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.
Closed
$140,000
1625 Phillips AVENUE, Racine, WI 53403
--beds
--baths
--sqft
Multi Family, Duplex
Built in 1927
-- sqft lot
$245,500 Zestimate®
$--/sqft
$1,006 Estimated rent
Home value
$245,500
$211,000 - $280,000
$1,006/mo
Zestimate® history
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$1,006/mo
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$768/mo
Est. payment
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Est. payment
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Zillow last checked: 8 hours ago
Listing updated: May 19, 2025 at 09:42am
Listed by:
Kelsey Krimmer 262-497-1198,
The Curated Key Collective
Bought with:
Kim M Siewert
Source: WIREX MLS,MLS#: 1794735
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Heating
- Natural Gas, Hot Water/Steam
Appliances
- Included: Dryer, Washer
Features
- Basement: Full
- Has fireplace: No
Property
Parking
- Parking features: Inside Parking, Outside
Lot
- Size: 4,791 sqft
Details
- Parcel number: 14245000
- Zoning: Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Aluminum/Steel, Aluminum Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1927
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Racine
- Municipality: Racine
Price history
| Date | Event | Price |
|---|---|---|
| 3/26/2024 | Sold | $140,000-22.2% |
Source:  WIREX MLS #1794735 Report a problem | ||
| 2/1/2024 | Listing removed | -- |
Source: WIREX MLS #1794735 Report a problem | ||
| 1/30/2024 | Contingent | $179,900 |
Source: WIREX MLS #1794735 Report a problem | ||
| 9/21/2023 | Price change | $179,900-12.2% |
Source: WIREX MLS #1794735 Report a problem | ||
| 7/5/2023 | Price change | $205,000-8.9% |
Source: WIREX MLS #1794735 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,163 +2.8% | $123,500 +9.3% |
| 2023 | $3,076 +9.5% | $113,000 +9.7% |
| 2022 | $2,808 -2.5% | $103,000 +9.6% |
Find assessor info on the county website
Neighborhood: 53403
Nearby schools
GreatSchools rating
- 2/10Knapp Elementary SchoolGrades: PK-5Distance: 0.5 mi
- NAWalden Iii Middle SchoolGrades: 6-8Distance: 0.9 mi
- 5/10Park High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- District: Racine
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$245,500
2% more
+$4,910
With Zillow Showcase(estimated)
$250,410
- Wisconsin
- Racine County
- Racine
- 53403
- 1625 Phillips AVENUE