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2547 N 56th St Unit 2547A Multi-family
B+ Composite 76.77
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
  • DSCR +10.0/10.0
  • 1% rule +8.6/10.0
  • Livability +4.0/5.0
  • Condition / age +3.8/5.0
  • Rent growth +3.5/5.0
  • Schools +1.9/10.0
  • Appreciation +0.0/10.0

$165,000

2547 N 56th St Unit 2547A · Milwaukee, WI 53210
4 bd · 2.0 ba · 1,752 sqft · MultiFamily · 146 Days on market
Built 1926 Good condition 3,484 sqft lot 2-car garage $94/sqft · 21% below area Est $210k · 21% under ↓ 7% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

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

Affordable first home or excellent investment opportunity. Almost $22,000 in annual rental income with room to grow! Hardwood floors. Large eat-in kitchens. Formal dining rooms. And a private backyard. Rooms sizes are not verified and are approximate.

Key facts

  • Private backyard
  • Formal dining rooms
  • Hardwood floors

Tags

HARDWOOD FLOORSLARGE EAT-IN KITCHENSFORMAL DINING ROOMSPRIVATE BACKYARD

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/2.0-bath multifamily listed at $165k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $637 ($8k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $165k).
  • Recommended offer: $145k (12.0% below list) — sets the bar for market timing.
  • Cap rate 10.9% vs local median 4.7% 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 (+3.8%/yr); 251 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals lingering (median 122d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 69% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).
  • At $2,250/mo this rent would consume 56% of the median local household income ($48k/yr) — 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 $1k of loan paydown is wiped out by about $5k 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 + 3.8% rent growth), your $46k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 146 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts; this cycle's ask has dropped $13k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $145,200 (12.0% below list)

Questions for the listing agent

  1. It's been on market 146 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  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. 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.
  8. 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.
  9. 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
1.36% ✓
Cap rate
10.93%
Cash-on-cash
16.55%
DSCR
1.74
GRM
6.1

CMA / ARV

ARV (median comp)
$209,621
List price
$165,000
Delta
-21.29%
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
2726 N 58th St Unit 2726A 0.24mi 4/2.0 1,806 (+3%) 0mo $250,000 $138 83
2639 N 55th St 0.12mi 4/2.0 1,877 (+7%) 7mo $120,000 $64 77
2554 N 51st St 0.31mi 4/2.0 1,812 (+3%) 4mo $135,000 $75 76
2870 N 59th St #2872 0.44mi 4/2.0 1,771 (+1%) 3mo $55,000 $31 76
2827 N 51st St 0.45mi 4/2.0 1,843 (+5%) 0mo $182,000 $99 70
2726 N 56th St Unit 2726A 0.23mi 4/2.0 1,934 (+10%) 8mo $155,000 $80 66
2551 N 66th St 0.60mi 4/2.0 1,810 (+3%) 2mo $405,000 $224 65
2410 N 61st St 0.31mi 4/2.0 2,001 (+14%) 4mo $365,000 $182 58
2728 N Carlton Pl #2730 0.49mi 5/2.0 (+1) 1,886 (+8%) 3mo $295,000 $156 57
3034 N 60th St #3036 0.65mi 4/2.0 1,632 (-7%) 5mo $163,000 $100 54
2908 N 51st St 0.55mi 5/2.0 (+1) 1,922 (+10%) 3mo $230,000 $120 51
3031 N 60th St 0.65mi 4/2.0 1,990 (+14%) 6mo $215,000 $108 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 · 3.82% rent growth · sell at horizon

5-year hold
IRR
8.6%
Equity multiple
1.34×
Total profit
$15,753
Equity at exit
$24,602
10-year hold
IRR
18.5%
Equity multiple
2.60×
Total profit
$73,924
Equity at exit
$14,266

Cash invested: $46,200 (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.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
20 active · 27 under contract
Months of supply
3.9 mo (26%/mo absorbed)
Median asking
$187,200 ($99/sqft)
Median days on market
56 d
This list price
35% of active listings are priced below it
ARV vs active asking
+21.0% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 53210

