3069 S Wentworth Ave #3071 · Milwaukee, WI 53207

$549,900

5 bd · 3.0 ba · 3,900 sqft · MultiFamily · 185 Days on market

Built 1914 Fair condition 4,791 sqft lot $141/sqft · at area comps Est $548k · at est.

---

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 +20.9/30.0
• ARV discount +7.3/15.0
• DSCR +6.7/10.0
• 1% rule +5.5/10.0
• Livability +4.0/5.0
• Rent growth +3.1/5.0
• Condition / age +2.2/5.0
• 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: 1 unit. estimate disagrees with records

Listing remarks MLS

AMAZING investment opportunity in Bay View! Set on desirable Wentworth Ave. , so close to the lake, farmers market, beer garden, parks, cafes, and shops! Over 3900 sq ft of old world charm incl BICC, HWFs, natural woodwork, tall ceilings, and welcoming front porch. The 1st and 2nd floor offers 2 BRs and a full bath. A third full bath and kitchen just off the 3rd floor front staircase (own entrance), makes the 3rd floor a possible 3rd unit (Must call City, not verified). This floor features soaring ceilings and is wide open, such a cool space! The 1st, 2nd, and 3rd floor each has 2 separate entrances! Huge fenced in back yard, loads of updates incl rebuilt front porch, some flooring, furnaces, water heaters, windows, tear off roof, skylites, kitchens, and baths! This one is a must see!

Key facts

• Tear off roof
• Close to the lake
• Own entrance

Tags

• CLOSE TO THE LAKE
• THIRD FULL BATH
• OWN ENTRANCE
• HUGE FENCED IN BACK YARD
• REBUILT FRONT PORCH
• TEAR OFF ROOF

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath multifamily listed at $550k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $765 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $550k).
• Recommended offer: $484k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.0% 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 (+2.4%/yr); 91 active listings in the ZIP; solid renter incomes; 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).
• At $5,779/mo this rent would consume 88% of the median local household income ($79k/yr) (locally 821% 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 $4k of loan paydown is wiped out by about $16k 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.

Negotiation context

• It's been on market 185 days — a 12% lower offer ($484k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 8y ago; this cycle's ask has dropped $100k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $408k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1914 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $483,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 185 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1914 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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 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: 1.05% ✓
• Cap rate: 7.96%
• Cash-on-cash: 5.96%
• DSCR: 1.27
• GRM: 7.9

CMA / ARV

• ARV (median comp): $547,998
• List price: $549,900
• Delta: 0.35%
• Verdict: FAIR
• Comps: 8 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.39% rent growth · sell at horizon

5-year hold

• IRR: -7.8%
• Equity multiple: 0.72×
• Total profit: $-43,812
• Equity at exit: $81,992

10-year hold

• IRR: 1.0%
• Equity multiple: 1.07×
• Total profit: $10,667
• Equity at exit: $47,545

Cash invested: $153,972 (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 53207

• Rents YoY: 2.4%
• Active inventory: 91
• Price-to-rent: 23.8×

Monthly cashflow live

• Estimated rent: $5,779 high
• Mortgage (P&I): −$2,884
• Tax est. 1.5%: −$687 /mo · $8,248/yr
• Insurance: −$229
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,214
• Net cashflow: $765

Break-even live

Break-even rent $4,810

Max offer price $549,900

Occupancy floor 82%

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

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$5,778
Total (3 units)			$5,779

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: $137,475
• Closing costs: $16,497
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-18
   days on market $549,900 Active 185 DOM
2. 2026-06-17
   days on market $549,900 Active 184 DOM
3. 2026-06-16
   days on market $549,900 Active 183 DOM
4. 2026-06-15
   days on market $549,900 Active 182 DOM
5. 2026-06-13
   days on market $549,900 Active 180 DOM
6. 2026-06-13
   days on market $549,900 Active 179 DOM
7. 2026-06-09
   days on market $549,900 Active 176 DOM
8. 2026-06-08
   days on market $549,900 Active 175 DOM
9. 2026-06-07
   days on market $549,900 Active 174 DOM
10. 2026-06-05
    days on market $549,900 Active 171 DOM
11. 2026-06-03
    days on market $549,900 Active 170 DOM
12. 2026-06-02
    days on market $549,900 Active 169 DOM
13. 2026-06-01
    days on market $549,900 Active 168 DOM
14. 2026-05-31
    days on market $549,900 Active 167 DOM
15. 2026-05-04
    status Active 796-char remark

