3356 N 37th St · Milwaukee, WI 53216

$124,999

2 bd · 1.0 ba · 1,188 sqft · SingleFamily public records · 31 Days on market

Built 1928 4,791 sqft lot Est $131k · at est.

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Why this score? — see what drove the D+ 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 +12.8/30.0
• ARV discount +9.5/15.0
• Appreciation +5.7/10.0
• Rent growth +4.3/5.0
• Livability +4.0/5.0
• 1% rule +3.9/10.0
• DSCR +3.8/10.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0

Listing remarks

Whether you're looking for a starter home or a great investment property, this property is a great option. Tons of potential for additional 2 bedrooms in the upper space. Seller is selling AS-IS!!! * * Room sizes are estimates and should be verified by buyer * *

Key facts

• 4,791 sq ft lot
• Garage
• Built 1928

Property features AI

Finance

• Other: No inclusions; tenant's personal property excluded

Exterior

• Parking: Detached 1-car garage
• Utilities: Municipal water; Municipal sewer
• Home design: Single-family, 1-story home; Zoned RT2 Residential
• Construction: Year built from assessor/public records
• Exterior features: Vinyl exterior; Less than 1/2 acre lot

Interior

• Kitchen: Kitchen on main level
• Bedrooms: Primary bedroom (12 x 10) on main level; Second bedroom (10 x 12) on main level
• Bathrooms: One full bathroom with tub/shower combo in the primary bathroom
• Heating & cooling: Forced air heating; Natural gas fuel
• Interior features: Full finished basement; Living room (16 x 11) on main level; Dining room (11 x 11) on main level; Kitchen (12 x 12) on main level

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $-11 ($-133/yr) — negative.
• To cash-flow at today's rent, offer at most $123k (1.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $112k (10.5% below list).
• Recommended offer: $112k (10.5% below list) — sets the bar for 1% rule.
• Cap rate 6.2% vs local median 5.1% in Milwaukee — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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); 130 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($864 loan paydown + $2k 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 $35k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $26k; list at $125k implies a 381% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $111,870 (10.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
3. Built in 1928 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.89% ✗
• Cap rate: 6.19%
• Cash-on-cash: -0.38%
• DSCR: 0.98
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $130,680
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3221 N 38th St	0.21mi	3/1.0 (+1)	1,174 (-1%)	3mo	$75,000	$64	80
3429 N 41st St	0.28mi	2/1.0	1,087 (-8%)	4mo	$151,000	$139	70
3144 N 38th St	0.29mi	2/1.0	1,090 (-8%)	4mo	$120,000	$110	69
3252 N 40th St	0.23mi	2/1.0	1,042 (-12%)	5mo	$70,000	$67	65
3052 N 40th St	0.45mi	3/1.0 (+1)	1,240 (+4%)	4mo	$75,000	$60	63
4018 W Burliegh St	0.42mi	3/1.0 (+1)	1,258 (+6%)	4mo	$55,000	$44	63
3448 N 41st St	0.27mi	3/2.0 (+1)	1,104 (-7%)	6mo	$233,000	$211	62
3760 N 42nd St	0.47mi	2/1.0	1,038 (-13%)	3mo	$155,000	$149	55
2865 N 36th St	0.64mi	3/2.0 (+1)	1,292 (+9%)	2mo	$132,000	$102	45
4102 W Capitol Dr	0.72mi	3/1.0 (+1)	1,077 (-9%)	2mo	$128,000	$119	45
2807 N 36th St	0.72mi	3/1.0 (+1)	1,297 (+9%)	8mo	$70,000	$54	40
4448 W Leon Ter	0.65mi	3/1.0 (+1)	1,014 (-15%)	2mo	$130,000	$128	38

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: 4.5%
• Equity multiple: 1.24×
• Total profit: $8,386
• Equity at exit: $44,822

10-year hold

• IRR: 11.1%
• Equity multiple: 2.53×
• Total profit: $53,467
• Equity at exit: $61,263

