🏷️ Likely Rental
1124 Lasalle St · Racine, WI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $636 – $1,182
Heat risk 2/10 · Minimal
- Hot days now (above 95°F)
- 7 days/yr
- Hot days in 30 yrs
- 13 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B+ grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Livability +4.0/5.0
- Rent growth +2.5/5.0
- Condition / age +2.5/5.0
- Schools +1.5/10.0
- Appreciation +0.0/10.0
$87,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed
Listing remarks MLS
Huge 3/2 Duplex located in Racine with 2,000+ Sq Ft is ready to be beautified! CASH or HARD MONEY ONLY! This home has a shared driveway/parking spaces with the property next door also being sold. Featuring a spacious front porch area and plenty of large windows. The lower unit currently rents for $1,000 per month, while the upper unit rents for $650 per month. Located near Racine North Beach on Lake Michigan, Racine Public Library, and William Horlick High School. This home is fully occupied. Schedule a showing today!
Key facts
- Large front porch
- Generous windows
- 7,840 sq ft lot
Tags
Property features AI
Finance
- Other: Estimated unit size range: roughly 1,001–1,250 sq. ft.; Unit 1 size approximately 1,050; Unit 2 size approximately 960; Building contains 2 units
- Financial info: Total taxes listed (see listing for details)
Exterior
- Parking: 1 parking space
- Utilities: Municipal water; Municipal sewer; Separate meters: 2 electric meters, 2 gas meters
- Home design: 2-story duplex; Multi-family property; Zoning: R3
- Construction: Less than 1/2 acre lot (approx. 0.18 acre); Year built from assessor/public records
- Exterior features: Vinyl exterior
Interior
- Kitchen: Unit 2 kitchen on upper level (approx. 12 x 12)
- Bedrooms: Unit 1: 3 bedrooms; Unit 2: 2 bedrooms (both bedrooms on upper level)
- Bathrooms: Unit 1: 1 full bathroom; Unit 2: 1 full bathroom
- Interior features: Partial basement
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2 × 2-bed/1.0-bath units multifamily listed at $88k.
Deal economics
- At list price, monthly cash flow is $1k ($13k/yr) — positive. Per door: $531/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $88k).
- Recommended offer: $85k (3.0% below list) — sets the bar for market timing.
- Cap rate 20.8% vs local median 3.9% in Racine — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 80/100 on livability (#58 in WI, #1,622 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D.
- Racine Unified School District (urban): math 12% / reading 20% proficiency, ranked #335 of 342 in WI (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
- Zoned schools: Julian Thomas Elementary (math 2% / reading 2%, grade F, #1,024 of 1,041 statewide, top 100%, 571 students, 90% FRL); Starbuck - An Ib World School (math 8% / reading 21%, grade F, #366 of 383 statewide, top 96%, 509 students, 62% FRL); Horlick High (math 11% / reading 22%, grade F, #411 of 483 statewide, top 85%, 1,340 students, 67% FRL) — zoned schools average 73% FRL vs 57% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: 25 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 505 units permitted in Racine County in 2024 (287 in 5+ unit buildings).
- At $2,377/mo this rent would consume 57% of the median local household income ($50k/yr) (locally 746% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $608 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
- Racine County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
- At projected returns (-3.0% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~3 years — after that, you're playing with house money.
Negotiation context
- It's been on market 44 days — a 3% lower offer ($85k) is reasonable based on typical stale-listing flexibility.
