4463 N 36th St · Milwaukee, WI 53209

$99,900

2 bd · 1.5 ba · 815 sqft · SingleFamily public records · 13 Days on market

Built 1940 5,227 sqft lot Est $97k · at est.

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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 +25.2/30.0
• DSCR +8.3/10.0
• 1% rule +6.7/10.0
• ARV discount +6.1/15.0
• 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

A great investment opportunity. Home has 2 bedrooms, one bath, features hardwood floors in all both bedrooms and living room. Two car garage with additional parking. Tenant occupied.

Key facts

• Generous yard
• Spacious living area
• Natural light

Tags

• SPACIOUS LIVING AREA
• NATURAL LIGHT
• AMPLE SPACE FOR STORAGE
• GENEROUS YARD

Property features AI

Finance

• Other: Lot size about 0.12 acres (less than 1/2 acre); Zoning: RT3

Exterior

• Utilities: Municipal water; Municipal sewer
• Home design: Single-family home; One-story layout; Facing/entry level information not provided
• Construction: Property tax/assessment indicates year built from public records (specific year not provided)
• Exterior features: Vinyl exterior; Other exterior materials/features

Interior

• Bedrooms: Master bedroom on main level, approximately 11 x 9; Second bedroom on main level, approximately 10 x 9
• Bathrooms: One full bathroom
• Heating & cooling: Central air; Additional/other heating or cooling noted in remarks
• Interior features: Slab foundation (no basement)

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $225 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Cap rate 9.0% 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; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k 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 $28k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 17 sale attempts since 13y 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 $50k; list at $100k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $99,900

Questions for the listing agent

1. Built in 1940 — 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: 1.17% ✓
• Cap rate: 8.99%
• Cash-on-cash: 9.64%
• DSCR: 1.43
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $96,985
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4463 N 36th St	0.00mi	2/1.0	815 (0%)	1mo	$99,000	$121	98
4440 N 41st St	0.28mi	2/1.0	784 (-4%)	7mo	$77,200	$98	73
4623 N 38th St	0.22mi	2/1.0	744 (-9%)	2mo	$119,900	$161	72
4224 W Peck Pl	0.45mi	2/1.0	744 (-9%)	2mo	$64,820	$87	61
4633 N Sherman Blvd	0.50mi	2/1.0	741 (-9%)	1mo	$88,500	$119	59
4268 N 42nd Pl	0.45mi	2/1.0	876 (+8%)	8mo	$83,000	$95	58
3950 N 42nd St	0.74mi	2/1.0	843 (+3%)	2mo	$37,710	$45	57
4836 N 40th St	0.52mi	2/1.0	897 (+10%)	5mo	$70,000	$78	53
4337 N 42nd Pl	0.44mi	2/1.0	698 (-14%)	2mo	$126,900	$182	52
4752 N 44th St	0.60mi	2/1.0	913 (+12%)	1mo	$160,000	$175	49
4430 W Glendale Ave	0.57mi	3/1.0 (+1)	908 (+11%)	0mo	$180,000	$198	47
4478 N 48th St	0.75mi	3/1.0 (+1)	870 (+7%)	7mo	$99,900	$115	41

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: 3.8%
• Equity multiple: 1.16×
• Total profit: $4,336
• Equity at exit: $14,895

10-year hold

• IRR: 17.6%
• Equity multiple: 2.80×
• Total profit: $50,478
• Equity at exit: $8,638

Cash invested: $27,972 (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: 7.1×

Monthly cashflow live

• Estimated rent: $1,172 high
• Mortgage (P&I): −$524
• Tax from tax record: −$135 /mo · $1,625/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$246
• Net cashflow: $225

