3200 Indiana Street, Racine, WI 53405

Racine
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
Listed by: max fiascone
Office: apartment cash flow, inc.
MLS#:2032833
Source:Metro MLS
3200 Indiana Street,Racine, WI 53405
$1,870,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,870,000

About this home

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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Home facts

  • Year built:1979
  • Listing ID #:2032833
  • Added:11 day(s) ago
  • Updated:September 28, 2026 at 04:03 PM

Rooms and interior

  • Basement Description:Sump Pump

Heating and cooling

  • Heating:Electric, Radiant/Electric

Structure and exterior

  • Year built:1979
  • Lot area:1.02 Acres
  • Construction Materials:Brick

Schools

  • High school:Not Assigned
  • Middle school:Not Assigned
  • Elementary school:Not Assigned

Utilities

  • Water:Municipal Water
  • Sewer:Municipal Sewer

Finances and disclosures

  • Price:$1,870,000
  • Tax amount:$31,172 (2025)

Parking

  • Parking description:Outside
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