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Updated Triplex with Leased Units
For Sale
$299,900
Pending

1746 Chatham St, Racine, WI 53402

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

Property SizeContact for details
Days on Market10

Property Features for 1746 Chatham St

General Information

Standard status Pending
Property subtype Multi-Family

Additional Details

Multifamily Units 3

Building Details

Year Built 1940
Listing Agency: Lannon Stone Realty LLC
Listed By: Jeffrey Metz · License #48924-94
Source: Jwregwi
Added: Aug 23 Changed: Aug 31 Last Checked: Aug 30 at 9:00PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lannon Stone Realty LLC

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

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Spa & Massage Center Gym & Fitness Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

331
Businesses Nearby

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
More about this property
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