Centrally located property with 2 apartments up and 2 retail business spaces below. Potential income from all 4 in excess of $4700/month. Currently a barber shop and a beauty shop on first floor and 2 apartments on 2nd floor. Potential for retail business or insurance agency or ??? Roof is 2 years old with a 20-year transferrable warranty, materials and labor. Ample parking on side and rear of building. Show south side upper and lower immediately. North side upper and lower are occupied and require 24 hrs. notice. Lower left unit is vacant, listed MLS #1939695. Let the tenants pay the mortgage. POSITIVE CASH FLOW!$!$
Active
$419,900
1116 Grove AVENUE #1118, Racine, WI 53405
--beds
--baths
--sqft
Est.:
Multi Family, Apartment
Built in 1969
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 14 hours |
- 48 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: 16 hours ago
Listed by:
Darryl Heyden 414-651-7062,
Realty ONE Group Boardwalk
Source: WIREX MLS,MLS#: 1956721
Originating MLS: Metro MLS
Originating MLS: Metro MLSTour with a local agent
Facts & features
Interior
Heating
- Electric, Natural Gas, Central Air, Individual Heating Units
Cooling
- Central Air, Individual Heating Units, Wall/Sleeve Air
Appliances
- Included: Seller Leased: Dryer, Seller Leased: Washer, Dryer, Washer
Features
- Basement: None / Slab
- Has fireplace: No
Property
Parking
- Parking features: Outdoor Space, Inside Parking, Outside
Lot
- Size: 4,791.6 Square Feet
Details
- Parcel number: 12769000
- Zoning: mixed-use
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick/Stone, Brick, Aluminum Trim, Wood Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1969
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Racine
- Municipality: Racine
Financial & listing details
- Annual tax amount: $7,533
- Date on market: 4/8/2026
- Inclusions: In Both Upper Appts: Refrigerator, Oven/Range, Microwave. In 1118 1/2 Window A/C Unit, Bookshelves, Bar. In Both Lower Business Units, All Barbershop Equipment, Sinks, Chairs, Waiting Room Furniture.
- Exclusions: Seller's And Tenants' Personal Property
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 4/8/2026 | Listed for sale | $419,900 |
Source:  WIREX MLS #1956721 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.Monthly payment
Est. payment
$2,604/mo
Principal & interest
$2076
Property taxes
$528
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Climate risks
Neighborhood: 53405
Nearby schools
GreatSchools rating
- 5/10Fratt Elementary SchoolGrades: PK-5Distance: 0.3 mi
- NAMckinley Middle SchoolGrades: 6-8Distance: 0.5 mi
- 5/10Park High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- 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.
Local experts in 53405
- Wisconsin
- Racine County
- Racine
- 53405
- 1116 Grove AVENUE Unit 1118
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