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
$740,400 Zestimate®
$--/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 03, 2025 at 09:01am
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
Facts & 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 sqft
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 & neighborhood
Location
- Region: Racine
- Subdivision: Lower First Ward
- Municipality: Racine
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$740,400
2% more+$14,808
With Zillow Showcase(estimated)$755,208