1621 Elmira Ave · Superior, WI 54880

$219,900

3 bd · 3.0 ba · 1,386 sqft · Other · 26 Days on market

Built 1895 0.32 ac lot

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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 +13.9/30.0
• ARV discount +7.5/15.0
• Livability +4.3/5.0
• DSCR +4.2/10.0
• Rent growth +3.2/5.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nestled in the heart of Billings Park, this charming home offers the perfect blend of classic character and thoughtful updates all on a generous double corner lot. Enjoy an unbeatable location just minutes from Highway 2, Lincoln Park, scenic waterfront access, trails, and the Superior Municipal Forest. Inside, you'll find refinished original hardwood floors full of character alongside brand new flooring throughout, giving the home a fresh yet timeless feel. The flexible layout includes 3 bedrooms and 1.5bathrooms, with the convenience of a main-level bedroom and bathroom; ideal for guests, multi-generational living, or everyday ease. The recently serviced boiler provides reliable, efficient heat, and the home's solid bones make it move-in ready with room to personalize. Outside, two separate garages offer exceptional versatility— one features a brand new roof, while the larger garage is perfect for additional storage, a workshop, or hobby space. Whether you're drawn to the walkable neighborhood, the outdoor lifestyle right at your doorstep, or the value of a double lot in one of Superior's most beloved park neighborhoods, 1621 Elmira checks every box.

Key facts

• Main-level bedroom
• Double corner lot
• Brand new roof

Tags

• DOUBLE CORNER LOT
• SCENIC WATERFRONT ACCESS
• MAIN-LEVEL BEDROOM
• RECENTLY SERVICED BOILER
• TWO SEPARATE GARAGES
• BRAND NEW ROOF

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath other listed at $220k.

Deal economics

• At list price, monthly cash flow is $26 ($306/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 $169k (23.0% below list).
• Recommended offer: $169k (23.0% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 4.5% in Superior — 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 86/100 on livability (#21 in WI, #337 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools C-.
• Superior School District (suburban): math 23% / reading 34% proficiency, ranked #290 of 342 in WI (top 85%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+2.8%/yr); 168 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 110 units permitted in Douglas County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Douglas County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($217k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y 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 $67k; list at $220k implies a 228% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1895 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $169,377 (23.0% below list)

Questions for the listing agent

1. Built in 1895 — 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. 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?
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 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: 0.77% ✗
• Cap rate: 6.43%
• Cash-on-cash: 0.50%
• DSCR: 1.02
• GRM: 10.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.76% rent growth · sell at horizon

5-year hold

• IRR: -15.8%
• Equity multiple: 0.44×
• Total profit: $-34,519
• Equity at exit: $32,788

10-year hold

• IRR: -7.8%
• Equity multiple: 0.51×
• Total profit: $-30,046
• Equity at exit: $19,013

Cash invested: $61,572 (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 54880

• Rents YoY: 2.8%
• Active inventory: 168
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $1,694 medium
• Mortgage (P&I): −$1,153
• Tax from tax record: −$68 /mo · $813/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $26

Break-even live

Break-even rent $1,661

Max offer price $219,900

Occupancy floor 93%

Sensitivity live

Price	-10% $150	-5% $88	+0% $26	+5% $-37	+10% $-99
Rent	-10% $-108	-5% $-41	+0% $26	+5% $92	+10% $159
Rate	-1.0pp $136	-0.5pp $81	base $26	+0.5pp $-31	+1.0pp $-89

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: $54,975
• Closing costs: $6,597
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1806 John Ave Unit 1 Superior, WI	4.0	2.0	1600	$1,850	$1.16	45d	1	0.70mi
1923 Iowa Ave Superior, WI	2.0	1.0	950	$1,200	$1.26	14d	1	0.70mi

Listing history 13 events

1. 2026-05-12
   status Pending 1176-char remark

   Show marketing remark (1176 chars)

   Nestled in the heart of Billings Park, this charming home offers the perfect blend of classic character and thoughtful updates all on a generous double corner lot. Enjoy an unbeatable location just minutes from Highway 2, Lincoln Park, scenic waterfront access, trails, and the Superior Municipal Forest. Inside, you'll find refinished original hardwood floors full of character alongside brand new flooring throughout, giving the home a fresh yet timeless feel. The flexible layout includes 3 bedrooms and 1.5bathrooms, with the convenience of a main-level bedroom and bathroom; ideal for guests, multi-generational living, or everyday ease. The recently serviced boiler provides reliable, efficient heat, and the home's solid bones make it move-in ready with room to personalize. Outside, two separate garages offer exceptional versatility— one features a brand new roof, while the larger garage is perfect for additional storage, a workshop, or hobby space. Whether you're drawn to the walkable neighborhood, the outdoor lifestyle right at your doorstep, or the value of a double lot in one of Superior's most beloved park neighborhoods, 1621 Elmira checks every box.

