3200 Indiana Street

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Active
$1,870,000
20 beds700 sqft
3200 Indiana St, Racine, WI 53405
Est: $12,581/moGet pre-approved
Multi FamilyProperty Type
1.02 acresLot Size
1979Year Built
$2,671/sq ftPrice per sq ft
25 carsParking Spaces

Description

Fully Occupied 20-unit apartment investment opportunity at 3200 Indiana St in Racine. Built in 1979, the property consists of 20 one-bedroom units averaging approximately 700 SF. Eight units have been renovated within the past year with updated flooring, appliances, kitchens and bathrooms, along with improvements to the common areas. Current rents average $976/unit with pro forma rents of $1,125, providing a clear path for continued value-add through renovation and rent growth. Tenant-paid, separately...Fully Occupied 20-unit apartment investment opportunity at 3200 Indiana St in Racine. Built in 1979, the property consists of 20 one-bedroom units averaging approximately 700 SF. Eight units have been renovated within the past year with updated flooring, appliances, kitchens and bathrooms, along with improvements to the common areas. Current rents average $976/unit with pro forma rents of $1,125, providing a clear path for continued value-add through renovation and rent growth. Tenant-paid, separately metered electric, individual water heaters, wall-sleeve A/C and electric baseboard heat help maintain an efficient expense structure. Convenient location near shopping, Reservoir Park and Highway 11.
9 days on Market
  • Listed by: Max Fiascone • Apartment Cash Flow, Inc.
Last updated: 09/22/2026 04:10 PM • Source: SCWMLS, MLS#: 2032833

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$12,581 per month

30 year fixed, 7.03% Interest

Principal and Interest

$9,983

Property Taxes

$2,598

HOA Dues

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Property Information for 3200 Indiana Street

Property Details
  • Taxes: $31,172 / year
  • MLS Type: Multi Family / Apartment building
  • County: Racine County
  • Zoning: R3
Building Information
  • Building/Complex: 3200 Indiana St
  • Residences: 20
  • Year Built: 1979
Summary
Location and General Information
  • C/T/V: City
  • County: Racine
  • County Qtr Section: Other in Wisconsin
  • Directions: From Hwy 11/Durand Ave, south on Indiana St to 3200 Indiana St.
  • Location: Other in Wisconsin
  • Mailing City: Racine
  • Municipality: Racine
  • State: WI
  • Zip: 53405
Parking
  • Park/Unit: Outside
  • Parking Spaces Outside: 25
  • Parking Stalls Inside: 0
School Information
  • Elementary: Not Assigned
  • High School: Not Assigned
  • Middle School: Not Assigned
  • School District: Unknown
Taxes and HOA Information
  • Net Taxes: $31,172.00
  • Parcel ID: 276000024803003
  • Tax Year: 2025
Property
Property and Assessments
  • Class: Multi Family
  • Improvements: 1200800
  • Land Assess: $92,800.00
  • Total Assess: $1,293,600.00
  • Total Assess Year: 2025
  • Type: Apartment building
  • Year Built: 1979
Lot Information
  • Estimated Total Acres: 1.02
  • Source of Est. Acres: List Agent
  • Source of Year Built: Other
Utilities
  • Water/Waste: Municipal water, Municipal sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Brick
Interior Features
  • Number of Dish Washers: 0
  • Number of Dryers: 2
  • Number of Furnaces: 0
  • Number of Stoves: 20
  • Number of Refrigerators: 20
  • Number of Washers: 2
  • Number of Water Heaters: 21
  • Number of Water Softeners: 0
  • Basement: Sump pump, Storage area, Unfinished
  • Heating Fuel: Electric
  • Heating Type: Radiant
  • Number of Efficiencies: 0
Room Information
Bedrooms
  • Number of 1 Bedrooms: 20
  • Number of 2 Bedrooms: 0
  • Number of 3+ Bedrooms: 0
Multi Family
Unit Information
  • Number of Units w/AC: 20
  • Number of Units: 20
Income & Expenses Information
  • Net Operating Income: $143,379
  • Total Expenses: $80,061
  • Total Income: $223,440
Unit 1
  • U1 Landlord Pays Heat: No
  • U1 Landlord Pays Electric: No
  • U1 Landlord Pays Water/Sewer: Yes
  • Unit 1: 0
  • U1 Parking: 1 Space
  • U1 Number of Bedrooms: 20
  • U1 Full Baths: 20
  • U1 Half Baths: 0
  • U1 SqFt: 700
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Primary BedRoom Level: M
  • Unit 1 Kitchen Dimensions: 0x0
  • Unit 1 Living/Great Room Dimensions: 0x0
  • Unit 1 Primary BedRoom Dimensions: 0x0
Unit 2
  • U2 Landlord Pays Heat: No
  • U2 Landlord Pays Electric: No
  • U2 Landlord Pays Water/Sewer: Yes
  • Unit 2: 0
  • U2 Parking: None
  • U2 Number of Bedrooms: 0
  • U2 Full Baths: 0
  • U2 Half Baths: 0
  • U2 SqFt: 0

Property History for 3200 Indiana Street

DateEvent & SourcePriceAppreciation
Sep 16, 2026

Listed (Active)

SCWMLS #2032833

$1,870,000—
Jul 11, 2025

Sold (Public Record)

Public Record #1907081109

—
Mar 29, 2002

Sold

MetroMLS #582756

—
DateEvent & SourcePrice
09/16/2026

Listed (Active)

SCWMLS #2032833

$1,870,000
07/11/2025

Sold (Public Record)

Public Record #1907081109

—
03/29/2002

Sold

MetroMLS #582756

—

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

Public Records for 3200 Indiana Street

Taxable ValueLand$92,800Additions$1,200,800Total$1,293,600
Tax Record2025$31,172 ($2,598 / month)
Home Facts
Baths20Total Finished SqFt15,744 SqFtAbove Grade Finished SqFt15,744 SqFtStories2Lot Size44,301 SqFtStyleMiscellaneous CommercialYear Built1979ZoningR3CountyRACINEAPN276 000024803003

Schools near 3200 Indiana Street

This home is within Racine Unified School District.
Rating
School
Type
Grades
Distance
Johnson Elementary School
Public - PK to 5
Jerstad-Agerholm Middle School
Public - 6 to 8
Case High School
Public - 9 to 12
Jones Elementary School
Public - PK to 5
Rating
School
Distance
Johnson Elementary School
PublicPK to 5

Jerstad-Agerholm Middle School
Public6 to 8

Case High School
Public9 to 12

Jones Elementary School
PublicPK 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 3200 Indiana Street, Racine, WI 53405

3200 Indiana Street is a multi-family home for sale in Racine, WI 53405. This property was listed for sale on September 16, 2026 by Apartment Cash Flow, Inc., it's currently listed at $1,870,000. It has been on the market for a total of 9 days and was last sold on July 11, 2025. This listing's school district is Racine Unified School District. Nearby schools include Johnson Elementary School, Jerstad-Agerholm Middle School and Case High School. 3200 Indiana Street is a 20-bed, 20-bath, 700 sqft multi-family home built in 1979.

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 Apartment Cash Flow, 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 09/22/2026 04:10 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