About 3200 Indiana Street
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.
Features of 3200 Indiana Street
| MLS® # | 2032833 |
|---|---|
| Price | $1,870,000 |
| Year Built | 1979 |
| Type | Multi Family |
| Status | Active |
| Detailed Status | Active |
| Net Taxes | $31,172 |
| Tax Year | 2025 |
Community Information
| Address | 3200 Indiana Street |
|---|---|
| Area | Other in Wisconsin |
| City | Racine |
| County | Racine |
| State | WI |
| Zip Code | 53405 |
Amenities
Interior
| Heating | Radiant |
|---|
Exterior
| Exterior | Brick |
|---|
School Information
| District | Unknown |
|---|---|
| Elementary | Not Assigned |
| Middle | Not Assigned |
| High | Not Assigned |
Additional Information
| Zoning | R3 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Assessed Value | $1,293,600 |
| Year Assessed | 2025 |
Open House Information
Listing Details
| Office | Apartment Cash Flow, Inc. |
|---|