3342 N 26th St · Milwaukee, WI 53206

$72,900

3 bd · 1.0 ba · 1,285 sqft · SingleFamily public records · 119 Days on market

Built 1922 4,356 sqft lot $57/sqft · 30% above area Est $56k · 30% over

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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
• Appreciation +10.0/10.0
• Rent growth +4.6/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

VERY MOTIVATED SELLER! Seller no longer has the time to manage the property and is eager to sell. This 5-bedroom home presents a great opportunity for an investor ready to move quickly. Ideal for buyers with the vision and resources to rehab and increase value for future equity. Room sizes are estimates. Schedule your showing today!

Key facts

• 4,356 sq ft lot
• Parking
• Built 1922

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $73k.

Deal economics

• At list price, monthly cash flow is $451 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $73k).
• Recommended offer: $66k (9.0% below list) — sets the bar for market timing.
• Cap rate 13.7% 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 (+8.3%/yr); 150 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,017 units permitted in Milwaukee County in 2024 (803 in 5+ unit buildings).
• At $1,259/mo this rent would consume 52% of the median local household income ($29k/yr) (locally 2061% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $8k of equity ($504 loan paydown + $7k appreciation (10.0% local appreciation)).
• Milwaukee County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 8.0% rent growth), your $20k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 119 days — a 9% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y ago; this cycle's ask has dropped $12k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1922 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $66,339 (9.0% below list)

Questions for the listing agent

1. It's been on market 119 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1922 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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 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: 1.73% ✓
• Cap rate: 13.71%
• Cash-on-cash: 26.50%
• DSCR: 2.18
• GRM: 4.8

CMA / ARV

• ARV (median comp): $56,247
• List price: $72,900
• Delta: 29.61%
• 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
3124 N 29th St	0.35mi	3/1.0	1,270 (-1%)	9mo	$120,000	$94	74
3812 N 27th St	0.45mi	3/1.0	1,372 (+7%)	3mo	$79,900	$58	65
3741 N 25th St	0.38mi	3/2.0	1,397 (+9%)	2mo	$195,000	$140	62
3908 N 25th St	0.57mi	3/1.0	1,179 (-8%)	1mo	$73,200	$62	59
3828 N 26th St	0.47mi	3/1.0	1,177 (-8%)	7mo	$25,000	$21	58
2929 N 25th St	0.54mi	3/2.5	1,349 (+5%)	4mo	$200,000	$148	57
2234 W Melvina St	0.61mi	3/1.0	1,128 (-12%)	4mo	$98,000	$87	47
3850 N 19th Pl	0.71mi	3/1.0	1,387 (+8%)	8mo	$90,000	$65	47
2920 N 22nd St	0.65mi	3/1.0	1,118 (-13%)	2mo	$105,000	$94	46
3003 N 20th St	0.61mi	4/1.0 (+1)	1,437 (+12%)	2mo	$93,000	$65	45
3865 N 24th St	0.54mi	2/1.0 (-1)	1,150 (-10%)	9mo	$80,400	$70	45
3024 N 20th St	0.61mi	4/1.0 (+1)	1,461 (+14%)	4mo	$68,000	$47	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 47.4%
• Equity multiple: 4.68×
• Total profit: $75,109
• Equity at exit: $65,674

10-year hold

• IRR: 43.4%
• Equity multiple: 11.54×
• Total profit: $215,184
• Equity at exit: $141,629

Cash invested: $20,412 (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 53206

• Rents YoY: 8.3%
• Active inventory: 150
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,259 high
• Mortgage (P&I): −$382
• Tax from tax record: −$131 /mo · $1,578/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$264
• Net cashflow: $451

