4064 N 24th St · Milwaukee, WI 53209

$150,000

4 bd · 1.0 ba · 1,282 sqft · SingleFamily public records · 11 Days on market

Built 1925 4,791 sqft lot Est $144k · at est.

---

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).

• Cash flow +23.1/30.0
• DSCR +7.4/10.0
• 1% rule +6.4/10.0
• ARV discount +5.5/15.0
• Rent growth +4.7/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming single-family home is ready to be yours! 4-bedroom, 1 bath North Milwaukee Bungalow is well-situated, close to many amenities. Step through the front porch, and into the inviting living/family room. Entertain in the lovely dining room, and enjoy the beautiful, natural light streaming in the large windows, or a quick meal in the eat-in kitchen. Attic and spacious basement are perfect for storage or rec room/entertainment ideas, in addition to ample backyard. Shared alley provides parking access to 2-car garage.

Key facts

• 4,791 sq ft lot
• Garage
• Built 1925

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Municipal water; Municipal sewer
• Home design: Single-family, 1 story; Zoned residential
• Construction: Less than 1/2 acre lot (approx. 0.11 acre)
• Exterior features: Vinyl exterior; Sidewalks on the lot

Interior

• Kitchen: Kitchen on main level approximately 12 x 13
• Bedrooms: Master bedroom (upper level) approximately 14 x 10; Bedroom 2 (main level) approximately 10 x 11; Bedroom 3 (upper level) approximately 9 x 11; Bedroom 4 (upper level) approximately 10 x 11
• Bathrooms: Full bathroom with shower over tub; Lower-level shower
• Heating & cooling: Forced air heating; Natural gas fuel
• Interior features: Full basement with block construction

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $270 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 8.5% vs local median 5.1% 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 fast (+8.6%/yr); 168 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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).
• This rent runs 42% of the median local income ($48k/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 $1k of loan paydown is wiped out by about $4k 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 + 8.0% rent growth), your $42k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 5y 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 $110k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $150,000

Questions for the listing agent

1. Built in 1925 — 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 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.14% ✓
• Cap rate: 8.45%
• Cash-on-cash: 7.71%
• DSCR: 1.34
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $143,584
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2417 W Roosevelt Dr	0.27mi	4/2.0	1,200 (-6%)	0mo	$194,900	$162	72
3908 N 25th St	0.25mi	3/1.0 (-1)	1,179 (-8%)	1mo	$73,200	$62	69
3812 N 27th St	0.41mi	3/1.0 (-1)	1,372 (+7%)	3mo	$79,900	$58	62
2234 W Melvina St	0.22mi	3/1.0 (-1)	1,128 (-12%)	4mo	$98,000	$87	61
3735 N 15th St	0.71mi	5/1.0 (+1)	1,263 (-2%)	1mo	$155,000	$123	58
4401 N 25 St	0.43mi	3/1.0 (-1)	1,148 (-10%)	1mo	$60,000	$52	57
3741 N 25th St	0.42mi	3/2.0 (-1)	1,397 (+9%)	2mo	$195,000	$140	55
2602 W Port Sunlight Way	0.50mi	3/1.5 (-1)	1,172 (-9%)	1mo	$190,000	$162	54
4487 N 21st St	0.56mi	3/1.5 (-1)	1,384 (+8%)	3mo	$185,000	$134	52
3840 N 18th St St	0.53mi	3/2.0 (-1)	1,413 (+10%)	2mo	$120,000	$85	47
4444 N 26th St	0.51mi	3/1.0 (-1)	1,472 (+15%)	2mo	$165,000	$112	44
4628 N 24th Pl	0.71mi	3/1.0 (-1)	1,436 (+12%)	3mo	$103,500	$72	39

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 1.1%
• Equity multiple: 1.05×
• Total profit: $1,928
• Equity at exit: $22,365

10-year hold

• IRR: 15.4%
• Equity multiple: 2.55×
• Total profit: $64,967
• Equity at exit: $12,969

Cash invested: $42,000 (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 53209

• Rents YoY: 8.6%
• Active inventory: 168
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,703 high
• Mortgage (P&I): −$787
• Tax from tax record: −$226 /mo · $2,715/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $270

