Presenting 509 16th St: a new duplex investment property with 2 bedrooms and 1 bath per unit. After undergoing thorough cleaning and bio sweeping following fire and smoke damage, this property is ready for renovation. Each unit has the potential to generate an estimated $950 in monthly rental income. Don't miss out on this prime opportunity to rebuild and create a profitable rental property. An opportunity awaits at 509 16th St!
Closed
$100,000
509 16th STREET, Racine, WI 53403
4beds
2,200sqft
Multi Family, Duplex
Built in 1917
-- sqft lot
$150,600 Zestimate®
$45/sqft
$1,355 Estimated rent
Home value
$150,600
$128,000 - $173,000
$1,355/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 24, 2024 at 09:15am
Listed by:
Nathan Michalski,
Coldwell Banker Realty -Racine/Kenosha Office
Bought with:
Jose Luna
Source: WIREX MLS,MLS#: 1838838
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,200
- Total interior livable area: 2,200 sqft
Property
Parking
- Parking features: No Garage, 1 Space
Features
- Levels: Two
- Stories: 2
Lot
- Size: 2,613 sqft
Details
- Parcel number: 01272000
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Aluminum/Steel, Aluminum Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1917
Utilities & green energy
- Electric: 2 Electric Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: 2 Electric Meters, 2 Gas Meters
Community & neighborhood
Location
- Region: Racine
- Municipality: Racine
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2023 | Sold | $100,000+0.1%$45/sqft |
Source:  WIREX MLS #1838838 | ||
| 6/20/2023 | Contingent | $99,900$45/sqft |
Source: WIREX MLS #1838838 | ||
| 6/16/2023 | Listed for sale | $99,900-4.9%$45/sqft |
Source: WIREX MLS #1838838 | ||
| 8/25/2022 | Sold | $105,000-15.3%$48/sqft |
Source: WIREX MLS #1798529 | ||
| 8/23/2022 | Pending sale | $124,000$56/sqft |
Source: WIREX MLS #1798529 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,561 +0.9% | $100,000 +5.3% |
| 2023 | $2,539 +10.8% | $95,000 +10.5% |
| 2022 | $2,292 -6.5% | $86,000 +4.9% |
Find assessor info on the county website
Neighborhood: Live Towerview
Nearby schools
GreatSchools rating
- 2/10Johnson Elementary SchoolGrades: PK-5Distance: 2.4 mi
- NARacine Civil Leaders AcademyemyGrades: PK-7Distance: 0.3 mi
- 3/10Case High SchoolGrades: 9-12Distance: 4.4 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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$150,600
2% more+ $3,012
With Zillow Showcase(estimated)
$153,612