Updated Duplex with Detached
For Sale
$215,000
2222 53rd St, Kenosha, WI 53140
Two-unit property with renovated exterior components, basement storage, off-street parking, and a fenced backyard.
Property Size1,572 SF
Price / SF$136.77
Days on Market51
Property Features for 2222 53rd St
General Information
Standard status
Active
Size
1,572 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$24,300
Amenities
full basement
fenced backyard
Building Details
Year Built
1908
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Marcia Abramowski · License #27916
(262) 210-0567
Source:
Tumpanelegacy
Added: Aug 25
Changed: Sep 14
Last Checked: Oct 7 at 5:25PM
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.
Built in 1908, this duplex contains 1,572 square feet with two residential units. Each unit provides two bedrooms, one bathroom, a kitchen, and a living room. Major improvements include a roof replacement completed in 2020, along with windows and siding updated approximately in 2017.
The property also includes a full basement for storage, a detached garage, and off-street parking. A fenced backyard adds private outdoor space to the property. The two-unit layout supports both owner-occupant and investor use.
The property also includes a full basement for storage, a detached garage, and off-street parking. A fenced backyard adds private outdoor space to the property. The two-unit layout supports both owner-occupant and investor use.
Key Highlights
- Two‑unit duplex with 1,572 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Roof replaced in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,516
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,320
$310.3K
Cap Rate 7%
$221,657
$221.7K
Cap Rate 9%
$172,400
$172.4K
Market Conditions
NOI Build-Up for 1,572 SF
Gross rent
$23.6K $15.00/SF
− Vacancy
−$1.4K −$0.90/SF
EGI
$22.2K $14.10/SF
− OpEx
−$6.6K −$4.23/SF
NOI
$15.5K $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%
$310,320
Cap Rate 7%
$221,657
Cap Rate 9%
$172,400
Alternative Uses
Best Use
Multifamily LT 5
$221.7K
$194.0K – $258.6K
NOI $15,516 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$205.2K
$179.6K – $239.5K
NOI $14,367 @ 7.0% cap · market cap 6.68%
Theoretical Best
Warehouse
$1.83M
$1.60M – $2.14M
NOI $128,112 @ 7.0% cap · market cap 59.59%
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
575
Businesses Nearby
Explore this area
Business Placement
Demographics for 53140, WI
30,571
Population
14,065
Households
2.2
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
7.9 sq mi
ZIP Area
3,870
Density / Sq Mi
$56,803
Median Household Income
$34,154
Median Earnings
$1,018
Median Rent
$191,400
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 property with renovated exterior components, basement storage, off-street parking, and a fenced backyard.
Where is this duplex located?
The property is located at 2222 53rd 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 1,572 square feet; Each unit includes 2 bedrooms and 1 bathroom; Roof replaced in 2020