    Show marketing remark (796 chars)

    AMAZING investment opportunity in Bay View! Set on desirable Wentworth Ave. , so close to the lake, farmers market, beer garden, parks, cafes, and shops! Over 3900 sq ft of old world charm incl BICC, HWFs, natural woodwork, tall ceilings, and welcoming front porch. The 1st and 2nd floor offers 2 BRs and a full bath. A third full bath and kitchen just off the 3rd floor front staircase (own entrance), makes the 3rd floor a possible 3rd unit (Must call City, not verified). This floor features soaring ceilings and is wide open, such a cool space! The 1st, 2nd, and 3rd floor each has 2 separate entrances! Huge fenced in back yard, loads of updates incl rebuilt front porch, some flooring, furnaces, water heaters, windows, tear off roof, skylites, kitchens, and baths! This one is a must see!

16. 2026-05-01
    historical 796-char remark

    Show marketing remark (796 chars)

    AMAZING investment opportunity in Bay View! Set on desirable Wentworth Ave. , so close to the lake, farmers market, beer garden, parks, cafes, and shops! Over 3900 sq ft of old world charm incl BICC, HWFs, natural woodwork, tall ceilings, and welcoming front porch. The 1st and 2nd floor offers 2 BRs and a full bath. A third full bath and kitchen just off the 3rd floor front staircase (own entrance), makes the 3rd floor a possible 3rd unit (Must call City, not verified). This floor features soaring ceilings and is wide open, such a cool space! The 1st, 2nd, and 3rd floor each has 2 separate entrances! Huge fenced in back yard, loads of updates incl rebuilt front porch, some flooring, furnaces, water heaters, windows, tear off roof, skylites, kitchens, and baths! This one is a must see!

17. 2026-04-22
    price $549,900 796-char remark

    Show marketing remark (796 chars)

    AMAZING investment opportunity in Bay View! Set on desirable Wentworth Ave. , so close to the lake, farmers market, beer garden, parks, cafes, and shops! Over 3900 sq ft of old world charm incl BICC, HWFs, natural woodwork, tall ceilings, and welcoming front porch. The 1st and 2nd floor offers 2 BRs and a full bath. A third full bath and kitchen just off the 3rd floor front staircase (own entrance), makes the 3rd floor a possible 3rd unit (Must call City, not verified). This floor features soaring ceilings and is wide open, such a cool space! The 1st, 2nd, and 3rd floor each has 2 separate entrances! Huge fenced in back yard, loads of updates incl rebuilt front porch, some flooring, furnaces, water heaters, windows, tear off roof, skylites, kitchens, and baths! This one is a must see!

18. 2026-04-14
    status Active 796-char remark

    Show marketing remark (796 chars)

    AMAZING investment opportunity in Bay View! Set on desirable Wentworth Ave. , so close to the lake, farmers market, beer garden, parks, cafes, and shops! Over 3900 sq ft of old world charm incl BICC, HWFs, natural woodwork, tall ceilings, and welcoming front porch. The 1st and 2nd floor offers 2 BRs and a full bath. A third full bath and kitchen just off the 3rd floor front staircase (own entrance), makes the 3rd floor a possible 3rd unit (Must call City, not verified). This floor features soaring ceilings and is wide open, such a cool space! The 1st, 2nd, and 3rd floor each has 2 separate entrances! Huge fenced in back yard, loads of updates incl rebuilt front porch, some flooring, furnaces, water heaters, windows, tear off roof, skylites, kitchens, and baths! This one is a must see!

