1131 Erie STREET Active Save Request In-Person Tour Request Virtual Tour
Racine,WI 53402
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,148 sqft
Price per Sqft $241
Subdivision Lower First Ward
MLS Listing ID 1912708
Style Other
Year Built 1900
Annual Tax Amount $4,799
Tax Year 2023
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Other
Property Description
Exceptional opportunity to acquire a fully renovated, cash-flowing 7-unit multi-family in vibrant Downtown Racine. This turnkey property spans two buildings on one parcel and includes four 2-bed/1-bath and three 1-bed/1-bath units. Each unit has been gut-renovated with LVP flooring, LG stainless steel appliances, modern lighting, and stylish finishes. Major upgrades include new roofs, siding, windows, porches, and updated mechanicals. Amenities include a full basement with tenant storage and on-site laundry. Ideal for investors seeking a low-maintenance, stabilized asset with strong income potential and long-term upside.
Location
State WI
County Racine
Zoning R-3
Rooms
Basement Block,Full,Laundry Facilities,Walk Out/Outer Door
Interior
Heating Natural Gas
Inclusions TBD
Equipment Seller Owned: Dryer,Seller Owned: Washer,Seller Owned: Water Heater
Exterior
Exterior Feature Aluminum/Steel,Aluminum,Brick/Stone,Brick
Parking Features None
Building
Dwelling Type Apartment Building
Sewer Municipal Sewer,Municipal Water
New Construction N
Schools
Elementary Schools Julian Thomas
Middle Schools Jerstad-Agerholm
School District Racine