Home prices YoY
-21.5%
Rents YoY
3.8%
Active inventory
251
Price-to-rent
12.2×

Monthly cashflow live

Estimated rent
$2,250 high interval (Pro) →
Mortgage (P&I)
−$865
Tax est. 1.5%
−$206 /mo · $2,475/yr
Insurance
−$69
HOA
−$0
Vacancy / Maint / Mgmt
−$472
Net cashflow
$637

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

UnitsBedsBathsEst. rent
Total (2 units) $2,250

Break-even live

Break-even rent $1,443
Max offer price $165,000
Occupancy floor 67%

Sensitivity live

Price -10% $751 -5% $694 +0% $637 +5% $580 +10% $523
Rent -10% $459 -5% $548 +0% $637 +5% $726 +10% $815
Rate -1.0pp $720 -0.5pp $679 base $637 +0.5pp $594 +1.0pp $551

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
$41,250
Closing costs
$4,950
Reserves months
—
Total cash needed
—

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2444 N 55th St Unit 2444 Milwaukee, WI 2.0 1.0 — $1,150 — 184d 1 0.13mi
2611 N 54th St Milwaukee, WI 3.0 1.0 — $1,400 — 127d 1 0.13mi
2639 N 55th St Unit 2639A (Upper) Milwaukee, WI 2.0 1.0 950 $1,150 $1.21 158d 1 0.14mi
2563 N 53rd St Unit 2563A Upper Milwaukee, WI 1.0 1.0 663 $750 $1.13 126d 1 0.15mi
5233 W Lisbon Ave Unit 2 Milwaukee, WI 2.0 1.0 — $1,150 — 55d 1 0.19mi
2373 N 56th St Milwaukee, WI 2.0 1.0 1100 $1,200 $1.09 10d 1 0.19mi
2545A N 52nd St Milwaukee, WI 1.0 1.0 850 $850 $1.00 55d 1 0.20mi
2360 N 56th St Milwaukee, WI 2.0 1.5 1400 $1,875 $1.34 9d 1 0.20mi
2545 N 52nd St Unit 2545A Milwaukee, WI 1.0 1.0 850 $850 $1.00 10d 1 0.20mi
2466 N 52nd St Milwaukee, WI 3.0 1.0 — $1,250 — 2d 1 0.24mi
2466 N 52nd St Unit 2466 Milwaukee, WI 3.0 1.0 — $1,250 — 10d 1 0.24mi
2409 N 52nd St Apt 1 Milwaukee, WI 2.0 1.0 900 $950 $1.06 9d 1 0.26mi
2322 N 56th St #2320 Milwaukee, WI 3.0 1.0 1738 $1,500 $0.86 133d 1 0.26mi
2657 N 52nd St Milwaukee, WI 3.0 3.0 1537 $1,995 $1.30 29d 1 0.26mi
2737 N 55th St Milwaukee, WI 1.0 1.0 — $750 — 145d 1 0.27mi
2350 N 53rd St Apt 4 Milwaukee, WI 2.0 1.0 990 $895 $0.90 35d 1 0.28mi
2350 N 53rd St Apt 4 Milwaukee, WI 2.0 1.0 990 $895 $0.90 10d 1 0.28mi
2675 N 52nd St Milwaukee, WI 2.0 1.0 — $910 — 112d 1 0.28mi
2675 N 52nd St Milwaukee, WI 2.0 1.0 — $915 — 164d 1 0.28mi
2357 N 59th St Milwaukee, WI 3.0 1.0 1498 $1,498 $1.00 55d 1 0.28mi
5700 W North Ave Unit 1 Milwaukee, WI 2.0 1.0 600 $980 $1.63 2d 1 0.30mi
5700 W North Ave Unit 5 Milwaukee, WI 1.0 1.0 — $930 — 157d 1 0.30mi
2759 N 57th St #2761 Milwaukee, WI 2.0 1.0 — $1,100 — 10d 1 0.31mi
2438 N 51st St Unit 2 Milwaukee, WI 3.0 1.0 1300 $1,650 $1.27 164d 1 0.31mi
2776 N 56th St Milwaukee, WI 3.0 1.0 — $1,095 — 128d 1 0.33mi
2744 N 53rd St Milwaukee, WI 3.0 1.0 — $1,500 — 52d 1 0.33mi
2511 N 50th St Milwaukee, WI 2.0 1.0 1192 $1,300 $1.09 10d 1 0.33mi
2660 N 51st St Milwaukee, WI 2.0 1.0 1243 $1,350 $1.09 10d 1 0.34mi
2445 N 50th St Milwaukee, WI 3.0 1.0 3 $1,195 $398.33 162d 1 0.34mi
2756 N 53rd St Milwaukee, WI 3.0 1.0 — $1,395 — 122d 1 0.34mi
2740-2742 N 60th St Milwaukee, WI 2.0 1.0 2 $995 $497.50 127d 1 0.35mi
2625 N 50th St Milwaukee, WI 1.0 1.0 — $1,395 — 0d 1 0.35mi
2629 N 50th St Unit Upper Milwaukee, WI 3.0 1.0 1258 $1,375 $1.09 144d 1 0.35mi
2600 N 50th St Milwaukee, WI 2.0 1.0 — $1,050 — 184d 1 0.36mi
2330A N 61st St Milwaukee, WI 2.0 1.0 2200 $1,250 $0.57 31d 1 0.36mi
2330 N 61st St Unit 2330A Wauwatosa, WI 2.0 1.0 2200 $1,250 $0.57 10d 1 0.37mi
2821 N 57th St Milwaukee, WI 2.0 1.0 900 $995 $1.11 155d 1 0.38mi
2467 N 49th St Unit 2467A Milwaukee, WI 2.0 1.0 850 $850 $1.00 184d 1 0.39mi
2661 N 62nd St #2663 Wauwatosa, WI 2.0 1.0 1200 $1,700 $1.42 184d 1 0.40mi
2750 N 61st St Milwaukee, WI 3.0 2.5 1141 $2,100 $1.84 18d 1 0.40mi

