5118 Graceland Blvd Racine, WI ^$ 449,000

5118 Graceland Blvd

^$ 449,000

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5118 Graceland Blvd

Racine, WI, 53406

^$ 449,000

Studio Baths0.0

Monthly Estimate*

^$ 2,765

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Studio

Lots and Land for sale in Racine, WI

for $449,000. The lot size is 1.87.

Amazing investment opportunity. 1.87 acre property that can have multi-unit dwellings built on. Currently has a home with a detached garage that is being rented for $1200 a month. Next to Graceland Arms Apartment Complex. Bring your creative investors!

Lots and Land Active

Price

^$ 449,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 4,400

Style

Lot Size

1.87

Town/City

Racine

County/Region

Racine

MLS | Web ID

1959441

Features

General

Road Frontage Town/City Road

Development Status Raw Land

Utilities Cable Available Electricity Available High Speed Internet Available Natural Gas Available Phone Available

Zoning Res

Topography Level

County Racine

Miscellaneous Near Public Transit

Present Use Residential

Property Type C

Location City

Municipality City

Tax Year 2025

Directions Ohio to Graceland and west to property at 5118 Graceland Boulevard.

High School Park

City Mount Pleasant

Taxes 4400.98

School District Racine Unified

Elementary School Goodland

Middle School Starbuck

Exterior

Flood Plan No

Water/Waste Available Sewer Water Municipal

* Excluded Features

List By

Shorewest Realtors, Inc.

Broker

jalgrim@shorewest.com

Affordability Calculator

$3,131

Per Month

Monthly Principal & Interest: $2,765
Monthly Property Taxes: $367
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Lots and land listings in Racine, WI

Average List Price ^$423,500

Percent of Sale Price 6%

About Racine, WI

78,520 Population

-4% Since 2002

^$42,953 Median Income

35.97 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

5454294 Elementary School

1166474 Middle School

Park High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/8/2026	$449,000	-9.29%	Price Down
4/24/2026	$495,000		Listed Price

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5118 Graceland Blvd, Racine, WI, 53406 is a Lots and Land for sale at $449,000 with a lot size of 1.87. 5118 Graceland Blvd is a studio with 0.0 baths. The property's zip code is 53406 which is in Racine, WI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

Information is supplied by seller and other third parties and has not been verified.

Listing data courtesy of the Internet Data Exchange (IDX) Program of the Metro Multiple Listing Service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/18/2026.

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5118 Graceland Blvd

Lots and Land for sale in Racine, WI

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