This property offers a fantastic opportunity for investors looking to add value through renovation. Originally a single-family, Its spacious units and classic architectural details provide a solid foundation for transformation. Newer mechanicals, updated electrical, roof, siding, windows, and gutter replacement within the past 10 years make this property a blank slate for any investor. Although Unit#1 is listed as a one-bedroom, there is a den/office that the previous owners used as a bedroom. Unit#2's living room with closet could be a 3rd bedroom. 1.5 garage w/additional driveway parking makes this an ideal property for tenants. While it requires some rehab work, the potential for increased rental income and property value is significant. Value-priced for a quick sale!
Closed
$60,000
1028 Pearl STREET, Racine, WI 53403
3beds
1,825sqft
Multi Family, Duplex
Built in 1874
-- sqft lot
$63,300 Zestimate®
$33/sqft
$1,311 Estimated rent
Home value
$63,300
$55,000 - $73,000
$1,311/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 10, 2025 at 08:42am
Listed by:
Three60 Real Estate Solutions Team* 414-559-2181,
Compass RE WI-Northshore
Bought with:
Andrew Hay
Source: WIREX MLS,MLS#: 1899911
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,825
- Total interior livable area: 1,825 sqft
Property
Parking
- Total spaces: 1.5
- Parking features: Detached, 1 Car, 1 Space
- Garage spaces: 1.5
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,791 sqft
Details
- Parcel number: 03815000
- Zoning: R3
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Other, Vinyl Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1874
Utilities & green energy
- Electric: 2 Electric Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: 2 Electric Meters, 1 Gas Meter
Community & neighborhood
Location
- Region: Racine
- Municipality: Racine
Price history
| Date | Event | Price |
|---|---|---|
| 1/10/2025 | Sold | $60,000-24.1%$33/sqft |
Source:  WIREX MLS #1899911 | ||
| 12/16/2024 | Contingent | $79,000$43/sqft |
Source: WIREX MLS #1899911 | ||
| 12/11/2024 | Price change | $79,000-7.1%$43/sqft |
Source: WIREX MLS #1899911 | ||
| 12/2/2024 | Listed for sale | $85,000$47/sqft |
Source: WIREX MLS #1899911 | ||
| 12/1/2024 | Contingent | $85,000$47/sqft |
Source: WIREX MLS #1899911 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,777 +8.3% | $76,200 +8.9% |
| 2023 | $1,642 +7.8% | $70,000 +9.4% |
| 2022 | $1,522 -0.2% | $64,000 +10.3% |
Find assessor info on the county website
Neighborhood: 53403
Nearby schools
GreatSchools rating
- NAJanes Elementary SchoolGrades: PK-5Distance: 1.4 mi
- NAWalden Iii Middle SchoolGrades: 6-8Distance: 0.3 mi
- 3/10Case High SchoolGrades: 9-12Distance: 3.9 mi
Schools provided by the listing agent
- Elementary: Janes
- Middle: Mitchell
- High: Case
- District: Racine
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$63,300
2% more+ $1,266
With Zillow Showcase(estimated)
$64,566