Cash invested: $35,000 (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: 130
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,119 high
• Mortgage (P&I): −$656
• Tax from tax record: −$187 /mo · $2,247/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $-11

Break-even live

Break-even rent $1,133

Max offer price $123,047

Occupancy floor 96%

Sensitivity live

Price	-10% $60	-5% $24	+0% $-11	+5% $-46	+10% $-82
Rent	-10% $-99	-5% $-55	+0% $-11	+5% $33	+10% $77
Rate	-1.0pp $52	-0.5pp $21	base $-11	+0.5pp $-43	+1.0pp $-76

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3179 N 39th St Milwaukee, WI	1.0	1.0	800	$850	$1.06	3d	1	0.28mi
3179 N 39th St Unit 3907AUER Milwaukee, WI	1.0	1.0	800	$750	$0.94	4d	1	0.28mi
3148 N 39th St Milwaukee, WI	2.0	1.0	1100	$1,100	$1.00	45d	1	0.29mi
3148 N 39th St Unit 1 Milwaukee, WI	2.0	1.0	1000	$1,100	$1.10	16d	1	0.29mi
3630 W Nash St Milwaukee, WI	2.0	1.0	1000	$1,200	$1.20	25d	1	0.31mi
3214 N 41st St Milwaukee, WI	2.0	1.0	900	$1,250	$1.39	45d	1	0.32mi
3606 N 41st St Unit 3608 Milwaukee, WI	2.0	1.0	1095	$975	$0.89	45d	1	0.35mi
3124 N 33rd St Milwaukee, WI	2.0	1.0	1200	$1,200	$1.00	45d	1	0.36mi
3122 N 42nd St Milwaukee, WI	3.0	1.0	1323	$1,495	$1.13	6d	1	0.43mi
3347 N 29th St Unit 3347A Milwaukee, WI	2.0	1.0	950	$845	$0.89	16d	1	0.46mi
3340 N 44th St Milwaukee, WI	2.0	1.0	900	$1,295	$1.44	14d	1	0.46mi
2821 W Concordia Ave Milwaukee, WI	3.0	1.5	1098	$1,595	$1.45	3d	1	0.50mi
3871-3873 N 36th St Unit 3871 Milwaukee, WI	2.0	1.0	987	$950	$0.96	25d	1	0.52mi
4409 W Burleigh St Apt 1 Milwaukee, WI	2.0	1.0	800	$795	$0.99	6d	1	0.61mi
2931 W Chambers St Milwaukee, WI	2.0	1.0	1400	$1,050	$0.75	25d	1	0.63mi
3925 N 41st St Unit 2 Milwaukee, WI	1.0	1.0	700	$845	$1.21	25d	1	0.66mi
3890 N Sherman Blvd Milwaukee, WI	2.0	1.0	950	$1,100	$1.16	14d	1	0.67mi
3925 N 42nd St Milwaukee, WI	3.0	1.0	1300	$1,675	$1.29	45d	1	0.68mi
3925 N 42nd St Milwaukee, WI	2.0	1.0	985	$1,400	$1.42	25d	1	0.68mi
2870 N 29th St #2872 Milwaukee, WI	3.0	1.0	1300	$1,250	$0.96	45d	1	0.77mi
3901 N 27th St Unit 3907 Milwaukee, WI	2.0	1.0	715	$895	$1.25	25d	1	0.80mi
2706 N 39th St Unit 2706 Milwaukee, WI	2.0	1.0	866	$845	$0.98	45d	1	0.83mi
3072 N 49th St Milwaukee, WI	2.0	1.0	1000	$950	$0.95	18d	1	0.86mi
3072 N 49th St Unit 3072- 3 Milwaukee, WI	2.0	1.0	1000	$950	$0.95	45d	1	0.86mi
3039 N 24th Pl Unit 3039 Milwaukee, WI	2.0	1.0	800	$995	$1.24	18d	1	0.86mi
3066 N 49th St Unit 3066-5 Milwaukee, WI	2.0	1.0	1100	$950	$0.86	45d	1	0.86mi
3100 W Center St Milwaukee, WI	3.0	2.0	1174	$1,531	$1.30	3d	1	0.87mi
2842 N 47th St Milwaukee, WI	2.0	1.0	1500	$1,100	$0.73	45d	1	0.92mi
3410 N 23rd St Milwaukee, WI	2.0	1.0	800	$800	$1.00	18d	1	0.93mi
2712 N 44th St Unit 2712A Milwaukee, WI	2.0	1.0	911	$995	$1.09	25d	1	0.94mi
2713 N 44th St Milwaukee, WI	3.0	1.0	1450	$1,350	$0.93	45d	1	0.96mi
2765 N 26th St Unit 1 Milwaukee, WI	3.0	1.0	1125	$1,200	$1.07	6d	1	0.97mi
2765 N 26th St Unit 2 Milwaukee, WI	2.0	1.0	1100	$1,100	$1.00	6d	1	0.97mi
2517 W Hadley St Milwaukee, WI	2.0	1.0	850	$1,050	$1.24	16d	1	1.00mi
2663 N 44th St Unit 1 Milwaukee, WI	2.0	1.0	900	$995	$1.11	45d	1	1.00mi
5137 W Keefe Ave Unit 5137 Milwaukee, WI	2.0	1.0	1000	$1,550	$1.55	4d	1	1.01mi
2550 N 36th St Unit 2550A Upper Milwaukee, WI	2.0	1.0	711	$845	$1.19	25d	1	1.01mi
2945 N 23rd St Milwaukee, WI	3.0	1.0	1014	$1,195	$1.18	45d	1	1.03mi
3155 N 52nd St Milwaukee, WI	3.0	2.0	1300	$1,400	$1.08	45d	1	1.03mi
2530 N 37th St Milwaukee, WI	2.0	1.0	1037	$1,000	$0.96	16d	1	1.04mi

