1315 67th Pl · Kenosha, WI 53143

$119,900

4 bd · 1.0 ba · 1,619 sqft · MultiFamily public records · 1 Days on market

Built 1907 5,227 sqft lot Est $215k · 44% 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 +4.2/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• 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

4 bedroom, 2 bathroom home located on dead end and off alley. This property was previously used as a duplex and offers strong potential for the right buyer or investor. The home does need work, but the layout provides flexibility and value-add opportunity. Conveniently located less than 5 minutes from Downtown Kenosha, local parks, shopping, restaurants, and Lake Michigan. Great opportunity to bring this property back to life.

Key facts

• 5,227 sq ft lot
• Parking
• Built 1907

Property features AI

Finance

• Financial info: Total taxes listed (see listing for amount and year)

Exterior

• Parking: 1 parking space
• Utilities: Municipal water; Municipal sewer
• Home design: Single-family home; 2-story building
• Construction: Information source lists year built from assessor/public record
• Exterior features: Vinyl exterior; Lot size approximately 0.12 acres; Acreage less than 1/2 acre; Zoning: M1

Interior

• Kitchen: Kitchen on upper level (11 x 11)
• Bedrooms: Master bedroom on upper level (11 x 13); Second bedroom on upper level (11 x 11)
• Bathrooms: Two full bathrooms; Shower over tub
• Heating & cooling: Forced air heating; Natural gas heat
• Interior features: Full basement; Living room on upper level (13 x 15)

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath multifamily listed at $120k.

Deal economics

• At list price, monthly cash flow is $733 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Cap rate 13.6% 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: Brass Community School (math 2% / reading 2%, grade F, #1,024 of 1,041 statewide, top 100%, 328 students, 94% FRL); Lincoln Middle (math 8% / reading 13%, grade F, #370 of 383 statewide, top 97%, 449 students, 82% FRL); Tremper High (math 13% / reading 25%, grade F, #395 of 483 statewide, top 82%, 1,540 students, 45% 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 11% at this address vs 28% district-wide (-18 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: 34 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 35% of the median local income ($68k/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 $829 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 1 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 $62k; list at $120k implies a 93% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1907 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $119,900

Questions for the listing agent

1. Built in 1907 — 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 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?
4. 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.
5. 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.
6. 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: 1.68% ✓
• Cap rate: 13.63%
• Cash-on-cash: 26.19%
• DSCR: 2.17
• GRM: 5.0

CMA / ARV

• ARV (on-the-fly): $215,327
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7005 13th Ave #7007	0.19mi	3/2.0 (-1)	1,583 (-2%)	13mo	$225,000	$142	68
904 72nd St	0.33mi	3/2.0 (-1)	1,612 (-0%)	13mo	$229,900	$143	64
6914 22nd Ave	0.51mi	3/2.0 (-1)	1,603 (-1%)	4mo	$171,777	$107	62
6545 5th Ave	0.51mi	3/2.0 (-1)	1,679 (+4%)	1mo	$260,000	$155	60
2218 66th St	0.55mi	4/2.0	1,630 (+1%)	15mo	$186,000	$114	57
6826 22nd Ave	0.50mi	4/2.0	1,760 (+9%)	2mo	$270,000	$153	56
1610 76th St	0.56mi	4/2.0	1,532 (-5%)	9mo	$250,000	$163	54
6603 23rd Ave	0.55mi	4/2.0	1,729 (+7%)	7mo	$220,000	$127	53
6827 25th Ave	0.66mi	4/2.0	1,764 (+9%)	9mo	$226,500	$128	43
6628 25th Ave	0.69mi	3/2.0 (-1)	1,713 (+6%)	13mo	$227,000	$133	38
1205 58th St	0.69mi	4/2.0	1,856 (+15%)	3mo	$212,000	$114	37
5904 18th Ave	0.69mi	4/2.0	1,771 (+9%)	13mo	$203,000	$115	37

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.0%
• Equity multiple: 1.81×
• Total profit: $27,286
• Equity at exit: $17,877

10-year hold

• IRR: 28.2%
• Equity multiple: 3.50×
• Total profit: $84,051
• Equity at exit: $10,367

Cash invested: $33,572 (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 53143

• Active inventory: 34
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $2,016 high
• Mortgage (P&I): −$629
• Tax from tax record: −$181 /mo · $2,178/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$423
• Net cashflow: $733

