1217 Erie St Racine, WI 53402
The 9th Ward NeighborhoodEstimated payment $1,441/month
About This Home
Investment opportunity! This two-family home is ideally situated just minutes from downtown Racine and a short walk to the beautiful shores of Lake Michigan. Currently generating $2,300 per month in rental income, this property is perfect for investors seeking strong cash flow or homeowners looking to offset their mortgage with rental income. Each unit offers spacious living areas, with separate entrances and tenant paid utilities. A new roof installed in 2024, with a 15 year warranty, provides peace of mind. Tenants enjoy close proximity to local shops, restaurants, and public transportation, making this a desirable rental location.
Property Details
Property Type
- Other
Est. Annual Taxes
- $3,264
Lot Details
- 5,663 Sq Ft Lot
Parking
- 2 Car Detached Garage
Interior Spaces
- 2,070 Sq Ft Home
- Basement Fills Entire Space Under The House
Community Details
- 2 Units
Listing and Financial Details
- Exclusions: Seller and Tenants personal property.
- Assessor Parcel Number 02412000
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 | $3,264 | $108,600 | $11,900 | $96,700 |
| 2023 | $2,638 | $99,000 | $11,900 | $87,100 |
| 2022 | $3,526 | $99,000 | $11,900 | $87,100 |
| 2021 | $3,633 | $90,000 | $11,900 | $78,100 |
| 2020 | $3,970 | $90,000 | $11,900 | $78,100 |
| 2019 | $3,582 | $87,000 | $11,900 | $75,100 |
| 2018 | $3,650 | $80,000 | $11,900 | $68,100 |
| 2017 | $3,599 | $80,000 | $11,900 | $68,100 |
| 2016 | $3,461 | $76,000 | $11,900 | $64,100 |
| 2015 | $2,631 | $76,000 | $11,900 | $64,100 |
| 2014 | $2,631 | $76,000 | $11,900 | $64,100 |
| 2013 | $2,631 | $81,000 | $18,300 | $62,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/24/2025 08/24/25 | For Sale | $215,000 | +30.3% | $104 / Sq Ft |
| 02/01/2024 02/01/24 | Sold | $165,000 | -17.5% | $80 / Sq Ft |
| 12/16/2023 12/16/23 | For Sale | $199,900 | +21.2% | $97 / Sq Ft |
| 12/14/2023 12/14/23 | Off Market | $165,000 | -- | -- |
| 06/27/2023 06/27/23 | Price Changed | $199,900 | -3.4% | $97 / Sq Ft |
| 06/14/2023 06/14/23 | For Sale | $207,000 | +195.7% | $100 / Sq Ft |
| 01/23/2023 01/23/23 | Off Market | $70,000 | -- | -- |
| 10/25/2022 10/25/22 | Pending | -- | -- | -- |
| 10/18/2022 10/18/22 | For Sale | $70,000 | -- | $34 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $165,000 | Knight Barry Title | |
| Warranty Deed | $52,000 | None Listed On Document |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $148,000 | New Conventional | |
| Closed | $123,750 | New Conventional | |
| Previous Owner | $63,000 | Adjustable Rate Mortgage/ARM |
Source: Metro MLS
MLS Number: 1932279
APN: 276-000002412000
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