3378 N 30th St · Milwaukee, WI 53216

$15,000

4 bd · 1.0 ba · 1,296 sqft · SingleFamily public records · 62 Days on market

Built 1916 3,049 sqft lot $12/sqft · 76% below area

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

Listing remarks MLS

City owned single family needing extensive repair. Open to owner and investor offers. District 7. $31,060 in essential repairs. Performance deposit required - buyer must complete essential repairs within 180 days and have City provide proof of completion for performance deposit return. Bring flashlights & use caution when entering. Note: City of Milwaukee Tax Foreclosure Property. Listing info not verified. This property is being sold in AS-IS condition

Key facts

• 3,049 sq ft lot
• Built 1916
• Listed 62 days

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $15k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $15k).
• Recommended offer: $14k (6.0% below list) — sets the bar for market timing.
• Cap rate 95.9% 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); 131 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 40% of the median local income ($47k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $303 of equity ($104 loan paydown + $199 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 $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($14k) 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 1916 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $14,100 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1916 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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 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: 10.33% ✓
• Cap rate: 95.95%
• Cash-on-cash: 320.19%
• DSCR: 15.25
• GRM: 0.8

CMA / ARV

• ARV (median comp): $62,629
• List price: $15,000
• Delta: -76.05%
• 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
3342 N 26th St	0.26mi	5/1.5 (+1)	1,285 (-1%)	2mo	$66,500	$52	78
3124 N 29th St	0.35mi	3/1.0 (-1)	1,270 (-2%)	9mo	$120,000	$94	68
3354 N 26th St	0.25mi	5/2.0 (+1)	1,342 (+4%)	8mo	$57,000	$42	67
3812 N 27th St	0.44mi	3/1.0 (-1)	1,372 (+6%)	3mo	$79,900	$58	62
3741 N 25th St	0.43mi	3/2.0 (-1)	1,397 (+8%)	2mo	$195,000	$140	56
3828 N 26th St	0.49mi	3/1.0 (-1)	1,177 (-9%)	7mo	$25,000	$21	51
3908 N 25th St	0.60mi	3/1.0 (-1)	1,179 (-9%)	1mo	$73,200	$62	51
3221 N 38th St	0.58mi	3/1.0 (-1)	1,174 (-9%)	3mo	$75,000	$64	50
2929 N 25th St	0.66mi	3/2.5 (-1)	1,349 (+4%)	4mo	$200,000	$148	48
3724 N 37th St	0.53mi	3/2.0 (-1)	1,440 (+11%)	0mo	$175,000	$122	48
2234 W Melvina St	0.71mi	3/1.0 (-1)	1,128 (-13%)	5mo	$98,000	$87	36
3448 N 41st St	0.68mi	3/2.0 (-1)	1,104 (-15%)	6mo	$233,000	$211	29

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: —
• Equity multiple: 19.67×
• Total profit: $78,427
• Equity at exit: $5,379

10-year hold

• IRR: —
• Equity multiple: 46.81×
• Total profit: $192,410
• Equity at exit: $7,352

Cash invested: $4,200 (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: 131
• Price-to-rent: 0.8×

Monthly cashflow live

• Estimated rent: $1,550 high
• Mortgage (P&I): −$79
• Tax est. 1.5%: −$19 /mo · $225/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $1,121

Break-even live

Break-even rent $131

Max offer price $15,000

Occupancy floor 23%

Sensitivity live

Price	-10% $1,131	-5% $1,126	+0% $1,121	+5% $1,115	+10% $1,110
Rent	-10% $998	-5% $1,059	+0% $1,121	+5% $1,182	+10% $1,243
Rate	-1.0pp $1,128	-0.5pp $1,124	base $1,121	+0.5pp $1,117	+1.0pp $1,113

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: $3,750
• Closing costs: $450
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2821 W Concordia Ave Milwaukee, WI	3.0	1.5	1098	$1,595	$1.45	4d	1	0.17mi
3388 N 27th St Unit 3388 Front House Milwaukee, WI	4.0	1.0	1212	$1,550	$1.28	7d	1	0.21mi
2704 W Concordia Ave Unit Na Milwaukee, WI	5.0	2.0	1856	$2,500	$1.35	26d	1	0.21mi
2106A W Keefe Ave Unit 2106 Lower Milwaukee, WI	3.0	1.0	1300	$1,100	$0.85	19d	1	0.63mi
2870 N 29th St #2872 Milwaukee, WI	3.0	1.0	1300	$1,250	$0.96	46d	1	0.68mi
2945 N 23rd St Milwaukee, WI	3.0	1.0	1014	$1,195	$1.18	46d	1	0.76mi
3122 N 42nd St Milwaukee, WI	3.0	1.0	1323	$1,495	$1.13	7d	1	0.81mi
3123 N 42nd St Milwaukee, WI	4.0	1.0	1500	$1,700	$1.13	26d	1	0.84mi
2765 N 26th St Unit 1 Milwaukee, WI	3.0	1.0	1125	$1,200	$1.07	7d	1	0.84mi
3100 W Center St Milwaukee, WI	2.0–3.0	1.0–2.0	1074	$1,531	$1.42	0d	4	0.90mi
3925 N 42nd St Milwaukee, WI	3.0	1.0	1300	$1,675	$1.29	46d	1	0.91mi
3416 N 17th St Unit 1 Milwaukee, WI	3.0	1.0	1200	$1,100	$0.92	46d	1	0.96mi
2116 W Atkinson Ave Unit A Milwaukee, WI	4.0	1.0	1707	$2,000	$1.17	0d	1	0.97mi
2741 N 23rd St Unit 2 Milwaukee, WI	3.0	1.0	1000	$1,100	$1.10	19d	1	0.97mi
2741 N 23rd St Milwaukee, WI	3.0	1.0	900	$1,050	$1.17	17d	1	0.97mi
2809 W Clarke St Unit 12811 Milwaukee, WI	3.0	1.0	1400	$1,200	$0.86	19d	1	1.05mi
2308 W Clarke St Milwaukee, WI	4.0	2.0	1545	$1,750	$1.13	26d	1	1.13mi
3298 N 13th St Milwaukee, WI	3.0	1.0	885	$895	$1.01	46d	1	1.22mi
2713 N 44th St Milwaukee, WI	3.0	1.0	1450	$1,350	$0.93	46d	1	1.27mi
2976 N 49th St Milwaukee, WI	3.0	1.0	1700	$1,300	$0.76	19d	1	1.30mi
3045 N 11th St #3047 Milwaukee, WI	3.0	1.0	1065	$1,175	$1.10	7d	1	1.37mi
2403-2405 N 39th St Unit 2403 Lower Milwaukee, WI	3.0	1.0	1200	$995	$0.83	13d	1	1.40mi
2403-2405 N 39th St Unit 2405 Upper Milwaukee, WI	3.0	1.0	1141	$995	$0.87	13d	1	1.40mi
3155 N 52nd St Milwaukee, WI	3.0	2.0	1300	$1,400	$1.08	46d	1	1.44mi
2203 N 28th St Milwaukee, WI	3.0	1.0	1000	$1,100	$1.10	0d	1	1.50mi

