1606 59th St · Kenosha, WI 53140

$199,900

3 bd · 1.5 ba · 1,637 sqft · SingleFamily public records · 42 Days on market

Built 1922 4,791 sqft lot $122/sqft · 41% above area Est $142k · 41% over

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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 +20.1/30.0
• DSCR +6.4/10.0
• 1% rule +4.8/10.0
• Livability +4.2/5.0
• Rent growth +4.0/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Calling all investors! Spacious 3 Bdr / 1.5 Bath Kenosha Home. This property features a large living room, dining room, kitchen and half bath on the main floor, and 3 good sized bedrooms and full bath on the upper level. This property also features an unfinished basement, large front porch, lots of natural woodwork, and 2-car detached garage. Welcome Home!

Key facts

• 4,791 sq ft lot
• 2 garage spots
• Built 1922

Property features AI

Finance

• Other: Municipality: Kenosha (City)

Exterior

• Parking: Detached 2-car garage; Total of 2 garage parking spaces
• Utilities: Municipal water; Municipal sewer
• Home design: Single-family home; 2-story building
• Construction: Information source for year built: Assessor/Public Record
• Exterior features: Lot less than 1/2 acre (approx. 0.11 acre); Exterior described as Other; Residential zoning

Interior

• Kitchen: Kitchen on main level — 13 x 13
• Bedrooms: Primary bedroom (Upper) — 12 x 13; Bedroom 2 (Upper) — 15 x 10; Bedroom 3 (Upper) — 13 x 10
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating; Natural gas fuel
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $249 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $196k (1.8% below list).
• Recommended offer: $194k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 3.8% in Kenosha — 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 84/100 on livability (#31 in WI, #680 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-.
• Kenosha School District (suburban): math 26% / reading 31% proficiency, ranked #287 of 342 in WI (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Frank Elementary (math 12% / reading 2%, grade F, #957 of 1,041 statewide, top 92%, 326 students, 92% FRL); Washington Middle (math 8% / reading 15%, grade F, #369 of 383 statewide, top 96%, 413 students, 87% FRL); Indian Trail High School And Academy (math 21% / reading 34%, grade F, #256 of 483 statewide, top 54%, 1,980 students, 42% FRL) — zoned schools average 74% FRL vs 45% district-wide (29 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 15% at this address vs 28% district-wide (-13 pts) — the specific schools serving this property underperform the Kenosha School District average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+6.0%/yr); 43 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 259 units permitted in Kenosha County in 2024 (8 in 5+ unit buildings).
• This rent runs 41% of the median local income ($58k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 8 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.
• Current owner paid $35k; list at $200k implies a 471% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1922 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $193,903 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 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 1922 — 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 D-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. 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?
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: 0.98% ✗
• Cap rate: 7.79%
• Cash-on-cash: 5.34%
• DSCR: 1.24
• GRM: 8.5

CMA / ARV

• ARV (median comp): $142,067
• List price: $199,900
• Delta: 40.71%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5537 24th Ave	0.48mi	3/1.5	1,600 (-2%)	5mo	$240,000	$150	70
5422 22nd Ave	0.44mi	3/2.5	1,584 (-3%)	1mo	$312,000	$197	69
6609 24th Ave	0.71mi	3/2.0	1,636 (-0%)	2mo	$265,000	$162	63
5110 19th Ave	0.53mi	4/2.0 (+1)	1,666 (+2%)	3mo	$164,900	$99	63
6606 21st Ave	0.61mi	3/2.0	1,560 (-5%)	3mo	$195,000	$125	60
2612 64th St	0.74mi	4/2.0 (+1)	1,646 (+0%)	1mo	$200,000	$122	57
1915 61st St	0.27mi	4/2.0 (+1)	1,447 (-12%)	5mo	$245,000	$169	57
6123 8th Ave	0.54mi	4/1.5 (+1)	1,764 (+8%)	2mo	$333,000	$189	55
6036 3rd Ave	0.70mi	3/2.0	1,804 (+10%)	2mo	$390,000	$216	46
5116 20th Ave	0.54mi	3/2.5	1,441 (-12%)	6mo	$234,900	$163	46
5012 23rd Ave	0.72mi	3/2.0	1,450 (-11%)	1mo	$200,000	$138	44
6517 20th Ave	0.54mi	4/2.0 (+1)	1,414 (-14%)	4mo	$265,000	$187	42

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 · 5.98% rent growth · sell at horizon

