4741 N 57th St · Milwaukee, WI 53218

$117,500

2 bd · 1.0 ba · 974 sqft · SingleFamily public records · 98 Days on market

Built 1937 9,583 sqft lot $121/sqft · 14% below area Est $136k · 14% 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).

• Cash flow +19.4/30.0
• ARV discount +13.6/15.0
• DSCR +6.1/10.0
• 1% rule +5.8/10.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Long time rental property has been updated in the last 20 years with; new roof, siding, windows, and interior updates.

Key facts

• New siding
• Interior updates
• New roof

Tags

• NEW ROOF
• NEW SIDING
• NEW WINDOWS
• INTERIOR UPDATES

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $118k.

Deal economics

• At list price, monthly cash flow is $130 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $118k).
• Recommended offer: $107k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.6% 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 (+5.3%/yr); 153 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 48% 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 33% of the median local income ($46k/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 $812 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.

Negotiation context

• It's been on market 98 days — a 9% lower offer ($107k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 13y ago; this cycle's ask is 7248% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1937 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $106,925 (9.0% below list)

Questions for the listing agent

1. It's been on market 98 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1937 — 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 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: 1.08% ✓
• Cap rate: 7.62%
• Cash-on-cash: 4.76%
• DSCR: 1.21
• GRM: 7.7

CMA / ARV

• ARV (median comp): $135,905
• List price: $117,500
• Delta: -13.54%
• 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
4906 N 58th St	0.23mi	3/1.0 (+1)	940 (-4%)	1mo	$100,000	$106	78
4656 N 66 St	0.52mi	2/1.5	936 (-4%)	1mo	$190,000	$203	67
5003 N 51st Blvd	0.51mi	3/1.0 (+1)	934 (-4%)	0mo	$110,000	$118	64
4893 N 64th St	0.44mi	3/1.0 (+1)	1,027 (+5%)	1mo	$65,000	$63	64
5064 N 56th St	0.44mi	3/2.0 (+1)	1,012 (+4%)	2mo	$140,000	$138	62
4868 N 52nd St	0.38mi	2/1.0	850 (-13%)	2mo	$145,605	$171	60
4305 N 63rd St	0.65mi	3/1.0 (+1)	1,028 (+6%)	1mo	$130,000	$126	55
4872 N 63rd St	0.36mi	3/1.5 (+1)	1,100 (+13%)	1mo	$207,900	$189	54
4518 N 68th St	0.69mi	3/1.0 (+1)	1,036 (+6%)	1mo	$169,000	$163	52
4419 N 64th St	0.57mi	3/1.0 (+1)	1,064 (+9%)	2mo	$131,000	$123	52
5269 N 57th St	0.69mi	3/1.0 (+1)	1,033 (+6%)	2mo	$145,000	$140	51
4676 N 46th St	0.70mi	3/1.0 (+1)	1,066 (+9%)	0mo	$172,500	$162	46

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 · 5.29% rent growth · sell at horizon

5-year hold

• IRR: -6.1%
• Equity multiple: 0.77×
• Total profit: $-7,693
• Equity at exit: $17,520

10-year hold

• IRR: 6.3%
• Equity multiple: 1.52×
• Total profit: $17,062
• Equity at exit: $10,159

Cash invested: $32,900 (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 53218

• Home prices YoY: -19.0%
• Rents YoY: 5.3%
• Active inventory: 153
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,267 high
• Mortgage (P&I): −$616
• Tax from tax record: −$205 /mo · $2,464/yr
• Insurance: −$49
• HOA: −$0
• Vacancy / Maint / Mgmt: −$266
• Net cashflow: $130

