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$ 429,900
Est. payment | /mo
4,200 SqFt
$ 429,900
Est. payment | /mo
4,200 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $102
MLS Listing ID 1965738
Year Built 1880
Annual Tax Amount $8,246
Tax Year 2025
Lot Size 3,049 Sqft
Acres 0.07
Property Description
Five-unit Racine income property with the heavy lifting already done. Two 2-bedroom units and three 1-bedroom units, each with an eat-in kitchen, range, and refrigerator, The building has a documented long rental history and consistent occupancy. In-place rent is $4,425/mo ($53,100/yr).Recent capital work includes a newer roof (2019) and updated electrical service and wiring (2018), with semi-updated bathrooms and newer windows in select units. Vinyl exterior keeps ongoing maintenance light. Boiler heat, municipal water and sewer, and a full basement with laundry hookups.Located two blocks off Main Street and within blocks of Lake Michigan and the downtown Racine waterfront, with Highway 20 running west to I-94 toward the Milwaukee and Chicago markets.
Location
State WI
County Racine
Zoning R4
Rooms
Basement Full
Interior
Heating Electric
Cooling Hot Water/Steam
Inclusions 5 Refrigerators, 5 Ranges.
Equipment Seller Owned: Water Heater
Exterior
Exterior Feature Vinyl
Parking Features None
Building
Dwelling Type Apartment Building
Story 3 - 4
Sewer Municipal Sewer, Municipal Water
New Construction N
Schools
Elementary Schools Johnson
High Schools Case
School District Racine
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Listed by Hyperion Realty