- 12 sale attempts since 14y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $60k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: property tax is 4.4% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
- What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
- Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 2.70% ✓
- Cap rate
- 20.79%
- Cash-on-cash
- 51.76%
- DSCR
- 3.30
- GRM
- 3.1
CMA / ARV
- ARV (median comp)
- $136,865
- List price
- $87,900
- Delta
- -35.78%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 1430 Douglas Ave | 0.24mi | 5/2.0 (+1) | 1,999 (+1%) | 3mo | $134,900 | $67 | 80 |
| 1623 Charles St | 0.49mi | 4/2.0 | 2,078 (+5%) | 5mo | $127,500 | $61 | 65 |
| 1126 Albert St | 0.23mi | 4/2.0 | 1,775 (-10%) | 10mo | $79,900 | $45 | 64 |
| 1842 Lasalle St | 0.67mi | 5/2.0 (+1) | 1,988 (+0%) | 1mo | $165,000 | $83 | 63 |
| 1922 Lasalle St | 0.73mi | 4/2.0 | 1,960 (-1%) | 7mo | $181,122 | $92 | 58 |
| 1234 Blake Ave | 0.52mi | 5/2.0 (+1) | 2,094 (+6%) | 4mo | $185,000 | $88 | 57 |
| 1927 Harriet St | 0.70mi | 4/2.0 | 1,920 (-3%) | 8mo | $170,000 | $89 | 56 |
| 1312 Hamilton St | 0.24mi | 3/3.0 (-1) | 1,767 (-11%) | 8mo | $141,500 | $80 | 55 |
| 1226 Blake Ave | 0.52mi | 5/2.0 (+1) | 2,161 (+9%) | 4mo | $175,000 | $81 | 52 |
| 1312 Carlisle Ave | 0.61mi | 5/2.0 (+1) | 2,080 (+5%) | 10mo | $181,000 | $87 | 50 |
| 1715 Saint Clair St | 0.58mi | 4/2.0 | 2,209 (+12%) | 6mo | $169,000 | $77 | 49 |
| 823 Yout St | 0.74mi | 5/2.0 (+1) | 1,821 (-8%) | 3mo | $180,000 | $99 | 45 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 3.0% rent growth · sell at horizon
- IRR
- 49.7%
- Equity multiple
- 3.18×
- Total profit
- $53,535
- Equity at exit
- $13,106
- IRR
- 55.3%
- Equity multiple
- 6.46×
- Total profit
- $134,349
- Equity at exit
- $7,600
Cash invested: $24,612 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 73 Landlord-Friendly
- State Wisconsin
- 73 Landlord-Friendly · R+2
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 53404
- Home prices YoY
- -33.1%
- Active inventory
- 25
- Price-to-rent
- 6.2×
Monthly cashflow live
- Estimated rent
- $2,377 high interval (Pro) →
- Mortgage (P&I)
- −$461
- Tax from tax record
- −$319 /mo · $3,824/yr
- Insurance
- −$37
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$499
- Net cashflow
- $1,062
Break-even live
Sensitivity live
| Price | -10% $1,111 | -5% $1,086 | +0% $1,062 | +5% $1,037 | +10% $1,012 |
|---|---|---|---|---|---|
| Rent | -10% $874 | -5% $968 | +0% $1,062 | +5% $1,156 | +10% $1,249 |
| Rate | -1.0pp $1,106 | -0.5pp $1,084 | base $1,062 | +0.5pp $1,039 | +1.0pp $1,016 |
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 2 | 1 | $2,376 |
| #1 | 2 | 1 | $1,188 |
| #2 | 2 | 1 | $1,188 |
| Total (2 units) | $2,377 | ||
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $21,975
- Closing costs
- $2,637
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 5 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1300 Buchanan St Racine, WI | 5.0 | 1.5 | 2282 | $1,850 | $0.81 | 22d | 1 | 0.23mi |
| 1210 Erie St Racine, WI | 3.0 | 1.0 | 1350 | $1,150 | $0.85 | 15d | 1 | 0.25mi |
| 945 N Memorial Dr Unit 1-2-3 Racine, WI | 3.0 | 1.0 | 1500 | $1,450 | $0.97 | 22d | 1 | 0.42mi |
| 1840 Saint Clair St Racine, WI | 3.0 | 1.0 | 1250 | $1,350 | $1.08 | 22d | 1 | 0.68mi |
| 2220 Northwestern Ave Racine, WI | 1.0–3.0 | 1.0–2.0 | 899 | $2,175 | $2.42 | 15d | 19 | 0.88mi |
Listing history 50 events
-
2026-06-21days on market $87,900 Active 44 DOM
-
2026-06-19days on market $87,900 Active 42 DOM
-
2026-06-18days on market $87,900 Active 41 DOM
-
2026-06-17days on market $87,900 Active 40 DOM
-
