$325,000
$15K PRICE DROP

1231 Marquette St Racine, WI 53404

The 11th Ward Neighborhood

Estimated payment $2,267/month

Total Views 5,585
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Exceptional Cash-Flowing Four-Family Property in Racine. This property currently generates $3,625 per month in rental income, with potential for growth. Two of the four units have been converted into three-bedroom layouts. You also have the opportunity to transform the remaining two units, maximizing your investment!

Listing Agent

Adam Pischke

ReBelle Realty License #96631-94 Listed on: 07/11/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,984

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Listing and Financial Details

  • Exclusions: All tenants personal property
  • The owner pays for sewer, water
  • Assessor Parcel Number 02117000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,984

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.15
  • Inclusions: 4 Stoves / 4 Refrigerators
  • Directions: Go north on Marquette St past State St, will be on the east side.
  • Special Features: None

Interior Features

  • Owner Pays: Sewer, Water
  • Has Basement: Laundry Facilities, Full
  • Basement YN: Yes

Exterior Features

  • Exclusions: All tenants personal property
  • Construction Type: Aluminum Siding, Vinyl

Garage/Parking

  • Attached Garage: No
  • Parking Features: Near Public Transit, Outdoor Space

Utilities

  • Sewer: Municipal Sewer

Schools

  • Junior High Dist: Racine Unified

Lot Info

  • Lot Size Sq Ft: 6534
  • Parcel #: 02117000

Rental Info

  • Tenant Pays: Electricity, Heat, Gas

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $5,984 $228,000 $27,500 $200,500
2023 $5,635 $198,000 $27,500 $170,500
2022 $5,949 $172,000 $27,500 $144,500
2021 $4,686 $150,000 $27,500 $122,500
2020 $4,587 $150,000 $27,500 $122,500
2019 $3,440 $110,000 $27,500 $82,500
2018 $3,298 $101,000 $9,200 $91,800
2017 $3,650 $101,000 $9,200 $91,800
2016 $3,239 $96,000 $9,200 $86,800
2015 $3,226 $96,000 $9,200 $86,800
2014 $3,226 $96,000 $9,200 $86,800
2013 $3,226 $100,000 $10,300 $89,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 Price Changed $325,000 -4.4% --
07/11/2025 07/11/25 For Sale $339,900 +44.6% --
07/16/2023 07/16/23 Off Market $235,000 -- --
06/02/2023 06/02/23 For Sale $235,000 +17.5% $63 / Sq Ft
12/30/2021 12/30/21 Sold $200,000 0.0% $53 / Sq Ft
11/04/2021 11/04/21 Pending -- -- --
11/03/2021 11/03/21 For Sale $200,000 -- $53 / Sq Ft
Source: Metro MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $242,000 Chicago Title
Warranty Deed $200,000 Kayla Gauthier For Knight Barr
Warranty Deed $200,000 Knight Barry Title
Warranty Deed $153,000 Accurate Title & Closing Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $193,600 New Conventional
Previous Owner $160,000 New Conventional
Previous Owner $107,100 New Conventional
Source: Public Records

Source: Metro MLS

MLS Number: 1926108

Metro MLS

APN: 276-000002117000

Wisconsin Racine County Racine 53404 The 11th Ward

1231 Marquette St, Racine, WI

This home is located at 1231 Marquette St, Racine, WI 53404 and is currently priced at $325,000. 1231 Marquette St is a home located in Racine County with nearby schools including Julian Thomas Elementary School, Jerstad-Agerholm Middle School, and Horlick High School.

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Listing Agent
Adam Pischke
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ReBelle Realty
(262) 956-2137