Listing history 15 events

1. 2026-05-06
   status Pending 463-char remark

   Show marketing remark (463 chars)

   City owned single family needing extensive repair. Open to owner and investor offers. District 7. $31,060 in essential repairs. Performance deposit required - buyer must complete essential repairs within 180 days and have City provide proof of completion for performance deposit return. Bring flashlights & use caution when entering. Note: City of Milwaukee Tax Foreclosure Property. Listing info not verified. This property is being sold in AS-IS condition

2. 2026-03-04
   listed $15,000 Active 463-char remark

   Show marketing remark (463 chars)

   City owned single family needing extensive repair. Open to owner and investor offers. District 7. $31,060 in essential repairs. Performance deposit required - buyer must complete essential repairs within 180 days and have City provide proof of completion for performance deposit return. Bring flashlights & use caution when entering. Note: City of Milwaukee Tax Foreclosure Property. Listing info not verified. This property is being sold in AS-IS condition

3. 2026-02-17
   status Pending 238-char remark

   Show marketing remark (238 chars)

   This is a tax foreclosed property. For the first 30-days of the listing period, no offers below the listing price will be considered per Wisconsin Foreclosure Law. Owner Occupants will be prioritized. BIDS DUE FEBRUARY 16, 2026 AT 10:00am

4. 2026-02-17
   historical 238-char remark

   Show marketing remark (238 chars)

   This is a tax foreclosed property. For the first 30-days of the listing period, no offers below the listing price will be considered per Wisconsin Foreclosure Law. Owner Occupants will be prioritized. BIDS DUE FEBRUARY 16, 2026 AT 10:00am

5. 2026-01-12
   listed $53,200 Active 238-char remark

   Show marketing remark (238 chars)

   This is a tax foreclosed property. For the first 30-days of the listing period, no offers below the listing price will be considered per Wisconsin Foreclosure Law. Owner Occupants will be prioritized. BIDS DUE FEBRUARY 16, 2026 AT 10:00am

6. 2015-07-17
   soldstatus $14,900 Sold
7. 2015-07-07
   status Pending
8. 2015-07-04
   historical Contingent
9. 2015-06-29
   status Active
10. 2015-06-23
    historical Contingent
11. 2015-06-09
    listed $14,900 Active
12. 2013-02-10
    listed $25,000
13. 2013-02-10
    historical
14. 2006-09-19
    soldstatus $85,000
15. 1972-03-01
    soldstatus $12,900

ⓘ 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: $18,597
• − Mortgage interest: −$840
• − Property taxes: −$225
• − Insurance: −$75
• − Repairs & maintenance: −$1,488
• − Management: −$1,488
• − Depreciation: −$436
• Taxable income: $14,045
• Est. tax owed @ 24.0%: −$3,371
• After-tax cash flow: $10,077/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

+16.3% since first listed

15 events — show timeline

• 2026-05-06 Pending — METROMLS
• 2026-03-04 Listed $15,000 METROMLS
• 2026-02-17 Pending — METROMLS
• 2026-02-17 Listing Removed — METROMLS
• 2026-01-12 Listed $53,200 METROMLS
• 2015-07-17 Sold (MLS) $14,900 METROMLS
• 2015-07-07 Pending — METROMLS
• 2015-07-04 Contingent — METROMLS
• 2015-06-29 Relisted — METROMLS
• 2015-06-23 Contingent — METROMLS
• 2015-06-09 Listed $14,900 METROMLS
• 2013-02-10 Listing Removed — METROMLS
• 2013-02-10 Listed $25,000 METROMLS
• 2006-09-19 Sold (Public Records) $85,000 Public Records
• 1972-03-01 Sold (Public Records) $12,900 Public Records

Property tax history

+2.2%/yr

Latest (2024): $1,133 · -81.6% YoY. Source: county tax records.