1231 Marquette St

$325,000
Price
Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Exceptional Cash-Flowing Four-Family Property in Racine. This property currently generates $3,625 per month in rental income, with potential for growth. Two of the four units have been converted into three-bedroom layouts. You also have the opportunity to transform the remaining two units, maximizing your investment!Exceptional Cash-Flowing Four-Family Property in Racine. This property currently generates $3,625 per month in rental income, with potential for growth. Two of the four units have been converted into three-bedroom layouts. You also have the opportunity to transform the remaining two units, maximizing your investment!
  1. Listed by Adam J Pischke • ReBelle Realty
    P: (262)-939-5822 C: (262)-939-5822 Adam@Rebellerealty.com

Amenities

  • Full Basement
LISTING UPDATED: 08/06/2025 02:09 PM

Property Details for 1231 Marquette Street

StatusActive
MLS #1926108
Days on Market171
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1920
Lot Size0.15 AC / 6,534 SF
CountyRacine County

Location

Listing Courtesy of ReBelle Realty
Add your commute

Building Information for 1231 Marquette Street

Stories-Residences-Year Built1920Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$2,105 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,606

Property Taxes

$499

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1231 Marquette Street

Summary
Location and General Information
  • Directions: Go north on Marquette St past State St, will be on the east side.
  • Latitude: 42.736596
  • Longitude: -87.792513
  • Postal Code: 53404
  • Zoning Description: Res
Parking
  • Attached Garage: No
  • Parking Features: Near Public Transit, Outdoor Space
Taxes and HOA
  • Parcel Number: 02117000
School Information
  • High School District: Racine Unified
Property
Lot Information
  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Square Feet: 6534.0
  • Lot Size Units: Acres
Property and Assessments
  • Exclusions: All tenants personal property
  • Inclusions: 4 Stoves / 4 Refrigerators
  • Year Built: 1920
Utilites
  • Sewer: Municipal Sewer
Interior and Exterior Features
Interior Features
  • Basement: Laundry Facilities, Full
  • Basement: Yes
  • Bathrooms Total Integer: 0
  • Construction Materials: Aluminum Siding, Vinyl
Multi Family
Income & Expenses
  • Gross Scheduled Income: $43,500
  • Net Operating Income: $0
  • Operating Expense: $.00
Rental
Rent Information
  • Tenant Pays: Electricity, Heat, Gas

Property History for 1231 Marquette Street

DateEvent & SourcePriceAppreciation
Aug 6, 2025

Price Change

MetroMLS #1926108

$325,000
Jul 11, 2025

Listed (Active)

MetroMLS #1926108

$339,900
Sep 30, 2024

Off Market

MetroMLS #1878571

$355,000
Jun 7, 2024

Listed (Active)

MetroMLS #1878571

$375,000
Jul 7, 2023

Sold

MetroMLS #1836835

Jun 4, 2023

Pending

MetroMLS #1836835

Jun 2, 2023

Listed (Active)

MetroMLS #1836835

$235,000
Jan 31, 2023

Off Market

MetroMLS #1815348

$239,900
Oct 19, 2022

Listed (Active)

MetroMLS #1815348

$239,900
Oct 16, 2022

Off Market

MetroMLS #1806827

$249,900
Aug 12, 2022

Listed (Active)

MetroMLS #1806827

$265,000
Dec 30, 2021

Sold

MetroMLS #1770537

Nov 4, 2021

Pending

MetroMLS #1770537

Nov 3, 2021

Listed (Active)

MetroMLS #1770537

$199,900
Oct 2, 2019

Sold

MetroMLS #1655865

Oct 1, 2019

Sold (Public Record)

Public Record #656285030

Sep 4, 2019

Pending

MetroMLS #1655865

Aug 26, 2019

Listed (Active)

MetroMLS #1655865

$159,900
DateEvent & SourcePrice
08/06/2025

Price Change

MetroMLS #1926108

$325,000
07/11/2025

Listed (Active)

MetroMLS #1926108

$339,900
09/30/2024

Off Market

MetroMLS #1878571

$355,000
06/07/2024

Listed (Active)

MetroMLS #1878571

$375,000
07/07/2023

Sold

MetroMLS #1836835

06/04/2023

Pending

MetroMLS #1836835

06/02/2023

Listed (Active)

MetroMLS #1836835

$235,000
01/31/2023

Off Market

MetroMLS #1815348

$239,900
10/19/2022

Listed (Active)

MetroMLS #1815348

$239,900
10/16/2022

Off Market

MetroMLS #1806827

$249,900
08/12/2022

Listed (Active)

MetroMLS #1806827

$265,000
12/30/2021

Sold

MetroMLS #1770537

11/04/2021

Pending

MetroMLS #1770537

11/03/2021

Listed (Active)

MetroMLS #1770537

$199,900
10/02/2019

Sold

MetroMLS #1655865

10/01/2019

Sold (Public Record)

Public Record #656285030

09/04/2019

Pending

MetroMLS #1655865

08/26/2019

Listed (Active)

MetroMLS #1655865

$159,900

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

Public Records for 1231 Marquette Street

Taxable ValueLand$27,500Additions$200,500Total$228,000
Tax Record2024$5,984 ($499 / month)
Home Facts
Total Finished SqFt3,761 SqFtAbove Grade Finished SqFt3,761 SqFtStories2Lot Size6,752 SqFtStyleMiscellaneous CommercialYear Built1920ZoningR3CountyRACINEAPN276 000002117000

Schools near 1231 Marquette Street

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 5
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 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.

Similar Homes

Similar Sold Homes

1231 Marquette Street is a multi-family home for sale in Racine, WI 53404. This property was listed for sale on July 11, 2025 by ReBelle Realty, it's currently listed at $325,000. It has been on the market for a total of 171 days and was last sold on July 7, 2023. This listing's school district is Racine Unified School District. Nearby schools include Julian Thomas Elementary School, Gilmore Middle School and Horlick High School. 1231 Marquette Street 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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ReBelle Realty

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 08/06/2025 02:09 PM Listing presented by Compass RE WI-Tosa. Information is supplied by seller and other third parties and has not been verified. Copyright 2025 – WiREx. – All Rights Reserved