2. 2026-04-25
   status Pending 1178-char remark

   Show marketing remark (1178 chars)

   Nestled in the heart of Billings Park, this charming home offers the perfect blend of classic character and thoughtful updates all on a generous double corner lot. Enjoy an unbeatable location just minutes from Highway 2, Lincoln Park, scenic waterfront access, trails, and the Superior Municipal Forest. Inside, you'll find refinished original hardwood floors full of character alongside brand new flooring throughout, giving the home a fresh yet timeless feel. The flexible layout includes 3 bedrooms and 1.5 bathrooms, with the convenience of a main-level bedroom and bathroom; ideal for guests, multi-generational living, or everyday ease. The recently serviced boiler provides reliable, efficient heat, and the home's solid bones make it move-in ready with room to personalize. Outside, two separate garages offer exceptional versatility — one features a brand new roof, while the larger garage is perfect for additional storage, a workshop, or hobby space. Whether you're drawn to the walkable neighborhood, the outdoor lifestyle right at your doorstep, or the value of a double lot in one of Superior's most beloved park neighborhoods, 1621 Elmira checks every box.

3. 2026-04-25
   status Pending 1178-char remark

   Show marketing remark (1178 chars)

   Nestled in the heart of Billings Park, this charming home offers the perfect blend of classic character and thoughtful updates all on a generous double corner lot. Enjoy an unbeatable location just minutes from Highway 2, Lincoln Park, scenic waterfront access, trails, and the Superior Municipal Forest. Inside, you'll find refinished original hardwood floors full of character alongside brand new flooring throughout, giving the home a fresh yet timeless feel. The flexible layout includes 3 bedrooms and 1.5 bathrooms, with the convenience of a main-level bedroom and bathroom; ideal for guests, multi-generational living, or everyday ease. The recently serviced boiler provides reliable, efficient heat, and the home's solid bones make it move-in ready with room to personalize. Outside, two separate garages offer exceptional versatility — one features a brand new roof, while the larger garage is perfect for additional storage, a workshop, or hobby space. Whether you're drawn to the walkable neighborhood, the outdoor lifestyle right at your doorstep, or the value of a double lot in one of Superior's most beloved park neighborhoods, 1621 Elmira checks every box.

4. 2026-04-20
   historical Contingent 1178-char remark

   Show marketing remark (1178 chars)

   Nestled in the heart of Billings Park, this charming home offers the perfect blend of classic character and thoughtful updates all on a generous double corner lot. Enjoy an unbeatable location just minutes from Highway 2, Lincoln Park, scenic waterfront access, trails, and the Superior Municipal Forest. Inside, you'll find refinished original hardwood floors full of character alongside brand new flooring throughout, giving the home a fresh yet timeless feel. The flexible layout includes 3 bedrooms and 1.5 bathrooms, with the convenience of a main-level bedroom and bathroom; ideal for guests, multi-generational living, or everyday ease. The recently serviced boiler provides reliable, efficient heat, and the home's solid bones make it move-in ready with room to personalize. Outside, two separate garages offer exceptional versatility — one features a brand new roof, while the larger garage is perfect for additional storage, a workshop, or hobby space. Whether you're drawn to the walkable neighborhood, the outdoor lifestyle right at your doorstep, or the value of a double lot in one of Superior's most beloved park neighborhoods, 1621 Elmira checks every box.

5. 2026-04-16
   listed $219,900 Active 1178-char remark

   Show marketing remark (1178 chars)

   Nestled in the heart of Billings Park, this charming home offers the perfect blend of classic character and thoughtful updates all on a generous double corner lot. Enjoy an unbeatable location just minutes from Highway 2, Lincoln Park, scenic waterfront access, trails, and the Superior Municipal Forest. Inside, you'll find refinished original hardwood floors full of character alongside brand new flooring throughout, giving the home a fresh yet timeless feel. The flexible layout includes 3 bedrooms and 1.5 bathrooms, with the convenience of a main-level bedroom and bathroom; ideal for guests, multi-generational living, or everyday ease. The recently serviced boiler provides reliable, efficient heat, and the home's solid bones make it move-in ready with room to personalize. Outside, two separate garages offer exceptional versatility — one features a brand new roof, while the larger garage is perfect for additional storage, a workshop, or hobby space. Whether you're drawn to the walkable neighborhood, the outdoor lifestyle right at your doorstep, or the value of a double lot in one of Superior's most beloved park neighborhoods, 1621 Elmira checks every box.

6. 2026-04-15
   listed $219,900 Active 1176-char remark

   Show marketing remark (1178 chars)

   Nestled in the heart of Billings Park, this charming home offers the perfect blend of classic character and thoughtful updates all on a generous double corner lot. Enjoy an unbeatable location just minutes from Highway 2, Lincoln Park, scenic waterfront access, trails, and the Superior Municipal Forest. Inside, you'll find refinished original hardwood floors full of character alongside brand new flooring throughout, giving the home a fresh yet timeless feel. The flexible layout includes 3 bedrooms and 1.5 bathrooms, with the convenience of a main-level bedroom and bathroom; ideal for guests, multi-generational living, or everyday ease. The recently serviced boiler provides reliable, efficient heat, and the home's solid bones make it move-in ready with room to personalize. Outside, two separate garages offer exceptional versatility — one features a brand new roof, while the larger garage is perfect for additional storage, a workshop, or hobby space. Whether you're drawn to the walkable neighborhood, the outdoor lifestyle right at your doorstep, or the value of a double lot in one of Superior's most beloved park neighborhoods, 1621 Elmira checks every box.

