6106 24th Ave · Kenosha, WI 53143

$204,900

3 bd · 2.0 ba · 1,649 sqft · MultiFamily public records · 60 Days on market

Built 1897 6,098 sqft lot $124/sqft · 14% above area Est $180k · 14% over

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• ARV discount +1.4/15.0
• 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

Calling all investors! This 2-unit includes a large 2 Bdr lower unit and a large 2 Bdr upper unit. Lower unit currently vacant and upper unit currently rented month-to-month. Property also features a large driveway, nice sized yard, and unfinished basement. Welcome Home!

Key facts

• 6,098 sq ft lot
• Built 1897
• Listed 59 days

Property features AI

Finance

• Financial info: Multi-family (2 units)

Exterior

• Utilities: Municipal water; Municipal sewer; 2 electric meters; 2 gas meters
• Home design: Duplex, 2-story multi-family property; Estimated unit sizes range from 751–1000 sq ft
• Construction: Year built: public record (assessor); Vinyl construction
• Exterior features: Vinyl exterior; Lot less than 1/2 acre (approx. 0.14 acre); Zoned residential

Interior

• Kitchen: Unit 2 kitchen on upper level (~14 x 12)
• Bedrooms: Unit 1: 2 bedrooms; Unit 2: 2 bedrooms (both bedrooms on the upper level; master ~10 x 9, second bedroom ~10 x 8)
• Bathrooms: Unit 1: 1 full bathroom; Unit 2: 1 full bathroom
• Interior features: Full basement
• Laundry & utility: Two electric meters; Two gas meters

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $205k.

Deal economics

• At list price, monthly cash flow is $847 ($10k/yr) — positive. Per door: $424/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 11.3% 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: Mckinley Elementary (math 12% / reading 8%, grade F, #945 of 1,041 statewide, top 91%, 204 students, 84% FRL); Lincoln Middle (math 8% / reading 13%, grade F, #370 of 383 statewide, top 97%, 449 students, 82% 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 69% FRL vs 45% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 16% 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: 34 active listings in the ZIP; 18 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 $2,753/mo this rent would consume 48% of the median local household income ($68k/yr) (locally 813% 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 + 3.0% rent growth), your $57k cash investment doubles in ~7 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 8y ago; this cycle's ask has dropped $15k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $8k; list at $205k implies a 2425% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1897 — 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 1897 — 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: 1.34% ✓
• Cap rate: 11.26%
• Cash-on-cash: 17.72%
• DSCR: 1.79
• GRM: 6.2

CMA / ARV

• ARV (median comp): $180,494
• List price: $204,900
• Delta: 13.52%
• 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
5428 25th Ave	0.43mi	4/2.0 (+1)	1,668 (+1%)	9mo	$150,000	$90	66
6603 23rd Ave	0.35mi	4/2.0 (+1)	1,729 (+5%)	7mo	$220,000	$127	65
6914 22nd Ave	0.60mi	3/2.0	1,603 (-3%)	4mo	$171,777	$107	63
7116 27th Ave	0.73mi	3/2.0	1,665 (+1%)	4mo	$254,900	$153	61
6046 31st Ave	0.45mi	3/2.0	1,477 (-10%)	3mo	$212,000	$144	59
2005 56th St	0.38mi	3/2.0	1,809 (+10%)	10mo	$215,000	$119	57
6710 29th Ave	0.53mi	4/2.0 (+1)	1,558 (-6%)	6mo	$215,000	$138	56
6826 22nd Ave	0.55mi	4/2.0 (+1)	1,760 (+7%)	2mo	$270,000	$153	56
5432 25th Ave	0.42mi	3/2.0	1,844 (+12%)	10mo	$240,000	$130	52
6827 25th Ave	0.54mi	4/2.0 (+1)	1,764 (+7%)	9mo	$226,500	$128	51
1205 58th St	0.70mi	4/2.0 (+1)	1,856 (+13%)	3mo	$212,000	$114	39
3511 64th St #3513	0.71mi	4/2.0 (+1)	1,440 (-13%)	11mo	$187,777	$130	32

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 9.2%
• Equity multiple: 1.36×
• Total profit: $20,752
• Equity at exit: $30,551

10-year hold

• IRR: 18.4%
• Equity multiple: 2.53×
• Total profit: $87,509
• 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 53143

• Active inventory: 34
• Price-to-rent: 12.4×

Monthly cashflow live

• Estimated rent: $2,753 high
• Mortgage (P&I): −$1,075
• Tax from tax record: −$168 /mo · $2,012/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$578
• Net cashflow: $847