5-year hold

• IRR: -4.9%
• Equity multiple: 0.81×
• Total profit: $-10,496
• Equity at exit: $29,806

10-year hold

• IRR: 7.9%
• Equity multiple: 1.67×
• Total profit: $37,651
• Equity at exit: $17,284

Cash invested: $55,972 (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 53140

• Rents YoY: 6.0%
• Active inventory: 43
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,964 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$171 /mo · $2,053/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$412
• Net cashflow: $249

Break-even live

Break-even rent $1,649

Max offer price $199,900

Occupancy floor 82%

Sensitivity live

Price	-10% $362	-5% $305	+0% $249	+5% $192	+10% $136
Rent	-10% $94	-5% $171	+0% $249	+5% $326	+10% $404
Rate	-1.0pp $350	-0.5pp $300	base $249	+0.5pp $197	+1.0pp $144

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1510 57th St Unit 2 Kenosha, WI	4.0	2.0	1700	$1,800	$1.06	45d	1	0.07mi
1819 58th St Kenosha, WI	3.0	1.5	1065	$1,795	$1.69	0d	1	0.12mi
1809 60th St Kenosha, WI	3.0	1.0	1100	$1,500	$1.36	45d	1	0.17mi
5807 20th Ave Unit 1 Kenosha, WI	2.0	1.0	1064	$2,000	$1.88	20d	1	0.21mi
5807 20th Ave Unit 2 Kenosha, WI	3.0	1.0	1064	$2,400	$2.26	20d	1	0.21mi
5432 23rd Ave Kenosha, WI	4.0	2.0	1400	$1,695	$1.21	5d	1	0.47mi
5522 7th Ave Kenosha, WI	2.0	1.0–2.0	858	$2,660	$3.10	4d	60	0.49mi
5945 6th Ave Kenosha, WI	2.0	1.0–2.0	800	$2,575	$3.22	0d	12	0.58mi
5900 4th Ave Unit 309 Kenosha, WI	2.0	2.0	1083	$1,895	$1.75	21d	1	0.64mi
5900 4th Ave Unit 512 Kenosha, WI	2.0	2.0	1224	$2,495	$2.04	21d	1	0.64mi
5900 4th Ave Apt 414 Kenosha, WI	2.0	2.0	1160	$2,675	$2.31	14d	1	0.64mi
5900 4th Ave Unit 212 Kenosha, WI	2.0	2.0	1224	$1,999	$1.63	45d	1	0.64mi
5900 4th Ave Unit 217 Kenosha, WI	2.0	2.0	1083	$2,195	$2.03	20d	1	0.64mi
5900 4th Ave Unit 509 Kenosha, WI	2.0	2.0	1083	$2,035	$1.88	26d	1	0.64mi
716 51st Pl Kenosha, WI	2.0	2.0	1193	$1,369	$1.15	0d	1	0.65mi
2708 48th St Kenosha, WI	4.0	2.0	1200	$2,500	$2.08	24d	1	1.02mi
7719 15th Ave Kenosha, WI	4.0	2.0	1898	$2,599	$1.37	20d	1	1.33mi

Listing history 33 events

1. 2026-06-21
   days on market $199,900 Active 42 DOM
2. 2026-06-18
   days on market $199,900 Active 39 DOM
3. 2026-06-17
   days on market $199,900 Active 38 DOM
4. 2026-06-16
   days on market $199,900 Active 37 DOM
5. 2026-06-15
   days on market $199,900 Active 36 DOM
6. 2026-06-13
   days on market $199,900 Active 34 DOM
7. 2026-06-09
   days on market $199,900 Active 30 DOM
8. 2026-06-08
   days on market $199,900 Active 29 DOM
9. 2026-06-07
   days on market $199,900 Active 28 DOM
10. 2026-06-04
    days on market $199,900 Active 25 DOM
11. 2026-06-03
    days on market $199,900 Active 24 DOM
12. 2026-06-02
    days on market $199,900 Active 23 DOM
13. 2026-06-01
    days on market $199,900 Active 22 DOM
14. 2026-05-31
    days on market $199,900 Active 21 DOM
15. 2026-05-10
    listed $199,900 Active 358-char remark
16. 2026-03-01
    historical 358-char remark

    Show marketing remark (358 chars)

    Calling all investors! Spacious 3 Bdr / 1.5 Bath Kenosha Home. This property features a large living room, dining room, kitchen and half bath on the main floor, and 3 good sized bedrooms and full bath on the upper level. This property also features an unfinished basement, large front porch, lots of natural woodwork, and 2-car detached garage. Welcome Home!

