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Listed by Apartment Cash Flow, Inc.
$1,870,000
Est. payment /mo
20 Beds
20 Baths
700 SqFt
New
3200 Indiana Street Racine, WI 53405
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Key Details
Property Type Multi-Family
Sub Type Apartment building
Listing Status Active
Purchase Type For Sale
Square Footage 700 sqft
Price per Sqft $2,671
MLS Listing ID 2032833
Bedrooms 20
Full Baths 20
Year Built 1979
Annual Tax Amount $31,172
Tax Year 2025
Lot Size 1.020 Acres
Acres 1.02
Property Sub-Type Apartment building
Property Description
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 $969/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.
Location
State WI
County Racine
Area Other In Wisconsin
Zoning R3
Direction From Hwy 11/Durand Ave, south on Indiana St to 3200 Indiana St.
Rooms
Basement Sump pump, Storage area, Unfinished
Interior
Heating Radiant
Heat Source Electric
Exterior
Parking Features Outside
Building
Water Municipal sewer, Municipal water
Structure Type Brick
Schools
Elementary Schools Not Assigned
Middle Schools Not Assigned
High Schools Not Assigned
School District Unknown
This information, provided by seller, listing broker, and other parties, may not have been verified.
Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved
Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved
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