Duplex with Refreshed
For Sale
$215,000
1506 68th St, Kenosha, WI 53143
Two-unit residential property with driveway parking and recent exterior porch improvements in Kenosha.
Property Size1,536 SF
Price / SF$139.97
Days on Market93
Property Features for 1506 68th St
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$22,800
Public Transit
Yes
Building Details
Year Built
1916
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Marcia Abramowski · License #27916
(262) 210-0567
Source:
Jwregwi
Added: Jul 14
Changed: Oct 9
Last Checked: Oct 7 at 1:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1,536-square-foot duplex, built in 1916, contains two residential units with matching layouts of 2 bedrooms and 1 bathroom each. The property includes driveway parking and several recent porch improvements, including a new flat roof, new fascia and soffit, and fresh paint.
Located in Kenosha, the property sits near shopping, dining, and public transportation. Its two-unit configuration supports both rental and owner-occupant use, with each residence offering a practical two-bedroom layout.
Located in Kenosha, the property sits near shopping, dining, and public transportation. Its two-unit configuration supports both rental and owner-occupant use, with each residence offering a practical two-bedroom layout.
Key Highlights
- Two‑unit duplex with 1,536 square feet
- Both units feature 2 bedrooms and 1 bathroom
- Built in 1916
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,160
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,200
$303.2K
Cap Rate 7%
$216,571
$216.6K
Cap Rate 9%
$168,444
$168.4K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$23.0K $15.00/SF
− Vacancy
−$1.4K −$0.90/SF
EGI
$21.7K $14.10/SF
− OpEx
−$6.5K −$4.23/SF
NOI
$15.2K $9.87/SF
Area
Kenosha County, WI
Vacancy
6.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,200
Cap Rate 7%
$216,571
Cap Rate 9%
$168,444
Alternative Uses
Best Use
Multifamily LT 5
$216.6K
$189.5K – $252.7K
NOI $15,160 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$200.5K
$175.5K – $234.0K
NOI $14,038 @ 7.0% cap · market cap 6.53%
Theoretical Best
Warehouse
$1.79M
$1.56M – $2.09M
NOI $125,178 @ 7.0% cap · market cap 58.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
Explore this area
Business Placement
Demographics for 53143, WI
22,702
Population
9,118
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
87%
High-School Grad
4.1 sq mi
ZIP Area
5,537
Density / Sq Mi
$67,105
Median Household Income
$40,276
Median Earnings
$1,157
Median Rent
$186,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with driveway parking and recent exterior porch improvements in Kenosha.
Where is this duplex located?
The property is located at 1506 68th St Kenosha, WI.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,536 square feet; Both units feature 2 bedrooms and 1 bathroom; Built in 1916
