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$399,000 Just Listed
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Property Description
Investors!! Amazing opportunity: 1.87 acre property that can be developed to have multi-unit dwellings. Currently has a rental home with a detached garage that is currently being rented for $1200 a month. Next to Graceland Arms Complex. Bring your creative investors!!
Full Property Details
Full Property Details for 5118 Graceland Blvd
General
- Price: $399,000
- Taxes: $4,400 (2025)
- Status: Active
- Type: Single Family
- Source: MetroMLS_Milwaukee_Wirex
- MLS ID: 1963739
- Updated: 5/22/2026
- Added to Site: 4 day(s) ago
Interior
- Number of Rooms: 6
- Interior Features: Cable TV Available, High Speed Internet
- Appliances: None
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Bathroom: At least one Bathtub
Bedrooms
- Total Bedrooms: 3
- Bedroom 1: 12 x 11, Main Level
- Bedroom 2: 11 x 10, Main Level
- Bedroom 3: 16 x 9, Upper Level
Other Rooms
- Living Room: 17 x 12, Main Level
- Kitchen: 12 x 11, Main Level
- Dining Room: 15 x 11, Main Level
Parking
- Garage: Yes
- Garage Spaces: 4
Location
- County: Racine
- Driving Directions: Green Bay Rd. to Graceland Blvd. and east to property at 5188 Graceland Boulevard.
School Information
- School District: Racine Unified
Heating & Cooling
- Heating/Cooling: Natural Gas, Central Air Conditioning, Forced Air
Utilities
- Water/Sewer: Municipal Sewer, Municipal Water
Structural Information
- Architectural Style: 1.5 Story, Tudor/Provincial
- Exterior Const.: Brick, Wood
- Basement Desc.: Full, Poured Concrete
- Square Feet: 1,240
- Year Built: 1940
Lot Features
- Lot Size (Acres): 1.87
- Zoning: Res
Financial Considerations
- Tax Amount: $4,400.98
- Tax Year: 2025
Listed by Shorewest Realtors, Inc.
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Schools
Schools serving 5118 Graceland Blvd
School District:Racine School District
| Name | Grades | Distance |
|---|---|---|
Fratt Elementary School 3501 Kinzie Avenue, Racine, WI 53405 | K-5 | 1 mi |
Mitchell Elementary School, Racine, WI 2701 Drexel Avenue, Racine, WI 53403 | K-5 | 2.4 mi |
Park High School 1901 12th Street, Racine, WI 53403 | 9-12 | 2 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
Date
Details
Price
Change
Source
5/22/2026
Listed
$399,000
110%
MLS
7/16/2007
Sold
$190,000
—
Public Record
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
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
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5118 Graceland Blvd
5118 Graceland Blvd, Racine, WI 53406 (MLS# 1963739) is a Single Family property with 3 bedrooms and 1 full bathroom. 5118 Graceland Blvd is currently listed for $399,000 and was received on May 22, 2026. Want to learn more about 5118 Graceland Blvd? Do you have questions about finding other Single Family 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.