Break-even live

Break-even rent $887

Max offer price $99,900

Occupancy floor 76%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4572 N 38th St Unit 2 Milwaukee, WI	2.0	1.0	600	$950	$1.58	43d	1	0.15mi
4651 N 36th St #4 Milwaukee, WI	2.0	1.0	747	$945	$1.27	23d	1	0.20mi
4661 N 38th St Unit 4661 Milwaukee, WI	2.0	1.0	1000	$845	$0.84	14d	1	0.25mi
4355 N 28th St Milwaukee, WI	2.0	1.0	1118	$975	$0.87	21d	1	0.52mi
4479A N 44th St Milwaukee, WI	2.0	1.0	1000	$895	$0.90	43d	1	0.53mi
4702 N 44th St Milwaukee, WI	3.0	2.0	1050	$1,850	$1.76	43d	1	0.56mi
4703 N 45th St Milwaukee, WI	3.0	1.0	1031	$1,695	$1.64	23d	1	0.64mi
4727 N 46th St Milwaukee, WI	3.0	1.0	936	$1,700	$1.82	43d	1	0.71mi
4227 N 26th St Milwaukee, WI	2.0	1.0	950	$1,000	$1.05	17d	1	0.72mi
5032 N 32nd St Milwaukee, WI	3.0	2.0	1089	$1,750	$1.61	12d	1	0.74mi
3925 N 41st St Unit 2 Milwaukee, WI	1.0	1.0	700	$845	$1.21	23d	1	0.79mi
3871-3873 N 36th St Unit 3871 Milwaukee, WI	2.0	1.0	987	$950	$0.96	23d	1	0.79mi
3925 N 42nd St Milwaukee, WI	2.0	1.0	985	$1,400	$1.42	23d	1	0.81mi
4852 N 48th St Unit 4852 Milwaukee, WI	2.0	1.0	830	$995	$1.20	2d	1	0.87mi
3890 N Sherman Blvd Milwaukee, WI	2.0	1.0	950	$1,100	$1.16	12d	1	0.89mi
3901 N 27th St Unit 3907 Milwaukee, WI	2.0	1.0	715	$895	$1.25	23d	1	0.95mi
4640 N 51st Blvd Milwaukee, WI	2.0	1.0	1075	$1,275	$1.19	43d	1	0.95mi
5237 N 34th St Unit 5237 Lower Milwaukee, WI	2.0	1.0	956	$1,350	$1.41	23d	1	0.96mi
5050 N 47th St Milwaukee, WI	2.0	1.0	1092	$1,700	$1.56	43d	1	0.98mi
3630 W Nash St Milwaukee, WI	2.0	1.0	1000	$1,200	$1.20	23d	1	1.00mi
5165-5167 N 45th St Unit 5165 Milwaukee, WI	3.0	1.0	1020	$1,200	$1.18	17d	1	1.02mi
4610 W Eggert Pl #4612 Milwaukee, WI	3.0	1.0	852	$1,095	$1.29	23d	1	1.05mi
3606 N 41st St Unit 3608 Milwaukee, WI	2.0	1.0	1095	$975	$0.89	43d	1	1.12mi
5435 N 40th St Milwaukee, WI	2.0	1.0	850	$1,150	$1.35	17d	1	1.22mi
3911 N 20th St Unit 3913 Milwaukee, WI	2.0	1.0	950	$995	$1.05	23d	1	1.28mi
3347 N 29th St Unit 3347A Milwaukee, WI	2.0	1.0	950	$845	$0.89	14d	1	1.36mi
3340 N 44th St Milwaukee, WI	2.0	1.0	900	$1,295	$1.44	12d	1	1.40mi
2821 W Concordia Ave Milwaukee, WI	3.0	1.5	1098	$1,595	$1.45	2d	1	1.45mi
3927-3929 N 17th St Milwaukee, WI	2.0	1.0	900	$1,195	$1.33	43d	1	1.49mi
3410 N 23rd St Milwaukee, WI	2.0	1.0	800	$800	$1.00	17d	1	1.49mi
3921 N 17th St Apt 3 Milwaukee, WI	1.0	1.0	650	$800	$1.23	43d	1	1.50mi

Listing history 40 events

1. 2026-04-30
   status Pending
2. 2026-04-17
   listed $99,900 Active
3. 2021-07-22
   soldstatus $50,000
4. 2021-07-19
   soldstatus $50,000 Sold 182-char remark

   Show marketing remark (182 chars)

   A great investment opportunity. Home has 2 bedrooms, one bath, features hardwood floors in all both bedrooms and living room. Two car garage with additional parking. Tenant occupied.

5. 2021-06-24
   historical Contingent 182-char remark

   Show marketing remark (182 chars)

   A great investment opportunity. Home has 2 bedrooms, one bath, features hardwood floors in all both bedrooms and living room. Two car garage with additional parking. Tenant occupied.

6. 2021-06-15
   listed $60,000 Active 182-char remark

   Show marketing remark (182 chars)

   A great investment opportunity. Home has 2 bedrooms, one bath, features hardwood floors in all both bedrooms and living room. Two car garage with additional parking. Tenant occupied.

7. 2017-11-28
   soldstatus $22,500 Sold 279-char remark

   Show marketing remark (279 chars)

   Great Investment Property to Rent or Owner Occupy! This 2 Bedroom 1.5 Bath Ranch Home Needs Just Some TLC So Bring your Decorating Ideas! Full Basement with Wet Bar and Half Bath. Nice Backyard Space and Detached 2 Car Garage. Priced to Sell. .. This Home Won't Last Long! Hurry!

8. 2017-11-15
   historical Contingent 279-char remark

   Show marketing remark (279 chars)

   Great Investment Property to Rent or Owner Occupy! This 2 Bedroom 1.5 Bath Ranch Home Needs Just Some TLC So Bring your Decorating Ideas! Full Basement with Wet Bar and Half Bath. Nice Backyard Space and Detached 2 Car Garage. Priced to Sell. .. This Home Won't Last Long! Hurry!