2026-06-16days on market $87,900 Active 39 DOM
-
2026-06-15days on market $87,900 Active 38 DOM
-
2026-06-14days on market $87,900 Active 36 DOM
-
2026-06-13days on market $87,900 Active 35 DOM
-
2026-06-10days on market $87,900 Active 33 DOM
-
2026-06-09days on market $87,900 Active 32 DOM
-
2026-06-08days on market $87,900 Active 31 DOM
-
2026-06-07days on market $87,900 Active 30 DOM
-
2026-06-05days on market $87,900 Active 27 DOM
-
2026-06-03days on market $87,900 Active 26 DOM
-
2026-06-02days on market $87,900 Active 25 DOM
-
2026-06-01days on market $87,900 Active 24 DOM
-
2026-05-31days on market $87,900 Active 23 DOM
-
2026-05-30days on market $87,900 Active 22 DOM
-
2026-05-08historical 523-char remark
Show marketing remark (523 chars)
Huge 3/2 Duplex located in Racine with 2,000+ Sq Ft is ready to be beautified! CASH or HARD MONEY ONLY! This home has a shared driveway/parking spaces with the property next door also being sold. Featuring a spacious front porch area and plenty of large windows. The lower unit currently rents for $1,000 per month, while the upper unit rents for $650 per month. Located near Racine North Beach on Lake Michigan, Racine Public Library, and William Horlick High School. This home is fully occupied. Schedule a showing today!
-
2026-05-08$87,900 Active 755-char remark
Show marketing remark (523 chars)
Huge 3/2 Duplex located in Racine with 2,000+ Sq Ft is ready to be beautified! CASH or HARD MONEY ONLY! This home has a shared driveway/parking spaces with the property next door also being sold. Featuring a spacious front porch area and plenty of large windows. The lower unit currently rents for $1,000 per month, while the upper unit rents for $650 per month. Located near Racine North Beach on Lake Michigan, Racine Public Library, and William Horlick High School. This home is fully occupied. Schedule a showing today!
-
2025-11-03price $91,900 523-char remark
Show marketing remark (523 chars)
Huge 3/2 Duplex located in Racine with 2,000+ Sq Ft is ready to be beautified! CASH or HARD MONEY ONLY! This home has a shared driveway/parking spaces with the property next door also being sold. Featuring a spacious front porch area and plenty of large windows. The lower unit currently rents for $1,000 per month, while the upper unit rents for $650 per month. Located near Racine North Beach on Lake Michigan, Racine Public Library, and William Horlick High School. This home is fully occupied. Schedule a showing today!
-
2025-10-27price $92,900 523-char remark
Show marketing remark (523 chars)
Huge 3/2 Duplex located in Racine with 2,000+ Sq Ft is ready to be beautified! CASH or HARD MONEY ONLY! This home has a shared driveway/parking spaces with the property next door also being sold. Featuring a spacious front porch area and plenty of large windows. The lower unit currently rents for $1,000 per month, while the upper unit rents for $650 per month. Located near Racine North Beach on Lake Michigan, Racine Public Library, and William Horlick High School. This home is fully occupied. Schedule a showing today!
-
2025-10-20price $93,900 523-char remark
Show marketing remark (523 chars)
Huge 3/2 Duplex located in Racine with 2,000+ Sq Ft is ready to be beautified! CASH or HARD MONEY ONLY! This home has a shared driveway/parking spaces with the property next door also being sold. Featuring a spacious front porch area and plenty of large windows. The lower unit currently rents for $1,000 per month, while the upper unit rents for $650 per month. Located near Racine North Beach on Lake Michigan, Racine Public Library, and William Horlick High School. This home is fully occupied. Schedule a showing today!
