Investment opportunity! This two-family home is ideally situated just minutes from downtown Racine and a short walk to the beautiful shores of Lake Michigan. Currently generating $2,300 per month in rental income, this property is perfect for investors seeking strong cash flow or homeowners looking to offset their mortgage with rental income. Lower lease is month to month, and upper leased until 2/28/26. Each unit offers spacious living areas, with separate entrances and tenant paid utilities. A new roof installed in 2024, with a 15 year warranty, provides peace of mind. Tenants enjoy close proximity to local shops, restaurants, and public transportation, making this a desirable rental location.
Closed
$205,000
1217 Erie STREET, Racine, WI 53402
6beds
--sqft
Multi Family, Duplex
Built in 1893
-- sqft lot
$206,500 Zestimate®
$--/sqft
$1,083 Estimated rent
Home value
$206,500
$186,000 - $229,000
$1,083/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 16, 2025 at 03:11am
Listed by:
Megan Koehler-Cruz 262-664-1787,
Epique Realty
Bought with:
Theresa A Borkowski
Source: WIREX MLS,MLS#: 1932279
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Features
- Basement: Full
- Has fireplace: No
Interior area
- Living area range: Not Available Square Feet
Property
Parking
- Total spaces: 2
- Parking features: Detached, 2 Car
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,662 sqft
Details
- Parcel number: 02412000
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Aluminum/Steel, Aluminum Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1893
Utilities & green energy
- Electric: 2 Electric Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: 2 Electric Meters, 2 Gas Meters
Community & neighborhood
Location
- Region: Racine
- Municipality: Racine
Price history
| Date | Event | Price |
|---|---|---|
| 12/15/2025 | Sold | $205,000-1.2% |
Source:  WIREX MLS #1932279 Report a problem | ||
| 11/25/2025 | Pending sale | $207,500 |
Source: WIREX MLS #1932279 Report a problem | ||
| 11/7/2025 | Contingent | $207,500 |
Source: WIREX MLS #1932279 Report a problem | ||
| 10/21/2025 | Price change | $207,500-1.2% |
Source: WIREX MLS #1932279 Report a problem | ||
| 9/15/2025 | Price change | $210,000-2.3% |
Source: WIREX MLS #1932279 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,264 +23.7% | $108,600 +9.7% |
| 2023 | $2,638 -3.1% | $99,000 |
| 2022 | $2,722 -4.3% | $99,000 +10% |
Find assessor info on the county website
Neighborhood: 53402
Nearby schools
GreatSchools rating
- NAJanes Elementary SchoolGrades: PK-5Distance: 0.2 mi
- NAWalden Iii Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Horlick High SchoolGrades: 9-12Distance: 1.4 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.
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$206,500
2% more+ $4,130
With Zillow Showcase(estimated)
$210,630