1912 N 27th St #1914 · Milwaukee, WI 53208

$115,999

6 bd · 2.0 ba · 2,768 sqft · MultiFamily · 22 Days on market

Built 1898 0.58 ac lot Est $136k · 14% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +14.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +5.0/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• 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

Cashflow Potential HERE! Now back on the market with some new repairs. Check out this JUMBO duplex! Upper unit has 3 bedrooms and is rented at $950 by longtime tenant of 3 years who hopes to stay and helps take care of the property. Lower 3bed unit is vacant and was most recently rented by Section 8 at $1,200! With rent potential of $2,000+ rents this property is ideal for investors seeking cashflow. This property also features a large, dry, attic which could be converted to another unit or additional living space - bring your ideas. There is so much potential here: add this investment property to your portfolio or call us to learn how you can start your investment journey as a househacker. Property being sold as-is

Key facts

• Large dry attic
• Jumbo duplex
• 0.58 acre lot

Tags

• JUMBO DUPLEX
• LARGE DRY ATTIC

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.0-bath units multifamily listed at $116k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive. Per door: $600/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $116k).
• Recommended offer: $114k (1.5% below list) — sets the bar for market timing.
• Cap rate 18.7% 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 (+10.8%/yr); 92 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).
• At $2,533/mo this rent would consume 58% of the median local household income ($53k/yr) (locally 1568% 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 $802 of loan paydown is wiped out by about $3k 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 $32k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 7 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.

Risks & watch-outs

• Watch-outs: built in 1898 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $114,259 (1.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1898 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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: 2.18% ✓
• Cap rate: 18.70%
• Cash-on-cash: 44.31%
• DSCR: 2.97
• GRM: 3.8

CMA / ARV

• ARV (on-the-fly): $135,632
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1912 N 27th St #1914	0.00mi	6/2.0	2,768 (0%)	1mo	$140,000	$51	99
2114 N 28th St #2116	0.21mi	6/2.0	2,682 (-3%)	3mo	$180,500	$67	83
2622 W Vine St #2624	0.01mi	6/2.0	2,459 (-11%)	4mo	$180,000	$73	78
1922 N 27th St #1924	0.01mi	5/2.0 (-1)	2,454 (-11%)	5mo	$90,000	$37	72
1331 N 22nd St #1333	0.61mi	6/2.0	2,634 (-5%)	1mo	$83,000	$32	62
2118 N 24th Pl #2120	0.28mi	6/2.0	3,089 (+12%)	7mo	$111,000	$36	62
1649 N 29th St #1651	0.24mi	6/2.0	2,382 (-14%)	6mo	$47,000	$20	61
3311 W Mckinley Blvd #3313	0.72mi	6/2.0	2,794 (+1%)	6mo	$180,000	$64	60
2223 N 17th St #2225	0.73mi	6/2.0	2,706 (-2%)	5mo	$70,000	$26	59
2201 N 33rd St	0.49mi	6/2.0	2,446 (-12%)	3mo	$186,300	$76	55
1932 W Brown St #1934	0.51mi	5/2.0 (-1)	2,448 (-12%)	2mo	$120,000	$49	50
3206 W Mckinley Blvd	0.63mi	6/4.0	2,968 (+7%)	3mo	$139,000	$47	48

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: 46.9%
• Equity multiple: 3.19×
• Total profit: $71,020
• Equity at exit: $17,296

10-year hold

• IRR: 54.8%
• Equity multiple: 7.81×
• Total profit: $221,292
• Equity at exit: $10,029

Cash invested: $32,480 (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 53208

• Home prices YoY: -27.1%
• Rents YoY: 10.8%
• Active inventory: 92
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,533 high
• Mortgage (P&I): −$608
• Tax est. 1.5%: −$145 /mo · $1,740/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$532
• Net cashflow: $1,199

Break-even live

Break-even rent $1,015

Max offer price $115,999

Occupancy floor 48%

Sensitivity live

Price	-10% $1,280	-5% $1,240	+0% $1,199	+5% $1,159	+10% $1,119
Rent	-10% $999	-5% $1,099	+0% $1,199	+5% $1,299	+10% $1,400
Rate	-1.0pp $1,258	-0.5pp $1,229	base $1,199	+0.5pp $1,169	+1.0pp $1,139

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$2,532
Total (2 units)			$2,533

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: $29,000
• Closing costs: $3,480
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2028 W Michigan St Milwaukee, WI	6.0	2.0	2005	$2,450	$1.22	11d	1	1.26mi

Listing history 18 events

1. 2026-02-17
   status Pending
2. 2026-01-26
   listed $115,999 Active
3. 2026-01-22
   historical 726-char remark

   Show marketing remark (726 chars)

   Cashflow Potential HERE! Now back on the market with some new repairs. Check out this JUMBO duplex! Upper unit has 3 bedrooms and is rented at $950 by longtime tenant of 3 years who hopes to stay and helps take care of the property. Lower 3bed unit is vacant and was most recently rented by Section 8 at $1,200! With rent potential of $2,000+ rents this property is ideal for investors seeking cashflow. This property also features a large, dry, attic which could be converted to another unit or additional living space - bring your ideas. There is so much potential here: add this investment property to your portfolio or call us to learn how you can start your investment journey as a househacker. Property being sold as-is

4. 2025-12-03
   status Active 726-char remark

   Show marketing remark (726 chars)

   Cashflow Potential HERE! Now back on the market with some new repairs. Check out this JUMBO duplex! Upper unit has 3 bedrooms and is rented at $950 by longtime tenant of 3 years who hopes to stay and helps take care of the property. Lower 3bed unit is vacant and was most recently rented by Section 8 at $1,200! With rent potential of $2,000+ rents this property is ideal for investors seeking cashflow. This property also features a large, dry, attic which could be converted to another unit or additional living space - bring your ideas. There is so much potential here: add this investment property to your portfolio or call us to learn how you can start your investment journey as a househacker. Property being sold as-is