19. 2026-04-12
    historical 796-char remark

    Show marketing remark (796 chars)

    AMAZING investment opportunity in Bay View! Set on desirable Wentworth Ave. , so close to the lake, farmers market, beer garden, parks, cafes, and shops! Over 3900 sq ft of old world charm incl BICC, HWFs, natural woodwork, tall ceilings, and welcoming front porch. The 1st and 2nd floor offers 2 BRs and a full bath. A third full bath and kitchen just off the 3rd floor front staircase (own entrance), makes the 3rd floor a possible 3rd unit (Must call City, not verified). This floor features soaring ceilings and is wide open, such a cool space! The 1st, 2nd, and 3rd floor each has 2 separate entrances! Huge fenced in back yard, loads of updates incl rebuilt front porch, some flooring, furnaces, water heaters, windows, tear off roof, skylites, kitchens, and baths! This one is a must see!

20. 2025-12-10
    listed $650,000 Active 796-char remark

    Show marketing remark (796 chars)

    AMAZING investment opportunity in Bay View! Set on desirable Wentworth Ave. , so close to the lake, farmers market, beer garden, parks, cafes, and shops! Over 3900 sq ft of old world charm incl BICC, HWFs, natural woodwork, tall ceilings, and welcoming front porch. The 1st and 2nd floor offers 2 BRs and a full bath. A third full bath and kitchen just off the 3rd floor front staircase (own entrance), makes the 3rd floor a possible 3rd unit (Must call City, not verified). This floor features soaring ceilings and is wide open, such a cool space! The 1st, 2nd, and 3rd floor each has 2 separate entrances! Huge fenced in back yard, loads of updates incl rebuilt front porch, some flooring, furnaces, water heaters, windows, tear off roof, skylites, kitchens, and baths! This one is a must see!

21. 2023-04-20
    soldstatus $407,500 Sold 834-char remark

    Show marketing remark (834 chars)

    Ready for an incredible investment opportunity? This amazing property in hot Bay View is set on desirable Wentworth Ave close to the Lake, Farmers Market, Beer Garden, parks, cafes, Groppis is your dream come true. Inside this over 3900 sq ft property find an abundance of old world charm including BICC, HWFs, natural woodwork, tall ceilings & a charming front porch. The1st & 2nd floor offer 2 bedrooms & a full bath. A second bath & kitchen just off the 3rd floor front staircase, make the 3rd floor a possible separate unit. Each floor has 2 entrances. Tons of updates incl. furnaces, water heaters, windows, roof , skylites, kitchens & baths. The 3rd floor is an amazing with its soaring ceiling, character rich WF & completely open space. So much flexible space. Huge, fenced yard. See it soon

22. 2023-04-15
    status Pending 834-char remark

    Show marketing remark (834 chars)

    Ready for an incredible investment opportunity? This amazing property in hot Bay View is set on desirable Wentworth Ave close to the Lake, Farmers Market, Beer Garden, parks, cafes, Groppis is your dream come true. Inside this over 3900 sq ft property find an abundance of old world charm including BICC, HWFs, natural woodwork, tall ceilings & a charming front porch. The1st & 2nd floor offer 2 bedrooms & a full bath. A second bath & kitchen just off the 3rd floor front staircase, make the 3rd floor a possible separate unit. Each floor has 2 entrances. Tons of updates incl. furnaces, water heaters, windows, roof , skylites, kitchens & baths. The 3rd floor is an amazing with its soaring ceiling, character rich WF & completely open space. So much flexible space. Huge, fenced yard. See it soon

23. 2023-03-13
    historical Contingent 834-char remark

    Show marketing remark (834 chars)

    Ready for an incredible investment opportunity? This amazing property in hot Bay View is set on desirable Wentworth Ave close to the Lake, Farmers Market, Beer Garden, parks, cafes, Groppis is your dream come true. Inside this over 3900 sq ft property find an abundance of old world charm including BICC, HWFs, natural woodwork, tall ceilings & a charming front porch. The1st & 2nd floor offer 2 bedrooms & a full bath. A second bath & kitchen just off the 3rd floor front staircase, make the 3rd floor a possible separate unit. Each floor has 2 entrances. Tons of updates incl. furnaces, water heaters, windows, roof , skylites, kitchens & baths. The 3rd floor is an amazing with its soaring ceiling, character rich WF & completely open space. So much flexible space. Huge, fenced yard. See it soon

