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.
Closed
$725,000
1131 Erie STREET, Racine, WI 53402
--beds
--baths
--sqft
Multi Family, Apartment
Built in 1900
-- sqft lot
$775,200 Zestimate®
$--/sqft
$1,228 Estimated rent
Home value
$775,200
$698,000 - $860,000
$1,228/mo
Zestimate® history
Owner options
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$1,228/mo
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$4,832/mo
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$4,832/mo
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List your homeWhat's special
Modern lightingStylish finishesNew roofsLg stainless steel appliancesLvp flooringOn-site laundry
Zillow last checked:
Listing updated:
Listed by:
Paul Proano 312-860-4043,
Coldwell Banker Realty
Bought with:
Steve Robe Elite Team*
Source: WIREX MLS,MLS#: 1912708
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & 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 Square Feet
Details
- Parcel number: 02523000
- Zoning: R-3
- Special conditions: Arms Length
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
- Inclusions: All Fixtures And Appliances
- Exclusions: Tbd
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2025 | Sold | $725,000-3.3% |
Source:  WIREX MLS #1912708 Report a problem | ||
| 7/11/2025 | Pending sale | $750,000 |
Source: WIREX MLS #1912708 Report a problem | ||
| 6/25/2025 | Price change | $750,000-5.7% |
Source: WIREX MLS #1912708 Report a problem | ||
| 6/5/2025 | Price change | $795,000-6.5% |
Source: WIREX MLS #1912708 Report a problem | ||
| 5/14/2025 | Price change | $850,000-5% |
Source: WIREX MLS #1912708 Report a problem | ||
| 4/23/2025 | Price change | $895,000-10.5% |
Source: WIREX MLS #1912708 Report a problem | ||
| 4/7/2025 | Listed for sale | $1,000,000 |
Source: WIREX MLS #1912708 Report a problem | ||
| 11/23/2024 | Listing removed | $1,100 |
Source: Zillow Rentals Report a problem | ||
| 10/25/2024 | Listed for rent | $1,100 |
Source: Zillow Rentals Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 53402
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Nearby schools
GreatSchools rating
- NAJanes Elementary SchoolGrades: PK-5Distance: 0.3 mi
- NAWalden Iii Middle SchoolGrades: 6-8Distance: 1 mi
- 3/10Horlick High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Julian Thomas
- Middle: Jerstad-Agerholm
- 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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Estimated market value
$775,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$775,200
- Wisconsin
- Racine County
- Racine
- 53402
- 1131 Erie STREET
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