Contact us: 563.441.1776
Description
Fully Occupied 20-unit apartment investment opportunity at 3200 Indiana St in Racine. Built in 1979, the property consists of 20 one-bedroom units averaging approximately 700 SF. Eight units have been renovated within the past year with updated flooring, appliances, kitchens and bathrooms, along with improvements to the common areas. Current rents average $976/unit with pro forma rents of $1,125, providing a clear path for continued value-add through renovation and rent growth. Tenant-paid, separately metered electric, individual water heaters, wall-sleeve A/C and electric baseboard heat help maintain an efficient expense structure. Convenient location near shopping, Reservoir Park and Highway 11.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Racine
High School: Not Assigned
Listed By:
Apartment Cash Flow, Inc.
651-263-3653
SCWMLS
MLS ID: 2032833
Units
Unit 1:
Bedrooms: 20
Full Baths: 20
Parking Description: 1 Space
Square Feet: 700
Listing Courtesy of:
Apartment Cash Flow, Inc.
Agency Phone: 651-263-3653
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3200 Indiana Street, Racine, WI 53405.
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563-441-1862
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,870,000 | $1,870,000 | $1,870,000 |
| Down Payment | $65,450 | $0 | $374,000 |
| Monthly Mortgage Amount | $12,062 | $12,549 | $10,079 |
| Taxes | $2602 | $2602 | $2602 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $1,123 | $0 | $0 |
| Monthly Estimated Total | $16,332 | $15,696 | $13,226 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 11/15/2026. The listing information on this page last changed on 11/15/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 11/15/2026 12:03:21 AM EST) or MRED MLS (last updated Sat 11/14/2026 11:54:59 PM EST) or SCWMLS (last updated Sat 11/14/2026 11:55:44 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sat 11/14/2026 10:15:31 PM EST) or Cedar Rapids MLS (last updated Sat 11/14/2026 10:45:14 PM EST) or NEIRBR MLS (last updated Sat 11/14/2026 11:58:40 PM EST) or ICAAR MLS (last updated Sat 11/14/2026 11:37:33 PM EST) or ECIMLS (last updated Sat 11/14/2026 8:33:19 AM EST) or RMLSA (last updated Sun 11/15/2026 12:00:57 AM EST) or Muscatine MLS (last updated Sun 11/15/2026 12:00:08 AM EST) or No Coast MLS (last updated Sat 11/14/2026 11:54:19 PM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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This information, provided by seller, listing broker, and other parties, may not have been verified.
Copyright © 2026 South Central Wisconsin MLS Corporation. All rights reserved
Privacy Policy / DMCA Notice / ADA Accessibility
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