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 (9/1)
$399,999
1028 S Memorial DRIVE, Racine, WI 53403
--beds
--baths
--sqft
Multi Family, Apartment
Built in 1900
-- sqft lot
$390,400 Zestimate®
$--/sqft
$-- HOA
What's special
Practical floor plansUpdated eat-in kitchens
- 66 days
- 72
- 3
Zillow last checked:
Listing updated:
Listed by:
Susan Anderson PropertyInfo@shorewest.com,
Shorewest Realtors, Inc.
Source: WIREX MLS,MLS#: 1970894
Originating MLS: Metro MLS
Facts & 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
$390,400
$371,000 - $410,000
$1,382/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/1/2026 | Price change | $399,999-5.9% |
Source: | ||
| 8/11/2026 | Price change | $425,000-5.6% |
Source: | ||
| 7/28/2026 | Price change | $450,000-5.3% |
Source: | ||
| 7/9/2026 | Listed for sale | $475,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment



