1930 57th St · Kenosha, WI 53140

$204,900

5 bd · 2.5 ba · 2,226 sqft · MultiFamily public records · 60 Days on market

Built 1898 8,712 sqft lot $92/sqft · 12% above area Est $183k · 12% over ↓ 59% since listing

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.2/5.0
• Rent growth +4.0/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• ARV discount +2.0/15.0
• 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

Spacious Kenosha Duplex with large cashflow! 3 Bdr Lower Unit (currently rented $1,250/month) & 2 Bdr Upper Unit (currently rented at $1,000/month). Welcome Home!

Key facts

• 8,712 sq ft lot
• Built 1898
• Listed 60 days

Property features AI

Finance

• Other: Two units total

Exterior

• Utilities: Municipal water; Municipal sewer; 1 electric meter; 1 gas meter
• Home design: 2-story duplex; Estimated living area in the 1,251–1,500 sq ft range
• Construction: Built (per assessor/public record)
• Exterior features: Stucco/Slate exterior; Lot size approximately 0.2 acres; Zoned residential; Property is multi-family (duplex)

Interior

• Kitchen: Unit 2 kitchen on upper level
• Bedrooms: Unit 1: 3 bedrooms; Unit 2: 2 bedrooms (master and second bedroom on upper level)
• Bathrooms: Unit 1: 1 full bathroom; Unit 2: 1 full bathroom
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 1×3bd/1.0ba + 1×2bd/1.0ba units multifamily listed at $205k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive. Per door: $700/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $205k).
• Recommended offer: $199k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.5% vs local median 3.8% in Kenosha — 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 84/100 on livability (#31 in WI, #680 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-.
• Kenosha School District (suburban): math 26% / reading 31% proficiency, ranked #287 of 342 in WI (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Frank Elementary (math 12% / reading 2%, grade F, #957 of 1,041 statewide, top 92%, 326 students, 92% FRL); Washington Middle (math 8% / reading 15%, grade F, #369 of 383 statewide, top 96%, 413 students, 87% FRL); Indian Trail High School And Academy (math 21% / reading 34%, grade F, #256 of 483 statewide, top 54%, 1,980 students, 42% FRL) — zoned schools average 74% FRL vs 45% district-wide (29 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 15% at this address vs 28% district-wide (-13 pts) — the specific schools serving this property underperform the Kenosha School District average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+6.0%/yr); 43 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 259 units permitted in Kenosha County in 2024 (8 in 5+ unit buildings).
• At $3,498/mo this rent would consume 72% of the median local household income ($58k/yr) (locally 1576% 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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.0% rent growth), your $57k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($199k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y 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 $30k; list at $205k implies a 583% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1898 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $198,753 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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 1898 — 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 D-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. 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 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: 1.71% ✓
• Cap rate: 14.50%
• Cash-on-cash: 29.30%
• DSCR: 2.30
• GRM: 4.9

CMA / ARV

• ARV (median comp): $182,563
• List price: $204,900
• Delta: 12.24%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5807 20th Ave	0.07mi	5/2.0	2,128 (-4%)	2mo	$290,000	$136	85
5706 22nd Ave	0.14mi	5/2.0	2,292 (+3%)	16mo	$170,000	$74	73
2007 61st St #2009	0.25mi	5/3.5	2,176 (-2%)	20mo	$140,000	$64	64
6034 25th Ave	0.38mi	6/2.0 (+1)	2,336 (+5%)	4mo	$190,000	$81	64
1929 53rd St	0.28mi	6/2.0 (+1)	1,959 (-12%)	2mo	$289,900	$148	59
5619 14th Ave	0.30mi	4/2.0 (-1)	1,968 (-12%)	7mo	$270,000	$137	54
6018 20th Ave	0.19mi	4/2.0 (-1)	1,920 (-14%)	9mo	$225,000	$117	54
1716 51st St	0.49mi	5/2.0	2,068 (-7%)	12mo	$219,000	$106	53
2110 54th St	0.26mi	6/2.0 (+1)	2,538 (+14%)	10mo	$245,000	$97	49
6431 22nd Ave	0.50mi	4/2.0 (-1)	2,040 (-8%)	20mo	$160,000	$78	39
6615 24th Ave	0.66mi	4/2.0 (-1)	2,040 (-8%)	15mo	$262,000	$128	36
6517 27th Ave	0.70mi	4/2.0 (-1)	2,016 (-9%)	11mo	$274,000	$136	36

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 · 5.98% rent growth · sell at horizon

5-year hold

• IRR: 27.0%
• Equity multiple: 2.16×
• Total profit: $66,828
• Equity at exit: $30,551

