$207,500

1217 Erie STREET, Racine, WI 53402

2,070 sqft

Multi-Family Home
Built in 1893
5,663sqft lot
2 car garage
$100/sqft
Listed 2 months ago

Property Description

Investment opportunity! This two-family home is ideally situated just minutes from downtown Racine and a short walk to the beautiful shores of Lake Michigan. Currently generating $2,300 per month in rental income, this property is perfect for investors seeking strong cash flow or homeowners looking to offset their mortgage with rental income. Lower lease is month to month, and upper leased until 2/28/26. Each unit offers spacious living areas, with separate entrances and tenant paid utilities. A new roof installed in 2024, with a 15 year warranty, provides peace of mind. Tenants enjoy close proximity to local shops, restaurants, and public transportation, making this a desirable rental location.

Listing Status:: Active
Listing Office:: Epique Realty : 2626567171
Listing Agent:: Megan Koehler-Cruz : 2626641787
MLS ID:: 804113925942

Basement: Full

General: Aluminum/SteelAluminum

General: 2 StoryDuplex

Originating MLS: WIREX_METRO
School District: Racine
County: RACINE

Zoning: R302412000

Utilities: 2 Electric Meters2 Gas Meters
Sewer: Municipal SewerMunicipal Water

Source: WIREX_METRO
Exclusions: Seller and Tenants personal property.

This listing courtesy of Megan Koehler-Cruz, Epique Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Janes Elementary School

1425 N Wisconsin St, Racine, WI, 53402

Grades KG-5

0.21 miles away

Gilmore Fine Arts School

2330 Northwestern Ave, Racine, WI, 53404

Grades KG-8

1.15 miles away

Racine Alternative Learning

2333 Northwestern Ave, Racine, WI, 53404

Grades KG-12

1.27 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.