17. 2026-02-14
    status Active 358-char remark

    Show marketing remark (358 chars)

    Calling all investors! Spacious 3 Bdr / 1.5 Bath Kenosha Home. This property features a large living room, dining room, kitchen and half bath on the main floor, and 3 good sized bedrooms and full bath on the upper level. This property also features an unfinished basement, large front porch, lots of natural woodwork, and 2-car detached garage. Welcome Home!

18. 2026-02-14
    historical 358-char remark

    Show marketing remark (358 chars)

    Calling all investors! Spacious 3 Bdr / 1.5 Bath Kenosha Home. This property features a large living room, dining room, kitchen and half bath on the main floor, and 3 good sized bedrooms and full bath on the upper level. This property also features an unfinished basement, large front porch, lots of natural woodwork, and 2-car detached garage. Welcome Home!

19. 2026-01-09
    price $198,900 358-char remark

    Show marketing remark (358 chars)

    Calling all investors! Spacious 3 Bdr / 1.5 Bath Kenosha Home. This property features a large living room, dining room, kitchen and half bath on the main floor, and 3 good sized bedrooms and full bath on the upper level. This property also features an unfinished basement, large front porch, lots of natural woodwork, and 2-car detached garage. Welcome Home!

20. 2026-01-09
    status Active 358-char remark

    Show marketing remark (358 chars)

    Calling all investors! Spacious 3 Bdr / 1.5 Bath Kenosha Home. This property features a large living room, dining room, kitchen and half bath on the main floor, and 3 good sized bedrooms and full bath on the upper level. This property also features an unfinished basement, large front porch, lots of natural woodwork, and 2-car detached garage. Welcome Home!

21. 2026-01-01
    historical 358-char remark

    Show marketing remark (358 chars)

    Calling all investors! Spacious 3 Bdr / 1.5 Bath Kenosha Home. This property features a large living room, dining room, kitchen and half bath on the main floor, and 3 good sized bedrooms and full bath on the upper level. This property also features an unfinished basement, large front porch, lots of natural woodwork, and 2-car detached garage. Welcome Home!

22. 2025-12-04
    status Active 358-char remark

    Show marketing remark (358 chars)

    Calling all investors! Spacious 3 Bdr / 1.5 Bath Kenosha Home. This property features a large living room, dining room, kitchen and half bath on the main floor, and 3 good sized bedrooms and full bath on the upper level. This property also features an unfinished basement, large front porch, lots of natural woodwork, and 2-car detached garage. Welcome Home!

23. 2025-11-27
    historical 358-char remark

    Show marketing remark (358 chars)

    Calling all investors! Spacious 3 Bdr / 1.5 Bath Kenosha Home. This property features a large living room, dining room, kitchen and half bath on the main floor, and 3 good sized bedrooms and full bath on the upper level. This property also features an unfinished basement, large front porch, lots of natural woodwork, and 2-car detached garage. Welcome Home!

24. 2025-11-03
    price $199,900 358-char remark

    Show marketing remark (358 chars)

    Calling all investors! Spacious 3 Bdr / 1.5 Bath Kenosha Home. This property features a large living room, dining room, kitchen and half bath on the main floor, and 3 good sized bedrooms and full bath on the upper level. This property also features an unfinished basement, large front porch, lots of natural woodwork, and 2-car detached garage. Welcome Home!

25. 2025-10-02
    listed $204,900 Active 358-char remark

    Show marketing remark (358 chars)

    Calling all investors! Spacious 3 Bdr / 1.5 Bath Kenosha Home. This property features a large living room, dining room, kitchen and half bath on the main floor, and 3 good sized bedrooms and full bath on the upper level. This property also features an unfinished basement, large front porch, lots of natural woodwork, and 2-car detached garage. Welcome Home!

26. 2025-09-01
    historical

    Show marketing remark (359 chars)

    Calling all investors! Spacious 3 Bdr / 1.5 Bath Kenosha Home. This property features a large living room, dining room, kitchen and half bath on the main floor, and 3 good sized bedrooms and full bath on the upper level. This property also features an unfinished basement, large front porch, lots of natural woodwork, and 2-car detached garage. Welcome Home!

27. 2025-07-17
    price $204,900

    Show marketing remark (359 chars)

    Calling all investors! Spacious 3 Bdr / 1.5 Bath Kenosha Home. This property features a large living room, dining room, kitchen and half bath on the main floor, and 3 good sized bedrooms and full bath on the upper level. This property also features an unfinished basement, large front porch, lots of natural woodwork, and 2-car detached garage. Welcome Home!

