$2,300,000

3111 Wheelock Dr Racine, WI 53405

Estimated payment $12,984/month

Total Views 236,515
-- Bed
-- Bath
11,284 Sq Ft
$204 Price per Sq Ft

About This Home

''Rare opportunity to own two solid brick apartment buildings totaling 16 units in a prime Hwy 11 location. The property includes eight 2-bedroom and eight 1-bedroom units, with updates in six of the 2-bedrooms and five of the 1-bedrooms. These updated units feature modern appliances, granite countertops, new lighting packages, and refreshed bathrooms. Each unit is equipped with in-unit air conditioning for added tenant comfort. Convenient laundry facilities are located within the 2-bedroom building. With a high-demand location and appealing amenities, this property is a solid investment choice.

Listing Agent

Karen Sorenson

RE/MAX Newport Brokerage Email: office@remaxnewport.com License #56787-90 Listed on: 10/25/2024

RE/MAX Newport

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.54 Acre Lot
  • 23871005

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 11,284 Sq Ft Home
  • Laundry in Basement

Schools

  • Mitchell Elementary And Middle School
  • Park High School

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 23871001

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.54
  • Directions: Hwy 11 (Durand) east to Wheelock south to property on East side of street
  • Attribution Contact: office@remaxnewport.com
  • Special Features: None

Interior Features

  • Owner Pays: Sewer, Water
  • Has Basement: Laundry Facilities

Exterior Features

  • Construction Type: Brick

Garage/Parking

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

Utilities

  • Sewer: Municipal Sewer

Schools

  • Elementary School: Mitchell
  • Junior High Dist: Racine Unified
  • High School: Park
  • Middle Or Junior School: Mitchell

Lot Info

  • Lot Size Sq Ft: 23522.4
  • Additional Parcels Description: 23871005
  • Parcel #: 23871001

Rental Info

  • Tenant Pays: Sewer, Water

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $12,493 $519,000 $29,700 $489,300
2023 $11,451 $451,000 $29,700 $421,300
2022 $10,016 $392,000 $29,700 $362,300
2021 $10,303 $358,000 $29,700 $328,300
2020 $10,076 $358,000 $29,700 $328,300
2019 $9,575 $341,000 $29,700 $311,300
2018 $9,422 $319,000 $29,700 $289,300
2017 $9,796 $319,000 $29,700 $289,300
2016 $10,018 $319,000 $29,700 $289,300
2015 $9,606 $319,000 $29,700 $289,300
2014 $9,606 $319,000 $29,700 $289,300
2013 $9,606 $319,000 $29,700 $289,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2025 01/06/25 For Sale $2,300,000 0.0% $204 / Sq Ft
10/31/2024 10/31/24 Off Market $2,300,000 -- --
10/25/2024 10/25/24 For Sale $2,300,000 -- $204 / Sq Ft
Source: Metro MLS

Purchase History

Date Type Sale Price Title Company
Deed $409,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $825,000 Construction
Source: Public Records

About the Listing Agent

Karen Sorenson

RE/MAX Newport

(262) 373-6946

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Karen was born and raised in Racine County. Her husband and her have raised their four children there and run various businesses. She has been in Real Estate for 25 years. Karen has her real estate license in both Wisconsin and Illinois. She enjoys helping people with some of the biggest decisions of their life. Is it time to buy, sell, invest, move or I'm underwater what are my options? She does Commercial real estate also and she is the # 1 agent in Racine County.

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Source: Metro MLS

MLS Number: 1897298

Metro MLS

APN: 276-000023871001