Break-even live

Break-even rent $1,102

Max offer price $117,500

Occupancy floor 85%

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: $29,375
• Closing costs: $3,525
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4640 N 51st Blvd Milwaukee, WI	2.0	1.0	1075	$1,275	$1.19	43d	1	0.41mi
6518 W Hampton Ave Unit 2 Milwaukee, WI	2.0	1.0	1100	$1,200	$1.09	43d	1	0.47mi
4852 N 48th St Unit 4852 Milwaukee, WI	2.0	1.0	830	$995	$1.20	2d	1	0.60mi
4727 N 46th St Milwaukee, WI	3.0	1.0	936	$1,700	$1.82	43d	1	0.67mi
4703 N 45th St Milwaukee, WI	3.0	1.0	1031	$1,695	$1.64	23d	1	0.73mi
5050 N 47th St Milwaukee, WI	2.0	1.0	1092	$1,700	$1.56	43d	1	0.75mi
4702 N 44th St Milwaukee, WI	3.0	2.0	1050	$1,850	$1.76	43d	1	0.83mi
4610 W Eggert Pl #4612 Milwaukee, WI	3.0	1.0	852	$1,095	$1.29	23d	1	0.84mi
4479A N 44th St Milwaukee, WI	2.0	1.0	1000	$895	$0.90	43d	1	0.86mi
5165-5167 N 45th St Unit 5165 Milwaukee, WI	3.0	1.0	1020	$1,200	$1.18	17d	1	0.90mi
4843 N 72nd St Milwaukee, WI	3.0	1.0	1014	$1,485	$1.46	43d	1	0.93mi
4153 N 68th St Milwaukee, WI	3.0	1.0	1025	$1,700	$1.66	43d	1	1.02mi
7348 W Medford Ave Unit 7348A Milwaukee, WI	2.0	1.0	1095	$950	$0.87	23d	1	1.10mi
5657 N 60th St #5659 Milwaukee, WI	3.0	1.0	878	$995	$1.13	17d	1	1.16mi
4661 N 38th St Unit 4661 Milwaukee, WI	2.0	1.0	1000	$845	$0.84	14d	1	1.19mi
5688 N 56th St Milwaukee, WI	3.0	1.0	850	$1,445	$1.70	12d	1	1.20mi
6221 W Thurston Ave #6223 Milwaukee, WI	3.0	1.0	800	$1,100	$1.38	20d	1	1.20mi
5659 N 64th St Unit 5659A Milwaukee, WI	2.0	1.0	1091	$1,300	$1.19	43d	1	1.22mi
4572 N 38th St Unit 2 Milwaukee, WI	2.0	1.0	600	$950	$1.58	43d	1	1.23mi
7701 W Hampton Ave Unit 6 Milwaukee, WI	2.0	1.0	816	$1,250	$1.53	43d	1	1.23mi
4060 N 73rd St Apt 2 Milwaukee, WI	1.0	1.0	650	$850	$1.31	17d	1	1.29mi
6026 W Carmen Ave Milwaukee, WI	2.0	1.0	672	$1,195	$1.78	23d	1	1.31mi
4651 N 36th St #4 Milwaukee, WI	2.0	1.0	747	$945	$1.27	23d	1	1.31mi
5830 N 61st St Milwaukee, WI	3.0	1.0	1024	$1,450	$1.42	43d	1	1.37mi
5435 N 40th St Milwaukee, WI	2.0	1.0	850	$1,150	$1.35	17d	1	1.37mi
3925 N 42nd St Milwaukee, WI	2.0	1.0	985	$1,400	$1.42	23d	1	1.41mi
5820 N 65th St #5822 Milwaukee, WI	2.0	1.0	700	$1,245	$1.78	43d	1	1.42mi
3890 N Sherman Blvd Milwaukee, WI	2.0	1.0	950	$1,100	$1.16	12d	1	1.42mi
5823 N 65th St Unit Upper Milwaukee, WI	2.0	1.0	768	$1,295	$1.69	43d	1	1.42mi
5831 N 65th St Unit 5831 Milwaukee, WI	3.0	1.0	900	$1,195	$1.33	43d	1	1.43mi
3925 N 41st St Unit 2 Milwaukee, WI	1.0	1.0	700	$845	$1.21	23d	1	1.45mi
5530 N 76th St Apt 8 Milwaukee, WI	1.0	1.0	900	$995	$1.11	43d	1	1.46mi
7632 W Leon Ter Unit C Milwaukee, WI	2.0	1.5	1000	$1,200	$1.20	23d	1	1.47mi

Listing history 17 events

1. 2026-04-25
   historical $1,599
2. 2026-04-24
   price $117,500 118-char remark

   Show marketing remark (118 chars)

   Long time rental property has been updated in the last 20 years with; new roof, siding, windows, and interior updates.

3. 2026-04-22
   listed $1,599
4. 2026-03-23
   price $119,900 118-char remark

   Show marketing remark (118 chars)

   Long time rental property has been updated in the last 20 years with; new roof, siding, windows, and interior updates.

5. 2026-02-17
   listed $124,900 Active 118-char remark

   Show marketing remark (118 chars)

   Long time rental property has been updated in the last 20 years with; new roof, siding, windows, and interior updates.