-
2025-10-13price $94,900 523-char remark
Show marketing remark (523 chars)
Huge 3/2 Duplex located in Racine with 2,000+ Sq Ft is ready to be beautified! CASH or HARD MONEY ONLY! This home has a shared driveway/parking spaces with the property next door also being sold. Featuring a spacious front porch area and plenty of large windows. The lower unit currently rents for $1,000 per month, while the upper unit rents for $650 per month. Located near Racine North Beach on Lake Michigan, Racine Public Library, and William Horlick High School. This home is fully occupied. Schedule a showing today!
-
2025-10-06price $95,900 523-char remark
Show marketing remark (523 chars)
Huge 3/2 Duplex located in Racine with 2,000+ Sq Ft is ready to be beautified! CASH or HARD MONEY ONLY! This home has a shared driveway/parking spaces with the property next door also being sold. Featuring a spacious front porch area and plenty of large windows. The lower unit currently rents for $1,000 per month, while the upper unit rents for $650 per month. Located near Racine North Beach on Lake Michigan, Racine Public Library, and William Horlick High School. This home is fully occupied. Schedule a showing today!
-
2025-09-29price $96,900 523-char remark
Show marketing remark (523 chars)
Huge 3/2 Duplex located in Racine with 2,000+ Sq Ft is ready to be beautified! CASH or HARD MONEY ONLY! This home has a shared driveway/parking spaces with the property next door also being sold. Featuring a spacious front porch area and plenty of large windows. The lower unit currently rents for $1,000 per month, while the upper unit rents for $650 per month. Located near Racine North Beach on Lake Michigan, Racine Public Library, and William Horlick High School. This home is fully occupied. Schedule a showing today!
-
2025-09-22price $97,900 523-char remark
Show marketing remark (523 chars)
Huge 3/2 Duplex located in Racine with 2,000+ Sq Ft is ready to be beautified! CASH or HARD MONEY ONLY! This home has a shared driveway/parking spaces with the property next door also being sold. Featuring a spacious front porch area and plenty of large windows. The lower unit currently rents for $1,000 per month, while the upper unit rents for $650 per month. Located near Racine North Beach on Lake Michigan, Racine Public Library, and William Horlick High School. This home is fully occupied. Schedule a showing today!
-
2025-09-17price $98,900 523-char remark
Show marketing remark (523 chars)
Huge 3/2 Duplex located in Racine with 2,000+ Sq Ft is ready to be beautified! CASH or HARD MONEY ONLY! This home has a shared driveway/parking spaces with the property next door also being sold. Featuring a spacious front porch area and plenty of large windows. The lower unit currently rents for $1,000 per month, while the upper unit rents for $650 per month. Located near Racine North Beach on Lake Michigan, Racine Public Library, and William Horlick High School. This home is fully occupied. Schedule a showing today!
-
2025-09-08price $99,900 523-char remark
Show marketing remark (523 chars)
Huge 3/2 Duplex located in Racine with 2,000+ Sq Ft is ready to be beautified! CASH or HARD MONEY ONLY! This home has a shared driveway/parking spaces with the property next door also being sold. Featuring a spacious front porch area and plenty of large windows. The lower unit currently rents for $1,000 per month, while the upper unit rents for $650 per month. Located near Racine North Beach on Lake Michigan, Racine Public Library, and William Horlick High School. This home is fully occupied. Schedule a showing today!
-
2025-08-25$105,900 Active 523-char remark
Show marketing remark (523 chars)
Huge 3/2 Duplex located in Racine with 2,000+ Sq Ft is ready to be beautified! CASH or HARD MONEY ONLY! This home has a shared driveway/parking spaces with the property next door also being sold. Featuring a spacious front porch area and plenty of large windows. The lower unit currently rents for $1,000 per month, while the upper unit rents for $650 per month. Located near Racine North Beach on Lake Michigan, Racine Public Library, and William Horlick High School. This home is fully occupied. Schedule a showing today!
