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1863 Roosevelt Ave, Racine, WI, 53406

$640,000

Home List Price

$7,600*

Closing Credit

0 Baths
7,488 SqFt
$85/SqFt
Multi

Location

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1863 Roosevelt Ave, Racine$640,000

Buyer Closing Credits

$7,600*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOutdoor Space, Inside Parking, Outside
Year Built1978
HeatingElectric
BasementYes
MLS #1899568
Lot Size0.40 Acres
StatusActive

About 1863 Roosevelt Ave

What a great investment opportunity! Strong rental history. Tenants pay for their heat and electricity; units are separately metered. This property can be sold as a stand-alone building or take advantage of all four 8-family apartments. All units are spacious, featuring a living room, kitchen, two bedrooms, and a bathroom. The current landlord keeps up with maintaining the building (s). See the attachment to review current updates which include new windows, building 1830 new roof, newly paved parking lots, some new windows and more. Currently, no pets are allowed. Units 1863 and 1841 have coined laundry. Units 1830 and 1821 are set up for the system. When showing please park in the street to avoid getting towed.

Property Details

Property Features

Property Information:

  • Year Built: 1978
  • Living Area: 7,488 SqFt

Listing Office:

  • Office Name: Shorewest Realtors, Inc.
  • Office Email: PropertyInfo@shorewest.com
  • Listing Agent: Richard Fandry Jr

Interior Features

Interior Information:

  • Appliances: Dryer, Washer, Water Heater
  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Outdoor Space, Inside Parking, Outside

Lot Features

Lot Information:

  • Lot Size: 0.40 Acres

Utilities

Utilities Information:

  • Heating: Electric

Other

Directions Information:

  • Directions: Hwy. 31 to Byrd Ave. (between Hwy. 11 & 20) east to Roosevelt Ave. and south to property at 1830 Roosevelt Avenue.

Municipality:

  • Racine

Price Information

Listing Price Info

Price Summary:

  • List Price: $640,000
  • Price Per SqFt: $85/SqFt

Tax Information:

  • Annual Amount: $10,186
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Racine, WI.

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Racine, WI

City

Med. Sold Price

$201.8K

Med. Price/SqFt

$154

# of Sold Homes

65

1863 Roosevelt Ave vs Racine

1 DAY ON ROCKET

$640,000

+$438.1K More

$85/SqFt

-$70 Less

KEY TAKEAWAY

This property is $438.1K more than the Median Sold Price and $70/SqFt less than other homes in Racine, WI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: WIREX_METRO
  • MLS Number: #1899568

Listing Office:

  • Office Name: Shorewest Realtors, Inc.
  • Office Email: PropertyInfo@shorewest.com
  • Listing Agent: Richard Fandry Jr

© 2024 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: 11/17/2024, 11:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 27, 2014Home Sold
$265,000

Tax History

YEARPROP. TAXASSESSMENT
2020$10,186$362,000
2019$8,996$320,000
2018$8,430$285,000
2017$8,886$285,000

History based on county public records data.

Payment Calculator

$3,262

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,985

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-379047
2
/10

  • S.C. Johnson Elementary School

  • 2420 Kentucky St

  • 0.68 miles

  • Public District Grades KG-5

school-card-donut-379048
2
/10

  • West Ridge Elementary School

  • 1347 S Emmertsen Rd

  • 0.92 miles

  • Public District Grades KG-5

school-card-donut-379049
5
/10

  • Rusd Montessori

  • 4800 Graceland Blvd

  • 1.32 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,655. The most common annual income of people living in Racine, WI is less than $35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Wisconsin›Racine County›Racine›53406›1863 Roosevelt Ave

This home is located at 1863 Roosevelt Ave in Racine, WI and zip code 53406 in the Roosevelt neighborhood. This 7,488 square foot home, which was built in 1978, sits on a 0.40 acre lot. It has been listed on Rocket Homes since November 15, 2024 and is currently priced at $640,000.

In October 2024 more than 31 listings in Racine, WI were sold above the asking price. During the same period more than 15 listings were sold at asking price, while more than 19 were sold below. The number of homes for sale in Racine, WI increased by 8.5% between September 2024 and October 2024.

From Rocket Homes Real Estate and based on county public records data.

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