Investment property available in Janesville - upper/lower duplex with $2,300 gross monthly rent. Originally built as a duplex, lower unit includes 2 beds, 1 full bath, rent will be $1,150/month. Upper unit has 2 beds, 1 full bath, rent is $1,150/month. Month-to-month leases offer flexibility for new owner to raise rents, change lease terms, or convert to 12 month lease with one month's notice. Separate electric and gas meters, shared water meter. Low maintenance building, easily rented units. New in 2014; siding, windows, furnaces, water heaters, electric, and plumbing. Roof new about 2012. Two car detached garage, each tenant uses one garage stall. Long term lower tenant would like to stay and has written notices to be at market rate rent of $1,150 by June 2025(currently $950/month).
Sold for $232,500
$232,500
1223 Ravine St, Janesville, WI 53548
4beds
2,596sqft
Apartment
Built in 1920
-- sqft lot
$273,500 Zestimate®
$90/sqft
$1,098 Estimated rent
Home value
$273,500
$254,000 - $295,000
$1,098/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
John Mansur,
Mansur Real Estate LLC
Bought with:
Nicholas M Allen, 57676-90
RE/MAX Top Choice
Source: SCWMLS,MLS#: 1982103
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air
Features
- Basement: Full
Interior area
- Total structure area: 2,596
- Total interior livable area: 2,596 sqft
Property
Parking
- Total spaces: 4
- Parking features: 2 stall garage
- Garage spaces: 2
- Details: Outside
Features
- Levels: Two
Lot
- Size: 7,840 sqft
- Features: Near Public Transit
Details
- Parcel number: 241 0135200508
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Vinyl Siding
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate elec meters, Separate gas meters
Community & neighborhood
Location
- Region: Janesville
HOA & financial
Other financial information
- Total actual rent: 27600
Other
Other facts
- Listing terms: Arms Length
Price history
| Date | Event | Price |
|---|---|---|
| 10/2/2024 | Sold | $232,500-3.1%$90/sqft |
Source: Public Record Report a problem | ||
| 8/30/2024 | Pending sale | $239,900$92/sqft |
Source:  WIREX MLS #1982103 Report a problem | ||
| 7/24/2024 | Listed for sale | $239,900+377.1%$92/sqft |
Source: WIREX MLS #1982103 Report a problem | ||
| 3/24/2014 | Sold | $50,280+0.8%$19/sqft |
Source: Public Record Report a problem | ||
| 1/16/2014 | Price change | $49,900-13.8%$19/sqft |
Source: CENTURY 21 Affiliated #1700439 Report a problem | ||
| 12/6/2013 | Price change | $57,900-8.8%$22/sqft |
Source: CENTURY 21 Affiliated #1700439 Report a problem | ||
| 10/31/2013 | Listed for sale | $63,500+0.8%$24/sqft |
Source: Homepath #1700439 Report a problem | ||
| 11/2/2006 | Sold | $63,000$24/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,247 -0.4% | $249,800 |
| 2023 | $4,265 +11.9% | $249,800 +55.1% |
| 2022 | $3,812 +0.6% | $161,100 +1.4% |
| 2021 | $3,790 +4.7% | $158,900 |
| 2020 | $3,618 +2.3% | $158,900 |
| 2019 | $3,535 +10.3% | $158,900 +30.2% |
| 2018 | $3,204 | $122,000 |
| 2017 | $3,204 -0.2% | $122,000 |
| 2016 | $3,210 +43.8% | $122,000 +30.6% |
| 2014 | $2,232 -25.7% | $93,400 |
| 2013 | $3,004 +1.6% | $93,400 |
| 2012 | $2,958 +30.4% | $93,400 |
| 2011 | $2,269 | $93,400 +2.1% |
| 2010 | -- | $91,500 |
| 2009 | -- | $91,500 |
| 2008 | -- | $91,500 |
| 2007 | -- | $91,500 -7.8% |
| 2006 | -- | $99,200 |
Find assessor info on the county website
Neighborhood: 53548
Nearby schools
GreatSchools rating
- 5/10Madison Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 3/10Franklin Middle SchoolGrades: 6-8Distance: 0.8 mi
- 3/10Parker High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Washington
- Middle: Franklin
- High: Parker
- District: Janesville
Source: SCWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$273,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$273,500
- Wisconsin
- Rock County
- Janesville
- 53548
- 1223 Ravine St
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