REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Alexander Gray-Broses Durante & Rich Real Estate
$ 214,900
Est. payment /mo
New
1518 Lombard Ave Racine, WI 53402
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1986811
Year Built 1917
Annual Tax Amount $3,808
Tax Year 2025
Acres 0.09
Property Sub-Type Two Family
Property Description
Up/down duplex a few blocks from North Beach and the Lake Michigan shoreline in North Racine. Both units are occupied, so the next owner has income from day one. The lower unit has 2 bedrooms and 1 bath. The upper unit has 1 bedroom and 1 bath. Each unit has its own lease and works well for an investor adding doors. The price reflects needed updates, so there's room to build equity and grow rents over time. Current rents: Lower $995/mo. Upper $950/mo. Total gross rent is $1,945/mo ($23,340/yr).
Location
State WI
County Racine
Zoning R3
Rooms
Basement Full
Exterior
Parking Features Paved Driveway
Garage Description None
Exclusions Tenant's belongings
Building
Water Municipal Water
Structure Type Vinyl
Schools
School District Racine Unified
Others
Tax ID 20186000
Copyright 2026 Multiple Listing Service, Inc. - All Rights Reserved