Building Details

Year Built 1940

Listing Agency: Lannon Stone Realty LLC

Listed By: Jeffrey Metz · License #48924-94 Show Phone

Source: Jwregwi

Added: Aug 23 Changed: Oct 6 Last Checked: Oct 19 at 12:19PM

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Investment Insights

Based on property information with market context.

Built in 1940, this three-unit residential property includes a front residence, an upper three-bedroom unit, and a rear residence. The front unit received remodeling approximately 2 months ago and is occupied under a month-to-month lease. The upper unit was renovated approximately 6 months ago and is leased for a one-year term, while the rear unit has also been updated and carries a yearly lease.

The property is located at 1746 Chatham St in Racine, Wisconsin, near Lake Michigan. Recent improvements across the units and a combination of lease durations provide a defined configuration for a multifamily property buyer.

Key Highlights

• Three‑unit multifamily property built in 1940
• Front unit remodeled approximately 2 months ago
• Upper three‑bedroom unit renovated approximately 6 months ago

Property Analytics

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Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

331

Businesses Nearby

Explore this area Business Placement

Demographics for 53402, WI

33,621

Population

15,660

Households

2.1

Avg Household Size

41

Median Age

33%

College-Educated

92%

High-School Grad

20.0 sq mi

ZIP Area

1,681

Density / Sq Mi

$74,125

Median Household Income

$47,838

Median Earnings

$1,049

Median Rent

$224,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three-unit property near Lake Michigan with recent renovations and both month-to-month and annual lease terms.

Where is this triplex located?

The property is located at 1746 Chatham St Racine, WI.

What is the asking price?

The asking price for this property is $299,900.

What are key features of this property?

This property features: Three‑unit multifamily property built in 1940; Front unit remodeled approximately 2 months ago; Upper three‑bedroom unit renovated approximately 6 months ago