Listed by Alexis Brooks • Milwaukee's Best Real Estate Services LLC. Bought with Shorewest Realtors - South Metro.
Off Market Dec 2023 for $155K
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Est. refi paymentEst. refi$1,048/mo
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bd
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— ba
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sq ft
87 Riverside Dr, Racine, WI 53404
About this home
Public Remarks: Welcome to the perfect investment opportunity! You can rent out all units or even owner occupy the vacant unit. Recently grossed $2400/mo when fully occupied. This is an excellent opportunity for investors who are looking for a steady stream of rental income. Don't miss out on the chance to own this fantastic triplex.
Multi-familyProperty Type
1904Year Built
3,049 sq ftLot Size
Listed by Alexis Brooks• Milwaukee's Best Real Estate Services LLC
Bought with Alejandro Sanchez• Shorewest Realtors - South Metro
Ashley Ortiz • Berkshire Hathaway HomeServices Metro Realty-Racine
See all
Provided by Redfin
Sale history for 87 Riverside Dr
Date
Event
Price
METROMLS #1855597
Dec 7, 2023
Sold
$155,000
Oct 26, 2023
Contingent
—
Oct 23, 2023
Listed
$160,000
METROMLS #1839704
Oct 22, 2023
Listing Removed
—
Sep 22, 2023
Relisted
—
Sep 22, 2023
Listing Removed
—
Aug 31, 2023
Relisted
—
Aug 24, 2023
Pending
—
Jun 21, 2023
Listed
$160,000
Public Records
Sep 13, 2021
Sold
$162,500
Public Records
Sep 10, 2021
Sold
$115,000
METROMLS #1298370
Sep 20, 2013
Listed
$29,950
Sep 20, 2013
Listing Removed
—
May 29, 2013
Sold
$31,000
Public Remarks
Excellent cash flow potential for the owner or investor. Features 2 units with 2 bedrooms and 1 unit with 1 bedroom. This is a Fannie Mae HomePath property. Purchase this property for as little as 3% down! This property is approved for HomePath Renovation Mortgage Financing.
*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
5
Baths
3
Stories
2
Lot width
40 ft.
Lot depth
68 ft.
Lot size
2,831 Sq. Ft.
Year renovated
—
Sq. Ft.
1,954
Year built
1904
Style
Multi-Family (2-4 Unit)
County
Racine County
APN
07331001
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 26, 2026.
R-3
Limited General Residence District
The R3 limited general residence district is intended to provide areas which are to be occupied substantially by single-family and two-family dwellings and attached dwellings. It is designed to accommodate limited apartment dwellings while maintaining a low density owner-occupancy character.
Permitted uses
Include but are not limited to:
Community / recreation center
Religious facility
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Educational/school
Recreation
Golf related
Park & open space
Property details
Parking
Parking Information
Parking: Inside Parking, Outside
Interior
Room Information
Full
Equipment
Appliances: Water Heater (Seller Owned)
Multi-Unit Information
# of Units: 3
Exterior
Building Information
Stories: 3-4
Exterior
Exterior: Aluminum/Steel, Aluminum
Property Information
Stories: 3-4
Multi-Family
Information Source Year Built: Assessor/Public Record
Property Features
Water Features: View of Water
Land Information
Acreage: Less Than 1/2
Lot Information
Lot Acreage: 0.07
Zoning: R-3
Financial
Tax Information
Total Taxes: $1,912.68
Tax Year: 2022
Utilities
Utility Information
Municipal Sewer, Municipal Water
Heating/Cooling: Forced Air
Location
Neighborhood Information
Municipality: RACINE
Municipality Type: City
School Information
School District: Racine
Public facts
Beds: 5
Baths: 3.0
Sq. Ft.: 1,954
Stories: 2.0
Lot Size: 2,831 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1904
Year Renovated: —
County: Racine County
APN: 07331001
Home facts updated by county records on Aug 26, 2026
Other
Listing Information
Inclusions: Stove and fridge in each unit
Exclusions: Tenants personal property
Around this home
Schools
Janes Elementary School
Public PreK-5 • Assigned • 1.4mi
Park High School
Public 7-12 • Assigned • 0.5mi
5/10
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 • 53404
Average low and high temperatures (°F)
28
14
36
21
49
32
56
39
62
47
76
61
81
67
78
64
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.
10.1 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
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