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.
For sale
Price cut: $105K (4/23)
$895,000
1131 Erie STREET, Racine, WI 53402
--beds
--baths
--sqft
Est.:
Multi Family, Apartment
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Modern lightingStylish finishesNew roofsLg stainless steel appliancesLvp flooringOn-site laundry
- 18 days
- on Zillow |
- 460 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: April 24, 2025 at 01:48am
Listed by:
Paul Proano 312-860-4043,
Coldwell Banker Realty
Source: WIREX MLS,MLS#: 1912708
Originating MLS: Metro MLS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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: 5,227.2 Square Feet
Details
- Parcel number: 02523000
- Zoning: R-3
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 & HOA
Community
- Subdivision: Lower First Ward
Location
- Region: Racine
- Municipality: Racine
Financial & listing details
- Annual tax amount: $4,799
- Date on market: 4/7/2025
- Inclusions: Tbd
- Exclusions: Tbd
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