-
2025-01-06historical
Show marketing remark (471 chars)
This 3/2 duplex located in Racine with 2,000+ Sq Ft is for sale and ready for you! This home has a shared driveway/parking spaces with the property next door also being sold. Featuring a spacious front porch area, and this home also features plenty of large windows. Located near Racine North Beach on lake Michigan, Racine Public Library, and William Horlick High School. This home is currently occupied and brings in $1,300 in rents per month. Schedule a showing today!
-
2024-12-30price $94,900
Show marketing remark (471 chars)
This 3/2 duplex located in Racine with 2,000+ Sq Ft is for sale and ready for you! This home has a shared driveway/parking spaces with the property next door also being sold. Featuring a spacious front porch area, and this home also features plenty of large windows. Located near Racine North Beach on lake Michigan, Racine Public Library, and William Horlick High School. This home is currently occupied and brings in $1,300 in rents per month. Schedule a showing today!
-
2024-12-27historical
Show marketing remark (471 chars)
This 3/2 duplex located in Racine with 2,000+ Sq Ft is for sale and ready for you! This home has a shared driveway/parking spaces with the property next door also being sold. Featuring a spacious front porch area, and this home also features plenty of large windows. Located near Racine North Beach on lake Michigan, Racine Public Library, and William Horlick High School. This home is currently occupied and brings in $1,300 in rents per month. Schedule a showing today!
-
2024-12-27$95,900 Active
Show marketing remark (471 chars)
This 3/2 duplex located in Racine with 2,000+ Sq Ft is for sale and ready for you! This home has a shared driveway/parking spaces with the property next door also being sold. Featuring a spacious front porch area, and this home also features plenty of large windows. Located near Racine North Beach on lake Michigan, Racine Public Library, and William Horlick High School. This home is currently occupied and brings in $1,300 in rents per month. Schedule a showing today!
-
2024-12-23price $95,900
-
2024-12-16price $96,900
-
2024-12-09price $97,900
-
2024-12-02price $98,900
-
2024-08-26$99,900 Active
-
2024-07-31historical
-
2024-06-26historical
-
2024-06-26$99,900 Active
-
2024-06-13price $112,900
-
2024-05-20historical
-
2024-05-20$114,900 Active
-
2024-04-15$129,900 Active
-
2022-09-12historical
-
2022-05-16$85,900 Active
-
2022-04-12historical
-
2021-11-16$105,000 Active
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast WI · Partial reset (capped growth)
- Current annual tax
- $3,824 · $319/mo
- Projected year-2 tax
- $3,824 · $319/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 2/10 Low 7 d/yr ≥95°F today · 13 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $28,524
- − Mortgage interest
- −$4,924
- − Property taxes
- −$3,824
- − Insurance
- −$440
- − Repairs & maintenance
- −$2,282
- − Management
- −$2,282
- − Depreciation
- −$2,557
- Taxable income
- $12,216
- Est. tax owed @ 24.0%
- −$2,932
- After-tax cash flow
- $9,807/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Racine Unified School District
- NCES district ID
- 5512360
- Math proficiency
- 12% ▼ -7.00%
- Reading proficiency
- 20% ▬ 0.00%
- Median HH income
- $50,716
- Composite
- 14.64/100
- National rank
- #9405
- State rank
- #335 of 342 in WI
Livability — Racine
- Score
- 80/100
- State rank
- #58
- US rank
