Active

$299,000

1027 Albert STREET, Racine, WI 53404

--beds

--baths

--sqft

$2,304/mo

Get pre-qualified

Multi Family

Built in 1890

-- sqft lot

$286,300 Zestimate^®

$--/sqft

$-- HOA

What's special

Tenant storage

Excellent investment opportunity! This three-unit property features two 3-bedroom units and one 2-bedroom unit. Units 2 and 3 recently remodeled; Unit 2 vacant and ready to rent or owner-occupy. Current rental income of $2,335/month from two occupied units, with projected rents of $3,570/month ($42,840/year) at full occupancy. Rentometer area market averages total $4,489/month based on bedroom counts. Tenants pay gas and electric. Basement offers coin-operated laundry (2 washers, 2 dryers) and tenant storage. Major updates include all three furnaces (2025-26), three landlord-owned refrigerators (2026), two stoves (2024-26), roof (2019), water heaters (2018-20), and exterior grading (2025). Great opportunity for investors or owner-occupants!

73 days
162
18

Facts & features

Interior

Heating

Natural Gas

Appliances

Included: Dryer, Washer, Seller Owned: Water Heater

Features

Basement: Full,Laundry Facilities
Has fireplace: No

Property

Parking

Parking features: No Garage, Inside Parking, Outside

Lot

Size: 3,049 Square Feet

Details

Parcel number: 02147000
Zoning: R3

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Aluminum/Steel, Aluminum Siding

Condition

21+ Years
New construction: No
Year built: 1890

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Racine
Municipality: Racine

Financial & listing details

Tax assessed value: $196,600
Annual tax amount: $4,655
Date on market: 8/12/2026
Inclusions: 3 Ovens And Refrigerators . 2 Coin Operated Washers And Dryers
Exclusions: Tenants Personal Property

Estimated market value

$286,300

$272,000 - $301,000

$1,566/mo

Price history

Date	Event	Price
8/12/2026	Listed for sale	$299,000+30%
Source: WIREX MLS #1975799 Report a problem
8/1/2024	Sold	$230,000+2.2%
Source: WIREX MLS #1882004 Report a problem
7/8/2024	Pending sale	$225,000
Source: WIREX MLS #1882004 Report a problem
7/2/2024	Listed for sale	$225,000+18.5%
Source: WIREX MLS #1882004 Report a problem
12/15/2023	Listing removed	--
Source: WIREX MLS #1847647 Report a problem
11/12/2023	Price change	$189,900-4.6%
Source: WIREX MLS #1847647 Report a problem
8/23/2023	Listed for sale	$199,000+36.3%
Source: WIREX MLS #1847647 Report a problem
11/4/2005	Sold	$146,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,282 +9.9%	$196,600 +10.5%
2024	$4,806 +5.1%	$177,900 +10.5%
2023	$4,571 +10.1%	$161,000 +10.3%
2022	$4,152 -2.3%	$146,000 +9.8%
2021	$4,250 +9.4%	$133,000
2020	$3,886 -25.4%	$133,000 +3.9%
2019	$5,210 +7.9%	$128,000 +8.5%
2018	$4,828 +23.5%	$118,000
2017	$3,908 -29.9%	$118,000 +5.4%
2016	$5,575	$112,000
2015	$5,575	$112,000
2014	$5,575	$112,000 -5.1%
2013	$5,575 +5.4%	$118,000 -7.8%
2012	$5,288 +15.7%	$128,000 -8.6%
2011	$4,570 -7.7%	$140,000 -4.1%
2010	$4,950 -1.4%	$146,000
2009	$5,022 +46%	$146,000
2008	$3,439 -29.7%	$146,000
2007	$4,892 +30.6%	$146,000 +5%
2006	$3,747 +60.5%	$139,000 +40.4%
2005	$2,334 -0.6%	$99,000 +5.3%
2004	$2,348 +67.9%	$94,000 +88%
2003	$1,399 +13.1%	$50,000
2002	$1,236 -0.3%	$50,000 +6.4%
2001	$1,240 +2.2%	$47,000 +4.4%
2000	$1,213	$45,000