Fully Occupied 20-unit apartment investment opportunity at 3200 Indiana St in Racine. Built in 1979, the property consists of 20 one-bedroom units averaging approximately 700 SF. Eight units have been renovated within the past year with updated flooring, appliances, kitchens and bathrooms, along with improvements to the common areas. Current rents average $976/unit with pro forma rents of $1,125, providing a clear path for continued value-add through renovation and rent growth. Tenant-paid, separately metered electric, individual water heaters, wall-sleeve A/C and electric baseboard heat help maintain an efficient expense structure. Convenient location near shopping, Reservoir Park and Highway 11.
Active
$1,870,000
3200 Indiana St, Racine, WI 53405
20beds
700sqft
Apartment
Built in 1979
-- sqft lot
$1,763,700 Zestimate®
$2,671/sqft
$-- HOA
What's special
- --
- on Zillow
- 437
- views
- 48
- saves
Zillow last checked:
Listing updated:
Listed by:
Max Fiascone,
Apartment Cash Flow, Inc.
Source: SCWMLS,MLS#: 2032833
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 20
- Full bathrooms: 20
Heating
- Electric, Radiant
Features
- Basement: Sump Pump,Storage Space,Unfinished
Interior area
- Total structure area: 700
- Total interior livable area: 700 sqft
Property
Parking
- Total spaces: 25
- Parking features: Outside
- Details: Outside
Lot
- Size: 1.02 Acres
Details
- Parcel number: 276000024803003
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Brick
Condition
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Racine
Financial & listing details
- Price per square foot: $2,671/sqft
- Tax assessed value: $1,293,600
- Annual tax amount: $31,172
- Date on market: 9/16/2026
- Total actual rent: 11712
Estimated market value
$1,763,700
$1.68M - $1.85M
$1,471/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/16/2026 | Listed for sale | $1,870,000+96.8%$2,671/sqft |
Source: SCWMLS #2032833 Report a problem | ||
| 7/14/2025 | Sold | $950,000$1,357/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $31,172 +10.3% | $1,293,600 +10% |
| 2024 | $28,273 +7.7% | $1,176,000 +13.6% |
| 2023 | $26,240 +14.2% | $1,035,000 +15% |
| 2022 | $22,967 -1.2% | $900,000 +11.4% |
| 2021 | $23,237 -1.6% | $808,000 |
| 2020 | $23,607 +11.1% | $808,000 +6.6% |
| 2019 | $21,248 +1.4% | $758,000 +7.1% |
| 2018 | $20,957 -4.8% | $708,000 |
| 2017 | $22,009 -1.2% | $708,000 |
| 2016 | $22,270 | $708,000 |
| 2015 | $22,270 | $708,000 |
| 2014 | $22,270 | $708,000 -3.4% |
| 2013 | $22,270 | $733,000 |
Find assessor info on the county website
Monthly payment
Est. payment
