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5400 N 53rd STREET #5402, Milwaukee, WI, 53218

6beds
2baths
968sqft
$230,000
$238price/sqft
$1,874/moest. monthly cost
$74,960/yrincome needed

About This Home

Opportunity awaits with this recently updated duplex offering the perfect blend of immediate income and owner-occupant flexibility. The lower unit is currently leased at $1,377/month, providing instant cash flow, while the vacant upper unit is rent-ready--ideal for an owner looking to house hack or an investor seeking to maximize rental income.Both units offer spacious layouts with generous living areas and functional floor plans that appeal to today's tenants. Outside, you'll find a 2-car detached garage.Whether you're looking to offset your mortgage by living in one unit or add a turnkey investment to your portfolio, this property is a fantastic opportunity with strong income potential and minimal work needed.

Getting Around

61
WalkingSomewhat Walkable
48
TransitSome Transit
58
BikeBikeable

Schools

3/10
6/10
Craig Montessori SchoolGrades PK-82.0 mi
2/10

Construction

Condition

  • Property condition: 21+ Years
  • Year built: 1956

Materials

  • Construction materials: Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Duplex

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 2
  • Full bathrooms: 2

Interior Area

  • Total structure area: 968
  • Total interior livable area: 968 sqft

Property

Details

  • Parcel number: 1909898000
  • Zoning: RS6
  • Exclusions: Tenant's Personal Property

Features

  • Levels: Two
  • Stories: 2
  • Living area range: 751-1000

Lot

  • Lot size: 6,534 sqft

Parking

  • Total spaces: 2
  • Parking features: Detached,2 Car
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Inland Flooding
Tornado
Winter Weather
Tsunami

FEMA Declared Disasters Across Wisconsin Counties

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,163$13,956
Home Insurance *$192$2,304
Property Taxes $348$4,176
Electricity $171$2,054
Total$1,874$22,488
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$64,251/yr
40% on housing$56,220/yr
45% on housing$49,973/yr

Wisconsin FAIR Plan Programs

Wisconsin Insurance Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 5,246Commercial: 198
Total Premiums$4.55M
Total Exposure$860.28M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.4%
10.4%
0%30.0%
Electricity Growth Rate10-year average: 3.6%
3.6%
0%15.0%
Property Taxes Growth Rate2-year average: -2.2%
-2.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$238This listing

vs Other Active Listings

Avg $/sqft

ZIP 53218$91
Milwaukee County$147

vs Homes Sold Last Month

Median $/sqft

ZIP 53218$141
Milwaukee County$187

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-29Price change$230,000
2026-07-09Listed for sale$240,000
2024-08-15Sold$211,000
2024-07-12Pending sale$235,000
2024-06-26Price change$235,000
2024-06-07Listed for sale$245,000
2022-06-17Listing removed--
2022-01-18Price change$135,900
2021-12-27Listed for sale$145,000
2016-04-19Listing removed$5,050
2016-02-20Listed for sale$5,050
2015-08-18Listing removed$12,000
2015-08-11Listed for sale$12,000

For Sale by Agent

AgentHorizon Homes Group*
BrokerageCompass RE WI-Northshore

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