24. 2023-03-06
    listed $394,000 Active 834-char remark

    Show marketing remark (834 chars)

    Ready for an incredible investment opportunity? This amazing property in hot Bay View is set on desirable Wentworth Ave close to the Lake, Farmers Market, Beer Garden, parks, cafes, Groppis is your dream come true. Inside this over 3900 sq ft property find an abundance of old world charm including BICC, HWFs, natural woodwork, tall ceilings & a charming front porch. The1st & 2nd floor offer 2 bedrooms & a full bath. A second bath & kitchen just off the 3rd floor front staircase, make the 3rd floor a possible separate unit. Each floor has 2 entrances. Tons of updates incl. furnaces, water heaters, windows, roof , skylites, kitchens & baths. The 3rd floor is an amazing with its soaring ceiling, character rich WF & completely open space. So much flexible space. Huge, fenced yard. See it soon

25. 2018-11-01
    historical
26. 2018-07-15
    listed $249,000 Active

ⓘ 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 ≥96°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $69,348
• − Mortgage interest: −$30,803
• − Property taxes: −$8,248
• − Insurance: −$2,750
• − Repairs & maintenance: −$5,548
• − Management: −$5,548
• − Depreciation: −$15,997
• Taxable income: $454
• Est. tax owed @ 24.0%: −$109
• After-tax cash flow: $9,073/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This property offers a solid investment opportunity with moderate rehab needs. Interior and exterior updates can significantly enhance its value.

Repairs flagged

• Minor kitchen countertops — Worn appearance
• Minor bathroom fixtures — Basic and dated
• Moderate exterior siding — Aged and shows wear
• Moderate interior walls — Paint chipped in some areas
• Moderate HVAC appliances — Dated and may need replacement

Value-add opportunities

• Both Paint and interior updates — Enhances curb appeal and interior aesthetics
• Both New countertops and fixtures — Improves functionality and aesthetics
• Both HVAC replacement — Enhances comfort and energy efficiency
• Both Landscaping and porch maintenance — Improves curb appeal and enhances property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen countertops · Worn appearance	Minor	$500–3,000
bathroom fixtures · Basic and dated	Minor	$500–3,000
exterior siding · Aged and shows wear	Moderate	$3,000–15,000
interior walls · Paint chipped in some areas	Moderate	$3,000–15,000
HVAC appliances · Dated and may need replacement	Moderate	$3,000–15,000
Total estimated repair cost · 5 items		$10,000–51,000

Value-add ROI direction

• Both Paint and interior updates — Enhances curb appeal and interior aesthetics ↑
• Both New countertops and fixtures — Improves functionality and aesthetics ↑
• Both HVAC replacement — Enhances comfort and energy efficiency ↑
• Both Landscaping and porch maintenance — Improves curb appeal and enhances property value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 34,313
• Household income: $79,117
• Rent vs Own: 39.0% rent · 61.0% own
• Severe rent burden: 821.0

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 White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 16% Two or more races 10% Black 5% Asian 1%
• Hispanic origin (detail): Mexican 10% Puerto Rican 5%
• Common ancestry: Romanian 15% Portuguese 4% Italian 3%
• Foreign-born: 5% · Canada
• Languages at home: 89% English-only · Spanish 9% German/W. Germanic 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: ▼ -261.93%
• Current HPI: 324.5284
• Rent YoY: ▲ 2.39%
• 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

+120.8% since first listed

12 events — show timeline

• 2026-05-04 Relisted — METROMLS
• 2026-05-01 Listing Removed — METROMLS
• 2026-04-22 Price Changed $549,900 METROMLS
• 2026-04-14 Relisted — METROMLS
• 2026-04-12 Listing Removed — METROMLS
• 2025-12-10 Listed $650,000 METROMLS
• 2023-04-20 Sold (MLS) $407,500 METROMLS
• 2023-04-15 Pending — METROMLS
• 2023-03-13 Contingent — METROMLS
• 2023-03-06 Listed $394,000 METROMLS
• 2018-11-01 Listing Removed — METROMLS
• 2018-07-15 Listed $249,000 METROMLS