5. 2025-11-24
   status Pending 726-char remark

   Show marketing remark (726 chars)

   Cashflow Potential HERE! Now back on the market with some new repairs. Check out this JUMBO duplex! Upper unit has 3 bedrooms and is rented at $950 by longtime tenant of 3 years who hopes to stay and helps take care of the property. Lower 3bed unit is vacant and was most recently rented by Section 8 at $1,200! With rent potential of $2,000+ rents this property is ideal for investors seeking cashflow. This property also features a large, dry, attic which could be converted to another unit or additional living space - bring your ideas. There is so much potential here: add this investment property to your portfolio or call us to learn how you can start your investment journey as a househacker. Property being sold as-is

6. 2025-10-24
   price $119,000 726-char remark

   Show marketing remark (726 chars)

   Cashflow Potential HERE! Now back on the market with some new repairs. Check out this JUMBO duplex! Upper unit has 3 bedrooms and is rented at $950 by longtime tenant of 3 years who hopes to stay and helps take care of the property. Lower 3bed unit is vacant and was most recently rented by Section 8 at $1,200! With rent potential of $2,000+ rents this property is ideal for investors seeking cashflow. This property also features a large, dry, attic which could be converted to another unit or additional living space - bring your ideas. There is so much potential here: add this investment property to your portfolio or call us to learn how you can start your investment journey as a househacker. Property being sold as-is

7. 2025-10-02
   listed $124,000 Active 726-char remark

   Show marketing remark (726 chars)

   Cashflow Potential HERE! Now back on the market with some new repairs. Check out this JUMBO duplex! Upper unit has 3 bedrooms and is rented at $950 by longtime tenant of 3 years who hopes to stay and helps take care of the property. Lower 3bed unit is vacant and was most recently rented by Section 8 at $1,200! With rent potential of $2,000+ rents this property is ideal for investors seeking cashflow. This property also features a large, dry, attic which could be converted to another unit or additional living space - bring your ideas. There is so much potential here: add this investment property to your portfolio or call us to learn how you can start your investment journey as a househacker. Property being sold as-is

8. 2024-11-27
   soldstatus $113,000 Sold 296-char remark

   Show marketing remark (296 chars)

   This property offers a solid foundation for investors While it may need some TLC, it's livable as-is, making it perfect for those who want to renovate gradually, with its convenient location and layout. Don't miss the chance to transform this diamond in the rough into a standout rental property!

9. 2024-10-28
   status Pending 296-char remark

   Show marketing remark (296 chars)

   This property offers a solid foundation for investors While it may need some TLC, it's livable as-is, making it perfect for those who want to renovate gradually, with its convenient location and layout. Don't miss the chance to transform this diamond in the rough into a standout rental property!

10. 2024-10-21
    listed $110,000 Active 296-char remark

    Show marketing remark (296 chars)

    This property offers a solid foundation for investors While it may need some TLC, it's livable as-is, making it perfect for those who want to renovate gradually, with its convenient location and layout. Don't miss the chance to transform this diamond in the rough into a standout rental property!

11. 2012-10-24
    historical
12. 2012-10-24
    listed $9,800
13. 2012-10-24
    listed $22,900
14. 2012-10-24
    historical
15. 2012-01-21
    listed $7,800
16. 2012-01-21
    historical
17. 2009-11-20
    soldstatus $7,800
18. 2006-11-22
    soldstatus $90,600

ⓘ 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,396
• − Mortgage interest: −$6,498
• − Property taxes: −$1,740
• − Insurance: −$580
• − Repairs & maintenance: −$2,432
• − Management: −$2,432
• − Depreciation: −$3,375
• Taxable income: $13,340
• Est. tax owed @ 24.0%: −$3,202
• After-tax cash flow: $11,191/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): 27,201
• Household income: $52,690
• Rent vs Own: 60.8% rent · 39.2% own
• Severe rent burden: 1568.0

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: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: Black 41% White 36% Hispanic / Latino 10% Asian 9% Two or more races 6%
• Hispanic origin (detail): Mexican 7% Puerto Rican 2%
• Common ancestry: Romanian 5% Italian 2% Lithuanian 2%
• Foreign-born: 9% · Canada, Philippines
• Languages at home: 84% English-only · Other Asian/Pacific 6% Spanish 6% French/Haitian/Cajun 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: ▼ -123.92%
• Current HPI: 333.7268
• Rent YoY: ▲ 10.78%
• 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

+28.0% since first listed

18 events — show timeline

• 2026-02-17 Pending — METROMLS
• 2026-01-26 Listed $115,999 METROMLS
• 2026-01-22 Listing Removed — METROMLS
• 2025-12-03 Relisted — METROMLS
• 2025-11-24 Pending — METROMLS
• 2025-10-24 Price Changed $119,000 METROMLS
• 2025-10-02 Listed $124,000 METROMLS
• 2024-11-27 Sold (MLS) $113,000 METROMLS
• 2024-10-28 Pending — METROMLS
• 2024-10-21 Listed $110,000 METROMLS
• 2012-10-24 Listed $9,800 METROMLS
• 2012-10-24 Listing Removed — METROMLS
• 2012-10-24 Listing Removed — METROMLS
• 2012-10-24 Listed $22,900 METROMLS
• 2012-01-21 Listing Removed — METROMLS
• 2012-01-21 Listed $7,800 METROMLS
• 2009-11-20 Sold (MLS) $7,800 METROMLS
• 2006-11-22 Sold (MLS) $90,600 METROMLS