5432 N 41st St · Milwaukee, WI 53209

$130,000

3 bd · 1.5 ba · 1,226 sqft · SingleFamily public records · 55 Days on market

Built 1924 5,227 sqft lot $106/sqft · 16% below area Est $155k · 16% 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 +22.8/30.0
• ARV discount +14.9/15.0
• DSCR +7.3/10.0
• 1% rule +6.2/10.0
• Rent growth +4.7/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious stone Bungalow with eat-in Kitchen. Formal dining room with built-in cabinets. Hardwood floors through much of this home. 2 bedrooms and a full bath complete the first floor. Nice size third bedroom upstairs. 2 car off street parking in back.

Key facts

• Beautiful built-ins
• 5,227 sq ft lot
• 2 garage spots

Tags

• DEDICATED DINING ROOM
• BEAUTIFUL BUILT-INS
• WELCOMING FRONT PORCH

Property features AI

Exterior

• Parking: 2-car garage; 1 additional parking space
• Utilities: Municipal water; Municipal sewer
• Home design: 1.5-story single-family home; Less than 1/2 acre lot (approx. 0.12 acre)
• Construction: Information source for year built: Assessor/Public Record
• Exterior features: Stone and brick/stone exterior; Sidewalks on the lot

Interior

• Kitchen: Kitchen on main level — 12 x 9
• Bedrooms: Master bedroom (Upper) — 15 x 15; Bedroom 2 (Main) — 10 x 10; Bedroom 3 (Main) — 9 x 9
• Bathrooms: One full bath with shower over tub; One half bath
• Heating & cooling: Forced air heating; Natural gas heating
• Interior features: Full block basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $227 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $126k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.4% 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 (+8.6%/yr); 168 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).
• This rent runs 36% of the median local income ($48k/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 $899 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $36k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 13y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $92k; 41% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $126,100 (3.0% below list)

Questions for the listing agent

1. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.12% ✓
• Cap rate: 8.38%
• Cash-on-cash: 7.47%
• DSCR: 1.33
• GRM: 7.5

CMA / ARV

• ARV (median comp): $155,413
• List price: $130,000
• Delta: -16.35%
• 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
5331 N 37th St	0.25mi	3/1.0	1,306 (+6%)	0mo	$133,000	$102	75
5324 N 49th St	0.54mi	3/1.0	1,269 (+4%)	1mo	$130,000	$102	67
5931 N 42nd St	0.63mi	3/1.5	1,183 (-4%)	0mo	$220,000	$186	64
5378 N 36th St	0.31mi	4/2.0 (+1)	1,345 (+10%)	1mo	$165,000	$123	62
5342 N 51st Blvd	0.65mi	3/1.0	1,285 (+5%)	3mo	$195,000	$152	58
5324 N 34th St	0.45mi	4/1.0 (+1)	1,324 (+8%)	2mo	$75,000	$57	57
5751 N 38th St	0.46mi	3/1.0	1,042 (-15%)	1mo	$146,400	$140	51
5866 N 39th St	0.57mi	3/1.0	1,052 (-14%)	1mo	$85,000	$81	47
4926 N 37th St	0.68mi	3/1.0	1,357 (+11%)	2mo	$138,500	$102	46
5515 N 52nd St	0.74mi	4/1.0 (+1)	1,146 (-6%)	2mo	$109,000	$95	46
4235 W Fairmount Ave	0.59mi	3/2.0	1,044 (-15%)	1mo	$150,000	$144	45
5936 N 35th St	0.74mi	3/1.0	1,358 (+11%)	1mo	$163,000	$120	45

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 0.7%
• Equity multiple: 1.03×
• Total profit: $1,068
• Equity at exit: $19,383

10-year hold

• IRR: 15.0%
• Equity multiple: 2.50×
• Total profit: $54,562
• Equity at exit: $11,240

Cash invested: $36,400 (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 53209

• Rents YoY: 8.6%
• Active inventory: 168
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,451 high
• Mortgage (P&I): −$682
• Tax from tax record: −$184 /mo · $2,210/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $227

