1420 W Congress St · Milwaukee, WI 53209

$70,000

3 bd · 1.5 ba · 1,536 sqft · SingleFamily public records · 2 Days on market

Built 1926 5,227 sqft lot

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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
• ARV discount +7.5/15.0
• 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

Investor special with incredible potential! This 3-bedroom, 1.5-bath home offers a fantastic opportunity to restore and customize a property to your vision. Features include a spacious layout, 2-car detached garage, and solid footprint for renovation. Property is being sold AS-IS due to fire damage. Bring your ideas and unlock the possibilities this property has to offer!

Key facts

• Solid footprint
• Spacious layout
• 5,227 sq ft lot

Tags

• SPACIOUS LAYOUT
• SOLID FOOTPRINT

Property features AI

Exterior

• Parking: Detached 2-car garage; One off-street parking space
• Utilities: Municipal water; Municipal sewer
• Home design: Two-story single-family home; Zoned residential
• Construction: Exterior constructed of aluminum/steel and vinyl
• Exterior features: Aluminum and vinyl siding; Sidewalks

Interior

• Kitchen: Kitchen on main level (9 x 15)
• Bedrooms: Master bedroom on main level (10 x 11); Bedroom 2 on main level (9 x 10); Bedroom 3 on upper level (12 x 21)
• Bathrooms: One full bath; One half bath
• Heating & cooling: Forced air heating; Natural gas heat source
• Interior features: Full basement with block construction; Shower over tub

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $576 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $70k).
• Cap rate 16.2% 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 18d on market — plan ~3-4 weeks tenant-placement turnaround); 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).
• This rent runs 37% 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 $484 of loan paydown is wiped out by about $2k 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 $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $37k; list at $70k implies a 90% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.8% of price; built in 1926 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $70,000

Questions for the listing agent

1. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 2.15% ✓
• Cap rate: 16.16%
• Cash-on-cash: 35.24%
• DSCR: 2.57
• GRM: 3.9

CMA / ARV

• ARV (on-the-fly): $205,824
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4348 N 19th St	0.26mi	3/2.0	1,499 (-2%)	1mo	$230,000	$153	80
4166 N 17th St	0.31mi	3/1.5	1,524 (-1%)	6mo	$119,000	$78	79
4144 N 14th St	0.32mi	4/2.0 (+1)	1,617 (+5%)	5mo	$210,000	$130	65
4061 N 14th St	0.42mi	4/2.0 (+1)	1,566 (+2%)	7mo	$254,999	$163	64
720 Rock Pl	0.58mi	3/2.0	1,600 (+4%)	8mo	$415,000	$259	58
4487 N 21st St	0.51mi	3/1.5	1,384 (-10%)	3mo	$185,000	$134	58
4182 N 13th St	0.28mi	4/2.0 (+1)	1,351 (-12%)	5mo	$239,000	$177	56
4757 N 18th St	0.52mi	3/1.0	1,371 (-11%)	1mo	$135,000	$98	55
4666 N Ironwood Ln	0.59mi	4/3.0 (+1)	1,511 (-2%)	6mo	$339,900	$225	53
4046 N 6th St	0.70mi	3/1.0	1,477 (-4%)	9mo	$90,771	$61	52
3840 N 18th St St	0.73mi	3/2.0	1,413 (-8%)	2mo	$120,000	$85	49
3927 N 16th St	0.60mi	4/2.0 (+1)	1,755 (+14%)	4mo	$161,900	$92	38

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: 37.1%
• Equity multiple: 2.70×
• Total profit: $33,389
• Equity at exit: $10,437

10-year hold

• IRR: 46.5%
• Equity multiple: 6.76×
• Total profit: $112,956
• Equity at exit: $6,052

Cash invested: $19,600 (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: 3.9×

Monthly cashflow live

• Estimated rent: $1,507 high
• Mortgage (P&I): −$367
• Tax from tax record: −$219 /mo · $2,625/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $576

Break-even live

Break-even rent $778

Max offer price $70,000

Occupancy floor 57%

Sensitivity live

Price	-10% $615	-5% $595	+0% $576	+5% $556	+10% $536
Rent	-10% $457	-5% $516	+0% $576	+5% $635	+10% $695
Rate	-1.0pp $611	-0.5pp $593	base $576	+0.5pp $558	+1.0pp $539

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: $17,500
• Closing costs: $2,100
• 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	2d	1	0.61mi
4048 N 7th St Milwaukee, WI	2.0	1.0	1100	$1,150	$1.05	24d	1	0.66mi
3747 N 16th St Milwaukee, WI	2.0	1.0	1200	$875	$0.73	44d	1	0.78mi
3908 N 6th St Milwaukee, WI	2.0	1.0	1100	$1,150	$1.05	24d	1	0.80mi
4355 N 28th St Milwaukee, WI	2.0	1.0	1118	$975	$0.87	22d	1	0.98mi
4848 N Lydell Ave Glendale, WI	2.0	2.0	1097	$1,622	$1.48	5d	2	1.05mi
2106A W Keefe Ave Unit 2106 Lower Milwaukee, WI	3.0	1.0	1300	$1,100	$0.85	17d	1	1.11mi
3416 N 17th St Unit 1 Milwaukee, WI	3.0	1.0	1200	$1,100	$0.92	44d	1	1.14mi
100 E Chateau Pl Whitefish Bay, WI	2.0	1.0–2.0	1175	$1,950	$1.66	2d	1	1.17mi
3388 N 27th St Unit 3388 Front House Milwaukee, WI	4.0	1.0	1212	$1,550	$1.28	5d	1	1.43mi
5032 N 32nd St Milwaukee, WI	3.0	2.0	1089	$1,750	$1.61	13d	1	1.45mi
5400 N Iroquois Ave Milwaukee, WI	2.0	1.0	1400	$2,200	$1.57	2d	2	1.49mi

Listing history 5 events

1. 2026-06-01
   status $70,000 Pending 2 DOM
2. 2026-05-31
   days on market $70,000 Active 2 DOM
3. 2026-05-29
   listed $70,000 Active
4. 2000-10-31
   soldstatus $36,900
5. 1997-03-01
   soldstatus $34,900

ⓘ 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: $2,625 · $219/mo
• Projected year-2 tax: $2,625 · $219/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 ≥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: $18,086
• − Mortgage interest: −$3,921
• − Property taxes: −$2,625
• − Insurance: −$350
• − Repairs & maintenance: −$1,447
• − Management: −$1,447
• − Depreciation: −$2,036
• Taxable income: $6,260
• Est. tax owed @ 24.0%: −$1,502
• After-tax cash flow: $5,405/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

+100.6% since first listed

3 events — show timeline

• 2026-05-29 Listed $70,000 METROMLS
• 2000-10-31 Sold (Public Records) $36,900 Public Records
• 1997-03-01 Sold (Public Records) $34,900 Public Records

Property tax history

+2.6%/yr

Latest (2024): $2,625 · +37.7% YoY. Source: county tax records.