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Pending
  • Price cut: $45K (6/25)
    $750,000

    1131 Erie STREET, Racine, WI 53402

    --beds
    --baths
    --sqft
    : 
    Multi Family, Apartment
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Modern lightingStylish finishesNew roofsLg stainless steel appliancesLvp flooringOn-site laundry
    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.
    119 days
    on Zillow
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    97
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    0
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    Zillow last checked: 7 hours ago

    Listing updated: July 11, 2025 at 10:30am

    Listed by:

    Paul Proano 312-860-4043,

    Coldwell Banker Realty

    Source: WIREX MLS,MLS#: 1912708MLS LogoOriginating MLS: Metro MLS
    Travel times

    Facts & features

    Interior

    Heating
    • Natural Gas
    Appliances
    • Included: Dryer, Washer, Seller Owned: Water Heater
    Features
    • Basement: Block,Full,Laundry Facilities,Walk-Out Access
    • Has fireplace: No

    Property

    Parking
    • Parking features: No Garage, Inside Parking, Outside
    Lot
    • Size: 5,227.2 Square Feet
    Details
    • Parcel number: 02523000
    • Zoning: R-3

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family, Apartment
    Materials
    • Aluminum/Steel, Aluminum Siding, Brick/Stone, Brick
    Condition
    • 21+ Years
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Lower First Ward
    Location
    • Region: Racine
    • Municipality: Racine

    Financial & listing details

    • Annual tax amount: $4,799
    • Date on market: 4/7/2025
    • Listing agreement: Exclusive Agency
    • Inclusions: All Fixtures And Appliances
    • Exclusions: Tbd
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