28. 2025-05-14
    listed $209,000 Active

    Show marketing remark (359 chars)

    Calling all investors! Spacious 3 Bdr / 1.5 Bath Kenosha Home. This property features a large living room, dining room, kitchen and half bath on the main floor, and 3 good sized bedrooms and full bath on the upper level. This property also features an unfinished basement, large front porch, lots of natural woodwork, and 2-car detached garage. Welcome Home!

29. 2024-03-23
    historical $1,850
30. 2024-03-16
    price $1,850
31. 2024-03-12
    listed $1,750
32. 2013-11-15
    listed $45,900
33. 2013-11-15
    soldstatus $35,000

ⓘ 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: $2,053 · $171/mo
• Projected year-2 tax: $2,876 · $240/mo
• Expected delta: +$823/yr (+$69/mo · 40.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 75% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥96°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,568
• − Mortgage interest: −$11,198
• − Property taxes: −$2,053
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,885
• − Management: −$1,885
• − Depreciation: −$5,815
• Taxable loss: −$268
• Est. tax savings @ 24.0%: +$64
• After-tax cash flow: $3,051/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: Kenosha School District
• NCES district ID: 5507320
• Math proficiency: 26% ▼ -9.00%
• Reading proficiency: 31% ▼ -6.00%
• Median HH income: $52,407
• Composite: 25.17/100
• National rank: #7516
• State rank: #287 of 342 in WI

Livability — Kenosha

• Score: 84/100
• State rank: #31
• US rank: #680

Category grades

Amenities C Commute A+ Cost of living A+ Crime B Employment C- Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kenosha, WI
• County: Kenosha County · 130,343 people
• City population: 85,271
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 30,238
• Household income: $58,006
• Rent vs Own: 47.7% rent · 52.3% own
• Severe rent burden: 1576.0

Population outlook (Kenosha County) Hauer SSP2

• Today (2025): 174,032 people
• By 2030: 174,923 · +0.5%
• By 2040: 173,895 · -0.1%
• By 2050: 170,102 · -2.3%
• By 2075: 162,952 · -6.4%
• By 2100: 154,781 · -11.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (66%)
• Race & ethnicity: White 66% Hispanic / Latino 19% Two or more races 14% Black 9% Asian 2%
• Hispanic origin (detail): Mexican 14% Puerto Rican 2%
• Common ancestry: Romanian 7% Lithuanian 3% Portuguese 3%
• Foreign-born: 10% · Canada
• Languages at home: 83% English-only · Spanish 12% Other Indo-European 3% Other Asian/Pacific 1%

Political lean MEDSL · Kenosha

• 2024 margin: Lean R (+6.2) · D 46.2% · R 52.5% · Other 1.3%
• 2008→2024 swing: -24.3pp toward R · 2008: 18.1pp · 2024: -6.2pp
• All cycles: 2024: R+6.2 2020: R+3.1 2016: R+0.3 2012: D+12.3 2008: D+18.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -187.92%
• Current HPI: 235.0929
• Rent YoY: ▲ 5.98%
• Metro: Chicago-Naperville-Elgin, IL-IN-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

+471.1% since first listed

19 events — show timeline

• 2026-05-10 Listed $199,900 METROMLS
• 2026-03-01 Listing Removed — METROMLS
• 2026-02-14 Relisted — METROMLS
• 2026-02-14 Listing Removed — METROMLS
• 2026-01-09 Price Changed $198,900 METROMLS
• 2026-01-09 Relisted — METROMLS
• 2026-01-01 Listing Removed — METROMLS
• 2025-12-04 Relisted — METROMLS
• 2025-11-27 Listing Removed — METROMLS
• 2025-11-03 Price Changed $199,900 METROMLS
• 2025-10-02 Listed $204,900 METROMLS
• 2025-09-01 Listing Removed — METROMLS
• 2025-07-17 Price Changed $204,900 METROMLS
• 2025-05-14 Listed $209,000 METROMLS
• 2024-03-23 Rental Removed $1,850 TURBOTENANT
• 2024-03-16 Price Changed $1,850 TURBOTENANT
• 2024-03-12 Listed for Rent $1,750 TURBOTENANT
• 2013-11-15 Listed $45,900 METROMLS
• 2013-11-15 Sold (MLS) $35,000 METROMLS

Property tax history

+2.3%/yr

Latest (2025): $2,053 · +5.6% YoY. Source: county tax records.