1625 Phillips Ave, Racine, WI 53403
10 Units
$140,000
Sold

1625 Phillips Ave, Racine, WI 53403

$140,000

$140,000

front

front

Features

  • Multi-Family
  • Status: Sold
  • Total Number of Units: 10
  • Unit Type 1 # of Units: 1
  • Unit Type 1 Avg Rent: $775
  • Unit Type 2 # of Units: 9
  • Unit Type 2 Avg Rent: $318
  • Inside Parking: 4
  • Est. Square Footage: 2,800
  • Est. Year Built: 1927
  • School District: Racine
  • County: Racine
  • Postal Municipality: Racine
  • MLS#: 1794735
  • Listing Company: The Curated Key Collective
  • Price/SqFt: $64
  • Zip Code: 53403

Property Description

1625 Phillips Ave, Racine, WI 53403 - Here's your opportunity to own one of the few licensed Rooming Houses/SROs in Racine! There are 9 individually leased furnished rooms upstairs and a 2 bedroom apartment below. The rooming house has a kitchen and bathroom and coin op washer and dryer that are shared by the tenants. All tenants are MTM. With recent tenants renting at $325/room/mo and in-place $775/mo lease for lower, this property is a cash cow! There are also 2-3 garage stalls that can be rented out for additional income. Pro Forma/operating statement available upon request.

  • Additional features

    Basement

    • Full

    Interior Features

    • Heating/Cooling: Hot Water/Steam, Natural Gas
    • Water Waste: Municipal Sewer, Municipal Water
    • Inclusions: washer, dryer, stove

    Building and Construction

    • Duplex +, Rooming House

    Land Features

    • Waterfront/Access: N
  • Property History
    MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
    1794735 Sold ActiveWO Mar 26 2024 12:00AM $140,000 614
    1794735 Sold ActiveWO Mar 26 2024 12:00AM $140,000 614
    1794735 ActiveWO Expired Feb 6 2024 9:28AM 614
    1794735 Expired ActiveWO 614
    1794735 ActiveWO Active Jan 30 2024 2:57PM 614
    1794735 Sep 21 2023 12:17PM $179,900 $205,000 614
    1794735 Jul 5 2023 7:46AM $205,000 $225,000 614
    1794735 Sep 16 2022 10:02AM $225,000 $245,000 614
    1794735 Aug 19 2022 9:29AM $245,000 $250,000 614
    1794735 Jul 15 2022 6:58AM $250,000 $279,000 614
    1794735 Jul 8 2022 2:45PM $279,000 $294,500 614
    1794735 Jun 17 2022 9:41AM $294,500 $304,500 614
    1794735 Active May 27 2022 3:44PM $304,500 614
    962181 Expired Active 184
    962181 Active Aug 29 2007 4:49PM $132,900 184
    894689 Expired Active 182
    894689 Active Feb 27 2007 11:52AM $139,000 182
  • Schools
  • Demographics
  • Market Conditions
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Buyer understands that the information which is contained on Data pages is obtained from a number of different sources and which has not been independently verified or confirmed by the various real estate brokers and agents who have been and are involved in this transaction. If any particular measurement or data element is important or material to buyer, Buyer assumes all responsibility and liability to research, verify and confirm said data element and measurement. REALTOR *MLS* Equal Housing Opportunity

Home Valuation Report