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1639 Douglas Ave Racine, WI $ 1,295,000
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$ 1,295,000 Get more info
1639 Douglas Ave
$ 1,295,000
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1639 Douglas Ave

Racine, WI, 53404
$ 1,295,000
Bedrooms3 Baths0.0 Sq 3,002

Monthly Estimate*

$ 8,079

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Multi-Family Home for sale in Racine, WI

for $1,295,000 with 3 bedrooms. This 3,002 square foot home was built in 1928 on a lot size of 0.4.

Stabilized 34-Unit (Multifamily + Commercial) with New Roof & Proven Cash Flow. Smart investors: welcome to 1639 Douglas Ave, Racine, WI--a stabilized and cash-flowing multifamily investment with immediate income and long-term upside. This 34-unit property (plus rentable commercial suite) has maintained consistently strong occupancy, & offers future rent growth potential through light operational improvements. 32 Residential units + 2 Commercial units (one is management office). New roof 2023 - major capex item off the table. Monthly gross rent: $17,700 & room to grow. Professional management willing to stay on for seamless transition.

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Multi-Family Active

Price

$ 1,295,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 18,577

Style

Apartment Building

Lot Size

0.4

Year Built

1928

Town/City

Racine

County/Region

Racine

MLS | Web ID

1930004
Features
Interior
Basement Partial
Total Number of Units 34
Heating/Cooling Electric Indiv. Heating Units
Stories 1-2 Stories
Type 1 Units 30.00
Type 2 Units 1.00
Type 3 Units 1.00
Type 4 Units 2.00
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Exterior
Exterior Brick Stucco Wood
Flood Plan No
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General
Zoning B-2 mixed use
Year Built 1928
County Racine
Type Apartment Building
Property Type D
Municipality City
Tax Year 2024
Garage/Parking Outdoor Space
Directions 3 Mile Rd to Douglas Ave south to Property. Or Sheridan Rd north through downtown Racine to State St. West on State to Douglas. North to Property
City Racine
Taxes 18577.00
School District Racine Unified
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* Excluded Features
List By
Smart Asset Realty Inc

Broker

geoff@smartassetcapital.com

Email

Affordability Calculator

$9,627
Per Month
84%
16%
0%
Monthly Principal & Interest
$8,079
Monthly Property Taxes
$1,548
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1167957 Elementary School
1167829 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
8/6/2025$1,295,000 Listed Price

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1639 Douglas Ave, Racine, WI, 53404 is a Multi-Family Home for sale at $1,295,000 with 3,002 sqft and a lot size of 0.4. 1639 Douglas Ave has 3 bedrooms, 0.0 baths, and was built in 1928. The property's zip code is 53404 which is in Racine, WI

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