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3200 Indiana Street Racine, WI $ 1,870,000
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3200 Indiana Street
$ 1,870,000
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3200 Indiana Street

Racine, WI, 53405
$ 1,870,000
Bedrooms20 Baths20.0 Sq 700

Monthly Estimate*

$ 11,807

Listed by Apartment Cash Flow, Inc.
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Multi-Family Home for sale in Racine, WI

for $1,870,000 with 20 bedrooms and 20 full baths. This 700 square foot home was built in 1979 on a lot size of 1.02.

Fully Occupied 20-unit apartment investment opportunity at 3200 Indiana St in Racine. Built in 1979, the property consists of 20 one-bedroom units averaging approximately 700 SF. Eight units have been renovated within the past year with updated flooring, appliances, kitchens and bathrooms, along with improvements to the common areas. Current rents average $976/unit with pro forma rents of $1,125, providing a clear path for continued value-add through renovation and rent growth. Tenant-paid, separately metered electric, individual water heaters, wall-sleeve A/C and electric baseboard heat help maintain an efficient expense structure. Convenient location near shopping, Reservoir Park and Highway 11.

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Multi-Family Active

Price

$ 1,870,000

Bedrooms

20

Full Bath

20

Property Type

Multi-Family

Taxes

$ 31,172

Style

Lot Size

1.02

Year Built

1979

Town/City

Racine

County/Region

Racine

MLS | Web ID

2032833
Features
Interior
Heating Type Radiant
Basement Storage area Sump pump Unfinished
Total Number of Units 20
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General
Total Expenses 80061
Heating Electric
Zoning R3
School District Unknown
County Racine
Class Multi Family
Net Income 143379
Tax Year 2025
Status Active
Status Detail 0
Year Built 1979
Directions From Hwy 11/Durand Ave south on Indiana St to 3200 Indiana St.
High School Not Assigned
City Racine
Elementary School Not Assigned
Middle School Not Assigned
DOM 8
County Qtr Section Other in Wisconsin
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Exterior
Exterior Brick
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* Excluded Features
List By
Apartment Cash Flow, Inc.

Broker

(414) 250-8132

Phone

max@multifamily-max.com

Email

Affordability Calculator

$14,405
Per Month
82%
18%
0%
Monthly Principal & Interest
$11,807
Monthly Property Taxes
$2,598
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
5271894 Elementary School
5271895 Middle School
Not Assigned High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/16/2026$1,870,000 Listed Price

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3200 Indiana Street, Racine, WI, 53405 is a Multi-Family Home for sale at $1,870,000 with 700 sqft and a lot size of 1.02. 3200 Indiana Street has 20 bedrooms, 20.0 baths, and was built in 1979. The property's zip code is 53405 which is in Racine, WI

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