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$419,900 Just Listed

  • For Sale
  • Active
  • Apartment
  • Updated 6 days ago
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Centrally located property with 2 apartments up and 2 retail business spaces below. Potential income from all 4 in excess of $4700/month. Currently a barber shop and a beauty shop on first floor and 2 apartments on 2nd floor. Potential for retail business or insurance agency or ??? Roof is 2 years old with a 20-year transferrable warranty, materials and labor. Ample parking on side and rear of building. Show south side upper and lower immediately. North side upper and lower are occupied and require 24 hrs. notice. Lower left unit is vacant, listed MLS #1939695. Let the tenants pay the mortgage. POSITIVE CASH FLOW!$!$

Full Property Details for 1116 Grove Ave #1118

General

  • Price: $419,900
  • Taxes: $7,533 (2025)
  • Status: Active
  • Type: Apartment
  • Source: MetroMLS_Milwaukee_Wirex
  • MLS ID: 1956721
  • Updated: 4/8/2026
  • Added to Site: 6 day(s) ago

Parking

  • Uncovered Spaces: 4
  • Parking Features: Near Public Transit, Outdoor Space

Location

  • County: Racine
  • Driving Directions: Washington Ave to Grove, N on Grove to property.

School Information

  • School District: Racine Unified

Heating & Cooling

  • Heating/Cooling: Central Air Conditioning, Electric, Individual Heating Units, Natural Gas, Wall Air Conditioning

Utilities

  • Water/Sewer: Municipal Sewer, Municipal Water

Structural Information

  • Architectural Style: Apartment Building
  • Exterior Const.: Brick, Low Maintenance Trim, Wood
  • Basement Desc.: None
  • Stories Description: 1 to 2 Stories
  • Year Built: 1969

Unit Information

Unit 1

  • Number of Units: 2
  • Unit Description: 1 Bath, 1 Bedroom, Air Conditioning, Balcony/Patio, Eat-In Kitchen, Living Room, Range/Oven, Refrigerator, Washer/Dryer
  • Square Feet: 1001 to 12

Unit 2

  • Square Feet: 1001 to 12

Lot Features

  • Lot Size (Acres): 0.11
  • Zoning: mixed-use

Financial Considerations

  • Tax Amount: $7,533
  • Tax Year: 2025

Listed by Realty ONE Group Boardwalk

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— 1116 Grove Ave #1118 —

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Schools serving 1116 Grove Ave #1118

School District:Racine School District
NameGradesDistance
Fratt Elementary School
3501 Kinzie Avenue, Racine, WI 53405
K-50.3 mi
Mitchell Elementary School, Racine, WI
2701 Drexel Avenue, Racine, WI 53403
K-51.4 mi
Park High School
1901 12th Street, Racine, WI 53403
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1116 Grove Ave #1118 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/08/2026
Listed
$419,900
140.77%
MLS
9/29/2017
Sold
$174,400
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1116 Grove Ave #1118

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,533
9%
$278,300
10%
2024
$6,894
-4%
$253,000
—
2023
$7,168
60%
$253,000
5%
2022
$4,476
-40%
$241,000
—
2021
$7,425
2%
$241,000
—
2020
$7,270
-2%
$241,000
7%
2019
$7,425
14%
$225,000
7%
2018
$6,532
-4%
$210,000
—
2017
$6,799
-2%
$210,000
—
2016
$6,942
-1%
$210,000
—
2015
$7,010
5%
$210,000
—
2014
$6,689
—
$210,000
—
2013
$6,668
—
$210,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Realty ONE Group Boardwalk

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1116 Grove Ave #1118, Racine, WI 53405 (MLS# 1956721) is a Apartment property with 0 bedrooms and 0 full bathrooms. 1116 Grove Ave #1118 is currently listed for $419,900 and was received on April 08, 2026. Want to learn more about 1116 Grove Ave #1118? Do you have questions about finding other Apartment real estate for sale in Racine? You can browse all Racine real estate or contact a Coldwell Banker agent to request more information.

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