1924 Pennsylvania Ave · Superior, WI 54880

$131,500

2 bd · 1.0 ba · 875 sqft · SingleFamily · 27 Days on market

Built 1951 6,534 sqft lot $150/sqft · 29% below area Est $186k · 29% under

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Why this score? — see what drove the C- 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).

• ARV discount +15.0/15.0
• Cash flow +14.7/30.0
• 1% rule +4.6/10.0
• DSCR +4.5/10.0
• Livability +4.3/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

An affordable Billings Park bungalow located just a block from Cooper Elementary School! One-level living isn't easy to find, but you found it! There are 875 sq. ft. of finished space including a 20’x12’ living room that has lots of natural light and an 11'x12’ kitchen that is large enough for an eat-in dining area. The main floor also has a 3/4 bathroom and two bedrooms. UPDATES INC. - 2020 - replaced some interior/exterior windows and floors were repaired; 2019 - kitchen outlet/circuit replaced; 2011 - siding, roof, gas furnace, central air. This home needs TLC. Overall, the property has potential to become quite the charmer in a sought-after location and priced to allow for updates/additions. So, don’t delay; come see it today!

Key facts

• Replaced windows
• Eat-in dining area
• One-level living

Tags

• BILLINGS PARK BUNGALOW
• ONE-LEVEL LIVING
• NATURAL LIGHT
• EAT-IN DINING AREA
• REPLACED WINDOWS
• REPAIRED FLOORS

Property features AI

Finance

• Financial info: Total taxes listed for 2025

Exterior

• Parking: Off-street parking; 1-car garage
• Home design: Single-family, 1-story home
• Construction: Finished above grade approximately 875 square feet; No finished below-grade living space
• Exterior features: Porch; Lot approximately 0.15 acres

Interior

• Kitchen: Kitchen on main level
• Bedrooms: Main-level bedroom 2 measuring 12 x 8
• Bathrooms: One 3/4 bathroom
• Interior features: Main-level living room measuring 20 x 12; Main-level kitchen measuring 11 x 12; Front porch

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $132k.

Deal economics

• At list price, monthly cash flow is $33 ($397/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 $126k (4.0% below list).
• Recommended offer: $126k (4.0% below list) — sets the bar for 1% rule.
• Cap rate 6.6% 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; 4 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $909 of loan paydown is wiped out by about $4k 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 27 days — a 2% lower offer ($130k) is reasonable based on typical stale-listing flexibility.
• 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.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $126,188 (4.0% below list)

Questions for the listing agent

1. Built in 1951 — 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. 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.
4. 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.
5. 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: 0.96% ✗
• Cap rate: 6.59%
• Cash-on-cash: 1.08%
• DSCR: 1.05
• GRM: 8.7

CMA / ARV

• ARV (median comp): $186,154
• List price: $131,500
• Delta: -29.36%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1924 Pennsylvania Ave	0.00mi	2/1.0	875 (0%)	1mo	$135,500	$155	99
1818 Missouri Ave	0.11mi	2/1.0	908 (+4%)	11mo	$201,000	$221	80
1926 Lackawanna Ave	0.19mi	2/1.0	928 (+6%)	7mo	$215,000	$232	75
1513 Ohio Ave	0.49mi	2/1.0	894 (+2%)	10mo	$263,000	$294	65
1517 Ohio Ave	0.48mi	2/1.0	894 (+2%)	11mo	$260,000	$291	64
1530 Washington Ave	0.45mi	2/1.0	878 (+0%)	19mo	$90,000	$103	62
2114 Missouri Ave	0.16mi	2/1.0	948 (+8%)	24mo	$215,000	$227	59
1809 Ohio Ave	0.36mi	2/1.0	928 (+6%)	17mo	$140,000	$151	59
1527 Iowa Ave	0.42mi	2/1.5	948 (+8%)	8mo	$131,000	$138	58
2210 Washington Ave	0.39mi	2/1.0	960 (+10%)	14mo	$199,000	$207	54
1919 Butler Ave	0.70mi	2/1.0	941 (+8%)	23mo	$80,000	$85	35

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 · 2.76% rent growth · sell at horizon

5-year hold

• IRR: -14.8%
• Equity multiple: 0.47×
• Total profit: $-19,455
• Equity at exit: $19,607

10-year hold

• IRR: -6.5%
• Equity multiple: 0.59×
• Total profit: $-15,258
• Equity at exit: $11,370

Cash invested: $36,820 (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: 8.7×

Monthly cashflow live

• Estimated rent: $1,262 medium
• Mortgage (P&I): −$690
• Tax from tax record: −$219 /mo · $2,633/yr
• Insurance: −$55
• HOA: −$0
• Vacancy / Maint / Mgmt: −$265
• Net cashflow: $33

Break-even live

Break-even rent $1,220

Max offer price $131,500

Occupancy floor 92%

Sensitivity live

Price	-10% $107	-5% $70	+0% $33	+5% $-4	+10% $-41
Rent	-10% $-67	-5% $-17	+0% $33	+5% $83	+10% $133
Rate	-1.0pp $99	-0.5pp $66	base $33	+0.5pp $-1	+1.0pp $-36

