Brick Apartment Buildings with 16
For Sale
$1,950,000
3111 Wheelock Dr, Racine, WI 53405
MULTI_FAMILY - Racine, WI
Property SizeContact for details
Lot Size0.54 Acres
Days on Market132
Property Features for 3111 Wheelock Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Elementary school
Mitchell
Middle school
Mitchell
High school
Park
Elementary school district
Racine Unified
Middle school district
Racine Unified
High school district
Racine Unified
Directions
Hwy 11 (Durand) east to Wheelock south to property on East side of street
Standard status
Active
APN
23871001
Lot size
0.54 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
30217
Building Details
Year built
1962
Listing Agency:
RE/MAX Newport · RE/MAX International
(262) 632-9990
Listed By:
Karen Sorenson · License #5678790
(262) 497-5021
Added: Apr 8
Changed: Jul 9
Last Checked: Aug 17 at 8:06PM
MLS# 1956743
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property consists of two brick apartment buildings totaling 16 units, including eight 2-bedroom units and eight 1-bedroom units. Updates are noted in six of the 2-bedroom units and five of the 1-bedroom units, with modern appliances, granite countertops, refreshed bathrooms, and new lighting packages in those updated units. Each unit includes in-unit air conditioning for tenant comfort. Laundry facilities are available within the 2-bedroom building.
Located at 3111 Wheelock Dr in Racine, Wisconsin, the property is described as being in a prime Hwy 11 location. The offering provides a straightforward, multi-building residential income setup with a consistent mix of apartment sizes.
This configuration can fit buyers or operators looking for a manageable portfolio with both one- and two-bedroom apartments on-site. In-unit air conditioning is provided for all units, and the presence of laundry facilities within the 2-bedroom building adds a practical convenience for residents in that unit mix. With partial interior updates already completed in a portion of the units, the property offers a combination of established housing and refreshed interiors within the unit mix.
Located at 3111 Wheelock Dr in Racine, Wisconsin, the property is described as being in a prime Hwy 11 location. The offering provides a straightforward, multi-building residential income setup with a consistent mix of apartment sizes.
This configuration can fit buyers or operators looking for a manageable portfolio with both one- and two-bedroom apartments on-site. In-unit air conditioning is provided for all units, and the presence of laundry facilities within the 2-bedroom building adds a practical convenience for residents in that unit mix. With partial interior updates already completed in a portion of the units, the property offers a combination of established housing and refreshed interiors within the unit mix.
Key Highlights
- Two brick apartment buildings totaling 16 units
- Unit mix: eight 2‑bedroom and eight 1‑bedroom units
- Updates in six of the 2‑bedroom units and five of the 1‑bedroom units
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 53405, WI
25,561
Population
11,509
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
90%
High-School Grad
6.6 sq mi
ZIP Area
3,873
Density / Sq Mi
$68,339
Median Household Income
$40,162
Median Earnings
$946
Median Rent
$173,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two brick buildings offer 16 apartments with in-unit air conditioning across one- and two-bedroom layouts.
Where is this apartment building located?
The property is located at 3111 Wheelock Dr Racine, WI.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Two brick apartment buildings totaling 16 units; Unit mix: eight 2‑bedroom and eight 1‑bedroom units; Updates in six of the 2‑bedroom units and five of the 1‑bedroom units