Listing history 18 events

1. 2026-06-21
   days on market $124,999 Active 31 DOM
2. 2026-06-18
   days on market $124,999 Active 28 DOM
3. 2026-06-17
   days on market $124,999 Active 27 DOM
4. 2026-06-16
   days on market $124,999 Active 26 DOM
5. 2026-06-15
   days on market $124,999 Active 25 DOM
6. 2026-06-13
   days on market $124,999 Active 23 DOM
7. 2026-06-13
   days on market $124,999 Active 22 DOM
8. 2026-06-09
   days on market $124,999 Active 19 DOM
9. 2026-06-08
   days on market $124,999 Active 18 DOM
10. 2026-06-07
    days on market $124,999 Active 17 DOM
11. 2026-06-05
    days on market $124,999 Active 14 DOM
12. 2026-06-03
    days on market $124,999 Active 13 DOM
13. 2026-06-02
    days on market $124,999 Active 12 DOM
14. 2026-06-01
    days on market $124,999 Active 11 DOM
15. 2026-05-31
    days on market $124,999 Active 10 DOM
16. 2026-05-21
    listed $124,999 Active
17. 1989-09-01
    soldstatus $26,000
18. 1977-12-01
    soldstatus $24,900

ⓘ 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: $2,247 · $187/mo
• Projected year-2 tax: $2,280 · $190/mo
• Expected delta: +$33/yr (+$3/mo · 1.5%)

ⓘ 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: $13,424
• − Mortgage interest: −$7,002
• − Property taxes: −$2,247
• − Insurance: −$625
• − Repairs & maintenance: −$1,074
• − Management: −$1,074
• − Depreciation: −$3,636
• Taxable loss: −$2,233
• Est. tax savings @ 24.0%: +$536
• After-tax cash flow: $403/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

+402.0% since first listed

3 events — show timeline

• 2026-05-21 Listed $124,999 METROMLS
• 1989-09-01 Sold (Public Records) $26,000 Public Records
• 1977-12-01 Sold (Public Records) $24,900 Public Records

Property tax history

+0.3%/yr

Latest (2024): $2,247 · +2.4% YoY. Source: county tax records.