6. 2017-08-25
   soldstatus $102,500
7. 2013-02-02
   listed $99,900 304-char remark

   Show marketing remark (304 chars)

   Back On Market Due to Bad Financing. .. PERFECT CONDITION!! BEAUTIFUL COMPLETELY REMODELED HOME!! This 2 bedroom single family home has been completely remodeled inside and out. Home has updated plumbing, electrical, roof, siding, wood floors, kitchen, bathroom, ceramic tiled floors, windows carpet etc.

8. 2013-02-02
   historical 304-char remark

   Show marketing remark (304 chars)

   Back On Market Due to Bad Financing. .. PERFECT CONDITION!! BEAUTIFUL COMPLETELY REMODELED HOME!! This 2 bedroom single family home has been completely remodeled inside and out. Home has updated plumbing, electrical, roof, siding, wood floors, kitchen, bathroom, ceramic tiled floors, windows carpet etc.

9. 2013-02-02
   listed $99,400

   Show marketing remark (304 chars)

   Back On Market Due to Bad Financing. .. PERFECT CONDITION!! BEAUTIFUL COMPLETELY REMODELED HOME!! This 2 bedroom single family home has been completely remodeled inside and out. Home has updated plumbing, electrical, roof, siding, wood floors, kitchen, bathroom, ceramic tiled floors, windows carpet etc.

10. 2013-02-02
    historical

    Show marketing remark (304 chars)

    Back On Market Due to Bad Financing. .. PERFECT CONDITION!! BEAUTIFUL COMPLETELY REMODELED HOME!! This 2 bedroom single family home has been completely remodeled inside and out. Home has updated plumbing, electrical, roof, siding, wood floors, kitchen, bathroom, ceramic tiled floors, windows carpet etc.

11. 2013-01-25
    listed $30,000
12. 2013-01-25
    historical
13. 2010-09-17
    soldstatus $23,250
14. 2007-03-14
    soldstatus $115,000
15. 2005-09-15
    soldstatus $60,000
16. 1990-04-01
    soldstatus $32,900
17. 1985-01-01
    soldstatus $27,000

ⓘ 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: $2,464 · $205/mo
• Projected year-2 tax: $2,464 · $205/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 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥100°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

Taxation est. · year 1

• Rental income: $15,203
• − Mortgage interest: −$6,582
• − Property taxes: −$2,464
• − Insurance: −$588
• − Repairs & maintenance: −$1,216
• − Management: −$1,216
• − Depreciation: −$3,418
• Taxable loss: −$281
• Est. tax savings @ 24.0%: +$67
• After-tax cash flow: $1,632/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): 41,196
• Household income: $45,642
• Rent vs Own: 57.1% rent · 42.9% own
• Severe rent burden: 2421.0

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 (72%)
• Race & ethnicity: Black 72% Asian 10% White 10% Hispanic / Latino 5% Two or more races 3%
• Common ancestry: Romanian 1% Lithuanian 1%
• Foreign-born: 6% · Philippines, Canada
• Languages at home: 89% English-only · Other Asian/Pacific 7% Spanish 3%

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: ▼ -76.44%
• Current HPI: 325.1975
• Rent YoY: ▲ 5.29%
• 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

-94.1% since first listed

17 events — show timeline

• 2026-04-25 Rental Removed $1,599 APPFOLIO
• 2026-04-24 Price Changed $117,500 METROMLS
• 2026-04-22 Listed for Rent $1,599 APPFOLIO
• 2026-03-23 Price Changed $119,900 METROMLS
• 2026-02-17 Listed $124,900 METROMLS
• 2017-08-25 Sold (Public Records) $102,500 Public Records
• 2013-02-02 Listing Removed — METROMLS
• 2013-02-02 Listed $99,900 METROMLS
• 2013-02-02 Listing Removed — METROMLS
• 2013-02-02 Listed $99,400 METROMLS
• 2013-01-25 Listing Removed — METROMLS
• 2013-01-25 Listed $30,000 METROMLS
• 2010-09-17 Sold (MLS) $23,250 METROMLS
• 2007-03-14 Sold (MLS) $115,000 METROMLS
• 2005-09-15 Sold (MLS) $60,000 METROMLS
• 1990-04-01 Sold (Public Records) $32,900 Public Records
• 1985-01-01 Sold (Public Records) $27,000 Public Records

Property tax history

+5.1%/yr

Latest (2024): $2,464 · +36.2% YoY. Source: county tax records.