Break-even live

Break-even rent $1,165

Max offer price $130,000

Occupancy floor 79%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5435 N 40th St Milwaukee, WI	2.0	1.0	850	$1,150	$1.35	17d	1	0.03mi
5541 N 35th St #5543 Milwaukee, WI	3.0	1.0	1130	$1,195	$1.06	4d	1	0.36mi
5696 N 42nd St Milwaukee, WI	4.0	1.0	1023	$1,495	$1.46	24d	1	0.38mi
4334 W Eggert Pl Milwaukee, WI	4.0	1.0	1077	$1,695	$1.57	24d	1	0.41mi
4340 W Eggert Pl Milwaukee, WI	4.0	1.0	1066	$1,695	$1.59	24d	1	0.42mi
5237 N 34th St Unit 5237 Lower Milwaukee, WI	2.0	1.0	956	$1,350	$1.41	24d	1	0.44mi
5165-5167 N 45th St Unit 5165 Milwaukee, WI	3.0	1.0	1020	$1,200	$1.18	17d	1	0.45mi
4610 W Eggert Pl #4612 Milwaukee, WI	3.0	1.0	852	$1,095	$1.29	24d	1	0.51mi
5050 N 47th St Milwaukee, WI	2.0	1.0	1092	$1,700	$1.56	44d	1	0.61mi
5073 N 48th St Milwaukee, WI	4.0	1.0	1152	$1,595	$1.38	15d	1	0.65mi
5884 N 35th St Milwaukee, WI	2.0	1.0	1200	$1,500	$1.25	44d	1	0.70mi
5032 N 32nd St Milwaukee, WI	3.0	2.0	1089	$1,750	$1.61	12d	1	0.72mi
4852 N 48th St Unit 4852 Milwaukee, WI	2.0	1.0	830	$995	$1.20	2d	1	0.84mi
3931 W Kaul Ave Milwaukee, WI	3.0	1.0	1400	$1,695	$1.21	44d	1	0.88mi
6110 N 39th St Milwaukee, WI	2.0	1.0	703	$1,395	$1.98	4d	1	0.92mi
4702 N 44th St Milwaukee, WI	3.0	2.0	1050	$1,850	$1.76	44d	1	0.95mi
4661 N 38th St Unit 4661 Milwaukee, WI	2.0	1.0	1000	$845	$0.84	15d	1	0.97mi
4727 N 46th St Milwaukee, WI	3.0	1.0	936	$1,700	$1.82	44d	1	0.97mi
6148 N 39th St Milwaukee, WI	2.0	1.0	792	$1,175	$1.48	44d	1	0.97mi
4703 N 45th St Milwaukee, WI	3.0	1.0	1031	$1,695	$1.64	24d	1	0.97mi
4651 N 36th St #4 Milwaukee, WI	2.0	1.0	747	$945	$1.27	24d	1	1.00mi
5688 N 56th St Milwaukee, WI	3.0	1.0	850	$1,445	$1.70	12d	1	1.05mi
4640 N 51st Blvd Milwaukee, WI	2.0	1.0	1075	$1,275	$1.19	44d	1	1.20mi
4479A N 44th St Milwaukee, WI	2.0	1.0	1000	$895	$0.90	44d	1	1.21mi
5657 N 60th St #5659 Milwaukee, WI	3.0	1.0	878	$995	$1.13	17d	1	1.23mi
4900 N 58th St Milwaukee, WI	3.0	1.0	1455	$1,450	$1.00	4d	1	1.28mi
5830 N 61st St Milwaukee, WI	3.0	1.0	1024	$1,450	$1.42	44d	1	1.33mi
6221 W Thurston Ave #6223 Milwaukee, WI	3.0	1.0	800	$1,100	$1.38	20d	1	1.36mi
6046 N 61st St Unit 1 Milwaukee, WI	3.0	1.0	1200	$1,345	$1.12	24d	1	1.45mi
6046 N 61st St Unit 2 Milwaukee, WI	3.0	1.0	1250	$1,395	$1.12	44d	1	1.45mi
5659 N 64th St Unit 5659A Milwaukee, WI	2.0	1.0	1091	$1,300	$1.19	44d	1	1.47mi

