$1,295,000

1639 Douglas Ave Racine, WI 53404

The 9th Ward Neighborhood

Estimated payment $8,638/month

Total Views 2,162
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Stabilized 34-Unit (Multifamily + Commercial) with New Roof & Proven Cash Flow. Smart investors: welcome to 1639 Douglas Ave, Racine, WIa stabilized and cash-flowing multifamily investment with immediate income and long-term upside. This 34-unit property (plus rentable commercial suite) has maintained consistently strong occupancy, & offers future rent growth potential through light operational improvements. 32 Residential units + 2 Commercial units (one is management office). New roof 2023 - major capex item off the table. Monthly gross rent: $17,700 & room to grow. Professional management willing to stay on for seamless transition.

Listing Agent

Geoff Stuhr

Smart Asset Realty Inc License #86474-94 Listed on: 08/06/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,577

Home Design

  • Brick Exterior Construction
  • Stucco Exterior

Additional Features

  • Partial Basement
  • 0.4 Acre Lot

Community Details

  • Operating Expense $85,038
  • Net Operating Income $114,618

Listing and Financial Details

  • Exclusions: Seller and Tenant Personal Property
  • The owner pays for sewer, water, electric/public
  • Assessor Parcel Number 19301000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,577

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.4
  • Inclusions: 1 Refrigerator and Oven/Range per unit.
  • Directions: 3 Mile Rd to Douglas Ave, south to Property. Or Sheridan Rd north through downtown Racine to State St. West on State to Douglas. North to Property
  • Special Features: None

Interior Features

  • Owner Pays: Sewer, Water, Electric/Public
  • Has Basement: Partial
  • Basement YN: Yes

Exterior Features

  • Exclusions: Seller and Tenant Personal Property
  • Construction Type: Stucco, Wood, Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: Outdoor Space

Utilities

  • Sewer: Municipal Sewer

Schools

  • Junior High Dist: Racine Unified

Lot Info

  • Lot Size Sq Ft: 17424
  • Parcel #: 19301000

Rental Info

  • Tenant Pays: Electricity, Heat

Multi Family

  • Property Net Operating Income: 114618
  • Annual Operating Expense: 85038

Map

Range of Values:

Collateral Analytics

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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 $18,577 $724,500 $46,900 $677,600
2023 $17,005 $630,000 $46,900 $583,100
2022 $16,865 $630,000 $46,900 $583,100
2021 $16,489 $548,000 $46,900 $501,100
2020 $16,174 $548,000 $46,900 $501,100
2019 $15,442 $522,000 $46,900 $475,100
2018 $18,330 $0 $0 $0
2017 $14,789 $450,000 $46,900 $403,100
2016 $15,112 $450,000 $46,900 $403,100
2015 $19,194 $450,000 $46,900 $403,100
2014 $19,194 $450,000 $46,900 $403,100
2013 $19,194 $600,000 $52,800 $547,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 For Sale $1,295,000 -- --
Source: Metro MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $670,000 Chicago Title Waukesha
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $588,000 Future Advance Clause Open End Mortgage
Closed $536,000 Purchase Money Mortgage
Closed $270,000 Commercial
Source: Public Records

Source: Metro MLS

MLS Number: 1930004

Metro MLS

APN: 276-000019301000

Wisconsin Racine County Racine 53402 The 9th Ward

1639 Douglas Ave, Racine, WI

This home is located at 1639 Douglas Ave, Racine, WI 53404 and is currently priced at $1,295,000. 1639 Douglas Ave is a home located in Racine County with nearby schools including Janes Elementary School, Jerstad-Agerholm Middle School, and Horlick High School.

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IDX listing data provided by Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified.

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Geoff Stuhr
Listing Agent
Geoff Stuhr
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Smart Asset Realty Inc
(262) 430-0363