Renovated, Garage, Income Potential, Historic
1900 Sherman Park Home, Renovated and Rented at $1,490 — $129,900
6
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 7 | 1900 build, 1,323 sqft, detached garage, Sherman Park, rental history noted |
| Condition | 25% | 7 | Named system updates — roof 2018, water heater 2019, floors/windows 2025; no HVAC date |
| Price / Sq Ft | 15% | 8 | Listing $98/sqft vs zip median $128/sqft — 23% below; 8 comps, directional |
| Price vs. Market | 5% | 6 | $129,900 vs $172,425 median — 25% below zip median |
| Market Conditions | 5% | 6 | DOM 50, sale-to-list 98%, price drops 29.9% — mild buyer advantage on drops |
At $98 per square foot, this house is priced 23% below the zip code median. In Milwaukee that gap is real money. The zip median sits around $128 per square foot and the neighborhood median sale price is closer to $172,000. This one is $129,900. That spread is the first thing worth understanding before you look at anything else.
The house is 125 years old, three bedrooms, one bath, 1,323 square feet, with a detached garage on a street in Sherman Park. The 1900 build means you get the things old Milwaukee houses tend to have: thick plaster walls, real wood floors, rooms with some weight to them. The 2025 work brought new flooring, paint, and upper floor windows. Roof was replaced in 2018, water heater in 2019. No date given on HVAC, which is the question you want answered before you close.
If you're buying this to live in, it's a three-bedroom house that has been recently refreshed and is ready to use. All appliances stay. The detached garage adds storage or a workspace. The bones of the house are old, which means it has history and probably some things to manage, but the major system updates at least cover the short list.
If you're buying it as a rental, the previous tenant was paying $1,490 a month. That's a data point, not a guarantee, but it tells you the house has been on the rental market and held a tenant at that rate. At $129,900 the math is worth running.
The honest downside: one bathroom for a three-bedroom house is tight, the HVAC situation is unconfirmed, and the property has been sitting for 50 days with about 30% of similar listings seeing price reductions in this market. Something slowed buyers down. Could be condition, could be the single bath, could be the neighborhood. You'd want to find out which one.
What the price makes possible is entry into a livable, freshly updated house at a number that leaves room for whatever comes next.