Break-even live

Break-even rent $1,089

Max offer price $119,900

Occupancy floor 59%

Sensitivity live

Price	-10% $801	-5% $767	+0% $733	+5% $699	+10% $665
Rent	-10% $573	-5% $653	+0% $733	+5% $812	+10% $892
Rate	-1.0pp $793	-0.5pp $763	base $733	+0.5pp $702	+1.0pp $670

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7719 15th Ave Kenosha, WI	4.0	2.0	1898	$2,599	$1.37	20d	1	0.64mi
1809 60th St Kenosha, WI	3.0	1.0	1100	$1,500	$1.36	45d	1	0.65mi
1819 58th St Kenosha, WI	3.0	1.5	1065	$1,795	$1.69	0d	1	0.74mi
5807 20th Ave Unit 2 Kenosha, WI	3.0	1.0	1064	$2,400	$2.26	20d	1	0.77mi
1510 57th St Unit 2 Kenosha, WI	4.0	2.0	1700	$1,800	$1.06	45d	1	0.77mi
5432 23rd Ave Kenosha, WI	4.0	2.0	1400	$1,695	$1.21	5d	1	1.07mi

Listing history 5 events

1. 2026-05-15
   status Pending 430-char remark

   Show marketing remark (430 chars)

   4 bedroom, 2 bathroom home located on dead end and off alley. This property was previously used as a duplex and offers strong potential for the right buyer or investor. The home does need work, but the layout provides flexibility and value-add opportunity. Conveniently located less than 5 minutes from Downtown Kenosha, local parks, shopping, restaurants, and Lake Michigan. Great opportunity to bring this property back to life.

2. 2026-05-15
   status Pending

   Show marketing remark (430 chars)

   4 bedroom, 2 bathroom home located on dead end and off alley. This property was previously used as a duplex and offers strong potential for the right buyer or investor. The home does need work, but the layout provides flexibility and value-add opportunity. Conveniently located less than 5 minutes from Downtown Kenosha, local parks, shopping, restaurants, and Lake Michigan. Great opportunity to bring this property back to life.

3. 2026-05-14
   listed $119,900 Active 430-char remark

   Show marketing remark (430 chars)

   4 bedroom, 2 bathroom home located on dead end and off alley. This property was previously used as a duplex and offers strong potential for the right buyer or investor. The home does need work, but the layout provides flexibility and value-add opportunity. Conveniently located less than 5 minutes from Downtown Kenosha, local parks, shopping, restaurants, and Lake Michigan. Great opportunity to bring this property back to life.

4. 2026-05-14
   listed $119,900 Active

   Show marketing remark (430 chars)

   4 bedroom, 2 bathroom home located on dead end and off alley. This property was previously used as a duplex and offers strong potential for the right buyer or investor. The home does need work, but the layout provides flexibility and value-add opportunity. Conveniently located less than 5 minutes from Downtown Kenosha, local parks, shopping, restaurants, and Lake Michigan. Great opportunity to bring this property back to life.

5. 1998-08-01
   soldstatus $62,000

ⓘ 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: $2,178 · $181/mo
• Projected year-2 tax: $2,198 · $183/mo
• Expected delta: +$20/yr (+$2/mo · 0.9%)

ⓘ 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: $24,196
• − Mortgage interest: −$6,716
• − Property taxes: −$2,178
• − Insurance: −$600
• − Repairs & maintenance: −$1,936
• − Management: −$1,936
• − Depreciation: −$3,488
• Taxable income: $7,343
• Est. tax owed @ 24.0%: −$1,762
• After-tax cash flow: $7,030/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): 20,889
• Household income: $68,343
• Rent vs Own: 40.9% rent · 59.1% own
• Severe rent burden: 813.0

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 59% Hispanic / Latino 21% Two or more races 18% Black 11% Asian 1%
• Hispanic origin (detail): Mexican 16% Puerto Rican 2%
• Common ancestry: Romanian 6% Portuguese 5% Lithuanian 2%
• Foreign-born: 6% · Canada, China
• Languages at home: 89% English-only · Spanish 10% Chinese 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: ▼ -220.75%
• Current HPI: 229.2067
• Rent YoY: —
• 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

+93.4% since first listed

5 events — show timeline

• 2026-05-15 Pending — METROMLS
• 2026-05-15 Pending — METROMLS
• 2026-05-14 Listed $119,900 METROMLS
• 2026-05-14 Listed $119,900 METROMLS
• 1998-08-01 Sold (Public Records) $62,000 Public Records

Property tax history

+2.5%/yr

Latest (2025): $2,178 · +6.1% YoY. Source: county tax records.