Active

$190,000

1718 Erie STREET, Racine, WI 53402

4beds

2,255sqft

Est.:

Multi Family, Duplex

Built in 1884

-- sqft lot

$183,200 Zestimate^®

$84/sqft

$-- HOA

What's special

Functional layoutsLarge fenced backyard

Turnkey investment opportunity with built-in cash flow! This well-maintained duplex features two 2-bedroom, 1-bath units, each offering functional layouts and great rental appeal. The lower unit has been nicely remodeled with modern finishes, making it desirable for tenants, while the upper unit offers value-add potential for increased rents with some updates. Property includes a large fenced backyard, perfect for tenant enjoyment, plus a private driveway for off-street parking. No garage but driveway parking for 2 vehicles. Excellent tenant payment history with leases already in place--start earning income from day one. This property may qualify for DSCR financing, making it an easy addition to your portfolio. Don't miss this opportunity to secure a performing asset with upside potential!

17 days

1,218

69

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Features

Basement: Block,Full
Has fireplace: No

Interior area

Total structure area: 2,255
Total interior livable area: 2,255 sqft

Video & virtual tour

Property

Parking

Parking features: No Garage, 1 Space

Features

Levels: Two
Stories: 2

Lot

Size: 5,662.8 Square Feet

Details

Parcel number: 04056000
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: 1884

Utilities & green energy

Electric: 2 Electric Meters
Sewer: Public Sewer
Water: Public
Utilities for property: 2 Electric Meters, 2 Gas Meters

Community & HOA

Location

Region: Racine
Municipality: Racine

Financial & listing details

Price per square foot: $84/sqft
Tax assessed value: $142,300
Annual tax amount: $3,651
Date on market: 3/27/2026
Inclusions: None
Exclusions: Tenant's Appliances, Tenant's Personal Property

Estimated market value

$183,200

$172,000 - $192,000

$1,503/mo

Price history

Date	Event	Price
3/27/2026	Listed for sale	$190,000$84/sqft
Source: WIREX MLS #1955502 Report a problem
5/28/2025	Listing removed	$1,000
Source: Zillow Rentals Report a problem
4/30/2025	Listed for rent	$1,000
Source: Zillow Rentals Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,559 +2.1%	$142,300 +11.2%
2023	$3,487 +16.5%	$128,000 +12.3%
2022	$2,993 -2.5%	$114,000 +9.6%
2021	$3,071 +1.1%	$104,000
2020	$3,039 +12.6%	$104,000 +10.6%
2019	$2,698 +1.9%	$94,000 +10.6%
2018	$2,647 -1%	$85,000
2017	$2,674 -27.2%	$85,000 +4.9%
2016	$3,671	$81,000 +3.8%
2015	$3,671	$78,000
2014	$3,671	$78,000 -8.2%
2013	$3,671 -22.7%	$85,000 -10.5%
2012	$4,749 +25.3%	$95,000 -13.6%
2011	$3,788 +11.8%	$110,000 -3.5%
2010	$3,390 +10.1%	$114,000 -1.7%
2009	$3,078 +14.8%	$116,000 +1.8%
2008	$2,681 -8.5%	$114,000 +4.6%
2007	$2,931 +30.1%	$109,000 +6.9%
2006	$2,253 +3.4%	$102,000 +7.4%
2005	$2,179 -12.8%	$95,000 +11.8%
2004	$2,500 +19.1%	$85,000 +7.6%
2003	$2,099 -1.9%	$79,000 +5.3%
2002	$2,141 +7.8%	$75,000 +5.6%
2001	$1,986 +5.4%	$71,000 +4.4%
2000	$1,884	$68,000