Break-even live

Break-even rent $689

Max offer price $72,900

Occupancy floor 59%

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: $18,225
• Closing costs: $2,187
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3388 N 27th St Unit 3388 Front House Milwaukee, WI	4.0	1.0	1212	$1,550	$1.28	4d	1	0.09mi
2821 W Concordia Ave Milwaukee, WI	3.0	1.5	1098	$1,595	$1.45	2d	1	0.18mi
3347 N 29th St Unit 3347A Milwaukee, WI	2.0	1.0	950	$845	$0.89	14d	1	0.20mi
2106A W Keefe Ave Unit 2106 Lower Milwaukee, WI	3.0	1.0	1300	$1,100	$0.85	17d	1	0.41mi
2931 W Chambers St Milwaukee, WI	2.0	1.0	1400	$1,050	$0.75	23d	1	0.53mi
3124 N 33rd St Milwaukee, WI	2.0	1.0	1200	$1,200	$1.00	43d	1	0.53mi
2945 N 23rd St Milwaukee, WI	3.0	1.0	1014	$1,195	$1.18	43d	1	0.57mi
2870 N 29th St #2872 Milwaukee, WI	3.0	1.0	1300	$1,250	$0.96	43d	1	0.63mi
3646 N 19th St Milwaukee, WI	2.0	1.0	935	$1,100	$1.18	4d	1	0.67mi
3416 N 17th St Unit 1 Milwaukee, WI	3.0	1.0	1200	$1,100	$0.92	43d	1	0.71mi
3911 N 20th St Unit 3913 Milwaukee, WI	2.0	1.0	950	$995	$1.05	23d	1	0.72mi
2765 N 26th St Unit 1 Milwaukee, WI	3.0	1.0	1125	$1,200	$1.07	4d	1	0.74mi
2765 N 26th St Unit 2 Milwaukee, WI	2.0	1.0	1100	$1,100	$1.00	4d	1	0.74mi
3630 W Nash St Milwaukee, WI	2.0	1.0	1000	$1,200	$1.20	23d	1	0.75mi
2955 N 17th St Unit B UPSTAIRS Milwaukee, WI	2.0	1.0	1000	$900	$0.90	17d	1	0.77mi
2741 N 23rd St Unit 2 Milwaukee, WI	3.0	1.0	1000	$1,100	$1.10	17d	1	0.81mi
2741 N 23rd St Milwaukee, WI	3.0	1.0	900	$1,050	$1.17	14d	1	0.81mi
3871-3873 N 36th St Unit 3871 Milwaukee, WI	2.0	1.0	987	$950	$0.96	23d	1	0.83mi
3148 N 39th St Milwaukee, WI	2.0	1.0	1100	$1,100	$1.00	43d	1	0.84mi
3148 N 39th St Unit 1 Milwaukee, WI	2.0	1.0	1000	$1,100	$1.10	14d	1	0.84mi
3747 N 16th St Milwaukee, WI	2.0	1.0	1200	$875	$0.73	43d	1	0.85mi
2116 W Atkinson Ave Unit A Milwaukee, WI	4.0	1.0	1707	$2,000	$1.17	1d	1	0.89mi
3927-3929 N 17th St Milwaukee, WI	2.0	1.0	900	$1,195	$1.33	43d	1	0.90mi
3100 W Center St Milwaukee, WI	3.0	2.0	1174	$1,531	$1.30	1d	1	0.91mi
4227 N 26th St Milwaukee, WI	2.0	1.0	950	$1,000	$1.05	17d	1	0.93mi
2630 N 24th St Milwaukee, WI	2.0	1.0	934	$1,450	$1.55	19d	1	0.93mi
3214 N 41st St Milwaukee, WI	2.0	1.0	900	$1,250	$1.39	43d	1	0.94mi
3606 N 41st St Unit 3608 Milwaukee, WI	2.0	1.0	1095	$975	$0.89	43d	1	0.94mi
1326 W Burleigh St Unit 1326 Lower Milwaukee, WI	2.0	1.0	900	$825	$0.92	2d	1	0.96mi
3298 N 13th St Milwaukee, WI	3.0	1.0	885	$895	$1.01	43d	1	0.96mi
2308 W Clarke St Milwaukee, WI	4.0	2.0	1545	$1,750	$1.13	23d	1	0.98mi
2809 W Clarke St Unit 12811 Milwaukee, WI	3.0	1.0	1400	$1,200	$0.86	17d	1	0.99mi
3122 N 42nd St Milwaukee, WI	3.0	1.0	1323	$1,495	$1.13	4d	1	1.02mi
3123 N 42nd St Milwaukee, WI	4.0	1.0	1500	$1,700	$1.13	23d	1	1.05mi
3045 N 11th St #3047 Milwaukee, WI	3.0	1.0	1065	$1,175	$1.10	4d	1	1.11mi
3340 N 44th St Milwaukee, WI	2.0	1.0	900	$1,295	$1.44	12d	1	1.12mi
4355 N 28th St Milwaukee, WI	2.0	1.0	1118	$975	$0.87	21d	1	1.14mi
3925 N 42nd St Milwaukee, WI	2.0	1.0	985	$1,400	$1.42	23d	1	1.16mi
3925 N 42nd St Milwaukee, WI	3.0	1.0	1300	$1,675	$1.29	43d	1	1.16mi
3890 N Sherman Blvd Milwaukee, WI	2.0	1.0	950	$1,100	$1.16	12d	1	1.18mi

Listing history 8 events

1. 2026-05-06
   status Pending 335-char remark

   Show marketing remark (335 chars)

   VERY MOTIVATED SELLER! Seller no longer has the time to manage the property and is eager to sell. This 5-bedroom home presents a great opportunity for an investor ready to move quickly. Ideal for buyers with the vision and resources to rehab and increase value for future equity. Room sizes are estimates. Schedule your showing today!

