1711 E Belleview Pl · Milwaukee, WI 53211

$335,000

2 bd · 2.0 ba · 1,714 sqft · MultiFamily public records · 1 Days on market

Built 1893 3,049 sqft lot $195/sqft · 12% below area Est $381k · 12% under

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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 +13.2/30.0
• ARV discount +12.9/15.0
• DSCR +4.0/10.0
• Livability +4.0/5.0
• 1% rule +3.9/10.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

This beautifully updated duplex offers modern comfort and style throughout. The upper unit features a fully remodeled kitchen with granite countertops, new appliances, and fresh vinyl plank flooring, plus a renovated bathroom with new fixtures, tub, and vanity. Bedrooms boast new carpet, solid interior doors, and fresh paint for a move-in ready feel. The lower unit includes a remodeled kitchen with granite counters, updated hardware, and a refreshed bathroom with new vanity and fixtures. Common areas shine with new front and back porches, basement windows, a new concrete slab, and a secure fence gate--making this property a turnkey investment or ideal owner-occupied opportunity.

Key facts

• Renovated bathroom
• New carpet
• New appliances

Tags

• FULLY REMODELED KITCHEN
• GRANITE COUNTERTOPS
• NEW APPLIANCES
• RENOVATED BATHROOM
• NEW FIXTURES
• NEW CARPET

Property features AI

Finance

• Financial info: Property type: Multi-family

Exterior

• Utilities: Municipal water; Municipal sewer; Two electric meters; Two gas meters
• Home design: 2-story duplex; Multi-family property
• Construction: Brick basement
• Exterior features: Vinyl exterior; Lot smaller than 1/2 acre (approximately 0.07 acre); Zoned RT4 Residential

Interior

• Kitchen: Each unit includes a kitchen; Two stoves and two refrigerators included
• Bedrooms: Unit 1: 1 bedroom; Unit 2: 2 bedrooms (master and second bedroom on upper level)
• Bathrooms: Unit 1: 1 full bath; Unit 2: 1 full bath
• Interior features: Full brick basement

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1-bath units multifamily listed at $335k.

Deal economics

• At list price, monthly cash flow is $-7 ($-80/yr) — negative. Per door: $-3/mo.
• To cash-flow at today's rent, offer at most $334k (0.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $297k (11.4% below list).
• Recommended offer: $297k (11.4% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 5.1% in Milwaukee — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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 (+2.5%/yr); 70 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).
• At $2,967/mo this rent would consume 47% of the median local household income ($75k/yr) (locally 2472% of renters already pay >50% of income on rent) — 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 $2k of loan paydown is wiped out by about $10k 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.

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 $52k; list at $335k implies a 544% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1893 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $296,700 (11.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1893 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.89% ✗
• Cap rate: 6.27%
• Cash-on-cash: -0.09%
• DSCR: 1.00
• GRM: 9.4

CMA / ARV

• ARV (median comp): $381,024
• List price: $335,000
• Delta: -10.79%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2473 N Dousman St #2475	0.43mi	3/2.0 (+1)	1,613 (-6%)	7mo	$281,000	$174	59
620 E Center St	0.75mi	3/2.0 (+1)	1,738 (+1%)	12mo	$330,000	$190	48
2366 N Bremen St Unit 2366a	0.65mi	3/2.0 (+1)	1,711 (-0%)	24mo	$260,000	$152	45
2443 N Fratney St	0.69mi	3/2.0 (+1)	1,563 (-9%)	13mo	$243,000	$155	38

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 · 2.55% rent growth · sell at horizon

5-year hold

• IRR: -16.9%
• Equity multiple: 0.40×
• Total profit: $-55,982
• Equity at exit: $49,950

10-year hold

• IRR: -9.6%
• Equity multiple: 0.42×
• Total profit: $-54,465
• Equity at exit: $28,965

Cash invested: $93,800 (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 53211

• Rents YoY: 2.5%
• Active inventory: 70
• Price-to-rent: 18.8×

Monthly cashflow live

• Estimated rent: $2,967 high
• Mortgage (P&I): −$1,757
• Tax from tax record: −$454 /mo · $5,451/yr
• Insurance: −$140
• HOA: −$0
• Vacancy / Maint / Mgmt: −$623
• Net cashflow: $-7

Break-even live

Break-even rent $2,975

Max offer price $333,817

Occupancy floor 95%

Sensitivity live

Price	-10% $183	-5% $88	+0% $-7	+5% $-102	+10% $-196
Rent	-10% $-241	-5% $-124	+0% $-7	+5% $110	+10% $228
Rate	-1.0pp $162	-0.5pp $79	base $-7	+0.5pp $-94	+1.0pp $-182

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,966
Total (2 units)			$2,967

