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$190,000

  • Sold
  • Closed
  • Multi-Family
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**Excellent Investment Opportunity** Don't miss this chance to own a two-unit property in beautiful downtown Janesville! Both units are currently occupied, providing immediate cash flow! The upper unit is a long-term tenant who wishes to stay long-term. This charming property boasts large rooms and lots of character. AC and laundry in the upper unit. Off street parking for tenants' convenience. Situated in the heart of downtown Janesville close to shopping, restaurants, entertainment, and the bus line making this multi-unit property desirable for tenants. This is the perfect addition to any investment portfolio! All showings require 24 hour notice. Closing to take place after 6/28/2025.

Full Property Details for 551 S Main St

General

  • Sold For: $190,000
  • Taxes: $2,676 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
  • MLS ID: 1999021
  • Added to Site: 290 day(s) ago

Parking

  • Parking Features: 2 Spaces

Location

  • Municipality: Janesville
  • County: Rock
  • Driving Directions: From Center Ave., East on W. Racine to South on South Main Street.

School Information

  • School District: Janesville
  • Elementary School: Call School District
  • Middle School: Call School District
  • High School: Craig

Heating & Cooling

  • Heating Fuel: Natural Gas
  • Heating/Cooling: Forced Air

Utilities

  • Water/Sewer: Municipal Water, Municipal Sewer
  • Utility Description: Separate Gas Meters

Structural Information

  • Description/Design: 2 Stories, 2 Flat Up and Down
  • Exterior Const.: Wood
  • Basement Desc.: Partial
  • Year Built: 1890

Unit Information

  • Units in Building: 2

Unit 1

  • Square Feet: 731
  • Bedrooms: 2

Unit 2

  • Square Feet: 967
  • Bedrooms: 2
  • Primary Bedroom: Main Level, 13 x 13
  • Bedroom 2: Main Level, 11 x 8
  • Living Room: Main Level, 12 x 16,
  • Kitchen: Main Level, 13 x 10,

Lot Features

  • Lot Size Source: Assessor/Public Record
  • Zoning: R2

Financial Considerations

  • Tax Amount: $2,676
  • Tax Year: 2024

Disclosures and Reports

  • Exclusions: Sellers personal property, tenants personal property.
  • Inclusions: Stove and refrigerator for each unit. Washer/dryer in upper unit.

Listed by Zuelke Real Estate Team
Sold by EXIT Realty HGM

Listing agents

— 551 S Main St —

  • Zuelke Real Estate Team

  • Zuelke Real Estate Team

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 551 S Main St

School District:Janesville School District
NameGradesDistance
Roosevelt Elementary School, Janesville, WI
316 South Ringold Street, Janesville, WI 53545
PK-50.6 mi
Edison Middle School, Janesville, WI
1649 South Chatham Street, Janesville, WI 53546
6-81.8 mi
Craig High School
401 South Randall Avenue, Janesville, WI 53545
9-120.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 551 S Main St

Date
Details
Price
Change
Source
6/30/2025
Sold
$190,000
-7.32%
MLS
5/05/2025
Listed
$205,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Zuelke Real Estate Team
Sold by EXIT Realty HGM

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551 S Main Street, Janesville, WI 53545 (MLS# 1999021) is a Multi-Family property that was sold at $190,000 on June 30, 2025. Want to learn more about 551 S Main Street? Do you have questions about finding other Multi-Family real estate for sale in Janesville? You can browse all Janesville real estate or contact a Coldwell Banker agent to request more information.