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Downtown Racine Multifamily Home for Sale

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    $799,000

    831 College Ave, Racine, WI 53403

    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.

    Adam McCarthy Smart Asset Realty Inc

    831 College Ave, Racine, WI 53403

Why Live in Downtown Racine

Downtown Racine is a vibrant neighborhood known for its diverse dining options, including Reef Point Brew House, Asiana, and Sticky Rice, as well as local taverns like Toad Hall Pub. The area features unique shops such as Vintage & Modern Books and Chapter 20 Boutique. For larger grocery needs, residents travel 5 miles west to Festival Foods or Walmart Neighborhood Market. The Racine Art Museum on Main Street boasts the largest collection of contemporary crafts in the U.S. Parks and green spaces are plentiful, with the Main Street Walkway offering shaded benches and a fountain, and Pershing Park featuring athletic fields and a skatepark suitable for all skill levels. Downtown Racine hosts numerous annual events, including First Fridays, the Holiday Parade, and the popular Party on the Pavement festival, which attracts over 15,000 people. The Racine Harbor Market also brings the community together with local vendors and musical performances during the summer. Housing options range from new condos with lake views to historic single-family homes dating back to the early 1900s, featuring architectural styles like bungalows, Victorian, and Dutch-Colonial. The neighborhood is served by Walden III Middle and High School, which is highly rated. Safety in Downtown Racine is comparable to the national average. With RYDE Racine bus stops and sidewalks throughout, residents can easily navigate the area without a car. Major roads and highways, including Interstate 94, are conveniently located, with downtown Milwaukee just over 20 miles away. The nearest emergency care facility, Ascension All Saints, is 3 miles west.

Home Trends in Downtown Racine, WI

Housing Trends

Median Sale Price
$375,000
Median Single Family Sale Price
$339,000
Median 2 Bedroom Sale Price
$357,000
Median 1 Bedroom Sale Price
$229,000
Average Price Per Sq Ft
$211
Number of Homes for Sale
8
Last 12 months Home Sales
17
Months of Supply
5.60
Median List Price
$375,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
56%
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