537 3 Mile Rd Racine, WI 53402
North Bay-Shorecrest NeighborhoodEstimated payment $2,690/month
About This Home
This turnkey four-family property on the north side of Racine is fully rented and currently brings in $3,765 per month in rent, with room for growth. Each of the four units includes 2 bedrooms and 1 bathroom, along with separate storage lockers, individual utilities, laundry hookups, and parking availability.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,786
Lot Details
- 10,454 Sq Ft Lot
Home Design
- Brick Exterior Construction
- Press Board Siding
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
- Laundry in Basement
Listing and Financial Details
- Exclusions: Tenants personal property and basement dehumidifier
- The owner pays for sewer, water
- Assessor Parcel Number 04734017
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 | $6,786 | $262,000 | $28,400 | $233,600 |
| 2023 | $7,067 | $228,000 | $28,400 | $199,600 |
| 2022 | $5,919 | $198,000 | $28,400 | $169,600 |
| 2021 | $6,292 | $188,000 | $28,400 | $159,600 |
| 2020 | $6,196 | $188,000 | $28,400 | $159,600 |
| 2019 | $5,955 | $178,000 | $28,400 | $149,600 |
| 2018 | $5,809 | $160,000 | $28,400 | $131,600 |
| 2017 | $5,784 | $160,000 | $28,400 | $131,600 |
| 2016 | $5,916 | $160,000 | $28,400 | $131,600 |
| 2015 | $5,636 | $165,000 | $28,400 | $136,600 |
| 2014 | $5,636 | $165,000 | $28,400 | $136,600 |
| 2013 | $5,636 | $180,000 | $31,900 | $148,100 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | For Sale | $389,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $225,000 | None Listed On Document | |
| Quit Claim Deed | -- | Bass Law Offices Sc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $180,000 | New Conventional | |
| Previous Owner | $250,000 | Credit Line Revolving |
Source: Metro MLS
MLS Number: 1931189
APN: 276-000004734017
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