Property features AI

Finance

Other
Property listed as multi-family (2 units)

Exterior

Parking
Detached 2-car garage
Utilities
Municipal waterMunicipal sewer2 electric meters2 gas meters
Home design
Two-story duplexMulti-family property
Construction
Public record for year built (assessor/public record)
Exterior features
Aluminum/steel, aluminum, vinyl, and wood exterior materialsLot under 1/2 acre (approximately 0.08 acre)Zoned RS6

Interior

Kitchen
Unit 2 kitchen located on upper level
Bedrooms
Unit 1: 2 bedroomsUnit 2: 2 bedrooms (master and second bedroom on upper level)
Bathrooms
Unit 1: 1 full bathroomUnit 2: 1 full bathroom
Interior features
Full block basement
Laundry & utility
Separate electric meters for each unitSeparate gas meters for each unit

Listing history 50 events

  1. 2026-09-21
    days on market $165,000 Active 146 DOM
  2. 2026-09-20
    days on market $165,000 Active 145 DOM
  3. 2026-09-19
    days on market $165,000 Active 144 DOM
  4. 2026-09-18
    days on market $165,000 Active 143 DOM
  5. 2026-09-17
    days on market $165,000 Active 142 DOM
  6. 2026-09-16
    days on market $165,000 Active 141 DOM
  7. 2026-09-15
    days on market $165,000 Active 140 DOM
  8. 2026-09-14
    price $165,000 Active 139 DOM
  9. 2026-09-14
    days on market $172,900 Active 139 DOM
  10. 2026-09-13
    days on market $172,900 Active 138 DOM
  11. 2026-09-12
    days on market $172,900 Active 137 DOM
  12. 2026-09-11
    days on market $172,900 Active 136 DOM
  13. 2026-09-05
    days on market $172,900 Active 130 DOM
  14. 2026-09-04
    days on market $172,900 Active 129 DOM
  15. 2026-09-03
    days on market $172,900 Active 128 DOM
  16. 2026-08-31
    days on market $172,900 Active 125 DOM
  17. 2026-08-29
    days on market $172,900 Active 123 DOM
  18. 2026-08-28
    days on market $172,900 Active 122 DOM
  19. 2026-08-27
    days on market $172,900 Active 121 DOM
  20. 2026-08-26
    days on market $172,900 Active 120 DOM
  21. 2026-08-25
    days on market $172,900 Active 119 DOM
  22. 2026-08-24
    days on market $172,900 Active 118 DOM
  23. 2026-08-23
    days on market $172,900 Active 117 DOM
  24. 2026-08-22
    days on market $172,900 Active 116 DOM
  25. 2026-08-21
    days on market $172,900 Active 115 DOM
  26. 2026-08-20
    days on market $172,900 Active 114 DOM
  27. 2026-08-19
    days on market $172,900 Active 113 DOM
  28. 2026-08-18
    days on market $172,900 Active 112 DOM
  29. 2026-08-17
    days on market $172,900 Active 111 DOM
  30. 2026-08-16
    days on market $172,900 Active 110 DOM
  31. 2026-08-15
    days on market $172,900 Active 109 DOM
  32. 2026-08-14
    days on market $172,900 Active 108 DOM
  33. 2026-08-13
    days on market $172,900 Active 107 DOM
  34. 2026-08-12
    days on market $172,900 Active 106 DOM
  35. 2026-08-11
    days on market $172,900 Active 105 DOM
  36. 2026-08-10
    days on market $172,900 Active 104 DOM
  37. 2026-08-09