10-year hold

• IRR: 36.3%
• Equity multiple: 4.84×
• Total profit: $220,266
• Equity at exit: $17,716

Cash invested: $57,372 (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 53140

• Rents YoY: 6.0%
• Active inventory: 43
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $3,498 high
• Mortgage (P&I): −$1,075
• Tax from tax record: −$203 /mo · $2,434/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$735
• Net cashflow: $1,401

Break-even live

Break-even rent $1,725

Max offer price $204,900

Occupancy floor 55%

Sensitivity live

Price	-10% $1,517	-5% $1,459	+0% $1,401	+5% $1,343	+10% $1,285
Rent	-10% $1,124	-5% $1,263	+0% $1,401	+5% $1,539	+10% $1,677
Rate	-1.0pp $1,504	-0.5pp $1,453	base $1,401	+0.5pp $1,348	+1.0pp $1,294

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

Units	Beds	Baths	Est. rent
1× unit	3	1	$1,864
1× unit	2	1	$1,635
Total (2 units)			$3,498

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: $51,225
• Closing costs: $6,147
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1510 57th St Unit 2 Kenosha, WI	4.0	2.0	1700	$1,800	$1.06	45d	1	0.22mi
5432 23rd Ave Kenosha, WI	4.0	2.0	1400	$1,695	$1.21	5d	1	0.26mi
7719 15th Ave Kenosha, WI	4.0	2.0	1898	$2,599	$1.37	20d	1	1.43mi

Listing history 30 events

1. 2026-06-21
   days on market $204,900 Active 60 DOM
2. 2026-06-18
   days on market $204,900 Active 57 DOM
3. 2026-06-17
   days on market $204,900 Active 56 DOM
4. 2026-06-16
   days on market $204,900 Active 55 DOM
5. 2026-06-15
   days on market $204,900 Active 54 DOM
6. 2026-06-13
   pricedays on market $204,900 Active 52 DOM
7. 2026-06-09
   days on market $209,900 Active 48 DOM
8. 2026-06-08
   days on market $209,900 Active 47 DOM
9. 2026-06-07
   days on market $209,900 Active 46 DOM
10. 2026-06-04
    days on market $209,900 Active 43 DOM
11. 2026-06-03
    days on market $209,900 Active 42 DOM
12. 2026-06-02
    days on market $209,900 Active 41 DOM
13. 2026-06-01
    days on market $209,900 Active 40 DOM
14. 2026-05-31
    days on market $209,900 Active 39 DOM
15. 2026-04-20
    listed $209,900 Active 102-char remark
16. 2024-12-17
    historical 168-char remark

    Show marketing remark (168 chars)

    Spacious Kenosha Duplex with large cashflow! 3 Bdr Lower Unit (currently rented $1,250/month) & 2 Bdr Upper Unit (currently rented at $1,000/month). Welcome Home!

17. 2024-09-16
    listed $209,900 Active 168-char remark

    Show marketing remark (168 chars)

    Spacious Kenosha Duplex with large cashflow! 3 Bdr Lower Unit (currently rented $1,250/month) & 2 Bdr Upper Unit (currently rented at $1,000/month). Welcome Home!

18. 2023-10-31
    historical

    Show marketing remark (169 chars)

    Spacious Kenosha Duplex with large cashflow! 3 Bdr Lower Unit (currently rented $1,250/month) & 2 Bdr Upper Unit (currently rented at $1,000/month). Welcome Home!

19. 2023-10-07
    price $180,000

    Show marketing remark (169 chars)

    Spacious Kenosha Duplex with large cashflow! 3 Bdr Lower Unit (currently rented $1,250/month) & 2 Bdr Upper Unit (currently rented at $1,000/month). Welcome Home!

20. 2023-10-07
    status Active

    Show marketing remark (169 chars)

    Spacious Kenosha Duplex with large cashflow! 3 Bdr Lower Unit (currently rented $1,250/month) & 2 Bdr Upper Unit (currently rented at $1,000/month). Welcome Home!

21. 2023-10-02
    historical Contingent

    Show marketing remark (169 chars)

    Spacious Kenosha Duplex with large cashflow! 3 Bdr Lower Unit (currently rented $1,250/month) & 2 Bdr Upper Unit (currently rented at $1,000/month). Welcome Home!

22. 2023-09-13
    price $182,000

    Show marketing remark (169 chars)

    Spacious Kenosha Duplex with large cashflow! 3 Bdr Lower Unit (currently rented $1,250/month) & 2 Bdr Upper Unit (currently rented at $1,000/month). Welcome Home!

