939 College Ave

$589,000
Price
Beds
Baths
5,017 Sq. Ft.
$117 / Sq. Ft.
5,017
Sq. Ft.
$117
per Sq. Ft.

Description

Great fully occupied investment opportunity. Beautiful Brick Building with 5 very unique units. Only blocks away from Lake Michigan, Downtown, and Gateway Technical College. This property offers one large 3/4-bedroom unit, and four one-bedroom units, along with a detached garage. All units include stove and refrigerator. Current rents total $4725/mo. Coin operated washer and dryer in basement for tenant convenance. There is also potential for a large storage/rental area in the basement. Owner is...Great fully occupied investment opportunity. Beautiful Brick Building with 5 very unique units. Only blocks away from Lake Michigan, Downtown, and Gateway Technical College. This property offers one large 3/4-bedroom unit, and four one-bedroom units, along with a detached garage. All units include stove and refrigerator. Current rents total $4725/mo. Coin operated washer and dryer in basement for tenant convenance. There is also potential for a large storage/rental area in the basement. Owner is also including 2 vacant lots in this sale. Both lots are in Racine. 256 N. Memorial Dr & 1707 Spring Pl. 1707 is .21 acres, backs up to Root River and is suitable for a single or 2 family home. Memorial is .07 and suitable for a single-family home. So much potential here to grow your portfolio!
  1. Listed by Patricia S Lemke • Brokerage DRE #938026-91 • Image Real Estate, Inc.
    P: (262)-770-9570 C: (262)-770-9570 pattyimage@aol.com

Amenities

  • Basement
  • Detached Garage
  • Dryer
  • Full Basement
  • Garage
  • Refrigerator
  • Stove
  • Washer
LISTING UPDATED: 12/14/2025 05:23 PM

Property Details for 939 College Avenue

StatusActive
MLS #1945152
Days on Market11
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 Image Real Estate, Inc.
Add your commute

Building Information for 939 College Avenue

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

Payment Calculator

$3,827 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,910

Property Taxes

$917

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 939 College Avenue

Summary
Location and General Information
  • Directions: Main St to 10th then West 2 blocks.
  • Latitude: 42.721686
  • Longitude: -87.78457
  • Postal Code: 53403
  • Postal Code Plus4: 1418
  • Zoning Description: R4
Parking
  • Attached Garage: No
  • Parking Features: None
Taxes and HOA
  • Additional Parcels Description: 06026000
  • Parcel Number: 00559000
School Information
  • High School District: Racine Unified
Property
Lot Information
  • Building Area Total: 5017.0
  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Source: Public Record
  • Lot Size Square Feet: 6534.0
  • Lot Size Units: Acres
Property and Assessments
  • Exclusions: Tenants personal property.
  • Inclusions: 5 Stoves, 5 refrigerators, 1 dishwasher, 1-coin operated washer, 1-coin operated dryer.
  • Year Built: 1920
Utilites
  • Sewer: Municipal Sewer
Interior and Exterior Features
Interior Features
  • Basement: Full
  • Basement: Yes
  • Bathrooms Total Integer: 0
  • Construction Materials: Brick
Multi Family
Income & Expenses
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Operating Expense: $.00
Rental
Rent Information
  • Tenant Pays: Electricity, Gas

Property History for 939 College Avenue

DateEvent & SourcePriceAppreciation
Dec 14, 2025

Listed (Active)

MetroMLS #1945152

$589,000
Jun 14, 2021

Sold

MetroMLS #1736317

Jun 10, 2021

Sold (Public Record)

Public Record #1464766438

May 4, 2021

Pending

MetroMLS #1736317

Apr 21, 2021

Listed (Active)

MetroMLS #1736317

$359,900
Mar 20, 2018

Sold

MetroMLS #1564457

Mar 19, 2018

Sold (Public Record)

Public Record #629320957

Mar 19, 2018

Sold (Public Record)

Public Record #619449182

Feb 15, 2018

Pending

MetroMLS #1564457

Jan 24, 2018

Listed (Active)

MetroMLS #1564457

$199,000
May 22, 2008

Sold (Public Record)

Public Record #430709981

DateEvent & SourcePrice
12/14/2025

Listed (Active)

MetroMLS #1945152

$589,000
06/14/2021

Sold

MetroMLS #1736317

06/10/2021

Sold (Public Record)

Public Record #1464766438

05/04/2021

Pending

MetroMLS #1736317

04/21/2021

Listed (Active)

MetroMLS #1736317

$359,900
03/20/2018

Sold

MetroMLS #1564457

03/19/2018

Sold (Public Record)

Public Record #629320957

03/19/2018

Sold (Public Record)

Public Record #619449182

02/15/2018

Pending

MetroMLS #1564457

01/24/2018

Listed (Active)

MetroMLS #1564457

$199,000
05/22/2008

Sold (Public Record)

Public Record #430709981

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

Public Records for 939 College Avenue

Taxable ValueLand$25,600Additions$267,400Total$293,000
Tax Record2024$11,004 ($917 / month)
Home Facts
Total Finished SqFt5,017 SqFtAbove Grade Finished SqFt5,017 SqFtStories2Lot Size6,621 SqFtStyleMiscellaneous CommercialYear Built1920ZoningR4CountyRACINEAPN276 000000559000

Schools near 939 College Avenue

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 - 6 to 8
Rating
School
Distance
Johnson Elementary School
PublicPK to 5

Mitchell Middle School
Public6 to 8

Case High School
Public9 to 12

Walden Iii Middle School
Public6 to 8

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

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939 College Avenue is a multi-family home for sale in Racine, WI 53403. This property was listed for sale on December 14, 2025 by Image Real Estate, Inc., it's currently listed at $589,000. It has been on the market for a total of 11 days and was last sold on June 14, 2021. This listing's school district is Racine Unified School District. Nearby schools include Johnson Elementary School, Mitchell Middle School and Case High School. 939 College Avenue is a 0-bed, 0-bath, 5,017 sqft 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 Image Real Estate, 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 12/14/2025 05:23 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