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: $83,750
• Closing costs: $10,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2627 N Bartlett Ave Milwaukee, WI	3.0	1.0	1100	$1,500	$1.36	14d	1	0.06mi
2752 N Bartlett Ave Apt 1 Milwaukee, WI	2.0	1.0	1100	$1,745	$1.59	45d	1	0.18mi
2706 N Frederick Ave Milwaukee, WI	3.0	2.0	1500	$2,000	$1.33	19d	1	0.28mi
1633 E North Ave Milwaukee, WI	2.0	1.0	1110	$1,900	$1.71	4d	3	0.43mi
2830 N Maryland Ave Unit 2828 Milwaukee, WI	3.0	1.0	1675	$1,995	$1.19	19d	1	0.43mi
2511 N Prospect Ave Unit 2511 19 Milwaukee, WI	3.0	1.0	1658	$1,980	$1.19	19d	1	0.44mi
2534 N Prospect Ave Milwaukee, WI	3.0	1.0	1500	$2,095	$1.40	45d	1	0.44mi
2518 N Humboldt Blvd Unit 2518 Lower Milwaukee, WI	2.0	1.0	1246	$1,275	$1.02	19d	1	0.45mi
2959 N Murray Ave Milwaukee, WI	3.0	1.0	1500	$1,800	$1.20	18d	1	0.47mi
1902 E Linnwood Ave Unit 1902 3002 Milwaukee, WI	3.0	1.0	1300	$1,899	$1.46	45d	1	0.50mi
2761 N Humboldt Blvd Unit First Floor Milwaukee, WI	3.0	1.0	1236	$1,600	$1.29	19d	1	0.50mi
2520 N Stowell Ave Unit 2520 205 Milwaukee, WI	2.0	1.0	1132	$1,399	$1.24	45d	1	0.52mi
3002 N Frederick Ave Milwaukee, WI	3.0	1.0	1200	$1,695	$1.41	6d	1	0.55mi
2745 N Downer Ave #2747 Milwaukee, WI	3.0	2.0	1800	$2,400	$1.33	12d	1	0.56mi
2429 N Weil St Milwaukee, WI	3.0	1.0	1300	$1,500	$1.15	45d	1	0.58mi
2018 N Oakland Ave Apt 106 Milwaukee, WI	2.0	1.0	1220	$1,475	$1.21	6d	1	0.58mi
2772 N Bremen St #2774 Milwaukee, WI	3.0	1.0	1500	$1,795	$1.20	45d	1	0.60mi
2442 N Bremen St Milwaukee, WI	2.0	1.0	1100	$1,495	$1.36	45d	1	0.60mi
2245 N Lake Dr Unit 2247 Milwaukee, WI	3.0	1.0	2197	$2,495	$1.14	45d	1	0.61mi
3015 N Prospect Ave Unit 3015 Prospect Milwaukee, WI	3.0	1.0	1570	$1,950	$1.24	19d	1	0.64mi
2036 N Prospect Ave Milwaukee, WI	1.0–2.0	1.0–2.5	1196	$3,336	$2.79	4d	18	0.67mi
2935 N Downer Ave Milwaukee, WI	3.0	1.0	1500	$1,695	$1.13	6d	1	0.67mi
2130 N Commerce St Milwaukee, WI	2.0	2.5	1550	$2,495	$1.61	45d	1	0.68mi
2803 E Belleview Pl Unit 1 Milwaukee, WI	3.0	1.0	1500	$2,040	$1.36	6d	1	0.68mi
3246 N Oakland Ave #3244 Milwaukee, WI	3.0	1.0	1309	$2,010	$1.54	3d	1	0.74mi
1914 N Prospect Ave Milwaukee, WI	2.0–3.0	1.0–1.5	1100	$1,495	$1.36	45d	4	0.77mi
1219 E Kane Pl Milwaukee, WI	2.0	1.0	1250	$1,800	$1.44	45d	1	0.77mi
1925 N Water St #202 Milwaukee, WI	2.0	2.0	1576	$2,300	$1.46	45d	1	0.82mi
2716A N Buffum St Milwaukee, WI	2.0	1.0	1100	$1,200	$1.09	23d	1	0.89mi
1014 E Land Pl Milwaukee, WI	3.0	2.0	1900	$2,000	$1.05	6d	1	0.89mi
1116 E Hamilton St Milwaukee, WI	3.0	2.0	1400	$1,750	$1.25	19d	1	0.90mi
1025 E Land Pl Milwaukee, WI	3.0	1.0	1560	$1,750	$1.12	25d	1	0.90mi
1809 N Humboldt Ave Milwaukee, WI	1.0	2.0	1739	$1,895	$1.09	45d	1	0.91mi
2507 N Buffum St Milwaukee, WI	3.0	1.0	1300	$1,375	$1.06	22d	1	0.91mi
400 E Meinecke Ave #402 Milwaukee, WI	3.0	1.0	1700	$1,800	$1.06	18d	1	0.92mi
1845 N Water St Milwaukee, WI	3.0	1.0–2.0	948	$3,543	$3.74	5d	84	0.94mi
2536 N Richards St Unit 1ST Milwaukee, WI	2.0	1.0	1200	$950	$0.79	45d	1	0.94mi
922 E Hamilton St Unit Lower Milwaukee, WI	3.0	1.0	1900	$1,550	$0.82	25d	1	0.96mi
1619 N Farwell Ave #201 Milwaukee, WI	2.0	2.0	1322	$2,600	$1.97	45d	1	1.01mi
605 E Auer Ave Milwaukee, WI	2.0	1.0	1200	$1,200	$1.00	12d	1	1.04mi