Break-even live

Break-even rent $1,361

Max offer price $150,000

Occupancy floor 79%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2116 W Atkinson Ave Unit A Milwaukee, WI	4.0	1.0	1707	$2,000	$1.17	1d	1	0.18mi
2106A W Keefe Ave Unit 2106 Lower Milwaukee, WI	3.0	1.0	1300	$1,100	$0.85	17d	1	0.60mi
3388 N 27th St Unit 3388 Front House Milwaukee, WI	4.0	1.0	1212	$1,550	$1.28	4d	1	0.73mi
2704 W Concordia Ave Unit Na Milwaukee, WI	5.0	2.0	1856	$2,500	$1.35	23d	1	0.85mi
3416 N 17th St Unit 1 Milwaukee, WI	3.0	1.0	1200	$1,100	$0.92	43d	1	0.88mi
2821 W Concordia Ave Milwaukee, WI	3.0	1.5	1098	$1,595	$1.45	2d	1	0.91mi
3298 N 13th St Milwaukee, WI	3.0	1.0	885	$895	$1.01	43d	1	1.13mi
3925 N 42nd St Milwaukee, WI	3.0	1.0	1300	$1,675	$1.29	43d	1	1.21mi
2945 N 23rd St Milwaukee, WI	3.0	1.0	1014	$1,195	$1.18	43d	1	1.28mi
5032 N 32nd St Milwaukee, WI	3.0	2.0	1089	$1,750	$1.61	12d	1	1.35mi
2870 N 29th St #2872 Milwaukee, WI	3.0	1.0	1300	$1,250	$0.96	43d	1	1.41mi
3045 N 11th St #3047 Milwaukee, WI	3.0	1.0	1065	$1,175	$1.10	4d	1	1.43mi

Listing history 8 events

1. 2026-06-18
   days on market $150,000 Active 11 DOM
2. 2026-06-17
   days on market $150,000 Active 10 DOM
3. 2026-06-16
   days on market $150,000 Active 9 DOM
4. 2026-06-15
   days on market $150,000 Active 8 DOM
5. 2026-06-13
   days on market $150,000 Active 6 DOM
6. 2026-06-13
   days on market $150,000 Active 5 DOM
7. 2026-06-09
   days on market $150,000 Active 2 DOM
8. 2026-06-08
   listed $150,000 Active 1 DOM

ⓘ 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: $2,715 · $226/mo
• Projected year-2 tax: $2,745 · $229/mo
• Expected delta: +$30/yr (+$2/mo · 1.1%)

ⓘ 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 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°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: $20,434
• − Mortgage interest: −$8,402
• − Property taxes: −$2,715
• − Insurance: −$750
• − Repairs & maintenance: −$1,635
• − Management: −$1,635
• − Depreciation: −$4,364
• Taxable income: $933
• Est. tax owed @ 24.0%: −$224
• After-tax cash flow: $3,014/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): 45,170
• Household income: $48,486
• Rent vs Own: 56.2% rent · 43.8% own
• Severe rent burden: 3390.0

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 Black (66%)
• Race & ethnicity: Black 66% White 22% Hispanic / Latino 5% Two or more races 5% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 3% Portuguese 1% Iranian 1%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 4% Other Asian/Pacific 1% 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: ▼ -194.98%
• Current HPI: 172.4275
• Rent YoY: ▲ 8.61%
• 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

+391.8% since first listed

13 events — show timeline

• 2026-06-05 Listed $150,000 METROMLS
• 2022-06-02 Sold (Public Records) $110,000 Public Records
• 2022-06-01 Sold (MLS) $110,000 METROMLS
• 2022-05-11 Contingent — METROMLS
• 2022-05-04 Relisted — METROMLS
• 2022-04-27 Pending — METROMLS
• 2022-04-26 Listing Removed — METROMLS
• 2022-04-21 Contingent — METROMLS
• 2022-03-29 Relisted — METROMLS
• 2022-03-14 Contingent — METROMLS
• 2022-01-04 Price Changed $114,900 METROMLS
• 2021-11-25 Listed $124,500 METROMLS
• 1979-09-01 Sold (Public Records) $30,500 Public Records

Property tax history

-1.0%/yr

Latest (2024): $2,715 · +73.6% YoY. Source: county tax records.