7. 2026-04-15
   listed $219,900 Active 1178-char remark

   Show marketing remark (1178 chars)

   Nestled in the heart of Billings Park, this charming home offers the perfect blend of classic character and thoughtful updates all on a generous double corner lot. Enjoy an unbeatable location just minutes from Highway 2, Lincoln Park, scenic waterfront access, trails, and the Superior Municipal Forest. Inside, you'll find refinished original hardwood floors full of character alongside brand new flooring throughout, giving the home a fresh yet timeless feel. The flexible layout includes 3 bedrooms and 1.5 bathrooms, with the convenience of a main-level bedroom and bathroom; ideal for guests, multi-generational living, or everyday ease. The recently serviced boiler provides reliable, efficient heat, and the home's solid bones make it move-in ready with room to personalize. Outside, two separate garages offer exceptional versatility — one features a brand new roof, while the larger garage is perfect for additional storage, a workshop, or hobby space. Whether you're drawn to the walkable neighborhood, the outdoor lifestyle right at your doorstep, or the value of a double lot in one of Superior's most beloved park neighborhoods, 1621 Elmira checks every box.

8. 2023-05-26
   soldstatus $67,100
9. 2023-05-24
   soldstatus $67,001 Sold
10. 2023-05-23
    soldstatus $67,001
11. 2023-05-12
    listed $70,000
12. 2023-05-12
    historical
13. 2023-04-29
    listed $70,000

ⓘ 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: $813 · $68/mo
• Projected year-2 tax: $2,441 · $203/mo
• Expected delta: +$1,627/yr (+$136/mo · 200.1%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥92°F today · 13 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,325
• − Mortgage interest: −$12,318
• − Property taxes: −$813
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,626
• − Management: −$1,626
• − Depreciation: −$6,397
• Taxable loss: −$3,554
• Est. tax savings @ 24.0%: +$853
• After-tax cash flow: $1,159/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: Superior School District
• NCES district ID: 5514670
• Math proficiency: 23% ▼ -12.00%
• Reading proficiency: 34% ▼ -4.00%
• Median HH income: $43,659
• Composite: 24.31/100
• National rank: #7711
• State rank: #290 of 342 in WI

Livability — Superior

• Score: 86/100
• State rank: #21
• US rank: #337

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Superior, WI
• County: Douglas County · 30,312 people
• City population: 30,312
• Metro: Duluth, MN-WI
• Population (ZIP): 30,312
• Household income: $68,275
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 1018.0

Population outlook (Douglas County) Hauer SSP2

• Today (2025): 42,505 people
• By 2030: 41,269 · -2.9%
• By 2040: 37,829 · -11.0%
• By 2050: 34,043 · -19.9%
• By 2075: 25,892 · -39.1%
• By 2100: 19,487 · -54.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Hispanic / Latino 2% Black 1% Asian 1% Native American 1%
• Common ancestry: Portuguese 10% Romanian 9% Lithuanian 4%
• Foreign-born: 2% · China, Vietnam
• Languages at home: 97% English-only · Spanish 1%

Political lean MEDSL · Douglas

• 2024 margin: Lean D (+5.3) · D 52.0% · R 46.6% · Other 1.4%
• 2008→2024 swing: -27.9pp toward R · 2008: 33.2pp · 2024: 5.3pp
• All cycles: 2024: D+5.3 2020: D+9.3 2016: D+7.6 2012: D+31.3 2008: D+33.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -167.80%
• Current HPI: 226.557
• Rent YoY: ▲ 2.76%
• Metro: Duluth, MN-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

+214.1% since first listed

13 events — show timeline

• 2026-05-12 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-25 Pending — LSAR
• 2026-04-25 Pending — SAAR
• 2026-04-20 Contingent — SAAR
• 2026-04-16 Listed $219,900 LSAR
• 2026-04-15 Listed $219,900 SAAR
• 2026-04-15 Listed $219,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-05-26 Sold (Public Records) $67,100 Public Records
• 2023-05-24 Sold (MLS) $67,001 NORTHSTARMLS as Distributed by MLS Grid
• 2023-05-23 Sold (MLS) $67,001 LSAR
• 2023-05-12 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2023-05-12 Listed $70,000 NORTHSTARMLS as Distributed by MLS Grid
• 2023-04-29 Listed $70,000 LSAR

Property tax history

-6.9%/yr

Latest (2025): $813 · +1.8% YoY. Source: county tax records.