Listing history 41 events

1. 2026-06-18
   days on market $130,000 Active 55 DOM
2. 2026-06-17
   days on market $130,000 Active 54 DOM
3. 2026-06-16
   days on market $130,000 Active 53 DOM
4. 2026-06-15
   days on market $130,000 Active 52 DOM
5. 2026-06-13
   days on market $130,000 Active 50 DOM
6. 2026-06-13
   days on market $130,000 Active 49 DOM
7. 2026-06-09
   days on market $130,000 Active 46 DOM
8. 2026-06-08
   days on market $130,000 Active 45 DOM
9. 2026-06-07
   days on market $130,000 Active 44 DOM
10. 2026-06-05
    days on market $130,000 Active 41 DOM
11. 2026-06-03
    days on market $130,000 Active 40 DOM
12. 2026-06-02
    days on market $130,000 Active 39 DOM
13. 2026-06-01
    days on market $130,000 Active 38 DOM
14. 2026-05-31
    days on market $130,000 Active 37 DOM
15. 2026-05-08
    price $130,000 694-char remark
16. 2026-04-24
    listed $139,990 Active 694-char remark
17. 2023-12-12
    soldstatus $92,000
18. 2023-10-19
    soldstatus $92,000 Sold 252-char remark

    Show marketing remark (252 chars)

    Spacious stone Bungalow with eat-in Kitchen. Formal dining room with built-in cabinets. Hardwood floors through much of this home. 2 bedrooms and a full bath complete the first floor. Nice size third bedroom upstairs. 2 car off street parking in back.

19. 2023-09-07
    historical Contingent 252-char remark

    Show marketing remark (252 chars)

    Spacious stone Bungalow with eat-in Kitchen. Formal dining room with built-in cabinets. Hardwood floors through much of this home. 2 bedrooms and a full bath complete the first floor. Nice size third bedroom upstairs. 2 car off street parking in back.

20. 2023-08-26
    price $99,000 252-char remark

    Show marketing remark (252 chars)

    Spacious stone Bungalow with eat-in Kitchen. Formal dining room with built-in cabinets. Hardwood floors through much of this home. 2 bedrooms and a full bath complete the first floor. Nice size third bedroom upstairs. 2 car off street parking in back.

21. 2023-08-14
    price $106,000 252-char remark

    Show marketing remark (252 chars)

    Spacious stone Bungalow with eat-in Kitchen. Formal dining room with built-in cabinets. Hardwood floors through much of this home. 2 bedrooms and a full bath complete the first floor. Nice size third bedroom upstairs. 2 car off street parking in back.

22. 2023-08-08
    price $112,000 252-char remark

    Show marketing remark (252 chars)

    Spacious stone Bungalow with eat-in Kitchen. Formal dining room with built-in cabinets. Hardwood floors through much of this home. 2 bedrooms and a full bath complete the first floor. Nice size third bedroom upstairs. 2 car off street parking in back.

23. 2023-08-02
    price $118,000 252-char remark

    Show marketing remark (252 chars)

    Spacious stone Bungalow with eat-in Kitchen. Formal dining room with built-in cabinets. Hardwood floors through much of this home. 2 bedrooms and a full bath complete the first floor. Nice size third bedroom upstairs. 2 car off street parking in back.

24. 2023-07-17
    price $122,000 252-char remark

    Show marketing remark (252 chars)

    Spacious stone Bungalow with eat-in Kitchen. Formal dining room with built-in cabinets. Hardwood floors through much of this home. 2 bedrooms and a full bath complete the first floor. Nice size third bedroom upstairs. 2 car off street parking in back.

25. 2023-07-08
    listed $129,900 Active 252-char remark

    Show marketing remark (252 chars)

    Spacious stone Bungalow with eat-in Kitchen. Formal dining room with built-in cabinets. Hardwood floors through much of this home. 2 bedrooms and a full bath complete the first floor. Nice size third bedroom upstairs. 2 car off street parking in back.

