Closed

$140,000

Favorite

half baths

1625 Phillips Ave

Racine, Wisconsin 53403

Closed / MLS #1794735 / Multiple Unit (2-4) / Racine

Listing information updated 3/27/2024 at 9:41am

Here's your opportunity to own one of the few licensed Rooming Houses/SROs in Racine! There are 9 individually leased furnished rooms upstairs and a 2 bedroom apartment below. The rooming house has a kitchen and bathroom and coin op washer and dryer that are shared by the tenants. All tenants are MTM. With recent tenants renting at $325/room/mo and in-place $775/mo lease for lower, this property is a cash cow! There are also 2-3 garage stalls that can be rented out for additional income. Pro Forma/operating statement available upon request.

Full Features

Exterior Type:

Aluminum

Basement:

Full

Heating System:

Hot Water/Steam, Natural Gas

Pool:

Age:

97 Years

Parking Type:

Near Public Transit,4 space(s) inside,0 space(s) outside

Water Front:

Square Feet:

N/A

Lot Size:

0.11 acres

Acreage:

0.11

Taxes & Assessments

Tax Amount:

$2,585

Tax Year:

2021

Assessments:

$10

Location

Zip Code:

53403

City:

Racine

County:

Racine

Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: The Curated Key Collective

Listing Office Phone: 262.497.1198

Disclaimer: The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of Metro MLS. Copyright 2024 Multiple Listing Service, Inc. - All Rights Reserved. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Racine, WI

Situated on the shores of Lake Michigan and at the mouth of the picturesque Root River, the City of Racine is more than just an angler’s haven. With over 1,100 acres of parkland, the city is home to several attractions including a vibrant arts community, zoo, and variety of historic buildings, man...

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$218,940

Average Sale Price

Average Days On The Market

99%

Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.

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1625 Phillips Ave is a multiple unit (2-4) which sold for $140,000. This multiple unit (2-4) has been listed on @properties since May 26th, 2022 and was built in 1927.