4703 W Congress St · Milwaukee, WI 53218

$55,475

2 bd · 1.0 ba · 728 sqft · SingleFamily public records · 8 Days on market

Built 1942 4,791 sqft lot $76/sqft · 46% below area Est $103k · 46% 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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

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. OFFERS FROM OWNER-OCCUPANTS WILL BE CONSIDERED DURING THIS LISTING. BIDS DUE MAY 18, 2026 AT 10:00AM

Key facts

• 4,791 sq ft lot
• Built 1942
• Listed 8 days

Property features AI

Exterior

• Utilities: Municipal water; Municipal sewer
• Home design: Single-family, 1-story home; Estimated under 750 sq. ft.
• Construction: Information on year built from assessor/public record
• Exterior features: Aluminum or aluminum/steel siding; Vinyl siding; Lot smaller than 1/2 acre

Interior

• Kitchen: Kitchen on main level (10 x 10)
• Bedrooms: Main-level bedroom 10 x 10
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heat; Natural gas heating
• Interior features: Full basement; Living room on main level; Additional main-level bedroom (10 x 10)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $376 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Cap rate 14.4% 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 (+5.3%/yr); 153 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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

• Local home prices are declining (-3.0%/yr); year-one equity from $383 of loan paydown is wiped out by about $2k 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 + 5.3% rent growth), your $16k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $20k; list at $55k implies a 179% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $55,475

Questions for the listing agent

1. Built in 1942 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.81% ✓
• Cap rate: 14.43%
• Cash-on-cash: 29.05%
• DSCR: 2.29
• GRM: 4.6

CMA / ARV

• ARV (median comp): $102,849
• List price: $55,475
• Delta: -31.94%
• 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
4337 N 42nd Pl	0.31mi	2/1.0	698 (-4%)	2mo	$126,900	$182	76
4633 N Sherman Blvd	0.42mi	2/1.0	741 (+2%)	1mo	$88,500	$119	76
4224 W Peck Pl	0.49mi	2/1.0	744 (+2%)	2mo	$64,820	$87	72
4663 N 48th St	0.38mi	2/1.0	672 (-8%)	2mo	$77,000	$115	68
4623 N 38th St	0.67mi	2/1.0	744 (+2%)	2mo	$119,900	$161	64
4440 N 41st St	0.45mi	2/1.0	784 (+8%)	7mo	$77,200	$98	60
4485 N 56th St	0.57mi	2/1.0	767 (+5%)	7mo	$105,000	$137	59
5359 W Leon Ter	0.45mi	3/1.0 (+1)	800 (+10%)	1mo	$120,000	$150	57
5601 W Congress St	0.55mi	2/1.0	800 (+10%)	8mo	$172,000	$215	51
4302 N 36th St	0.74mi	2/1.0	667 (-8%)	0mo	$100,000	$150	51
4671 N 50th St	0.43mi	2/1.0	624 (-14%)	10mo	$59,724	$96	48
4463 N 36th St	0.72mi	2/1.0	815 (+12%)	1mo	$99,000	$121	46

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 · 5.29% rent growth · sell at horizon

5-year hold

• IRR: 26.2%
• Equity multiple: 2.12×
• Total profit: $17,365
• Equity at exit: $8,272

10-year hold

• IRR: 35.2%
• Equity multiple: 4.62×
• Total profit: $56,286
• Equity at exit: $4,796

Cash invested: $15,533 (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 53218

• Home prices YoY: -19.0%
• Rents YoY: 5.3%
• Active inventory: 153
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,004 high
• Mortgage (P&I): −$291
• Tax from tax record: −$103 /mo · $1,238/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$211
• Net cashflow: $376

Break-even live

Break-even rent $528

Max offer price $55,475

Occupancy floor 58%

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: $13,869
• Closing costs: $1,664
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4572 N 38th St Unit 2 Milwaukee, WI	2.0	1.0	600	$950	$1.58	44d	1	0.65mi
3925 N 41st St Unit 2 Milwaukee, WI	1.0	1.0	700	$845	$1.21	23d	1	0.69mi
4651 N 36th St #4 Milwaukee, WI	2.0	1.0	747	$945	$1.27	23d	1	0.78mi
4603 N 29th St Unit 3 Milwaukee, WI	1.0	1.0	510	$750	$1.47	23d	1	1.17mi
3901 N 27th St Unit 3907 Milwaukee, WI	2.0	1.0	715	$895	$1.25	23d	1	1.41mi

Listing history 8 events

1. 2026-06-18
   days on market $55,475 Active 8 DOM
2. 2026-06-17
   days on market $55,475 Active 7 DOM
3. 2026-06-16
   days on market $55,475 Active 6 DOM
4. 2026-06-15
   days on market $55,475 Active 5 DOM
5. 2026-06-13
   days on market $55,475 Active 3 DOM
6. 2026-06-13
   pricestatusdays on marketlisting id $55,475 Active 2 DOM
7. 2026-04-13
   listed $70,000 Active 264-char remark

   Show marketing remark (264 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. OFFERS FROM OWNER-OCCUPANTS WILL BE CONSIDERED DURING THIS LISTING. BIDS DUE MAY 18, 2026 AT 10:00AM

8. 1977-06-01
   soldstatus $19,900

ⓘ 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: $1,238 · $103/mo
• Projected year-2 tax: $1,238 · $103/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (shaded) · 10% 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: $12,049
• − Mortgage interest: −$3,107
• − Property taxes: −$1,238
• − Insurance: −$277
• − Repairs & maintenance: −$964
• − Management: −$964
• − Depreciation: −$1,614
• Taxable income: $3,885
• Est. tax owed @ 24.0%: −$932
• After-tax cash flow: $3,580/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): 41,196
• Household income: $45,642
• Rent vs Own: 57.1% rent · 42.9% own
• Severe rent burden: 2421.0

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 (72%)
• Race & ethnicity: Black 72% Asian 10% White 10% Hispanic / Latino 5% Two or more races 3%
• Common ancestry: Romanian 1% Lithuanian 1%
• Foreign-born: 6% · Philippines, Canada
• Languages at home: 89% English-only · Other Asian/Pacific 7% Spanish 3%

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: ▼ -76.44%
• Current HPI: 325.1975
• Rent YoY: ▲ 5.29%
• 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

+178.8% since first listed

4 events — show timeline

• 2026-06-10 Listed $55,475 METROMLS
• 2026-05-20 Listing Removed — METROMLS
• 2026-04-13 Listed $70,000 METROMLS
• 1977-06-01 Sold (Public Records) $19,900 Public Records

Property tax history

-3.4%/yr

Latest (2024): $1,238 · -33.4% YoY. Source: county tax records.