Great fully occupied investment opportunity. Beautiful Brick Building with 5 very unique units. Only blocks away from Lake Michigan, Downtown, and Gateway Technical College. This property offers one large 3/4-bedroom unit, and four one-bedroom units, along with a detached garage. All units include stove and refrigerator. Current rents total $4725/mo. Coin operated washer and dryer in basement for tenant convenance. There is also potential for a large storage/rental area in the basement.
Active
Price cut: $74K (3/4)
$475,000
939 College AVENUE, Racine, WI 53403
--beds
--baths
--sqft
Est.:
Multi Family, Apartment
Built in 1920
-- sqft lot
$463,000 Zestimate®
$--/sqft
$-- HOA
What's special
Detached garageFour one-bedroom unitsBeautiful brick building
- 81 days |
- 746 |
- 20 |
Zillow last checked: 8 hours ago
Listing updated: March 03, 2026 at 11:00am
Listed by:
Patricia Lemke 262-770-9570,
Image Real Estate, Inc.
Source: WIREX MLS,MLS#: 1945152
Originating MLS: Metro MLS
Originating MLS: Metro MLSTour with a local agent
Facts & features
Interior
Heating
- Natural Gas, Hot Water/Steam
Appliances
- Included: Dryer, Washer
Features
- Basement: Full
- Has fireplace: No
Property
Parking
- Parking features: No Garage, Inside Parking, Outside
Lot
- Size: 6,534 Square Feet
Details
- Additional parcels included: 06026000,08313000
- Parcel number: 00559000
- Zoning: R4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick/Stone, Brick
Condition
- 21+ Years
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Racine
- Municipality: Racine
Financial & listing details
- Annual tax amount: $6,844
- Date on market: 12/14/2025
- Inclusions: 5 Stoves, 5 Refrigerators, 1 Dishwasher, 1-Coin Operated Washer, 1-Coin Operated Dryer.
- Exclusions: Tenants Personal Property.
Estimated market value
$463,000
$440,000 - $486,000
$1,294/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/4/2026 | Price change | $475,000-13.5% |
Source:  WIREX MLS #1945152 Report a problem | ||
| 2/5/2026 | Price change | $549,000-6.8% |
Source: WIREX MLS #1945152 Report a problem | ||
| 12/14/2025 | Listed for sale | $589,000+48.7% |
Source: WIREX MLS #1945152 Report a problem | ||
| 6/14/2021 | Sold | $396,000+10% |
Source: WIREX MLS #1736317 Report a problem | ||
| 5/4/2021 | Pending sale | $359,900+80.9% |
Source: WIREX MLS #1736317 Report a problem | ||
| 3/11/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium_1 Report a problem | ||
| 2/10/2021 | Price change | $1,200+77.8% |
Source: Zillow Rental Network Premium_1 Report a problem | ||
| 1/27/2021 | Listed for rent | $675 |
Source: Zillow Rental Network Premium_1 Report a problem | ||
| 3/24/2018 | Listing removed | $199,000 |
Source: Coldwell Banker Real Estate One #1564457 Report a problem | ||
| 2/16/2018 | Pending sale | $199,000 |
Source: Coldwell Banker Real Estate One #1564457 Report a problem | ||
| 1/24/2018 | Listed for sale | $199,000 |
Source: Coldwell Banker Real Estate One #1564457 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$3,048/mo
Principal & interest
$2450
Property taxes
$598
Climate risks
Neighborhood: Live Towerview
Nearby schools
GreatSchools rating
- 2/10Johnson Elementary SchoolGrades: PK-5Distance: 2.7 mi
- NAWalden Iii Middle SchoolGrades: 6-8Distance: 0.3 mi
- 3/10Case High SchoolGrades: 9-12Distance: 4.5 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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