26. 2021-02-19
    soldstatus $63,800
27. 2021-01-27
    soldstatus $60,000 Sold

    Show marketing remark (159 chars)

    One party listing. This was sold as a bulk package - see MLS 1729636, 1729639, 1729641, 1729644, 1729646, 1729648, 1729653, 1729655, 1729656, & 1727436.

28. 2021-01-27
    listed $65,000 Active

    Show marketing remark (159 chars)

    One party listing. This was sold as a bulk package - see MLS 1729636, 1729639, 1729641, 1729644, 1729646, 1729648, 1729653, 1729655, 1729656, & 1727436.

29. 2019-05-13
    historical
30. 2019-05-03
    listed $79,900 Active
31. 2018-12-19
    historical
32. 2018-12-03
    historical Contingent
33. 2018-08-31
    listed $78,000 Active
34. 2017-04-06
    historical
35. 2017-01-24
    historical Contingent
36. 2017-01-13
    listed $27,500 Active
37. 2014-08-15
    soldstatus $539,900
38. 2013-05-23
    historical
39. 2013-05-23
    listed $21,900
40. 2012-08-08
    soldstatus $20,900
41. 1995-11-01
    soldstatus $51,000

ⓘ 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: $2,210 · $184/mo
• Projected year-2 tax: $2,308 · $192/mo
• Expected delta: +$97/yr (+$8/mo · 4.4%)

ⓘ 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 ≥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: $17,417
• − Mortgage interest: −$7,282
• − Property taxes: −$2,210
• − Insurance: −$650
• − Repairs & maintenance: −$1,393
• − Management: −$1,393
• − Depreciation: −$3,782
• Taxable income: $706
• Est. tax owed @ 24.0%: −$169
• After-tax cash flow: $2,549/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): 45,170
• Household income: $48,486
• Rent vs Own: 56.2% rent · 43.8% own
• Severe rent burden: 3390.0

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 (66%)
• Race & ethnicity: Black 66% White 22% Hispanic / Latino 5% Two or more races 5% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 3% Portuguese 1% Iranian 1%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 4% Other Asian/Pacific 1% Russian/Polish/Slavic 1%

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: ▼ -194.98%
• Current HPI: 172.4275
• Rent YoY: ▲ 8.61%
• 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

+154.9% since first listed

27 events — show timeline

• 2026-05-08 Price Changed $130,000 METROMLS
• 2026-04-24 Listed $139,990 METROMLS
• 2023-12-12 Sold (Public Records) $92,000 Public Records
• 2023-10-19 Sold (MLS) $92,000 METROMLS
• 2023-09-07 Contingent — METROMLS
• 2023-08-26 Price Changed $99,000 METROMLS
• 2023-08-14 Price Changed $106,000 METROMLS
• 2023-08-08 Price Changed $112,000 METROMLS
• 2023-08-02 Price Changed $118,000 METROMLS
• 2023-07-17 Price Changed $122,000 METROMLS
• 2023-07-08 Listed $129,900 METROMLS
• 2021-02-19 Sold (Public Records) $63,800 Public Records
• 2021-01-27 Listed $65,000 METROMLS
• 2021-01-27 Sold (MLS) $60,000 METROMLS
• 2019-05-13 Listing Removed — METROMLS
• 2019-05-03 Listed $79,900 METROMLS
• 2018-12-19 Listing Removed — METROMLS
• 2018-12-03 Contingent — METROMLS
• 2018-08-31 Listed $78,000 METROMLS
• 2017-04-06 Listing Removed — METROMLS
• 2017-01-24 Contingent — METROMLS
• 2017-01-13 Listed $27,500 METROMLS
• 2014-08-15 Sold (Public Records) $539,900 Public Records
• 2013-05-23 Listed $21,900 METROMLS
• 2013-05-23 Listing Removed — METROMLS
• 2012-08-08 Sold (MLS) $20,900 METROMLS
• 1995-11-01 Sold (Public Records) $51,000 Public Records

Property tax history

+3.5%/yr

Latest (2024): $2,210 · +13.4% YoY. Source: county tax records.