$2,482 Closing Credit¹
#1997853, Sean Smith, Listing Office: RA Homes Realty LLC
$205,000 List price
551 S Main St Janesville, WI 53545
$2,434
Closing credit¹
0.2 acres
House
Property details
About 551 S Main St
**Excellent Investment Opportunity** Don't miss this chance to own a two-unit property in beautiful downtown Janesville! Both units are currently occupied, providing immediate cash flow! The upper unit is a long-term tenant who wishes to stay long-term. This charming property boasts large rooms and lots of character. AC and laundry in the upper unit. Off street parking for tenants' convenience. Situated in the heart of downtown Janesville close to shopping, restaurants, entertainment, and the bus line making this multi-unit property desirable for tenants. This is the perfect addition to any investment portfolio! All showings require 24 hour notice. Closing to take place after 6/28/2025.
Highlights
HeatingForced Air, Natural Gas
StatusActive
BasementYes
Lot size0.2 Acres
Year built1890
Parking2 Space
MLS #1999021
Summary
- Basement: Yes
- Parking: 2 Space
- Heating: Forced Air, Natural Gas
- List Price: $205,000
- Annual Tax Amount: $2,620
- Tax Year: 2023
- Directions: From Center Ave., East on W. Racine to South on South Main Street.
- Year Built: 1890
- Municipality: Janesville
- Lot Size: 0.2 Acres
- MLS Number: 1999021
- MLS Name: WIREX_SCW
- Office Name: Zuelke Real Estate Team
- Office Phone: (608) 757-2862
- Listing Agent: Melissa Aarstad
© 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: 5/6/2025, 4:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$205,000
551 S Main St
$2,434
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 01, 2024 | Home Sold | $160,000 |
| Sep 03, 2019 | Home Sold | $95,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $154,900 | $2,620 |
| 2022 | $108,100 | $2,537 |
| 2021 | $108,100 | $2,557 |
| 2020 | $108,100 | $2,442 |
| 2019 | $108,100 | $2,385 |
| 2018 | $82,200 | $2,139 |
| 2017 | $82,200 | $2,071 |
History based on county public records data.
Nearby schools
8
Roosevelt Elementary School
Public District PK-5
0.6 mi
•316 S Ringold St
3
Wilson Elementary School
Public District PK-5
0.6 mi
•465 Rockport Rd
4
Adams Elementary School
Public District PK-5
1.1 mi
•1138 E Memorial 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 $47,907. Typical income of Janesville, WI residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
33%
<35k
57%
35k-100k
9%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
44%
Single, No Kids
18%
Single, with Kids
21%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
11%
12-17 yrs old
25%
18-34 yrs old
40%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
College Basketball
Mexican League Soccer
Soccer
Where do the neighbors shop?
Dillards
Books-a-Million
Forever 21
Where do the neighbors go to eat?
Logan's Roadhouse
Church's Chicken
Dominos Pizza
What do the neighbors drive?
Hyundai
Toyota
Mazda
What do the neighbors listen to?
Rock
Adult Hits- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Janesville, WI
Janesville's transportation infrastructure supports both private and public transit options, with a network of local and regional bus services facilitating movement around the city. The community's layout promotes moderate walkability, with certain areas being more pedestrian-friendly than others. Bike paths are available for cycling enthusiasts. Major roads and highways connect Janesville to nearby cities, enhancing the ease of commuting and travel. Public transportation schedules vary, with peak hours typically seeing more frequent service.
The community is served by a solid educational system, including a range of public and private schools that cater to various educational needs. Healthcare services are comprehensive, with local hospitals offering a spectrum of care from primary to specialized treatments. Janesville's public library system supports lifelong learning and community engagement. Retail and dining options reflect the local culture, with a blend of national chains and homegrown establishments providing residents with a variety of choices.
Janesville is celebrated for its tranquil suburban charm and community-oriented spirit. The city prides itself on its well-attended annual events, such as the Rock County 4-H Fair, which showcases the area's agricultural heritage and fosters a sense of local pride. The community's character is further defined by its commitment to preserving natural beauty, as seen in its numerous parks and recreational areas.
Janesville's housing market offers a diverse array of options, with single-family homes being a significant presence. Architectural styles vary, with a mix of contemporary, ranch, and colonial homes dotting the landscape. The housing stock largely reflects growth periods with many properties dating back to the mid-20th century, while newer developments add modern flair to the area. The homeownership rate is robust, with a majority of residents owning their homes, while a sizable portion opts for renting, providing a balanced housing ecosystem.
About 551 S Main St
The listing price of 551 S Main St property is $205,000.
The property 551 S Main St is a house located in Janesville, Wisconsin, 53545.
Active Listing: 551 S Main St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 551 S Main St are: Roosevelt Elementary School (GreatSchools Rating 8/10), Wilson Elementary School (GreatSchools Rating 3/10), Adams Elementary School (GreatSchools Rating 4/10), Edison Middle School (GreatSchools Rating 4/10), Marshall Middle School (GreatSchools Rating 4/10), Franklin Middle School (GreatSchools Rating 5/10), Rock River Charter School (GreatSchools Rating 1/10), Craig High School (GreatSchools Rating 4/10), Tagos Leadership Academy (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $2,620 (source: MLS/based on county public records data).
The last sale was on July 1, 2024 for $160,000 (source: MLS/tax record).
The property at 551 S Main St has 0 bathroom.
The year of construction for 551 S Main St is 1890.
This home is located at 551 S Main St in Janesville, WI and zip code 53545. Features: 0 bathroom. It has been listed on Rocket Homes since May 5, 2025 and is currently priced at $205,000.
In April 2025 in Janesville, WI there were 66.7% more homes for sale than in March. While the average time on the market in April 2025 was 62 days, the median list price was $275,000.
From Rocket Homes Real Estate and based on county public records data.