Listing courtesy of Melges Real Estate
Property Description
Centrally located property with 2 apartments up and 2 retail business spaces below. Potential income from all 4 in excess of $4700/month. Currently a barber shop and a beauty shop on first floor and 2 apartments on 2nd floor. Potential for retail business or insurance agency or ??? Roof is 2 years old with a 20-year transferrable warranty, materials and labor. Ample parking on side and rear of building. Show south side upper and lower immediately. North side upper and lower are occupied and require 24 hrs. notice. Lower left unit is vacant, listed MLS #1939695. Let the tenants pay the mortgage. POSITIVE CASH FLOW!$!$
Features
: None
: Outdoor Space, Near Public Transit
: Municipal Sewer
Address Map
US
WI
Racine
Racine
53405
Grove
1116
Ave
W88° 10' 56.3''
N42° 43' 10.8''
Washington Ave to Grove, N on Grove to property.
Neighborhood
Racine Unified
Additional Info
Realty ONE Group Boardwalk
Darryl Heyden
Additional Information
2026-04-08
: Municipal Water
4000
: Wood, Brick, Low Maintenance Trim
Listing Information
30986
Active
2026-04-08T02:52:19Z
MetroMLS
2026-04-08T02:43:30Z
27235
Residential Income For Sale
1116 Grove Ave, Racine, Wisconsin 53405
0.11 Acre
$419,900
Listing ID #1956721
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 1956721
Price : $419,900
Year Built : 1969
Lot Area : 0.11 Acre
Listing Status : Active
Property Sub Type : Multi-Family
Agent info
Contact Agent
