Bought with Steve Robe Elite Team*
$725,000
$750,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
1131 Erie STREET Racine, WI 53402
4,148 SqFt
Key Details
Sold Price $725,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,148 sqft
Price per Sqft $174
Municipality RACINE
Subdivision Lower First Ward
MLS Listing ID 1912708
Sold Date 08/26/25
Style Other
Year Built 1900
Annual Tax Amount $4,799
Tax Year 2023
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Other
Property Description
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.
Location
State WI
County Racine
Zoning R-3
Rooms
Basement Block, Full, Laundry Facilities, Walk Out/Outer Door
Interior
Heating Natural Gas
Equipment Seller Owned: Dryer, Seller Owned: Washer, Seller Owned: Water Heater
Exterior
Exterior Feature Aluminum/Steel, Aluminum, Brick/Stone, Brick
Parking Features None
Building
Story 1 - 2
Sewer Municipal Sewer, Municipal Water
Architectural Style Other
New Construction N
Schools
Elementary Schools Julian Thomas
Middle Schools Jerstad-Agerholm
School District Racine
Others
Special Listing Condition Arms Length
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