1116 Grove Ave Racine, WI 53405
West Racine NeighborhoodEstimated payment $2,808/month
About This Home
Centrally located property with 2 apartments up and 2 retail business spaces below. Potential income from all 4 in excess of $4700/month. Currently a barber shop and a beauty shop on first floor and 2 apartments on 2nd floor. Potential for retail business or insurance agency or ??? Roof is 2 years old with a 20-year transferrable warranty, materials and labor. Ample parking on side and rear of building. Show south side upper and lower immediately. North side upper and lower are occupied and require 24 hrs. notice. Lower left unit is vacant, listed MLS #1939695. Let the tenants pay the mortgage. POSITIVE CASH FLOW!$!$
Property Details
Property Type
- Other
Est. Annual Taxes
- $7,167
Parking
- 3 Parking Spaces
Home Design
- Brick Exterior Construction
- Rubber Roof
Interior Spaces
- 4,000 Sq Ft Home
- Storage
Additional Features
- Handicap Accessible
- 4,792 Sq Ft Lot
Listing and Financial Details
- Exclusions: seller's personal property
- Assessor Parcel Number 12769000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,894 | $253,000 | $28,600 | $224,400 |
| 2023 | $7,168 | $253,000 | $28,600 | $224,400 |
| 2022 | $4,476 | $241,000 | $28,600 | $212,400 |
| 2021 | $7,425 | $241,000 | $28,600 | $212,400 |
| 2020 | $7,270 | $241,000 | $28,600 | $212,400 |
| 2019 | $7,425 | $225,000 | $28,600 | $196,400 |
| 2018 | $6,532 | $210,000 | $28,600 | $181,400 |
| 2017 | $6,799 | $210,000 | $28,600 | $181,400 |
| 2016 | $6,942 | $210,000 | $28,600 | $181,400 |
| 2015 | $6,668 | $210,000 | $28,600 | $181,400 |
| 2014 | $6,668 | $210,000 | $28,600 | $181,400 |
| 2013 | $6,668 | $210,000 | $28,600 | $181,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/16/2025 06/16/25 | For Sale | $419,900 | -- | $105 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $120,500 | Proactive Title | |
| Warranty Deed | $174,400 | None Available |
Source: Metro MLS
MLS Number: 1922446
APN: 276-000012769000
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