Homes for sale - 1131 Erie STREET, Racine, WI 53402

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Daniel Bertelson

info@commercialwisconsin.com +1(608) 218-4460

$ 750,000

Est. payment | -/mo

4,148 SqFt

Save

$ 750,000

Est. payment | -/mo

Save

4,148 SqFt

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,148 sqft

Price per Sqft $180

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 All fixtures and appliances

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

Listed by Coldwell Banker Realty

1131 Erie STREET Racine, WI 53402