    days on market $172,900 Active 103 DOM
  38. 2026-08-08
    days on market $172,900 Active 102 DOM
  39. 2026-08-07
    days on market $172,900 Active 101 DOM
  40. 2026-08-06
    days on market $172,900 Active 100 DOM
  41. 2026-08-05
    days on market $172,900 Active 99 DOM
  42. 2026-08-04
    days on market $172,900 Active 98 DOM
  43. 2026-08-03
    days on market $172,900 Active 97 DOM
  44. 2026-07-31
    days on market $172,900 Active 94 DOM
  45. 2026-07-30
    days on market $172,900 Active 93 DOM
  46. 2026-07-30
    days on market $172,900 Active 92 DOM
  47. 2026-07-28
    days on market $172,900 Active 91 DOM
  48. 2026-07-26
    days on market $172,900 Active 89 DOM
  49. 2026-07-24
    days on market $172,900 Active 87 DOM
  50. 2026-07-23
    days on market $172,900 Active 86 DOM

ⓘ 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 ≥99°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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$27,000
− Mortgage interest
−$9,243
− Property taxes
−$2,475
− Insurance
−$825
− Repairs & maintenance
−$2,160
− Management
−$2,160
− Depreciation
−$4,800
Taxable income
$5,337
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,281
After-tax cash flow
$6,366/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

Good 75/100 Cosmetic rehab Est. rehab $8,760–$26,280 screening

This multi-family home is in good condition with modern amenities and a well-maintained exterior. Potential buyers should consider painting the exterior and updating window treatments to further enhance its curb appeal and value.

Value-add opportunities

  • Both Paint exterior siding — Enhances curb appeal and value ↑
  • Both Replace window treatments — Improves aesthetics and energy efficiency ↑
  • Both Upgrade lighting fixtures — Enhances ambiance and energy efficiency ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 19/100

Zoned Schools

Elementary Milwaukee French Immersion F WI #864/1,041 Nat'l #33,738/41,679 High Milwaukee School Of Languages F WI #397/483 Nat'l #14,759/17,239

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
A Composite livability gradescore 81/100

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 · 995,758 people
City population
573,768
Metro
Milwaukee-Waukesha, WI
Population (ZIP)
23,922
Household income
$48,217
Rent vs Own
60.4% rent · 39.6% own
Severe rent burden
13% of renters

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 (71%)
Race & ethnicity
Black 71% White 17% Hispanic / Latino 6% Two or more races 6% Asian 2%
Hispanic origin (detail)
Mexican 3% Puerto Rican 1%
Languages at home
94% English-only · Spanish 3% 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
—

Price history

-7.0% since first listed
4 events — show timeline
  • 2026-05-26 Price Changed $172,900 METROMLS
  • 2026-04-28 Listed $178,000 METROMLS
  • 2025-12-22 Listing Removed — METROMLS
  • 2025-10-10 Listed $186,000 METROMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…