3200 Indiana Street, Racine, WI 53405

Racine
Local realty services provided by:Better Homes and Gardens Real Estate Special Properties
3200 Indiana Street,Racine, WI 53405
$1,870,000
  • 20 Beds
  • 20 Baths
  • 700 sq. ft.
  • Multi-family
  • Pending
Listed by: max fiascone
Office: apartment cash flow, inc.
MLS#:2032833
Source:WIREX Via South Central Wisconsin MLS

Price summary

  • Price:$1,870,000
  • Price per sq. ft.:$2,671.43

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:57 day(s) ago
  • Updated:November 13, 2026 at 12:59 PM

Rooms and interior

  • Bedrooms:20
  • Total bathrooms:20
  • Full bathrooms:20
  • Living area:700 sq. ft.

Heating and cooling

  • Heating:Electric, Radiant/Electric

Structure and exterior

  • Year built:1979
  • Building area:700 sq. ft.
  • 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
  • Price per sq. ft.:$2,671.43
  • Tax amount:$31,172 (2025)

Parking

  • Parking description:Outside
2026 Wisconsin Real Estate Exchange (WIREX) Information deemed reliable, but not guaranteed. This information, provided by seller, listing broker, and other parties, may not have been verified. Information is provided exclusively for consumers personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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