831 College Ave Racine, WI 53403
Downtown Racine NeighborhoodEstimated payment $5,090/month
About This Home
Solid 12-unit brick apartment building in Racine, ideally located near Lake Michigan. All units feature 1 bedroom and 1 bathroom with practical layouts and and original woodwork. This property offers consistent rental income and strong tenant appeal. Close to the lakefront, parks, downtown amenities, and public transportation. A great investment opportunity in a high-demand area.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,999
Lot Details
- 4,792 Sq Ft Lot
Home Design
- Brick Exterior Construction
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
- Laundry in Basement
Schools
- Starbuck Middle School
- Case High School
Community Details
- Operating Expense $42,105
- Net Operating Income $54,054
Listing and Financial Details
- Exclusions: Seller/tenant personal property
- The owner pays for sewer, water, heat
- Assessor Parcel Number 00446000
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 | $9,999 | $399,000 | $19,200 | $379,800 |
| 2023 | $8,970 | $347,000 | $19,200 | $327,800 |
| 2022 | $7,762 | $302,000 | $19,200 | $282,800 |
| 2021 | $7,620 | $263,000 | $19,200 | $243,800 |
| 2020 | $7,454 | $263,000 | $19,200 | $243,800 |
| 2019 | $6,847 | $216,000 | $19,200 | $196,800 |
| 2018 | $6,126 | $200,000 | $19,200 | $180,800 |
| 2017 | $6,214 | $200,000 | $19,200 | $180,800 |
| 2016 | $7,565 | $240,000 | $19,200 | $220,800 |
| 2015 | $8,420 | $270,000 | $19,200 | $250,800 |
| 2014 | $8,420 | $270,000 | $19,200 | $250,800 |
| 2013 | $8,420 | $280,000 | $19,200 | $260,800 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/17/2025 06/17/25 | For Sale | $799,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $700,000 | -- | |
| Warranty Deed | $550,000 | -- | |
| Warranty Deed | $290,000 | Knight Barry Title | |
| Special Warranty Deed | $120,000 | First American Title Ncs Las | |
| Sheriffs Deed | $150,000 | First American Title Insuran |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $232,000 | Commercial | |
| Previous Owner | $2,410,680 | Unknown | |
| Previous Owner | $200,000 | Unknown |
Source: Metro MLS
MLS Number: 1922652
APN: 276-000000446000
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