Active 34 DOM
4. 2026-06-16
   days on market $230,000 Active 33 DOM
5. 2026-06-15
   days on market $230,000 Active 32 DOM
6. 2026-06-13
   days on market $230,000 Active 30 DOM
7. 2026-06-09
   days on market $230,000 Active 26 DOM
8. 2026-06-08
   days on market $230,000 Active 25 DOM
9. 2026-06-07
   days on market $230,000 Active 24 DOM
10. 2026-06-04
    days on market $230,000 Active 21 DOM
11. 2026-06-03
    days on market $230,000 Active 20 DOM
12. 2026-06-02
    days on market $230,000 Active 19 DOM
13. 2026-06-01
    days on market $230,000 Active 18 DOM
14. 2026-05-31
    days on market $230,000 Active 17 DOM
15. 2026-05-14
    listed $230,000 Active 609-char remark
16. 2026-02-02
    historical 556-char remark

    Show marketing remark (556 chars)

    Great Investment Opportunity! Don't miss your chance to own this Duplex located in the heart of Kenosha. A great option for investors or owner occupants looking to generate rental income. Two units with 2 bedrooms and1 bathroom. The property also includes convenient driveway parking. With consistent tenant demand and a central location close to shopping, dining, and public transportation, this is a smart addition to any portfolio. Multiple properties available - can be sold as a package deal! can be sold as a package deal! 6745 14th Ave (MLS#1933039)

17. 2025-10-02
    price $245,000 556-char remark

    Show marketing remark (556 chars)

    Great Investment Opportunity! Don't miss your chance to own this Duplex located in the heart of Kenosha. A great option for investors or owner occupants looking to generate rental income. Two units with 2 bedrooms and1 bathroom. The property also includes convenient driveway parking. With consistent tenant demand and a central location close to shopping, dining, and public transportation, this is a smart addition to any portfolio. Multiple properties available - can be sold as a package deal! can be sold as a package deal! 6745 14th Ave (MLS#1933039)

18. 2025-08-29
    listed $260,000 Active 556-char remark

    Show marketing remark (556 chars)

    Great Investment Opportunity! Don't miss your chance to own this Duplex located in the heart of Kenosha. A great option for investors or owner occupants looking to generate rental income. Two units with 2 bedrooms and1 bathroom. The property also includes convenient driveway parking. With consistent tenant demand and a central location close to shopping, dining, and public transportation, this is a smart addition to any portfolio. Multiple properties available - can be sold as a package deal! can be sold as a package deal! 6745 14th Ave (MLS#1933039)

19. 2023-12-14
    historical $900
20. 2023-12-01
    price $900
21. 2023-11-02
    listed $950
22. 2018-10-24
    soldstatus $73,500 Sold

    Show marketing remark (315 chars)

    A great investment opportunity now available! This upper/lower duplex consists of two 2 bedroom 1 bath units. This is a solid building with one tenant month to month and the other unit vacant. Perfect for owner occupied or keep as a cash flowing investment property. Located close to schools, shopping, and transit.

23. 2018-09-21
    historical Contingent

    Show marketing remark (315 chars)

    A great investment opportunity now available! This upper/lower duplex consists of two 2 bedroom 1 bath units. This is a solid building with one tenant month to month and the other unit vacant. Perfect for owner occupied or keep as a cash flowing investment property. Located close to schools, shopping, and transit.

24. 2018-09-04
    listed $79,900 Active

    Show marketing remark (315 chars)

    A great investment opportunity now available! This upper/lower duplex consists of two 2 bedroom 1 bath units. This is a solid building with one tenant month to month and the other unit vacant. Perfect for owner occupied or keep as a cash flowing investment property. Located close to schools, shopping, and transit.

25. 1980-11-01
    soldstatus $22,000

ⓘ 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: $1,956 · $163/mo
• Projected year-2 tax: $3,106 · $259/mo
• Expected delta: +$1,150/yr (+$96/mo · 58.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% 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: $33,948
• − Mortgage interest: −$12,884
• − Property taxes: −$1,956
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,716
• − Management: −$2,716
• − Depreciation: −$6,691
• Taxable income: $5,836
• Est. tax owed @ 24.0%: −$1,401
• After-tax cash flow: $7,839/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): 20,889
• Household income: $68,343
• Rent vs Own: 40.9% rent · 59.1% own
• Severe rent burden: 813.0

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 59% Hispanic / Latino 21% Two or more races 18% Black 11% Asian 1%
• Hispanic origin (detail): Mexican 16% Puerto Rican 2%
• Common ancestry: Romanian 6% Portuguese 5% Lithuanian 2%
• Foreign-born: 6% · Canada, China
• Languages at home: 89% English-only · Spanish 10% Chinese 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: ▼ -220.75%
• Current HPI: 229.2067
• Rent YoY: —
• 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

+945.5% since first listed

11 events — show timeline

• 2026-05-14 Listed $230,000 METROMLS
• 2026-02-02 Listing Removed — METROMLS
• 2025-10-02 Price Changed $245,000 METROMLS
• 2025-08-29 Listed $260,000 METROMLS
• 2023-12-14 Rental Removed $900 APPFOLIO
• 2023-12-01 Price Changed $900 APPFOLIO
• 2023-11-02 Listed for Rent $950 APPFOLIO
• 2018-10-24 Sold (MLS) $73,500 METROMLS
• 2018-09-21 Contingent — METROMLS
• 2018-09-04 Listed $79,900 METROMLS
• 1980-11-01 Sold (Public Records) $22,000 Public Records

Property tax history

+1.7%/yr

Latest (2025): $1,956 · +5.6% YoY. Source: county tax records.