$1,870,000

20 Beds 20 Baths 700 Sqft

3200 Indiana Street, Racine, WI 53405

Property Type: Multi-Family
Building Type: Apartment Building
Time on Market: 1 days
Price per Sqft: $2,671
Total Taxes: $31,172
Est. Age: 21+ Years

Description

20-unit apartment investment opportunity at 3200 Indiana St in Racine. Built in 1979, the property consists of 20 one-bedroom units averaging approximately 700 SF. Eight units have been renovated within the past year with updated flooring, appliances, kitchens and bathrooms, along with improvements to the common areas. Current rents average $969/unit with pro forma rents of $1,125, providing a clear path for continued value-add through renovation and rent growth. Tenant-paid, separately metered electric, individual water heaters, wall-sleeve A/C and electric baseboard heat help maintain an efficient expense structure. Convenient location near shopping, Reservoir Park and Highway 11.

Unit Breakdown

Unit Beds Full Baths Half Baths Sq Ft
Unit 1 20 20 0 700
Unit 2 0 0 0 0

Property Details

Interior

Basement:
  • Sump Pump
Baths:
  • Full Baths: 20
Heating/Cooling:
  • Radiant/Electric
Heat Fuel:
  • Electric
Sqft:
  • Total Sqft: 700

Exterior

Acreage:
  • Source: Listing Agent
Exterior:
  • Brick
Parking:
  • Details: Outside
Water:
Water/Waste:
  • Municipal Water, Municipal Sewer

Misc.

New Construction:
  • N
Postal:
  • Code: 53405
Street:
  • Name: Indiana Street
  • Suffix: STREET
Tax Year:
  • 2025
Zoning:
  • R3

Map

Listing Agent-Provided Directions:
  • From Hwy 11/Durand Ave, south on Indiana St to 3200 Indiana St.

Monthly Payment Calculator

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Schools and Neighborhood

Elementary School:
  • Not Assigned
Middle School:
  • Not Assigned
High School:
  • Not Assigned
School District:
  • Unknown
Postal City:
  • Racine
Municipality:
  • Name: RACINE
  • Type: City
County:
  • RACINE

Market Comparison

How this property compares to local market averages — calculated 9/18/2026

This Property
Racine Multi Family Home Avg
Racine County Multi Family Home Avg
List Price
$1,870,000
$639,987
$655,068
Median Price
—
$249,900
$294,450
Price / Sq Ft
$2,671
$122
$150
Days on Market
1 days
74 days
78 days
Total Listings
—
41
48

Listing Information

  • Time on Market: 1 days
  • Place Perfect Last Updated: 2026-09-16 16:07:10
  • MLS Number: 2032833
  • Subsystem Locale: WIREX_SCW
  • Listing Office: Apartment Cash Flow, Inc.
  • Listing Agent: Max Fiascone

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This information is provided by WIREX via the REALTORS Association of Northeast Wisconsin multiple listing service and is exclusively for consumers’ personal, non-commercial use. Information is deemed reliable but not guaranteed.

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