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$449,000 -$46,000 (-9.29%) Price Reduced

  • For Sale
  • Active
  • Lots/Land
  • 1.87 Acres
  • Updated 4 days ago
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Amazing investment opportunity. 1.87 acre property that can have multi-unit dwellings built on. Currently has a home with a detached garage that is being rented for $1200 a month. Next to Graceland Arms Apartment Complex. Bring your creative investors!

Full Property Details for 5118 Graceland Blvd

General

  • Price: $449,000
  • Taxes: $4,400 (2025)
  • Status: Active
  • Type: Lots/Land
  • Source: MetroMLS_Milwaukee_Wirex
  • MLS ID: 1959441
  • Updated: 5/8/2026
  • Added to Site: 18 day(s) ago

Location

  • Municipality: City
  • County: Racine
  • Driving Directions: Ohio to Graceland and west to property at 5118 Graceland Boulevard.
  • Location Details: City

School Information

  • School District: Racine Unified
  • Elementary School: Goodland
  • Middle School: Starbuck
  • High School: Park

Utilities

  • Water/Sewer: Sewer, Water Municipal
  • Onsite: Cable Available, Electricity Available, High Speed Internet Available, Natural Gas Available, Phone Available

Structural Information

  • Existing Structures: Garage(s), Residence

Lot Features

  • Lot Size (Acres): 1.87
  • Frontage: Town/City Road
  • Topography: Level
  • Lot Features: Near Public Transit
  • Development Status: Raw Land
  • Potential Use: Residential
  • Zoning: Res, Residential - Single

Financial Considerations

  • Tax Amount: $4,400.98
  • Tax Year: 2025

Listed by Shorewest Realtors, Inc.

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Listing agent

— 5118 Graceland Blvd —

  • Shorewest Realtors, Inc.

PropertyInfo@shorewest.com

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 5118 Graceland Blvd

School District:Racine School District
NameGradesDistance
Fratt Elementary School
3501 Kinzie Avenue, Racine, WI 53405
K-51 mi
Mitchell Elementary School, Racine, WI
2701 Drexel Avenue, Racine, WI 53403
K-52.4 mi
Park High School
1901 12th Street, Racine, WI 53403
9-122 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 5118 Graceland Blvd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/08/2026
Price Reduced
$449,000
-9.29%
MLS
4/24/2026
Listed
$495,000
160.53%
MLS
7/16/2007
Sold
$190,000
—
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 5118 Graceland Blvd

Year
Property Taxes
Change
Tax Assessment
Change
2025
-100%
$278,700
8%
2024
$4,903
-4%
$258,200
6%
2023
$5,101
17%
$242,500
22%
2022
$4,353
-6%
$199,100
4%
2021
$4,652
-1%
$191,400
—
2020
$4,682
-8%
$192,200
-14%
2019
$5,078
26%
$223,500
40%
2018
$4,032
5%
$159,200
6%
2017
$3,839
12%
$150,200
16%
2016
$3,442
-5%
$129,100
1%
2015
$3,609
4%
$127,800
—
2014
$3,463
-5%
$127,800
—
2013
$3,639
—
$127,800
—
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 Shorewest Realtors, Inc.

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5118 Graceland Blvd, Racine, WI 53406 (MLS# 1959441) is a Lots/Land property with a lot size of 1.87 acres. 5118 Graceland Blvd is currently listed for $449,000 and was received on April 24, 2026. Want to learn more about 5118 Graceland Blvd? Do you have questions about finding other Lots/Land real estate for sale in Mount Pleasant? You can browse all Mount Pleasant real estate or contact a Coldwell Banker agent to request more information.

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