- #1622
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Racine, WI
- County
- Racine County · 146,693 people
- City population
- 67,505
- Metro
- Racine, WI
- Population (ZIP)
- 13,703
- Household income
- $50,428
- Rent vs Own
- Severe rent burden
- 746.0
Population outlook (Racine County) Hauer SSP2
- Today (2025)
- 195,281 people
- By 2030
- 193,725 · -0.8%
- By 2040
- 188,159 · -3.6%
- By 2050
- 181,323 · -7.1%
- By 2075
- 174,342 · -10.7%
- By 2100
- 166,870 · -14.5%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.67)
- Race & ethnicity
- Hispanic / Latino 40% White 35% Black 21% Two or more races 21%
- Hispanic origin (detail)
- Mexican 34% Puerto Rican 5%
- Common ancestry
- Romanian 4% Lithuanian 2% Iranian 2%
- Foreign-born
- 7% · Canada, South Korea
- Languages at home
- 83% English-only · Spanish 14% Other Indo-European 1% Tagalog/Filipino 1%
Political lean MEDSL · Racine
- 2024 margin
- Lean R (+6.2) · D 46.3% · R 52.5% · Other 1.2%
- 2008→2024 swing
- -13.6pp toward R · 2008: 7.4pp · 2024: -6.2pp
- All cycles
- 2024: R+6.2 2020: R+4.1 2016: R+4.4 2012: D+3.6 2008: D+7.4
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -104.32%
- Current HPI
- 210.906
- Rent YoY
- —
- Metro
- Racine, WI
- State GDP YoY
- ▲ 2.10%
- F500 in state
- 20
Industry mix (Fortune 500 HQ in WI)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Industrial Machinery | 4 | $23B |
|
||
| Industrial Technology | 2 | $36B |
|
||
| Insurance | 1 | $36B |
|
||
| Professional Services | 1 | $19B |
|
||
| Utilities | 1 | $9B |
|
||
| Consumer Goods | 1 | $3B |
|
||
Price history
+225.6% since first listed42 events — show timeline
- 2026-05-08 Listing Removed — METROMLS
- 2026-05-08 Listed $87,900 METROMLS
- 2025-11-03 Price Changed $91,900 METROMLS
- 2025-10-27 Price Changed $92,900 METROMLS
- 2025-10-20 Price Changed $93,900 METROMLS
- 2025-10-13 Price Changed $94,900 METROMLS
- 2025-10-06 Price Changed $95,900 METROMLS
- 2025-09-29 Price Changed $96,900 METROMLS
- 2025-09-22 Price Changed $97,900 METROMLS
- 2025-09-17 Price Changed $98,900 METROMLS
- 2025-09-08 Price Changed $99,900 METROMLS
- 2025-08-25 Listed $105,900 METROMLS
- 2025-01-06 Listing Removed — METROMLS
- 2024-12-30 Price Changed $94,900 METROMLS
- 2024-12-27 Listing Removed — METROMLS
- 2024-12-27 Listed $95,900 METROMLS
- 2024-12-23 Price Changed $95,900 METROMLS
- 2024-12-16 Price Changed $96,900 METROMLS
- 2024-12-09 Price Changed $97,900 METROMLS
- 2024-12-02 Price Changed $98,900 METROMLS
- 2024-08-26 Listed $99,900 METROMLS
- 2024-07-31 Listing Removed — METROMLS
- 2024-06-26 Listing Removed — METROMLS
- 2024-06-26 Listed $99,900 METROMLS
- 2024-06-13 Price Changed $112,900 METROMLS
- 2024-05-20 Listing Removed — METROMLS
- 2024-05-20 Listed $114,900 METROMLS
- 2024-04-15 Listed $129,900 METROMLS
- 2022-09-12 Listing Removed — METROMLS
- 2022-05-16 Listed $85,900 METROMLS
- 2022-04-12 Listing Removed — METROMLS
- 2021-11-16 Listed $105,000 METROMLS
- 2021-03-04 Sold (MLS) $60,000 METROMLS
- 2021-02-24 Contingent — METROMLS
- 2021-02-12 Relisted — METROMLS
- 2021-02-09 Contingent — METROMLS
- 2021-01-26 Price Changed $70,000 METROMLS
- 2021-01-07 Listed $75,000 METROMLS
- 2012-10-09 Listed $79,900 METROMLS
- 2012-10-09 Listing Removed — METROMLS
- 2007-06-25 Sold (Public Records) $27,000 Public Records
- 2007-06-22 Sold (MLS) $27,000 METROMLS
Property tax history
+8.3%/yrLatest (2025): $3,824 · +75.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…