$1,749,000
PENDING

3214 Northwestern Ave Racine, WI 53404

River Bluff Neighborhood

Estimated payment $11,827/month

Total Views 5,823
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Rare opportunity to own a solid brick apartment building totaling 16 units in a prime location across from the Racine Country Club! This building offers numerous updates including a new parking lot, all new windows, and recently updated furnaces and hot water heaters. Most of the units have been updated and comes with in-place property management.

Listing Agent

Ryan Douglas

Land-Quest Realty, LLC License #53935-90 Listed on: 03/26/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,788

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Schools

  • Wadewitz Elementary School
  • Gilmore Middle School
  • Horlick High School

Additional Features

  • Basement Fills Entire Space Under The House
  • 1.17 Acre Lot

Community Details

  • Operating Expense $53,607
  • Net Operating Income $106,913

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 20109029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,788

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 1.17
  • Directions: Northwestern Ave (Hwy 38), across from Racine Country Club and Quarry Lake Park.
  • Special Features: None

Interior Features

  • Owner Pays: Sewer, Water
  • Has Basement: Poured Concrete, Full
  • Basement YN: Yes

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: None

Utilities

  • Sewer: Municipal Sewer

Schools

  • Elementary School: Wadewitz
  • Junior High Dist: Racine Unified
  • High School: Horlick
  • Middle Or Junior School: Gilmore

Lot Info

  • Lot Size Sq Ft: 50965.2
  • Parcel #: 20109029

Rental Info

  • Tenant Pays: Electricity, Heat, Gas

Multi Family

  • Property Net Operating Income: 106913
  • Annual Operating Expense: 53607

Map

Range of Values:

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Average Value
Not Available
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 $25,788 $1,051,000 $117,300 $933,700
2023 $23,869 $929,000 $117,300 $811,700
2022 $20,888 $808,000 $117,300 $690,700
2021 $713 $0 $0 $0
2020 $22,946 $808,000 $117,300 $690,700
2019 $21,415 $755,000 $117,300 $637,700
2018 $22,554 $0 $0 $0
2017 $22,811 $725,000 $117,300 $607,700
2016 $23,273 $725,000 $117,300 $607,700
2015 $24,384 $715,000 $117,300 $597,700
2014 $24,384 $715,000 $117,300 $597,700
2013 $24,384 $799,000 $132,000 $667,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2025 04/22/25 Pending -- -- --
03/26/2025 03/26/25 For Sale $1,749,000 -- --
Source: Metro MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,300,000 Chicago Title Wisconsin Com
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $850,000 Frontier Ttl & Closing Svcs
Warranty Deed $600,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,040,000 Commercial
Previous Owner $755,000 Commercial
Previous Owner $356,062 Future Advance Clause Open End Mortgage
Previous Owner $825,000 Unknown
Previous Owner $760,879 Unknown
Source: Public Records

Source: Metro MLS

MLS Number: 1911188

Metro MLS

APN: 276-000020109029