Active
1220 N Memorial Dr, Racine, WI 53404
Est: $852/moGet pre-approved
Multi FamilyProperty Type
4,791 sq ftLot Size
1920Year Built

Description

This tri-plex property has 1 duplex house in the front and 1 single house in the back alley. Each unit has 3 bedrooms and a full bath. It used to generate $2,350 cash flow each month. Now they are all vacant. Need a complete rehab inside out. For those who are not afraid of the work and fixing, this is a great investment opportunity, only $33,000 per unit. Can be a cash cow once it is fixed and shining again. Price reflects the condition of the property. The property is sold as-is condition.This tri-plex property has 1 duplex house in the front and 1 single house in the back alley. Each unit has 3 bedrooms and a full bath. It used to generate $2,350 cash flow each month. Now they are all vacant. Need a complete rehab inside out. For those who are not afraid of the work and fixing, this is a great investment opportunity, only $33,000 per unit. Can be a cash cow once it is fixed and shining again. Price reflects the condition of the property. The property is sold as-is condition.
1 day on Market
  • Listed by: Zheng Wang 414.335.1666 zheng@homesteadrealtyinc.com Brokerage DRE #833274-91 • Homestead Realty, Inc
Last updated: 08/20/2026 05:41 PM • Source: MetroMLS, MLS#: 1977133

Amenities

  • Full Basement

Location

Listing Courtesy of Homestead Realty, Inc
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$852 per month

30 year fixed, 6.55% Interest

Principal and Interest

$508

Property Taxes

$344

HOA Dues

$0

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Property Information for 1220 North Memorial Drive

Property Details
Building Information
  • Year Built: 1920
  • Lot Size: 0.11 AC / 4,791 SF
Summary
Location and General Information
  • Latitude: 42.736278
  • Longitude: -87.800614
  • Postal Code: 53404
  • Zoning Description: Res
Parking
  • Attached Garage: No
  • Parking Features: None
Taxes and HOA
  • Parcel Number: 276-00-00-08-215-000
School Information
  • High School District: Racine Unified
Property
Lot Information
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Square Feet: 4791.6
  • Lot Size Units: Acres
Property and Assessments
  • Exclusions: personal property
  • Inclusions: 2 stoves
  • Year Built: 1920
Utilites
  • Sewer: Municipal Sewer
Interior and Exterior Features
Interior Features
  • Basement: Full
  • Basement: Yes
  • Construction Materials: Vinyl, Wood
Multi Family
Income & Expenses
  • Gross Scheduled Income: $28,200
  • Net Operating Income: $21,450
  • Operating Expense: $6,000.00
Rental
Rent Information
  • Tenant Pays: Electricity, Heat, Gas

Property History for 1220 North Memorial Drive

DateEvent & SourcePriceAppreciation
Aug 20, 2026

Listed (Active)

MetroMLS #1977133

$99,900
Apr 30, 2025

Off Market

MetroMLS #1894901

$170,000
Oct 5, 2024

Listed (Active)

MetroMLS #1894901

$170,000
DateEvent & SourcePrice
08/20/2026

Listed (Active)

MetroMLS #1977133

$99,900
04/30/2025

Off Market

MetroMLS #1894901

$170,000
10/05/2024

Listed (Active)

MetroMLS #1894901

$170,000

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

Public Records for 1220 North Memorial Drive

Taxable ValueLand$6,100Additions$108,100Total$114,200
Tax Record2025$4,123 ($344 / month)
Home Facts
Beds0Total Finished SqFt1,938 SqFtAbove Grade Finished SqFt1,938 SqFtStories2Lot Size4,879 SqFtStyleSingle Family ResidenceYear Built1900ZoningR3CountyRACINEAPN276 000008215000

Schools near 1220 North Memorial Drive

This home is within Racine Unified School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Julian Thomas Elementary School
PublicPK to 5

Gilmore Middle School
Public6 to 8

Horlick High School
Public9 to 12

Red Apple Elementary School
PublicK to 6

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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1220 North Memorial Drive is a multi-family home for sale in Racine, WI 53404. This property was listed for sale on August 20, 2026 by Homestead Realty, Inc, it's currently listed at $99,900. It has been on the market for a total of 1 days and was last sold on November 5, 2018. This listing's school district is Racine Unified School District. Nearby schools include Julian Thomas Elementary School, Gilmore Middle School and Horlick High School. 1220 North Memorial Drive is a 0-bed, 0-bath, multi-family home built in 1920.

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 Homestead Realty, 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 08/20/2026 05:41 PM 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