Listing history 6 events

1. 2026-06-21
   pricestatusdays on marketlisting id $335,000 Active 1 DOM
2. 2026-05-06
   historical 687-char remark

   Show marketing remark (687 chars)

   This beautifully updated duplex offers modern comfort and style throughout. The upper unit features a fully remodeled kitchen with granite countertops, new appliances, and fresh vinyl plank flooring, plus a renovated bathroom with new fixtures, tub, and vanity. Bedrooms boast new carpet, solid interior doors, and fresh paint for a move-in ready feel. The lower unit includes a remodeled kitchen with granite counters, updated hardware, and a refreshed bathroom with new vanity and fixtures. Common areas shine with new front and back porches, basement windows, a new concrete slab, and a secure fence gate--making this property a turnkey investment or ideal owner-occupied opportunity.

3. 2026-03-05
   price $339,900 687-char remark

   Show marketing remark (687 chars)

   This beautifully updated duplex offers modern comfort and style throughout. The upper unit features a fully remodeled kitchen with granite countertops, new appliances, and fresh vinyl plank flooring, plus a renovated bathroom with new fixtures, tub, and vanity. Bedrooms boast new carpet, solid interior doors, and fresh paint for a move-in ready feel. The lower unit includes a remodeled kitchen with granite counters, updated hardware, and a refreshed bathroom with new vanity and fixtures. Common areas shine with new front and back porches, basement windows, a new concrete slab, and a secure fence gate--making this property a turnkey investment or ideal owner-occupied opportunity.

4. 2026-01-23
   price $349,800 687-char remark

   Show marketing remark (687 chars)

   This beautifully updated duplex offers modern comfort and style throughout. The upper unit features a fully remodeled kitchen with granite countertops, new appliances, and fresh vinyl plank flooring, plus a renovated bathroom with new fixtures, tub, and vanity. Bedrooms boast new carpet, solid interior doors, and fresh paint for a move-in ready feel. The lower unit includes a remodeled kitchen with granite counters, updated hardware, and a refreshed bathroom with new vanity and fixtures. Common areas shine with new front and back porches, basement windows, a new concrete slab, and a secure fence gate--making this property a turnkey investment or ideal owner-occupied opportunity.

5. 2025-12-03
   listed $349,900 Active 687-char remark

   Show marketing remark (687 chars)

   This beautifully updated duplex offers modern comfort and style throughout. The upper unit features a fully remodeled kitchen with granite countertops, new appliances, and fresh vinyl plank flooring, plus a renovated bathroom with new fixtures, tub, and vanity. Bedrooms boast new carpet, solid interior doors, and fresh paint for a move-in ready feel. The lower unit includes a remodeled kitchen with granite counters, updated hardware, and a refreshed bathroom with new vanity and fixtures. Common areas shine with new front and back porches, basement windows, a new concrete slab, and a secure fence gate--making this property a turnkey investment or ideal owner-occupied opportunity.

6. 1986-04-01
   soldstatus $52,000

ⓘ 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: $5,451 · $454/mo
• Projected year-2 tax: $5,824 · $485/mo
• Expected delta: +$373/yr (+$31/mo · 6.8%)

ⓘ 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 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥96°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,604
• − Mortgage interest: −$18,765
• − Property taxes: −$5,451
• − Insurance: −$1,675
• − Repairs & maintenance: −$2,848
• − Management: −$2,848
• − Depreciation: −$9,745
• Taxable loss: −$5,730
• Est. tax savings @ 24.0%: +$1,375
• After-tax cash flow: $1,295/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): 34,234
• Household income: $75,256
• Rent vs Own: 59.9% rent · 40.1% own
• Severe rent burden: 2472.0

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 White (81%)
• Race & ethnicity: White 81% Two or more races 7% Asian 5% Hispanic / Latino 5% Black 4%
• Common ancestry: Romanian 9% Portuguese 4% Lithuanian 3%
• Foreign-born: 8% · Canada, China, South Korea
• Languages at home: 88% English-only · Spanish 3% Other Indo-European 3% Russian/Polish/Slavic 1%

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: ▼ -333.49%
• Current HPI: 234.8421
• Rent YoY: ▲ 2.55%
• 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

+544.2% since first listed

7 events — show timeline

• 2026-06-20 Listed $335,000 METROMLS
• 2026-06-19 Coming Soon $335,000 METROMLS
• 2026-05-06 Listing Removed — METROMLS
• 2026-03-05 Price Changed $339,900 METROMLS
• 2026-01-23 Price Changed $349,800 METROMLS
• 2025-12-03 Listed $349,900 METROMLS
• 1986-04-01 Sold (Public Records) $52,000 Public Records

Property tax history

+1.0%/yr

Latest (2024): $5,451 · +20.6% YoY. Source: county tax records.