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1124 Lasalle St 🏷️ Likely Rental
B+ Composite 75.46
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

1124 Lasalle St · Racine, WI 53404
4 bd · 2.0 ba · 1,980 sqft · MultiFamily public records · 44 Days on market
Built 1900 7,840 sqft lot $44/sqft · 35% below area Est $137k · 36% under · waterfront

🖨 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

LARGE FRONT PORCHGENEROUS WINDOWSEASY ACCESS TO LAKEFRONT PARKSQUICK ACCESS TO SCHOOLSPUBLIC TRANSPORTATIONMAJOR COMMUTING ROUTES

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

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…
🏷️ Possibly a rental listed for sale. The $87,900 price doesn't fit this home's estimated sale value (~$136,865) and the remarks read like a rental — treat the cards below with caution.

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.
Recommended offer $85,263 (3.0% below list)

Questions for the listing agent

  1. 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?
  2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
  3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
  4. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  5. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
  6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  7. 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?
  8. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
  9. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
  10. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
  11. 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.
  12. 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.
  13. 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

5-year hold
IRR
49.7%
Equity multiple
3.18×
Total profit
$53,535
Equity at exit
$13,106
10-year hold
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
5-day notice; preempted; Madison / Milwaukee have some local enforcement.

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

Break-even rent $1,033
Max offer price $87,900
Occupancy floor 50%

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)

UnitsBedsBathsEst. rent
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

AddressBedsBaths SqftRent$/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

  1. 2026-06-21
    days on market $87,900 Active 44 DOM
  2. 2026-06-19
    days on market $87,900 Active 42 DOM
  3. 2026-06-18
    days on market $87,900 Active 41 DOM
  4. 2026-06-17
    days on market $87,900 Active 40 DOM
  5. 2026-06-16
    days on market $87,900 Active 39 DOM
  6. 2026-06-15
    days on market $87,900 Active 38 DOM
  7. 2026-06-14
    days on market $87,900 Active 36 DOM
  8. 2026-06-13
    days on market $87,900 Active 35 DOM
  9. 2026-06-10
    days on market $87,900 Active 33 DOM
  10. 2026-06-09
    days on market $87,900 Active 32 DOM
  11. 2026-06-08
    days on market $87,900 Active 31 DOM
  12. 2026-06-07
    days on market $87,900 Active 30 DOM
  13. 2026-06-05
    days on market $87,900 Active 27 DOM
  14. 2026-06-03
    days on market $87,900 Active 26 DOM
  15. 2026-06-02
    days on market $87,900 Active 25 DOM
  16. 2026-06-01
    days on market $87,900 Active 24 DOM
  17. 2026-05-31
    days on market $87,900 Active 23 DOM
  18. 2026-05-30
    days on market $87,900 Active 22 DOM
  19. 2026-05-08
    historical 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!

  20. 2026-05-08
    listed $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!

  21. 2025-11-03
    price $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!

  22. 2025-10-27
    price $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!

  23. 2025-10-20
    price $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!

  24. 2025-10-13
    price $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!

  25. 2025-10-06
    price $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!

  26. 2025-09-29
    price $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!

  27. 2025-09-22
    price $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!

  28. 2025-09-17
    price $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!

  29. 2025-09-08
    price $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!

  30. 2025-08-25
    listed $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!

  31. 2025-01-06
    historical
    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!

  32. 2024-12-30
    price $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!

  33. 2024-12-27
    historical
    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!

  34. 2024-12-27
    listed $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!

  35. 2024-12-23
    price $95,900
  36. 2024-12-16
    price $96,900
  37. 2024-12-09
    price $97,900
  38. 2024-12-02
    price $98,900
  39. 2024-08-26
    listed $99,900 Active
  40. 2024-07-31
    historical
  41. 2024-06-26
    historical
  42. 2024-06-26
    listed $99,900 Active
  43. 2024-06-13
    price $112,900
  44. 2024-05-20
    historical
  45. 2024-05-20
    listed $114,900 Active
  46. 2024-04-15
    listed $129,900 Active
  47. 2022-09-12
    historical
  48. 2022-05-16
    listed $85,900 Active
  49. 2022-04-12
    historical
  50. 2021-11-16
    listed $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
combined federal + state — saved on this device
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

Amenities B- Commute A+ Cost of living A+ Crime C Employment D Housing A+ Health & safety A+ User ratings D

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
50.3% rent · 49.7% 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

Price history

+225.6% since first listed
42 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%/yr

Latest (2025): $3,824 · +75.9% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…