Historic, Character Home
1926 Milwaukee Bungalow One Block from the Beerline Trail — $90,000
7
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 8 | 1920s bungalow, hardwood floors, built-in buffet, Beerline Trail one block away |
| Condition | 25% | 8 | Roof 2020, electrical 2016, water heater 2024 — specificity bonus; cosmetic baseline solid |
| Price / Sq Ft | 15% | 10 | $85/sqft vs $190 zip median — 55% below; thin 8-comp data but directionally strong |
| Price vs. Market | 5% | 10 | $90K vs $249,892 zip median — 64% below; median may reflect larger homes |
| Market Conditions | 5% | 6 | DOM 49 days, 32.4% price drops, 98.2% sale-to-list — mild buyer signals |
At $85 a square foot in a zip code where homes sell closer to $190, this one stops you. The median sale price in the area is around $250,000. This is $90,000. Some of that gap is explained by size — at 1,062 square feet, it runs smaller than the typical home pulling that median up. But not all of it.
The house is a 1926 bungalow on N 3rd Street, and it has the things a house like this should have: hardwood floors, a formal dining room with a built-in buffet, and the kind of layout where the rooms feel deliberate rather than chopped up. There are four bedrooms listed — two on the main floor, two upstairs — which is a lot to fit into 1,062 square feet, so expect them to run tight. The square footage and the bedroom count are worth reconciling before you visit.
What's already been handled: roof replaced in 2020, electrical updated in 2016, water heater replaced in 2024, and a new patio in 2025. That's not a complete renovation, but it covers the expensive, invisible stuff that kills deals on older homes. You'd be coming in with the mechanicals squared away and cosmetic work left to do — paint, fixtures, whatever the interior needs to feel current. That's the trade-off at this price.
One block from the Beerline Trail is worth saying plainly. The trail is a real amenity that people use, and being that close to it without paying for the address is part of what makes the price interesting.
The house has been sitting 49 days. About a third of listings in this market have taken price cuts. Neither of those facts should alarm you, but they do suggest there's room to ask questions and take your time. The condition looks solid for the age and price. The bones are there. What you put into it from here is up to you.
