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Listed with Apartment Cash Flow, Inc.
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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 $969/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 Type(s):
Multi Family
| Last Updated | 9/16/2026 | Year Built | 1979 |
|---|---|---|---|
| County | Racine |
SCHOOLS
| School District | Unknown |
|---|---|
| Elementary School | Not Assigned |
| Jr. High School | Not Assigned |
| High School | Not Assigned |
Additional Details
| BASEMENT | Sump pump, Unfinished, Yes |
|---|---|
| CONSTRUCTION | Brick |
| LOT | 1.02 acre(s) |
| MLS STATUS | Active |
| PARKING | Outside |
| SEWER | Public Sewer |
| TAXES | 31172 |
| WATER | Public |
Listed with Apartment Cash Flow, Inc.
Information is supplied by seller and other third parties and has not been verified.
Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved.
IDX information is provided exclusively 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.
This IDX solution is (c) Diverse Solutions 2026.
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