6810 27th Ave · Kenosha, WI 53143

$214,900

3 bd · 2.0 ba · 1,330 sqft · MultiFamily public records · 28 Days on market

Built 1902 6,534 sqft lot Est $188k · 15% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• ARV discount +0.9/15.0
• 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

Foreclosure property being sold in the as is condition. Room sizes have been estimated

Key facts

• Tastefully updated
• Kenosha location
• Freshly painted

Tags

• KENOSHA LOCATION
• GREWENOW SCHOOL DISTRICT
• FRESHLY PAINTED
• TASTEFULLY UPDATED
• SEPARATE LIVING SPACES
• CLASSIC CHARACTER

Property features AI

Exterior

• Utilities: Municipal water; Municipal sewer
• Home design: 2-story duplex; Multi-family property; Zoning: RG1
• Construction: Information source lists year built from assessor/public record
• Exterior features: Vinyl exterior; Lot under 1/2 acre

Interior

• Kitchen: Unit 2 kitchen on upper level; Appliances included: 2 stoves, 2 refrigerators, 1 dishwasher
• Bedrooms: Unit 1: 2 bedrooms; Unit 2: 1 bedroom (upper level)
• 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 × 3-bed/2.0-bath units multifamily listed at $215k.

Deal economics

• At list price, monthly cash flow is $2k ($20k/yr) — positive. Per door: $851/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $215k).
• Recommended offer: $212k (1.5% below list) — sets the bar for market timing.
• Cap rate 15.8% vs local median 4.0% 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: Grewenow Elementary (math 22% / reading 17%, grade F, #864 of 1,041 statewide, top 85%, 273 students, 73% FRL); Tremper High (math 13% / reading 25%, grade F, #395 of 483 statewide, top 82%, 1,540 students, 45% FRL).
• Market conditions: 35 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 259 units permitted in Kenosha County in 2024 (8 in 5+ unit buildings).
• At $3,897/mo this rent would consume 68% 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 $60k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 14y 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 $29k; list at $215k implies a 641% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1902 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $211,676 (1.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1902 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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 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: 1.81% ✓
• Cap rate: 15.80%
• Cash-on-cash: 33.94%
• DSCR: 2.51
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $187,530
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2428 71st St	0.22mi	4/2.0 (+1)	1,344 (+1%)	20mo	$190,000	$141	67
6046 31st Ave	0.60mi	3/2.0	1,477 (+11%)	3mo	$212,000	$144	51
6017 31st Ave	0.64mi	2/2.0 (-1)	1,285 (-3%)	10mo	$155,000	$121	51
6218 32nd Ave	0.56mi	4/2.0 (+1)	1,304 (-2%)	21mo	$205,000	$157	48
3511 64th St #3513	0.61mi	4/2.0 (+1)	1,440 (+8%)	11mo	$187,777	$130	44
6020 31st Ave	0.64mi	4/2.0 (+1)	1,368 (+3%)	20mo	$198,000	$145	43
6617 18th Ave	0.59mi	4/2.0 (+1)	1,408 (+6%)	20mo	$160,000	$114	41
6208 37th Ave	0.75mi	4/2.0 (+1)	1,260 (-5%)	20mo	$140,000	$111	35
7514 33rd Ave	0.55mi	2/2.0 (-1)	1,498 (+13%)	22mo	$250,000	$167	30

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: 29.3%
• Equity multiple: 2.22×
• Total profit: $73,550
• Equity at exit: $32,042

10-year hold

• IRR: 36.6%
• Equity multiple: 4.38×
• Total profit: $203,572
• Equity at exit: $18,581

Cash invested: $60,172 (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: 35
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $3,897 medium
• Mortgage (P&I): −$1,127
• Tax from tax record: −$160 /mo · $1,925/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$818
• Net cashflow: $1,702

Break-even live

Break-even rent $1,743

Max offer price $214,900

Occupancy floor 51%

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	2	$3,896
Total (2 units)			$3,897

