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3200 Indiana Street, Racine, WI 53405

Racine
Local realty services provided by:CENTURY 21 Affiliated
3200 Indiana Street,Racine, WI 53405
$1,870,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: max fiascone
Office: apartment cash flow, inc.
MLS#:2032833
Source:WI_WIREX_SCW

Price summary

  • Price:$1,870,000

About this home

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.

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Home facts

  • Year built:1979
  • Listing ID #:2032833
  • Added:1 day(s) ago
  • Updated:September 17, 2026 at 05:03 AM

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
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. WI_WIREX_SCW Member Broker: William Kessler

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