1116 Grove AVENUE #1118, Racine, WI, 53405
About This Home
Centrally located property with 2 apartments up and 2 retail business spaces below. Potential income from all 4 in excess of $4700/month. Currently a barber shop and a beauty shop on first floor and 2 apartments on 2nd floor. Potential for retail business or insurance agency or ??? Roof is 2 years old with a 20-year transferrable warranty, materials and labor. Ample parking on side and rear of building. Show south side upper and lower immediately. North side upper and lower are occupied and require 24 hrs. notice. Lower left unit is vacant, listed MLS #1939695. Let the tenants pay the mortgage. POSITIVE CASH FLOW!$!$
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: 21+ Years
- Year built: 1969
Materials
- Construction materials: Brick/Stone,Brick,Aluminum Trim,Wood Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Apartment
Interior
Appliances
- Appliances included: Seller Leased: Dryer,Seller Leased: Washer,Dryer,Washer
Basement
- Basement: None / Slab
Heating & Cooling
- Heating features: Electric,Natural Gas,Central Air,Individual Heating Units
- Cooling features: Central Air,Individual Heating Units,Wall/Sleeve Air
Property
Details
- Parcel number: 12769000
- Zoning: mixed-use
- Exclusions: Seller's And Tenants' Personal Property
Lot
- Lot size: 4,791 sqft
Parking
- Parking features: Outdoor Space,Inside Parking,Outside
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Lightning
- Strong Wind
- Tornado
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Wisconsin Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,097 | $25,164 |
| Home Insurance * | $201 | $2,412 |
| Property Taxes | $497 | $5,964 |
| Electricity | $171 | $2,054 |
| Total | $2,966 | $35,592 |
Income You'd Need if You Spent...
Wisconsin FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-14 | Price change | $414,900 |
| 2026-04-08 | Listed for sale | $419,900 |
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