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: $32,875
• Closing costs: $3,945
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1923 Iowa Ave Superior, WI	2.0	1.0	950	$1,200	$1.26	14d	1	0.27mi
2113 Oakes Ave Unit 2 Superior, WI	2.0	1.0	800	$1,275	$1.59	45d	1	0.76mi
2009 1/2 Hughitt Ave Superior, WI	2.0	1.0	713	$1,125	$1.58	45d	1	1.10mi
2318 John Ave Unit A Superior, WI	1.0	1.0	800	$1,100	$1.38	14d	1	1.11mi

Listing history 8 events

1. 2026-06-01
   days on market $131,500 Active 27 DOM

   Show marketing remark (764 chars)

   An affordable Billings Park bungalow located just a block from Cooper Elementary School! One-level living isn't easy to find, but you found it! There are 875 sq. ft. of finished space including a 20’x12’ living room that has lots of natural light and an 11'x12’ kitchen that is large enough for an eat-in dining area. The main floor also has a 3/4 bathroom and two bedrooms. UPDATES INC. - 2020 - replaced some interior/exterior windows and floors were repaired; 2019 - kitchen outlet/circuit replaced; 2011 - siding, roof, gas furnace, central air. This home needs TLC. Overall, the property has potential to become quite the charmer in a sought-after location and priced to allow for updates/additions. So, don’t delay; come see it today!

2. 2026-05-31
   days on market $131,500 Active 26 DOM
3. 2026-05-30
   days on market $131,500 Active 25 DOM
4. 2026-05-08
   status Pending 740-char remark

   Show marketing remark (764 chars)

   An affordable Billings Park bungalow located just a block from Cooper Elementary School! One-level living isn't easy to find, but you found it! There are 875 sq. ft. of finished space including a 20’x12’ living room that has lots of natural light and an 11'x12’ kitchen that is large enough for an eat-in dining area. The main floor also has a 3/4 bathroom and two bedrooms. UPDATES INC. - 2020 - replaced some interior/exterior windows and floors were repaired; 2019 - kitchen outlet/circuit replaced; 2011 - siding, roof, gas furnace, central air. This home needs TLC. Overall, the property has potential to become quite the charmer in a sought-after location and priced to allow for updates/additions. So, don’t delay; come see it today!

5. 2026-05-05
   listed $131,500 Active 740-char remark

   Show marketing remark (764 chars)

   An affordable Billings Park bungalow located just a block from Cooper Elementary School! One-level living isn't easy to find, but you found it! There are 875 sq. ft. of finished space including a 20’x12’ living room that has lots of natural light and an 11'x12’ kitchen that is large enough for an eat-in dining area. The main floor also has a 3/4 bathroom and two bedrooms. UPDATES INC. - 2020 - replaced some interior/exterior windows and floors were repaired; 2019 - kitchen outlet/circuit replaced; 2011 - siding, roof, gas furnace, central air. This home needs TLC. Overall, the property has potential to become quite the charmer in a sought-after location and priced to allow for updates/additions. So, don’t delay; come see it today!

6. 2026-05-05
   listed $131,500 Active 740-char remark

   Show marketing remark (764 chars)

   An affordable Billings Park bungalow located just a block from Cooper Elementary School! One-level living isn't easy to find, but you found it! There are 875 sq. ft. of finished space including a 20’x12’ living room that has lots of natural light and an 11'x12’ kitchen that is large enough for an eat-in dining area. The main floor also has a 3/4 bathroom and two bedrooms. UPDATES INC. - 2020 - replaced some interior/exterior windows and floors were repaired; 2019 - kitchen outlet/circuit replaced; 2011 - siding, roof, gas furnace, central air. This home needs TLC. Overall, the property has potential to become quite the charmer in a sought-after location and priced to allow for updates/additions. So, don’t delay; come see it today!

7. 2006-10-20
   soldstatus $84,000
8. 2002-09-20
   soldstatus $28,500

ⓘ 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: $2,633 · $219/mo
• Projected year-2 tax: $2,633 · $219/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 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: $15,143
• − Mortgage interest: −$7,366
• − Property taxes: −$2,633
• − Insurance: −$658
• − Repairs & maintenance: −$1,211
• − Management: −$1,211
• − Depreciation: −$3,825
• Taxable loss: −$1,763
• Est. tax savings @ 24.0%: +$423
• After-tax cash flow: $820/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

+375.4% since first listed

8 events — show timeline

• 2026-06-04 Sold (Public Records) $135,500 Public Records
• 2026-06-01 Sold (MLS) $135,500 LSAR
• 2026-06-01 Sold (MLS) $135,500 SAAR
• 2026-05-08 Pending — LSAR
• 2026-05-05 Listed $131,500 LSAR
• 2026-05-05 Listed $131,500 SAAR
• 2006-10-20 Sold (Public Records) $84,000 Public Records
• 2002-09-20 Sold (Public Records) $28,500 Public Records

Property tax history

+4.8%/yr

Latest (2025): $2,633 · +28.4% YoY. Source: county tax records.