23. 2023-09-07
    price $184,000

    Show marketing remark (169 chars)

    Spacious Kenosha Duplex with large cashflow! 3 Bdr Lower Unit (currently rented $1,250/month) & 2 Bdr Upper Unit (currently rented at $1,000/month). Welcome Home!

24. 2023-08-30
    price $194,000

    Show marketing remark (169 chars)

    Spacious Kenosha Duplex with large cashflow! 3 Bdr Lower Unit (currently rented $1,250/month) & 2 Bdr Upper Unit (currently rented at $1,000/month). Welcome Home!

25. 2023-08-07
    listed $198,000 Active

    Show marketing remark (169 chars)

    Spacious Kenosha Duplex with large cashflow! 3 Bdr Lower Unit (currently rented $1,250/month) & 2 Bdr Upper Unit (currently rented at $1,000/month). Welcome Home!

26. 2017-08-25
    soldstatus $30,000 Sold
27. 2017-08-22
    historical Contingent
28. 2017-07-27
    price $56,900
29. 2017-03-24
    listed $59,900 Active
30. 2016-01-19
    soldstatus $500,000

ⓘ 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: $2,434 · $203/mo
• Projected year-2 tax: $3,112 · $259/mo
• Expected delta: +$678/yr (+$57/mo · 27.9%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥96°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $41,976
• − Mortgage interest: −$11,478
• − Property taxes: −$2,434
• − Insurance: −$1,024
• − Repairs & maintenance: −$3,358
• − Management: −$3,358
• − Depreciation: −$5,961
• Taxable income: $14,363
• Est. tax owed @ 24.0%: −$3,447
• After-tax cash flow: $13,361/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: Kenosha School District
• NCES district ID: 5507320
• Math proficiency: 26% ▼ -9.00%
• Reading proficiency: 31% ▼ -6.00%
• Median HH income: $52,407
• Composite: 25.17/100
• National rank: #7516
• State rank: #287 of 342 in WI

Livability — Kenosha

• Score: 84/100
• State rank: #31
• US rank: #680

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kenosha, WI
• County: Kenosha County · 130,343 people
• City population: 85,271
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 30,238
• Household income: $58,006
• Rent vs Own: 47.7% rent · 52.3% own
• Severe rent burden: 1576.0

Population outlook (Kenosha County) Hauer SSP2

• Today (2025): 174,032 people
• By 2030: 174,923 · +0.5%
• By 2040: 173,895 · -0.1%
• By 2050: 170,102 · -2.3%
• By 2075: 162,952 · -6.4%
• By 2100: 154,781 · -11.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (66%)
• Race & ethnicity: White 66% Hispanic / Latino 19% Two or more races 14% Black 9% Asian 2%
• Hispanic origin (detail): Mexican 14% Puerto Rican 2%
• Common ancestry: Romanian 7% Lithuanian 3% Portuguese 3%
• Foreign-born: 10% · Canada
• Languages at home: 83% English-only · Spanish 12% Other Indo-European 3% Other Asian/Pacific 1%

Political lean MEDSL · Kenosha

• 2024 margin: Lean R (+6.2) · D 46.2% · R 52.5% · Other 1.3%
• 2008→2024 swing: -24.3pp toward R · 2008: 18.1pp · 2024: -6.2pp
• All cycles: 2024: R+6.2 2020: R+3.1 2016: R+0.3 2012: D+12.3 2008: D+18.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -187.92%
• Current HPI: 235.0929
• Rent YoY: ▲ 5.98%
• Metro: Chicago-Naperville-Elgin, IL-IN-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

-59.0% since first listed

17 events — show timeline

• 2026-06-10 Price Changed $204,900 METROMLS
• 2026-04-20 Listed $209,900 METROMLS
• 2024-12-17 Listing Removed — METROMLS
• 2024-09-16 Listed $209,900 METROMLS
• 2023-10-31 Listing Removed — METROMLS
• 2023-10-07 Price Changed $180,000 METROMLS
• 2023-10-07 Relisted — METROMLS
• 2023-10-02 Contingent — METROMLS
• 2023-09-13 Price Changed $182,000 METROMLS
• 2023-09-07 Price Changed $184,000 METROMLS
• 2023-08-30 Price Changed $194,000 METROMLS
• 2023-08-07 Listed $198,000 METROMLS
• 2017-08-25 Sold (MLS) $30,000 METROMLS
• 2017-08-22 Contingent — METROMLS
• 2017-07-27 Price Changed $56,900 METROMLS
• 2017-03-24 Listed $59,900 METROMLS
• 2016-01-19 Sold (Public Records) $500,000 Public Records

Property tax history

-1.6%/yr

Latest (2025): $2,434 · +5.6% YoY. Source: county tax records.