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1131 Erie St, Racine, WI 53402 $850,000
Features of 1131 Erie St, Racine, WI 53402
WI > Racine > Racine > 1131 Erie St
- Multi-Family
- Status: Active
- Total Number of Units: 7
- Unit Type 1 # of Units: 4
- Unit Type 1 Avg Rent: $1,200
- Unit Type 2 # of Units: 3
- Unit Type 2 Avg Rent: $883
- Est. Square Footage: 4,148
- Est. Year Built: 1900
- Est. Acreage: 0.12
- Subdivision: Lower First Ward
- School District: Racine
- County: Racine
- Property Taxes: $4,799
- Property Tax Year: 2023
- Postal Municipality: Racine
- MLS#: 1912708
- Listing Company: Coldwell Banker Realty
- Price/SqFt: $204
- Zip Code: 53402
Property Description for 1131 Erie St, Racine, WI 53402
1131 Erie St, Racine, WI 53402 - 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.
Basement
- Block, Full, Laundry Facilities, Walk Out/Outer Door
Interior Features
- Heating/Cooling: Natural Gas
- Water Waste: Municipal Sewer, Municipal Water
- Inclusions: TBD
Building and Construction
- Apartment Building, Other
Land Features
- Waterfront/Access: N
| MLS Number | New Status | Previous Status | Activity Date | New List Price | Previous List Price | Sold Price | DOM |
| 1912708 | May 14 2025 6:06PM | $850,000 | $895,000 | 39 | |||
| 1912708 | Apr 22 2025 8:56PM | $895,000 | $1,000,000 | 39 | |||
| 1912708 | Active | Apr 7 2025 8:36AM | $1,000,000 | 39 |
Frequently Asked Questions
Contact Shorewest
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Community Homes Near 1131 Erie St
| Racine Real Estate | 53402 Real Estate |
|---|---|
| Racine Vacant Land Real Estate | 53402 Vacant Land Real Estate |
| Racine Foreclosures | 53402 Foreclosures |
| Racine Single-Family Homes | 53402 Single-Family Homes |
| Racine Condominiums |
The information which is contained on pages with property data is obtained from a number of different sources and which has not been independently verified or confirmed by the various real estate brokers and agents who have been and are involved in this transaction. If any particular measurement or data element is important or material to buyer, Buyer assumes all responsibility and liability to research, verify and confirm said data element and measurement. Shorewest Realtors is not making any warranties or representations concerning any of these properties. Shorewest Realtors shall not be held responsible for any discrepancy and will not be liable for any damages of any kind arising from the use of this site.
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