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: $53,725
• Closing costs: $6,447
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2614 63rd St #2 Kenosha, WI	2.0	1.0	900	$1,295	$1.44	24d	1	0.40mi
1809 60th St Kenosha, WI	3.0	1.0	1100	$1,500	$1.36	43d	1	0.79mi
5807 20th Ave Unit 2 Kenosha, WI	3.0	1.0	1064	$2,400	$2.26	18d	1	0.81mi
5807 20th Ave Unit 1 Kenosha, WI	2.0	1.0	1064	$2,000	$1.88	18d	1	0.81mi
7733 37th Ave Kenosha, WI	2.0	1.0	1200	$2,000	$1.67	12d	1	0.83mi
5432 23rd Ave Kenosha, WI	4.0	2.0	1400	$1,695	$1.21	3d	1	0.94mi
1510 57th St Unit 2 Kenosha, WI	4.0	2.0	1700	$1,800	$1.06	43d	1	1.02mi
5103 24th Ave Kenosha, WI	2.0	1.0	980	$1,095	$1.12	4d	1	1.22mi
6018 8th Ave Apt 33 Kenosha, WI	2.0	1.5	975	$1,425	$1.46	7d	1	1.23mi
5945 6th Ave Kenosha, WI	2.0	1.0–2.0	800	$2,575	$3.22	1d	13	1.41mi
5522 7th Ave Kenosha, WI	2.0	1.0–2.0	858	$2,660	$3.10	2d	60	1.43mi
2708 48th St Kenosha, WI	4.0	2.0	1200	$2,500	$2.08	21d	1	1.45mi
5900 4th Ave Apt 414 Kenosha, WI	2.0	2.0	1160	$2,675	$2.31	12d	1	1.49mi
5900 4th Ave Unit 512 Kenosha, WI	2.0	2.0	1224	$2,495	$2.04	19d	1	1.49mi
5900 4th Ave Unit 217 Kenosha, WI	2.0	2.0	1083	$2,195	$2.03	18d	1	1.49mi
5900 4th Ave Unit 509 Kenosha, WI	2.0	2.0	1083	$2,035	$1.88	24d	1	1.49mi
5900 4th Ave Unit 212 Kenosha, WI	2.0	2.0	1224	$1,999	$1.63	43d	1	1.49mi
5900 4th Ave Unit 309 Kenosha, WI	2.0	2.0	1083	$1,895	$1.75	19d	1	1.49mi

Listing history 21 events

1. 2026-06-18
   status $214,900 Pending 28 DOM
2. 2026-06-18
   days on market $214,900 Contingent 28 DOM
3. 2026-06-17
   days on market $214,900 Contingent 27 DOM
4. 2026-06-16
   days on market $214,900 Contingent 26 DOM
5. 2026-06-15
   days on market $214,900 Contingent 25 DOM
6. 2026-06-13
   days on market $214,900 Contingent 23 DOM
7. 2026-06-09
   days on market $214,900 Contingent 19 DOM
8. 2026-06-08
   days on market $214,900 Contingent 18 DOM
9. 2026-06-07
   days on market $214,900 Contingent 17 DOM
10. 2026-06-04
    days on market $214,900 Contingent 14 DOM
11. 2026-06-03
    days on market $214,900 Contingent 13 DOM
12. 2026-06-02
    days on market $214,900 Contingent 12 DOM
13. 2026-06-01
    days on market $214,900 Contingent 11 DOM
14. 2026-05-31
    days on market $214,900 Contingent 10 DOM
15. 2026-05-20
    listed $214,900 Active
16. 2013-02-16
    listed $35,900 86-char remark

    Show marketing remark (86 chars)

    Foreclosure property being sold in the as is condition. Room sizes have been estimated

17. 2013-02-16
    historical 86-char remark

    Show marketing remark (86 chars)

    Foreclosure property being sold in the as is condition. Room sizes have been estimated

18. 2012-03-11
    listed $55,000 118-char remark

    Show marketing remark (118 chars)

    APPROVED BANK SHORT SALE! Two unit with vinyl siding. investor cash flow at great price. property being sold ''as-is''

19. 2012-03-11
    historical 118-char remark

    Show marketing remark (118 chars)

    APPROVED BANK SHORT SALE! Two unit with vinyl siding. investor cash flow at great price. property being sold ''as-is''

20. 2010-08-19
    soldstatus $29,000 86-char remark

    Show marketing remark (86 chars)

    Foreclosure property being sold in the as is condition. Room sizes have been estimated

21. 1998-02-01
    soldstatus $60,900

ⓘ 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: $1,925 · $160/mo
• Projected year-2 tax: $2,951 · $246/mo
• Expected delta: +$1,025/yr (+$85/mo · 53.2%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 68% 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: $46,764
• − Mortgage interest: −$12,038
• − Property taxes: −$1,925
• − Insurance: −$1,074
• − Repairs & maintenance: −$3,741
• − Management: −$3,741
• − Depreciation: −$6,252
• Taxable income: $17,992
• Est. tax owed @ 24.0%: −$4,318
• After-tax cash flow: $16,102/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

+252.9% since first listed

7 events — show timeline

• 2026-05-20 Listed $214,900 METROMLS
• 2013-02-16 Listing Removed — METROMLS
• 2013-02-16 Listed $35,900 METROMLS
• 2012-03-11 Listing Removed — METROMLS
• 2012-03-11 Listed $55,000 METROMLS
• 2010-08-19 Sold (MLS) $29,000 METROMLS
• 1998-02-01 Sold (Public Records) $60,900 Public Records

Property tax history

+1.7%/yr

Latest (2025): $1,925 · +5.6% YoY. Source: county tax records.