Break-even live

Break-even rent $1,680

Max offer price $204,900

Occupancy floor 64%

Sensitivity live

Price	-10% $963	-5% $905	+0% $847	+5% $789	+10% $731
Rent	-10% $630	-5% $739	+0% $847	+5% $956	+10% $1,065
Rate	-1.0pp $951	-0.5pp $899	base $847	+0.5pp $794	+1.0pp $740

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,754
Total (2 units)			$2,753

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 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5807 20th Ave Unit 2 Kenosha, WI	3.0	1.0	1064	$2,400	$2.26	20d	1	0.31mi
5807 20th Ave Unit 1 Kenosha, WI	2.0	1.0	1064	$2,000	$1.88	20d	1	0.31mi
1809 60th St Kenosha, WI	3.0	1.0	1100	$1,500	$1.36	45d	1	0.34mi
1819 58th St Kenosha, WI	3.0	1.5	1065	$1,795	$1.69	0d	1	0.39mi
5432 23rd Ave Kenosha, WI	4.0	2.0	1400	$1,695	$1.21	5d	1	0.43mi
1510 57th St Unit 2 Kenosha, WI	4.0	2.0	1700	$1,800	$1.06	45d	1	0.55mi
2708 48th St Kenosha, WI	4.0	2.0	1200	$2,500	$2.08	23d	1	0.99mi
5522 7th Ave Kenosha, WI	2.0	1.0–2.0	858	$2,660	$3.10	4d	60	0.99mi
5945 6th Ave Kenosha, WI	2.0	1.0–2.0	800	$2,575	$3.22	0d	12	1.05mi
716 51st Pl Kenosha, WI	2.0	2.0	1193	$1,369	$1.15	0d	1	1.12mi
5900 4th Ave Unit 309 Kenosha, WI	2.0	2.0	1083	$1,895	$1.75	21d	1	1.12mi
5900 4th Ave Unit 217 Kenosha, WI	2.0	2.0	1083	$2,195	$2.03	20d	1	1.13mi
5900 4th Ave Unit 509 Kenosha, WI	2.0	2.0	1083	$2,035	$1.88	26d	1	1.13mi
5900 4th Ave Unit 212 Kenosha, WI	2.0	2.0	1224	$1,999	$1.63	45d	1	1.13mi
5900 4th Ave Unit 512 Kenosha, WI	2.0	2.0	1224	$2,495	$2.04	21d	1	1.13mi
5900 4th Ave Apt 414 Kenosha, WI	2.0	2.0	1160	$2,675	$2.31	14d	1	1.13mi
7719 15th Ave Kenosha, WI	4.0	2.0	1898	$2,599	$1.37	20d	1	1.24mi
7733 37th Ave Kenosha, WI	2.0	1.0	1200	$2,000	$1.67	14d	1	1.34mi

Listing history 32 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 $219,900 Active 48 DOM
8. 2026-06-08
   days on market $219,900 Active 47 DOM
9. 2026-06-07
   days on market $219,900 Active 46 DOM
10. 2026-06-04
    days on market $219,900 Active 43 DOM
11. 2026-06-03
    days on market $219,900 Active 42 DOM
12. 2026-06-02
    days on market $219,900 Active 41 DOM
13. 2026-06-01
    days on market $219,900 Active 40 DOM
14. 2026-05-31
    days on market $219,900 Active 39 DOM
15. 2026-04-20
    listed $219,900 Active 59-char remark
16. 2025-11-03
    historical 271-char remark

    Show marketing remark (271 chars)

    Calling all investors! This 2-unit includes a large 2 Bdr lower unit and a large 2 Bdr upper unit. Lower unit currently vacant and upper unit currently rented month-to-month. Property also features a large driveway, nice sized yard, and unfinished basement. Welcome Home!

17. 2025-10-31
    status Active 271-char remark

    Show marketing remark (271 chars)

    Calling all investors! This 2-unit includes a large 2 Bdr lower unit and a large 2 Bdr upper unit. Lower unit currently vacant and upper unit currently rented month-to-month. Property also features a large driveway, nice sized yard, and unfinished basement. Welcome Home!

18. 2025-10-15
    historical Contingent 271-char remark

    Show marketing remark (271 chars)

    Calling all investors! This 2-unit includes a large 2 Bdr lower unit and a large 2 Bdr upper unit. Lower unit currently vacant and upper unit currently rented month-to-month. Property also features a large driveway, nice sized yard, and unfinished basement. Welcome Home!

19. 2025-10-12
    price $209,000 271-char remark

    Show marketing remark (271 chars)

    Calling all investors! This 2-unit includes a large 2 Bdr lower unit and a large 2 Bdr upper unit. Lower unit currently vacant and upper unit currently rented month-to-month. Property also features a large driveway, nice sized yard, and unfinished basement. Welcome Home!

