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Great fully occupied investment opportunity. Beautiful Brick Building with 5 very unique units. Only blocks away from Lake Michigan, Downtown, and Gateway Technical College. This property offers one large 3/4-bedroom unit, and four one-bedroom units, along with a detached garage. All units include stove and refrigerator. Current rents total $4725/mo. Coin operated washer and dryer in basement for tenant convenance. There is also potential for a large storage/rental area in the basement. Owner is also including 2 vacant lots in this sale. Both lots are in Racine. 256 N.Memorial Dr & 1707 Spring Pl. 1707 is .21 acres, backs up to Root River and is suitable for a single or 2 family home. Memorial is .07 and suitable for a single-family home. So much potential here to grow your portfolio!
| LAST UPDATED | 12/14/2025 | YEAR BUILT | 1920 |
|---|---|---|---|
| COUNTY | Racine | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| BASEMENT | Full, Yes |
|---|---|
| CONSTRUCTION | Brick |
| LOT | 6534 sq ft |
| LOT DIMENSIONS | 0.15 |
| PARKING | None |
| SEWER | Public Sewer |
| WATER | Public |
| ZONING | R4 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Image Real Estate, Inc.
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