1131 Erie St Racine WI 53402-5141 $795,000

Property Description

1131 Erie St Racine WI 53402-5141 - 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.

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: $191
Zip Code: null

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