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$589,000

  • For Sale
  • Active
  • Apartment
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Great fully occupied investment opportunity. Beautiful Brick Building with 5 very unique units. Only blocks away from Lake Michigan, Downtown, and Gateway Technical College. This property offers one large 3/4-bedroom unit, and four one-bedroom units, along with a detached garage. All units include stove and refrigerator. Current rents total $4725/mo. Coin operated washer and dryer in basement for tenant convenance. There is also potential for a large storage/rental area in the basement. Owner is also including 2 vacant lots in this sale. Both lots are in Racine. 256 N.Memorial Dr & 1707 Spring Pl. 1707 is .21 acres, backs up to Root River and is suitable for a single or 2 family home. Memorial is .07 and suitable for a single-family home. So much potential here to grow your portfolio!

Full Property Details for 939 College Ave

General

  • Price: $589,000
  • Taxes: $6,844 (2024)
  • Status: Active
  • Type: Apartment
  • Source: MetroMLS_Milwaukee_Wirex
  • MLS ID: 1945152
  • Updated: 12/14/2025
  • Added to Site: 34 day(s) ago

Parking

  • Covered Spaces: 1
  • Uncovered Spaces: 1
  • Parking Features: None

Location

  • County: Racine
  • Driving Directions: Main St to 10th then West 2 blocks.

School Information

  • School District: Racine Unified

Heating & Cooling

  • Heating/Cooling: Hot Water/Steam, Natural Gas

Utilities

  • Water/Sewer: Municipal Sewer, Municipal Water

Structural Information

  • Architectural Style: Apartment Building
  • Exterior Const.: Brick
  • Basement Desc.: Full
  • Stories Description: 1 to 2 Stories
  • Year Built: 1920

Unit Information

Unit 1

  • Number of Units: 1
  • Unit Description: 3 or More Bedrooms, Dishwasher, Range/Oven, Refrigerator, Storage Lockers
  • Square Feet: 1251 to 15

Unit 2

  • Number of Units: 4
  • Unit Description: 1 Bedroom, Range/Oven, Refrigerator, Storage Lockers
  • Square Feet: 750 or Les

Unit 3

  • Unit Description: 1 Bedroom, Range/Oven, Refrigerator
  • Square Feet: 750 or Les

Unit 4

  • Unit Description: 1 Bedroom, Range/Oven, Refrigerator
  • Square Feet: 751 to 100

Lot Features

  • Lot Size (Acres): 0.15
  • Zoning: R4

Financial Considerations

  • Tax Amount: $6,844
  • Tax Year: 2024

Listed by Image Real Estate, Inc.

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— 939 College Ave —

  • Image Real Estate, Inc.

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Schools serving 939 College Ave

School District:Racine School District
NameGradesDistance
Johnson Elementary School, Racine, WI
2420 Kentucky Street, Racine, WI 53405
K-52.7 mi
Case High School
7345 Washington Ave, Racine, WI 53406
9-124.5 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 939 College Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/14/2025
Listed
$589,000
48.74%
MLS
6/10/2021
Sold
$396,000
—
Public Record
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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 939 College Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,004
-22%
$293,000
15%
2023
$14,170
76%
$255,000
15%
2022
$8,060
41%
$222,000
15%
2021
$5,731
4%
$193,000
—
2020
$5,522
5%
$193,000
5%
2019
$5,251
-2%
$184,000
5%
2018
$5,371
-34%
$175,000
-17%
2017
$8,134
4%
$210,000
5%
2016
$7,804
-34%
$200,000
—
2015
$11,825
19%
$200,000
—
2014
$9,929
28%
$200,000
-5%
2013
$7,731
—
$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 Image Real Estate, Inc.

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Recent Sales near 939 College Ave

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Listed and Sold by Redfin Corporation

939 College Ave, Racine, WI 53403 (MLS# 1945152) is a Apartment property with 0 bedrooms and 0 full bathrooms. 939 College Ave is currently listed for $589,000 and was received on December 14, 2025. Want to learn more about 939 College Ave? 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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