Six unit multifamily investment opportunity. Favorable mix of 2 1 bedroom and 4 2 bedroom units with practical floor plans. Income growth through lease-up possible with four recently vacant units that are rent-ready with updated eat-in kitchens, paint and flooring. Two occupied units have long-term clients month-to-month. Plenty of off street parking off the alley in the back and green space for tenants to enjoy.
Active
Price cut: $25K (7/28)
$450,000
1028 S Memorial DRIVE, Racine, WI 53403
--beds
--baths
--sqft
:
Get pre-qualified$3,253/mo
Multi Family, Apartment
Built in 1900
-- sqft lot
$431,700 Zestimate®
$--/sqft
$-- HOA
What's special
Practical floor plansUpdated eat-in kitchens
- 20 days |
- 109 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Susan Anderson PropertyInfo@shorewest.com,
Shorewest Realtors, Inc.
Source: WIREX MLS,MLS#: 1970894
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Heating
- Natural Gas, Forced Air
Appliances
- Included: Seller Owned: Water Heater
Features
- Basement: Block,Partial
- Has fireplace: No
Video & virtual tour
Property
Parking
- Parking features: Extra Space Available, Outdoor Space, Inside Parking, Outside
Lot
- Size: 0.39 Acres
Details
- Parcel number: 03890000
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Vinyl Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Racine
- Municipality: Racine
Financial & listing details
- Annual tax amount: $4,846
- Date on market: 7/9/2026
- Listing terms: Exchange
- Inclusions: All Units Have Range/Oven And Refrigerator.
Estimated market value
$431,700
$410,000 - $453,000
$1,335/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2026 | Price change | $450,000-5.3% |
Source:  WIREX MLS #1970894 Report a problem | ||
| 7/9/2026 | Listed for sale | $475,000 |
Source: WIREX MLS #1970894 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 53403
Nearby schools
GreatSchools rating
- NAJanes Elementary SchoolGrades: PK-5Distance: 1.5 mi
- 5/10Park High SchoolGrades: 7-12Distance: 0.3 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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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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