12-Unit Apartment
For Sale
$995,000
165 S CHET KRAUSE DRIVE, Iola, WI 54945
Multi-Family, Iola, WI
Property SizeContact for details
Lot Size2.68 Acres
Days on Market251
Property Features for 165 S CHET KRAUSE DRIVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
12
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 1, Bathroom 5, Bathroom 3, Bedroom 10, Bathroom 4, Bedroom 2, Bedroom 5, Bedroom 7, Bedroom 3, Bathroom 1, Bathroom 7, Bathroom 8, Bedroom 12, Bedroom 8, Bedroom 6, Bathroom 6, Bedroom 9, Basement, Bathroom 2, Bedroom 11, Bedroom 4
Parking features
Parking Lot
Patio and Porch features
Deck, Patio
Interior features
Ceiling Fan(s), Smoke Detector, Cable Hookup, Walk-In Closet(s), Carpet, Elevator
Accessibility
Accessible Elevator Installed
Appliances
Refrigerator, Range
Directions
on Chet Krause Drive
Standard status
Active
Lot size
2.68 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13064
Utilities
Heating system
Hot Water(Heating), Steam
Amenities
on-site laundry
common gathering areas
Building Details
Year built
1965
Floors in Building
1
Number of units
12
Building materials
Brick, Vinyl
Roof type
Shingle, Flat
Listing Agency:
KPR BROKERS, LLC
(800) 746-9464
Listed By:
TEAM KITOWSKI · License #5272890
(715) 598-6367
Added: Dec 22, 2025
Changed: Aug 19
Last Checked: Aug 30 at 1:06PM
MLS# 22600132
Copyright © 2026 Central Wisconsin 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.
This 12-unit apartment property comprises two connected buildings totaling more than 39,000 square feet on 2.68 acres. The residential unit mix includes 2-bedroom/1-bath and 1-bedroom/1-bath apartments, with all units currently occupied. Interior features include an elevator, walk-in closets, cable hookups, ceiling fans, and smoke detectors. The property also includes refrigerators and ranges, lower-level storage, utility rooms, decks, and patios.
Tenant-oriented amenities include on-site laundry, off-street parking, and common gathering areas. The additional building was formerly used as a medical facility and contains space beyond the apartment units. Brick and vinyl construction, hot water and steam heating, shingle and flat roof sections, and an accessible elevator are also present. The property is located in Iola, Wisconsin, in Waupaca County.
Tenant-oriented amenities include on-site laundry, off-street parking, and common gathering areas. The additional building was formerly used as a medical facility and contains space beyond the apartment units. Brick and vinyl construction, hot water and steam heating, shingle and flat roof sections, and an accessible elevator are also present. The property is located in Iola, Wisconsin, in Waupaca County.
Key Highlights
- 12‑unit apartment property with all units currently occupied
- More than 39,000 square feet across two connected buildings
- 2.68‑acre property in Iola, Wisconsin
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
Business Placement
Demographics for 54945, WI
3,503
Population
1,912
Households
1.8
Avg Household Size
50
Median Age
19%
College-Educated
95%
High-School Grad
107.2 sq mi
ZIP Area
33
Density / Sq Mi
$67,339
Median Household Income
$44,224
Median Earnings
$758
Median Rent
$198,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two connected buildings offer on-site laundry, shared gathering areas, and off-street tenant parking.
Where is this apartment building located?
The property is located at 165 S CHET KRAUSE DRIVE Iola, WI.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 12‑unit apartment property with all units currently occupied; More than 39,000 square feet across two connected buildings; 2.68‑acre property in Iola, Wisconsin
