18 unit apartment with underground parking. (16) 2BR and (2) 3BR units with updated finishes, LVP floors, newer kitchens & baths. Low maintenance brick building in a solid location near downtown. All units have sleeve AC's. Building has central boiler and water heater systems. First floor laundry room has coin operated washers and dryers that are included in the sale. Untapped potential with a 28 car underground parking garage that has been used for storage up until now. Building performing better than an 8 cap at acquisition w/ full occupancy and with below market rents can be performing at nearly a 10 cap in no time. Only a 1031 need could pry this from Seller's firm grasp and timing demands we make it juicy for you!
Closed
$1,425,000
1802 Grange AVENUE, Racine, WI 53403
--beds
--baths
--sqft
Multi Family, Apartment
Built in 1963
-- sqft lot
$1,286,900 Zestimate®
$--/sqft
$857 Estimated rent
Home value
$1,286,900
$1.12M - $1.48M
$857/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 12, 2024 at 03:09am
Listed by:
Segal Goldman Realty Group*,
RE/MAX Service First
Bought with:
Jatinder Mangat
Source: WIREX MLS,MLS#: 1880704
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Heating
- Natural Gas, Hot Water/Steam
Appliances
- Included: Seller Leased: Water Heater, Dryer, Washer
Features
- Basement: Full
- Has fireplace: No
Property
Parking
- Parking features: Underground Garage, Inside Parking, Outside
- Has garage: Yes
Lot
- Size: 0.48 Acres
Details
- Parcel number: 14972002
- Zoning: R4
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick/Stone, Brick
Condition
- 21+ Years
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Racine
- Municipality: Racine
Price history
| Date | Event | Price |
|---|---|---|
| 10/28/2025 | Sold | $1,425,000+18.6% |
Source: Public Record | ||
| 8/5/2024 | Sold | $1,201,012-6.9% |
Source:  WIREX MLS #1880704 | ||
| 6/29/2024 | Contingent | $1,290,000 |
Source: WIREX MLS #1880704 | ||
| 6/22/2024 | Listed for sale | $1,290,000+59.3% |
Source: WIREX MLS #1880704 | ||
| 12/27/2022 | Listing removed | -- |
Source: Zillow Rentals | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $25,725 +8.3% | $1,068,000 +14.2% |
| 2023 | $23,753 +14.3% | $935,000 +15% |
| 2022 | $20,788 -11.1% | $813,000 |
Find assessor info on the county website
Neighborhood: 53403
Nearby schools
GreatSchools rating
- 2/10Knapp Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 1/10Mitchell Elementary SchoolGrades: PK-8Distance: 0.6 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.
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$1,286,900
2% more+ $25,738
With Zillow Showcase(estimated)
$1,312,638