Back on the Market! 11% Cap Rate Mixed Use Multi Family property in Racine, WI. The Unit mix is 15 Studio units, one-1 bedroom unit plus One-store front. Property offers a new elastomeric roof, new cast iron boilers replaced in 2019, tuck pointing completed in 2019, all 175-gallon stainless domestic system, all shower posi temps and drain sets replaced, masonry restored, new tile, baths restored, new intercom system, cabinets, appliances, light fixtures & ceiling fans, new wall & ceiling surfaces & flooring. Huge basement w/tenant storage, shop, new water heater.LAND CONTRACT TERMS: MINIMUM 40% DOWN, 6.5% INTEREST RATE ( NEGOTIABLE) 5 YEAR BALLOON NO PRE PAY.
Closed
$725,000
949 Washington Ave, Racine, WI 53403
--beds
--baths
--sqft
Multi Family, Apartment
Built in 1931
-- sqft lot
$517,400 Zestimate®
$--/sqft
$1,087 Estimated rent
Home value
$517,400
$450,000 - $600,000
$1,087/mo
Zestimate® history
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What's special
Zillow last checked: 10 hours ago
Listing updated: March 09, 2023 at 03:08am
Listed by:
Paul Proano 312-860-4043,
Coldwell Banker Realty
Bought with:
Thomas A Venable
Source: WIREX MLS,MLS#: 1809315
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Heating
- Natural Gas, Hot Water/Steam
Appliances
- Included: Seller Owned: Water Heater
Features
- Basement: Full,Concrete
- Has fireplace: No
Property
Parking
- Parking features: No Garage, Inside Parking, Outside
Lot
- Size: 4,356 sqft
Details
- Parcel number: 03698000
- Zoning: B3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick/Stone, Brick
Condition
- 21+ Years
- New construction: No
- Year built: 1931
Utilities & green energy
- Water: Public
Community & neighborhood
Location
- Region: Racine
- Municipality: Racine
Other
Other facts
- Listing terms: Contract,Owner May Carry
Price history
| Date | Event | Price |
|---|---|---|
| 3/9/2023 | Sold | $725,000+0% |
Source:  WIREX MLS #1809315 | ||
| 2/6/2023 | Pending sale | $724,999 |
Source: WIREX MLS #1809315 | ||
| 12/9/2022 | Listed for sale | $724,999 |
Source: WIREX MLS #1809315 | ||
| 11/16/2022 | Pending sale | $724,999 |
Source: WIREX MLS #1809315 | ||
| 11/15/2022 | Price change | $724,9990% |
Source: WIREX MLS #1809315 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,786 +20.6% | $439,000 +28% |
| 2023 | $8,942 +5% | $343,000 +5.2% |
| 2022 | $8,513 -10.9% | $326,000 |
Find assessor info on the county website
Neighborhood: Live Towerview
Nearby schools
GreatSchools rating
- NAJanes Elementary SchoolGrades: PK-5Distance: 1.2 mi
- NAWalden Iii Middle SchoolGrades: 6-8Distance: 0.2 mi
- 3/10Case High SchoolGrades: 9-12Distance: 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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Get a free Zillow Showcase℠ listing and you could sell for .
$517,400
2% more+ $10,348
With Zillow Showcase(estimated)
$527,748