Listed by Joseph Miller • North Shore Homes, Inc. Bought with Land-Quest Realty, LLC.
Off Market Jun 2018 for $500K
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bd
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sq ft
515 3 Mile Rd, Racine, WI 53402
About this home
Public Remarks: Opportunity to own three 4 unit buildings. All three buildings must be sold together. Addresses include 515, 523 Three Mile Rd and 3929 Erie St. All 2 bed/1 bath units. Total of 12 units. All three buildings have newer furnaces and hot water heaters. Some TLC needed. Opportunity to raise rents as seller has been getting higher rents. Showing one unit in the 515 Three Mile Rd building and common areas of all three until AO. Great location. Seller has been getting higher rents in the $625 - $650 as older units become open.
Local investor offering outstanding opportunity from a portfolio of rental properties in order to complete a 1031 exchange. Prices range from $119,900 to $264,900 & include 2,4, & 8 family properties. Possible package pricing and/or considerable owner-assisted financing. All are DILHR certified. Contact listing agent for annual property operating data.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
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Baths
4
Stories
2
Lot width
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Lot depth
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Lot size
9,017 Sq. Ft.
Year renovated
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Sq. Ft.
3,055
Year built
1958
Style
Multi-Family (5+ Unit)
County
Racine County
APN
04734014
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Sep 9, 2026.
R-4
General Residence District
The R4 general residence district is intended to protect and enhance the character and value of residential areas primarily occupied by varied dwelling types of moderate density approximately 20 dwelling units per net acre, and to accommodate areas planned for new residential development of moderate density.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Educational/school
Property details
Parking
Parking Information
Parking: Outdoor Space, Inside Parking, Outside
Interior
Room Information
Brick, Full, Laundry Facilities
Multi-Unit Information
# of Units: 12
Exterior
Building Information
Building Type: Apartment Building
Stories: 1-2
Roofing: Composition/Fiberglass
Exterior
Exterior: Aluminum/Steel, Aluminum, Brick/Stone, Brick, Other
Property Information
Stories: 1-2
Multi-Family
Information Source Year Built: Other - See Remarks
Land Information
Acreage: Less Than 1/2
Lot Information
Lot Acreage: 0.22
Zoning: R-4
Financial
Tax Information
Total Taxes: $13,717
Tax Year: 2017
Utilities
Utility Information
Municipal Sewer, Municipal Water
Heating/Cooling: Forced Air, Individual Heating Units
Natural Gas
Location
Neighborhood Information
Municipality: RACINE
Municipality Type: City
School Information
School District: Racine
Elementary School: Jerstad-Agerholm
Middle School: Jerstad-Agerholm
High School: Horlick
Public facts
Beds: —
Baths: 4.0
Sq. Ft.: 3,055
Stories: 2.0
Lot Size: 9,017 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1958
Year Renovated: —
County: Racine County
APN: 04734014
Home facts updated by county records on Sep 8, 2026
Other
Listing Information
Exclusions: Sellers/Tenants personal property
Around this home
Schools
Jerstad-Agerholm Elementary School
Public PreK-8 • Assigned • 0.5mi
1/10
Horlick High School
Public 9-12 • Assigned • 2.0mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 95° expected this year, 13 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Racine, WI • 53402
Average low and high temperatures (°F)
28
14
36
21
49
32
56
39
62
47
76
61
81
67
77
63
74
59
64
49
49
37
34
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.1 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.