This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1024 S Main St
Racine, WI 53403
Park Lane Apartments · Multifamily Property For Sale
·
52 Units
PROPERTY FACTS
| No. Units | 52 | Building Size | 33,975 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1929 |
| Building Class | C | Parking Ratio | 0.79/1,000 SF |
| Lot Size | 0.67 AC | Cross Streets | Wisconsin Ave |
| Zoning | O | ||
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.67 AC |
| Building Size | 33,975 SF |
| Average Occupancy | 92% |
| No. Stories | 5 |
| Year Built | 1929 |
| Parking Ratio | 0.79/1,000 SF |
| Cross Streets | Wisconsin Ave |
| Zoning | O |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Heating
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Views
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Vintage Building
- Elevator
ABOUT 1024 S MAIN ST , RACINE, WI 53403
Lovingly restored and maintained 52 unit five story with elevator. Great presentation set across street from Gateway campus on Main Street. East view across park of Lake Michigan. Garage accommodates 15 cars. Surface parking for 12. Interior character and charm keeps this building rented. Stable tenant base. Common laundry and parking fees are additional income stream. Cable ready. Hardwoods floors, newer boiler and hot water heaters. New garage roof, concrete parking lot and sidewalks. Tuck pointed. Main roof in good condition. New carpet in hallways. Extensive restoration with attention to detail. Good mix of sizes and rents. Penthouse unit on 5th floor (partial). Proforma allows for 5% vacancy, Edison fuses.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 15 | - | 300 - 450 |
| 1+1 | 29 | - | 750 |
| 2+1 | 8 | - | 1,000 |
PROPERTY TAXES
| Parcel Number | 276-000000590000 | Improvements Assessment | $2,327,300 |
| Land Assessment | $184,300 | Total Assessment | $2,511,600 |
PROPERTY TAXES
