1028 S Memorial Dr

Racine, WI 53403

$475,000
Price
—
Beds
—
Baths
4,550 Sq. Ft.
$104 / Sq. Ft.
4,550
Sq. Ft.
$104
per Sq. Ft.
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Two Bedroom Kitchen
Lockbox on This Door
Looking From the Living Room
I Bedroom Kitchen
1 Bedroom Kitchen
1 Bedroom
1 Bedroom Closet
2 Bedroom Living Room
Two Bedroom Eat In Kitchen
Two Bedroom Bathroom
oom Other Bedroom
North Side of Building
West Side of Building
Off Steet Parking Area
South Side of Building
Front of Building
I Bedroom Floor Plan
2 Bedroom Floor Plan

Description

Six unit multifamily investment opportunity. Favorable mix of 2 1 bedroom and 4 2 bedroom units with practical floor plans. Income growth through lease-up possible with four recently vacant units that are rent-ready with updated eat-in kitchens, paint and flooring. Two occupied units have long-term clients month-to-month. Plenty of off street parking off the alley in the back and green space for tenants to enjoy.Six unit multifamily investment opportunity. Favorable mix of 2 1 bedroom and 4 2 bedroom units with practical floor plans. Income growth through lease-up possible with four recently vacant units that are rent-ready with updated eat-in kitchens, paint and flooring. Two occupied units have long-term clients month-to-month. Plenty of off street parking off the alley in the back and green space for tenants to enjoy.
  1. Listed by Susan Anderson • Brokerage DRE #7771-91 • Shorewest Realtors, Inc.
    P: (262)-902-5334 C: (262)-902-5334 susananderson@shorewest.com

Amenities

  • Basement
  • Eat-in Kitchen
  • Partial Basement
  • Street Parking
LISTING UPDATED: 07/11/2026 10:39 AM

Property Details for 1028 South Memorial Drive

StatusActive
MLS #1970894
Days on Market4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1900
Lot Size0.39 AC / 16,988 SF
CountyRacine County
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Location

Listing Courtesy of Shorewest Realtors, Inc.
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Building Information for 1028 South Memorial Drive

Stories-Residences-Year Built1900Building Size-Lot Size0.39 AC / 16,988 SF

Payment Calculator

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$2,771 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,367

Property Taxes

$404

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1028 South Memorial Drive

Summary
Location and General Information
  • Directions: S. Memorial Dr. between 10th and 11th St. on the west side of the street. Access off street parking through the alley on Harbridge Ave. - 1028 S. Memorial Drive.
  • Latitude: 42.720529
  • Longitude: -87.799205
  • Postal Code: 53403
  • Postal Code Plus4: 1652
  • Zoning Description: R3
Parking
  • Attached Garage: No
  • Parking Features: Near Public Transit, Extra Space Avail, Outdoor Space
Taxes and HOA
  • Parcel Number: 03890000
School Information
  • High School District: Racine Unified
Property
Lot Information
  • Building Area Total: 4550.0
  • Lot Size Acres: 0.39
  • Lot Size Area: 0.39
  • Lot Size Source: Public Record
  • Lot Size Square Feet: 16988.4
  • Lot Size Units: Acres
Property and Assessments
  • Inclusions: All units have range/oven and refrigerator.
  • Year Built: 1900
Utilites
  • Sewer: Municipal Sewer
Interior and Exterior Features
Interior Features
  • Basement: Block, Partial
  • Basement: Yes
  • Construction Materials: Vinyl
Multi Family
Income & Expenses
  • Gross Scheduled Income: $72,000
  • Net Operating Income: $11,436
  • Operating Expense: $11,964.00
Rental
Rent Information
  • Tenant Pays: Electricity, Heat

Property History for 1028 South Memorial Drive

DateEvent & SourcePriceAppreciation
Jul 9, 2026

Listed (Active)

MetroMLS #1970894

$475,000—
Aug 15, 1998

Off Market

MetroMLS #429255

$69,000—
Jul 12, 1998

Listed (Active)

MetroMLS #429255

$69,000—
DateEvent & SourcePrice
07/09/2026

Listed (Active)

MetroMLS #1970894

$475,000
08/15/1998

Off Market

MetroMLS #429255

$69,000
07/12/1998

Listed (Active)

MetroMLS #429255

$69,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1028 South Memorial Drive

Taxable ValueLand$30,900Additions$155,000Total$185,900
Tax Record2025$4,846 ($404 / month)
Home Facts
Baths6Total Finished SqFt4,550 SqFtAbove Grade Finished SqFt4,550 SqFtStories3Lot Size17,032 SqFtStyleMiscellaneous CommercialYear Built1900ZoningR3CountyRACINEAPN276 000003890000

Schools near 1028 South Memorial Drive

This home is within Racine Unified School District.
Rating
School
Type
Grades
Distance
West Ridge Elementary School
Public - PK to 5
Mitchell Middle School
Public - 6 to 8
Park High School
Public - 7 to 12
Jefferson Lighthouse Elementary School
Public - K to 5
Rating
School
Distance
West Ridge Elementary School
PublicPK to 5

Mitchell Middle School
Public6 to 8

Park High School
Public7 to 12

Jefferson Lighthouse Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1028 South Memorial Drive, Racine, WI 53403

1028 South Memorial Drive is a multi-family home for sale in Racine, WI 53403. This property was listed for sale on July 9, 2026 by Shorewest Realtors, Inc., it's currently listed at $475,000. It has been on the market for a total of 4 days and was last sold on November 17, 1995. This listing's school district is Racine Unified School District. Nearby schools include West Ridge Elementary School, Mitchell Middle School and Park High School. 1028 South Memorial Drive is a 0-bed, 0-bath, 4,550 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Shorewest Realtors, Inc.

Based on information from one of the following Multiple Listing Services: Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 07/11/2026 10:39 AM Listing presented by Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties. Compass · Tel: 212-913-9058 · New York, NY Information is supplied by seller and other third parties and has not been verified. Copyright 2026 – WiREx. – All Rights Reserved