Contacts
Paul Proano
Coldwell Banker Realty
Property Details
- Property Type Multi-Family
- Units 7
- Lot Size 0.12 Acre
- # of Floors 2
- Year Built 1900
- Year Renovated 2024
- Date Updated Jun 9, 2025
Exceptional opportunity to acquire a fully renovated, cash-flowing 7-unit multi-family property, spanning two buildings on a single parcel in the vibrant Downtown Racine area. This stabilized asset has undergone a top-to-bottom renovation, making it a truly turnkey investment with minimal future capital requirements. The unit mix includes four (4) 2-bedroom, 1-bath units and three (3) 1-bedroom, 1-bath units—ideal for attracting long-term tenants and maximizing rental income.
Exterior upgrades include new porches, windows, roofs, gutters, and brand-new siding on both buildings. All major mechanical systems have been updated. Each unit has been fully gut-rehabbed and features luxury vinyl plank flooring, LG stainless steel appliances, modern lighting, and stylish finishes—delivering a contemporary, low-maintenance living experience.
Additional amenities include a full basement with spacious tenant storage, offering the potential to generate additional income, as well as an on-site laundry facility. This is an excellent opportunity for both new and seasoned investors to acquire a stable, income-generating asset with updated infrastructure and strong long-term upside.
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Highlights
- Age: Over 50 Years Old
- Exterior Description: Aluminum Siding
- Exterior Description: Concrete Block
- Exterior Living Space: Porch
- Flooring: Luxury Vinyl
- Heating Type: Radiator
- Lot Size: Under 1/2 Acre
- Road Type: City / Town Street
- Sewer: City
- Water: Municipal Water
Attachments
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Location
- City Racine, IL
- Neighborhood Downtown Racine
- Zip Code 53402
- Market Milwaukee
In-Depth Research Available for this Property
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Contact Listing Broker
Paul Proano
Coldwell Banker Realty