Duplex with Egress
New
For Sale
$350,000
5500 41st Ave, Kenosha, WI 53144
Two separate units offer distinct bedroom and bath configurations for residential rental use.
Property Size2,573 SF
Price / SF$136.03
Days on Market3
Property Features for 5500 41st Ave
General Information
Standard status
Active
Size
2,573 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/2BA
Multifamily Units
2
Building Details
Year Built
1941
Listing Agency:
Assist 2 Sell Premium Choice Realty, LLC
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:30AM
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 Assist 2 Sell Premium Choice Realty, LLC
Investment Insights
Based on property information with market context.
This 2,573-square-foot duplex, built in 1941, contains two residential units. The upper apartment has two bedrooms and one full bath. An egress window in the lower unit supports a four-bedroom, two-full-bath rental configuration.
Key Highlights
- Two‑unit duplex with 2,573 square feet
- Upper apartment includes 2 bedrooms and 1 full bath
- Lower unit has a newly installed egress window
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,396
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,920
$507.9K
Cap Rate 7%
$362,800
$362.8K
Cap Rate 9%
$282,178
$282.2K
Market Conditions
NOI Build-Up for 2,573 SF
Gross rent
$38.6K $15.00/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$36.3K $14.10/SF
− OpEx
−$10.9K −$4.23/SF
NOI
$25.4K $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%
$507,920
Cap Rate 7%
$362,800
Cap Rate 9%
$282,178
Alternative Uses
Best Use
Multifamily LT 5
$362.8K
$317.5K – $423.3K
NOI $25,396 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$335.9K
$293.9K – $391.9K
NOI $23,515 @ 7.0% cap · market cap 6.72%
Theoretical Best
Warehouse
$3.00M
$2.62M – $3.49M
NOI $209,689 @ 7.0% cap · market cap 59.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 53144, WI
26,702
Population
10,731
Households
2.5
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
43.4 sq mi
ZIP Area
615
Density / Sq Mi
$71,111
Median Household Income
$42,017
Median Earnings
$1,136
Median Rent
$248,200
Median Home Value
Check the figures for this property
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 separate units offer distinct bedroom and bath configurations for residential rental use.
Where is this duplex located?
The property is located at 5500 41st Ave Kenosha, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,573 square feet; Upper apartment includes 2 bedrooms and 1 full bath; Lower unit has a newly installed egress window
