WI > Racine > Lower First Ward
Racine, WI 53402,1131 Erie STREET
Racine, WI 53402,1131 Erie STREET
Racine, WI 53402,1131 Erie STREET
Racine, WI 53402,1131 Erie STREET
Racine, WI 53402,1131 Erie STREET
Racine, WI 53402,1131 Erie STREET
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Daniel Bertelson

Daniel Bertelson

RE/MAX Preferred Commercial

+1(608) 218-4460
$ 1,000,000
Est. payment | /mo

4,148 SqFt

Save
$ 1,000,000
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 $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

Copyright 2025 WIREX - All Rights Reserved
Listed by Coldwell Banker Realty
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+1(608) 218-4460

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5320 Monona Drive, Monona, WI, 53716, United States

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1131 Erie STREET