#1922652, Adam McCarthy, Listing office: Smart Asset Realty Inc
Property details
About 1131 Erie St
Exceptional opportunity to acquire a fully renovated, cash-flowing 7-unit multi-family in vibrant Downtown Racine. This turnkey property spans two buildings on one parcel and includes four 2-bed/1-bath and three 1-bed/1-bath units. Each unit has been gut-renovated with LVP flooring, LG stainless steel appliances, modern lighting, and stylish finishes. Major upgrades include new roofs, siding, windows, porches, and updated mechanicals. Amenities include a full basement with tenant storage and on-site laundry. Ideal for investors seeking a low-maintenance, stabilized asset with strong income potential and long-term upside.
Highlights
Home typeMulti Family
HeatingNatural Gas
StatusActive
Size4,148 sqft
BasementYes
Lot size0.12 Acres
Year built1900
ParkingNone, Inside Parking,Outside
MLS #1912708
Summary
- Appliances: Dryer, Washer, Water Heater
- Basement: Yes
- Attached Garage: No
- Parking: None, Inside Parking,Outside
- Architectural Style: Other
- Heating: Natural Gas
- List Price: $750,000
- Price/SqFt: $180
- Annual Tax Amount: $8,009
- Tax Year: 2023
- Directions: From the corner of Hamilton St and N Main St, go west and turn left on Erie St. Property is the third house on the left.
- Year Built: 1900
- Living Area: 4,148 SqFt
- Municipality: Racine
- Lot Size: 0.12 Acres
- MLS Number: 1912708
- MLS Name: WIREX_METRO
- Office Name: Coldwell Banker Realty
- Office Phone: (414) 277-9500
- Office Email: DowntownMilwaukee@cbexchange.com
- Listing Agent: Paul Proano
© 2025 WIREX - All Rights Reserved.
Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/2/2025, 10:45:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 01, 2023 | Home Sold | $115,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $193,000 | $8,009 |
| 2022 | $168,000 | $6,153 |
| 2021 | $146,000 | $4,444 |
| 2020 | $146,000 | $4,350 |
| 2019 | $146,000 | $4,417 |
| 2018 | $139,000 | $5,724 |
| 2017 | $134,000 | $5,628 |
History based on county public records data.
Nearby schools
1
Janes Elementary School
Public District KG-5
0.3 mi
•1425 N Wisconsin St
2
Red Apple Elementary School
Public District KG-5
0.5 mi
•914 Saint Patrick St
1
Julian Thomas Elementary School
Public District KG-5
0.5 mi
•930 Dr Martin Luther King Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $34,091. The majority of Racine, WI residents have income less than $<35k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
51%
<35k
38%
35k-100k
9%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
54%
Single, No Kids
23%
Single, with Kids
16%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
11%
12-17 yrs old
23%
18-34 yrs old
39%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing- UFC
Horse Races
Where do the neighbors shop?
Burlington
Family Dollar
Stein Mart
Where do the neighbors go to eat?
Popeyes
Burger King
LongHorn Steakhouse
What do the neighbors drive?
Dodge
Buick
Cadillac
What do the neighbors listen to?
Urban Contemporary
Contemporary Inspirational
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1131 Erie St
The listing price of 1131 Erie St property is $750,000.
The property 1131 Erie St is a multi located in Racine, Wisconsin, 53402.
Active Listing: 1131 Erie St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1131 Erie St are: Janes Elementary School (GreatSchools Rating 1/10), Red Apple Elementary School (GreatSchools Rating 2/10), Julian Thomas Elementary School (GreatSchools Rating 1/10), 21st Century Preparatory School (GreatSchools Rating 3/10), Gilmore Fine Arts School (GreatSchools Rating 3/10), Jerstad-Agerholm School (GreatSchools Rating 1/10), Racine Alternative Learning (GreatSchools Rating 1/10), Walden III High School (GreatSchools Rating 6/10), Horlick High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $8,009 (source: MLS/based on county public records data).
The last sale was on December 1, 2023 for $115,000 (source: MLS/tax record).
The property 1131 Erie St is 4,148 SqFt (source: MLS/tax record).
The year of construction for 1131 Erie St is 1900.
This home is located at 1131 Erie St in Racine, WI and zip code 53402 in the The 9th Ward neighborhood. This 4,148 square foot home, which was built in 1900, sits on a 0.12 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since April 7, 2025 and is currently priced at $750,000.
In June 2025, from all listings sold in Racine, WI there were more than 32 sold above asking price, over 37 sold below and more than 14 were sold right at the asked price. The number of homes for sale in Racine, WI increased by 7.1% between May and June 2025. The median list price of listings available in June 2025 was $230,000, while the average time on the real estate market was 24 days.
From Rocket Homes Real Estate and based on county public records data.