9. 2017-08-29
   listed $29,900 Active 279-char remark

   Show marketing remark (279 chars)

   Great Investment Property to Rent or Owner Occupy! This 2 Bedroom 1.5 Bath Ranch Home Needs Just Some TLC So Bring your Decorating Ideas! Full Basement with Wet Bar and Half Bath. Nice Backyard Space and Detached 2 Car Garage. Priced to Sell. .. This Home Won't Last Long! Hurry!

10. 2017-08-23
    historical
11. 2017-08-19
    status Active
12. 2017-08-19
    historical
13. 2017-08-13
    status Active
14. 2017-08-12
    historical
15. 2017-08-01
    status Active
16. 2017-07-31
    historical
17. 2017-07-06
    status Active
18. 2017-06-23
    historical Contingent
19. 2017-04-30
    price $29,900
20. 2017-04-01
    price $34,900
21. 2017-01-27
    listed $39,900 Active
22. 2016-06-01
    historical
23. 2015-12-04
    status Active
24. 2015-11-30
    historical
25. 2015-05-26
    status Active
26. 2015-05-25
    historical
27. 2014-11-24
    status Active
28. 2014-11-24
    historical
29. 2014-09-04
    listed $44,900 Active
30. 2013-05-08
    historical
31. 2013-05-08
    listed $69,999
32. 2013-02-07
    historical
33. 2013-02-07
    listed $59,900
34. 2013-02-02
    listed $79,900
35. 2013-02-02
    historical
36. 2013-02-02
    historical
37. 2013-02-02
    listed $70,500
38. 2013-02-02
    historical
39. 2013-02-02
    listed $69,999
40. 1993-07-01
    soldstatus $29,900

ⓘ 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: $1,625 · $135/mo
• Projected year-2 tax: $1,736 · $145/mo
• Expected delta: +$112/yr (+$9/mo · 6.9%)

ⓘ 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,059
• − Mortgage interest: −$5,596
• − Property taxes: −$1,625
• − Insurance: −$500
• − Repairs & maintenance: −$1,125
• − Management: −$1,125
• − Depreciation: −$2,906
• Taxable income: $1,183
• Est. tax owed @ 24.0%: −$284
• After-tax cash flow: $2,412/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

+234.1% since first listed

40 events — show timeline

• 2026-04-30 Pending — METROMLS
• 2026-04-17 Listed $99,900 METROMLS
• 2021-07-22 Sold (Public Records) $50,000 Public Records
• 2021-07-19 Sold (MLS) $50,000 METROMLS
• 2021-06-24 Contingent — METROMLS
• 2021-06-15 Listed $60,000 METROMLS
• 2017-11-28 Sold (MLS) $22,500 METROMLS
• 2017-11-15 Contingent — METROMLS
• 2017-08-29 Listed $29,900 METROMLS
• 2017-08-23 Listing Removed — METROMLS
• 2017-08-19 Relisted — METROMLS
• 2017-08-19 Listing Removed — METROMLS
• 2017-08-13 Relisted — METROMLS
• 2017-08-12 Listing Removed — METROMLS
• 2017-08-01 Relisted — METROMLS
• 2017-07-31 Listing Removed — METROMLS
• 2017-07-06 Relisted — METROMLS
• 2017-06-23 Contingent — METROMLS
• 2017-04-30 Price Changed $29,900 METROMLS
• 2017-04-01 Price Changed $34,900 METROMLS
• 2017-01-27 Listed $39,900 METROMLS
• 2016-06-01 Listing Removed — METROMLS
• 2015-12-04 Relisted — METROMLS
• 2015-11-30 Listing Removed — METROMLS
• 2015-05-26 Relisted — METROMLS
• 2015-05-25 Listing Removed — METROMLS
• 2014-11-24 Relisted — METROMLS
• 2014-11-24 Listing Removed — METROMLS
• 2014-09-04 Listed $44,900 METROMLS
• 2013-05-08 Listed $69,999 METROMLS
• 2013-05-08 Listing Removed — METROMLS
• 2013-02-07 Listed $59,900 METROMLS
• 2013-02-07 Listing Removed — METROMLS
• 2013-02-02 Listing Removed — METROMLS
• 2013-02-02 Listed $79,900 METROMLS
• 2013-02-02 Listed $70,500 METROMLS
• 2013-02-02 Listing Removed — METROMLS
• 2013-02-02 Listed $69,999 METROMLS
• 2013-02-02 Listing Removed — METROMLS
• 1993-07-01 Sold (Public Records) $29,900 Public Records

Property tax history

-1.2%/yr

Latest (2024): $1,625 · -47.2% YoY. Source: county tax records.