20. 2025-10-02
    price $213,000 271-char remark

    Show marketing remark (271 chars)

    Calling all investors! This 2-unit includes a large 2 Bdr lower unit and a large 2 Bdr upper unit. Lower unit currently vacant and upper unit currently rented month-to-month. Property also features a large driveway, nice sized yard, and unfinished basement. Welcome Home!

21. 2025-09-27
    price $215,000 271-char remark

    Show marketing remark (271 chars)

    Calling all investors! This 2-unit includes a large 2 Bdr lower unit and a large 2 Bdr upper unit. Lower unit currently vacant and upper unit currently rented month-to-month. Property also features a large driveway, nice sized yard, and unfinished basement. Welcome Home!

22. 2025-09-17
    listed $219,000 Active 271-char remark

    Show marketing remark (271 chars)

    Calling all investors! This 2-unit includes a large 2 Bdr lower unit and a large 2 Bdr upper unit. Lower unit currently vacant and upper unit currently rented month-to-month. Property also features a large driveway, nice sized yard, and unfinished basement. Welcome Home!

23. 2025-07-18
    historical

    Show marketing remark (351 chars)

    Calling all investors! This 2-unit includes a Large 1Bdr Lower unit with large combined living room-dining room, upper unit is a 2Bdr unit. Could potentially be converted to a large single-family home with 5 Bedrooms. Also features large back yard, full unfinished basement, and a long driveway for parking. Both units currently rented month-to-month.

24. 2025-05-14
    listed $219,000 Active

    Show marketing remark (351 chars)

    Calling all investors! This 2-unit includes a Large 1Bdr Lower unit with large combined living room-dining room, upper unit is a 2Bdr unit. Could potentially be converted to a large single-family home with 5 Bedrooms. Also features large back yard, full unfinished basement, and a long driveway for parking. Both units currently rented month-to-month.

25. 2018-10-22
    historical
26. 2018-10-15
    price $79,900
27. 2018-10-11
    price $81,900
28. 2018-10-08
    price $83,900
29. 2018-10-03
    price $84,900
30. 2018-09-30
    price $87,900
31. 2018-09-27
    listed $89,900 Active
32. 1996-09-01
    soldstatus $8,116

ⓘ 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: $2,012 · $168/mo
• Projected year-2 tax: $2,901 · $242/mo
• Expected delta: +$889/yr (+$74/mo · 44.2%)

ⓘ 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 · 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: $33,036
• − Mortgage interest: −$11,478
• − Property taxes: −$2,012
• − Insurance: −$1,024
• − Repairs & maintenance: −$2,643
• − Management: −$2,643
• − Depreciation: −$5,961
• Taxable income: $7,276
• Est. tax owed @ 24.0%: −$1,746
• After-tax cash flow: $8,422/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): 20,889
• Household income: $68,343
• Rent vs Own: 40.9% rent · 59.1% own
• Severe rent burden: 813.0

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 59% Hispanic / Latino 21% Two or more races 18% Black 11% Asian 1%
• Hispanic origin (detail): Mexican 16% Puerto Rican 2%
• Common ancestry: Romanian 6% Portuguese 5% Lithuanian 2%
• Foreign-born: 6% · Canada, China
• Languages at home: 89% English-only · Spanish 10% Chinese 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: ▼ -220.75%
• Current HPI: 229.2067
• Rent YoY: —
• 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

+2424.6% since first listed

19 events — show timeline

• 2026-06-10 Price Changed $204,900 METROMLS
• 2026-04-20 Listed $219,900 METROMLS
• 2025-11-03 Listing Removed — METROMLS
• 2025-10-31 Relisted — METROMLS
• 2025-10-15 Contingent — METROMLS
• 2025-10-12 Price Changed $209,000 METROMLS
• 2025-10-02 Price Changed $213,000 METROMLS
• 2025-09-27 Price Changed $215,000 METROMLS
• 2025-09-17 Listed $219,000 METROMLS
• 2025-07-18 Listing Removed — METROMLS
• 2025-05-14 Listed $219,000 METROMLS
• 2018-10-22 Listing Removed — METROMLS
• 2018-10-15 Price Changed $79,900 METROMLS
• 2018-10-11 Price Changed $81,900 METROMLS
• 2018-10-08 Price Changed $83,900 METROMLS
• 2018-10-03 Price Changed $84,900 METROMLS
• 2018-09-30 Price Changed $87,900 METROMLS
• 2018-09-27 Listed $89,900 METROMLS
• 1996-09-01 Sold (Public Records) $8,116 Public Records

Property tax history

+0.3%/yr

Latest (2025): $2,012 · +5.6% YoY. Source: county tax records.