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Listing provided courtesy of Realty ONE Group BoardwalkMetro MLS- MLS# 1956721MLS Provider

1116 Grove Ave, 1118Racine, WI 53405

Multi-Family · 4,000 Sq. ft. | 0.11 Acres
$414,900 Active

1116 Grove Ave, 1118 Overview

Time on Site:
83 days
Visits:
22

Centrally located property with 2 apartments up and 2 retail business spaces below. Potential income from all 4 in excess of $4700/month. Currently a barber shop and a beauty shop on first floor and 2 apartments on 2nd floor. Potential for retail business or insurance agency or ' Roof is 2 years old with a 20-year transferrable warranty, materials and labor. Ample parking on side and rear of building. Show south side upper and lower immediately. North side upper and lower are occupied and require 24 hrs. notice. Lower left unit is vacant, listed MLS #1939695. Let the tenants pay the mortgage. POSITIVE CASH FLOW!$!$

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1116 Grove Ave, 1118 Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,000
  • Price/Sq.ft. $104
  • Lot 0.11 Acres

Details

General

School Information

  • School District: Racine Unified

Income/Expenses

  • Gross Scheduled Income: 4700
  • Net Operating Income: 0
  • Operating Expense: 0

Listing Information

  • Concessions: No

Building Information

  • Year Built: 1969

Location/Region

  • County Or Parish: Racine
  • Postal City: Racine

General Information

  • Exclusions: Seller's and tenants' personal property
  • Inclusions: in both upper appts: refrigerator, oven/range, microwave. In 1118 1/2 window a/c unit, bookshelves, bar. In both lower business units, all barbershop equipment, sinks, chairs, waiting room furniture.
  • Parcel Number: 12769000
  • Property Sub Type: Multi-Family
  • Property Type: Multi-Family

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Total: 4000

General Information

  • Basement: None

Exterior

Parking Information

  • Parking Features: Near Public Transit,Outdoor Space

Lot Information

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Source: Public Record
  • Lot Size Square Feet: 4791.6
  • Lot Size Units: Acres

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Low Maintenance Trim,Wood,Brick

General Information

  • Sewer: Municipal Sewer

1116 Grove Ave, 1118 Neighborhood

Community

53405 (Racine) Demographics

36
Median Age
3,991
Population Density (per sq. mile)
35%
College Educated
$58,244
Estimated Median Income
7,209
Estimated Total Home Owners
3,163
Estimated Total Renters
70% / 30%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1116 Grove Ave, 1118 Monthly Cost

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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1116 Grove Ave, 1118 Market Data

Based on the last 30 days in this zip code

$265,870
Average List Price
$171
Average Price per Square Foot
22
Properties Sold
27
Average Days on Market
62
Properties for Sale
Calculations provided by Reliance Network

1116 Grove Ave, 1118 History

Date Event Value Agent
6/17/2026Source: Metro MLS Added to Database
June 17, 2026
5/14/2026Source: Metro MLS Price Reduction
$414,900 -1.2%
4/7/2026Source: Metro MLS Added to Database
April 07, 2026
4/2/2026Source: Metro MLS Added to Database
April 02, 2026