$995,000

4 Beds 3 Baths 0 Sqft

165 S Chet Krause Drive #185, Iola, WI 54945

Property Type: Multi-Family
Building Type: Complex,1 Story
Time on Market: 137 days
Price per Sqft: N/A
Lot Size: 116,741
Garage: Y
Total Taxes: $13,064
Est. Age: 21+ Years

Description

Investment Opportunity! Discover this unique 12-unit apartment complex located in the Village of Iola! Spanning an entire block, this property consists of two combined buildings with over 39,000 square feet and offers ample space with potential to add additional units or repurpose the other square footage. The complex features off-street parking for tenants, on-site laundry, and inviting common gathering areas, perfect for socializing, card nights, or game day Sundays. Unit layouts include a mix of 2-bedroom/1-bath and 1-bedroom/1-bath apartments. The property boasts a strong rental history, and all units are currently occupied. The other building has potential to be repurposed or could be other potential uses. It was formerly used as a medical facility. The construction materials would be difficult to duplicate for the price this one is being offered at. Lower level features additional storage areas and utility rooms. There is a ton of potential with all the square footage this property has to offer, plus the cash flow from the 12 units that is currently in place makes this a

Unit Breakdown

Unit Beds Full Baths Half Baths Sq Ft
Unit 1 1 1 — —
Unit 2 2 1 — —
Unit 3 1 1 — —

Property Details

Interior

Appliances:
  • Refrigerator, Range/Oven
Baths:
  • Full Baths: 3
Interior Features:
  • Ceiling Fan(s), Smoke Detector(s), Cable/Satellite Available, Walk-in closet(s)
Sqft:
  • Total Sqft: 0

Exterior

Exterior:
  • Brick/Stone, Vinyl, Other
Exterior Features:
  • Deck, Patio
Garage:
  • Details: None
Lot:
  • Size: 116,741
Roofing:
  • Shingle,Flat,Other
Water:
  • Waterfront: N
Water/Waste:
  • Municipal Water, Municipal Sewer

Misc.

New Construction:
  • N
Postal:
  • Code: 54945
Street:
  • Direction Prefix: S
  • Name: CHET KRAUSE DRIVE
  • Suffix: DRIVE
  • Unit Number: 185
Tax Year:
  • 2025
Value Range:
  • Pricing: N
Zoning:
  • Multi-Family

Map

Listing Agent-Provided Directions:
  • on Chet Krause Drive

Monthly Payment Calculator

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Schools and Neighborhood

Elementary School:
  • Iola-Scandinavi
Middle School:
  • Iola-Scandinavi
High School:
  • Iola-Scandinavi
School District:
  • Iola-Scandinavi
Postal City:
  • Iola
Municipality:
  • Name: IOLA
  • Type: Village
County:
  • WAUPACA

Market Comparison

How this property compares to local market averages — calculated 6/3/2026

This Property
Iola Multi Family Home Avg
Waupaca County Multi Family Home Avg
List Price
$995,000
$995,000
$371,225
Median Price
—
$995,000
$174,950
Days on Market
137 days
137 days
69 days
Total Listings
—
1
4

Listing Information

  • Time on Market: 137 days
  • Place Perfect Last Updated: 2026-05-20 12:41:52
  • MLS Number: 22600132
  • Subsystem Locale: WIREX_CWBR
  • Listing Office: KPR BROKERS, LLC
  • Listing Agent: TEAM KITOWSKI

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