2. 2026-03-27
   price $72,900 335-char remark

   Show marketing remark (335 chars)

   VERY MOTIVATED SELLER! Seller no longer has the time to manage the property and is eager to sell. This 5-bedroom home presents a great opportunity for an investor ready to move quickly. Ideal for buyers with the vision and resources to rehab and increase value for future equity. Room sizes are estimates. Schedule your showing today!

3. 2026-02-17
   price $74,900 335-char remark

   Show marketing remark (335 chars)

   VERY MOTIVATED SELLER! Seller no longer has the time to manage the property and is eager to sell. This 5-bedroom home presents a great opportunity for an investor ready to move quickly. Ideal for buyers with the vision and resources to rehab and increase value for future equity. Room sizes are estimates. Schedule your showing today!

4. 2026-01-05
   listed $84,900 Active 335-char remark

   Show marketing remark (335 chars)

   VERY MOTIVATED SELLER! Seller no longer has the time to manage the property and is eager to sell. This 5-bedroom home presents a great opportunity for an investor ready to move quickly. Ideal for buyers with the vision and resources to rehab and increase value for future equity. Room sizes are estimates. Schedule your showing today!

5. 2017-06-02
   historical 216-char remark

   Show marketing remark (216 chars)

   Well Kept Bungalow, Occupied By Same Owner For 50 Years. 2nd Floor Family Room. Newer Roof And Mechanical's. Handicap Accessible with Professionally Installed Wheelchair Lift. Owner Will Pay All Buyers Closing Costs.

6. 2017-04-19
   price $249,000 216-char remark

   Show marketing remark (216 chars)

   Well Kept Bungalow, Occupied By Same Owner For 50 Years. 2nd Floor Family Room. Newer Roof And Mechanical's. Handicap Accessible with Professionally Installed Wheelchair Lift. Owner Will Pay All Buyers Closing Costs.

7. 2017-02-27
   price $29,900 216-char remark

   Show marketing remark (216 chars)

   Well Kept Bungalow, Occupied By Same Owner For 50 Years. 2nd Floor Family Room. Newer Roof And Mechanical's. Handicap Accessible with Professionally Installed Wheelchair Lift. Owner Will Pay All Buyers Closing Costs.

8. 2016-12-06
   listed $39,900 Active 216-char remark

   Show marketing remark (216 chars)

   Well Kept Bungalow, Occupied By Same Owner For 50 Years. 2nd Floor Family Room. Newer Roof And Mechanical's. Handicap Accessible with Professionally Installed Wheelchair Lift. Owner Will Pay All Buyers Closing Costs.

ⓘ 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: $1,578 · $131/mo
• Projected year-2 tax: $1,578 · $131/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: $15,112
• − Mortgage interest: −$4,084
• − Property taxes: −$1,578
• − Insurance: −$364
• − Repairs & maintenance: −$1,209
• − Management: −$1,209
• − Depreciation: −$2,121
• Taxable income: $4,548
• Est. tax owed @ 24.0%: −$1,091
• After-tax cash flow: $4,317/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): 19,887
• Household income: $29,336
• Rent vs Own: 67.8% rent · 32.2% own
• Severe rent burden: 2061.0

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 (91%)
• Race & ethnicity: Black 91% Two or more races 3% White 3% Hispanic / Latino 3%
• Common ancestry: Norwegian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 2%

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: ▲ 133.03%
• Current HPI: 397.7151
• Rent YoY: ▲ 8.28%
• 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

+82.7% since first listed

8 events — show timeline

• 2026-05-06 Pending — METROMLS
• 2026-03-27 Price Changed $72,900 METROMLS
• 2026-02-17 Price Changed $74,900 METROMLS
• 2026-01-05 Listed $84,900 METROMLS
• 2017-06-02 Listing Removed — METROMLS
• 2017-04-19 Price Changed $249,000 METROMLS
• 2017-02-27 Price Changed $29,900 METROMLS
• 2016-12-06 Listed $39,900 METROMLS

Property tax history

+6.8%/yr

Latest (2024): $1,578 · -7.7% YoY. Source: county tax records.