Duplex with Two
For Sale
$224,900
1004 Jefferson Avenue, Chippewa Falls, WI 54729
ResidentialIncome, Chippewa Falls, WI
Property Size1,802 SF
Lot Size0.57 Acres
Price / SF$124.81
Days on Market115
Property Features for 1004 Jefferson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Rooms
Basement
Parking features
Driveway
Patio and Porch features
Deck
Appliances
Dryer, ElectricWaterHeater, Oven, Range, Refrigerator, Washer
Elementary school district
Chippewa Falls Area Unified
Middle school district
Chippewa Falls Area Unified
High school district
Chippewa Falls Area Unified
Directions
North of the YMCA on Hwy 124 / Jefferson Ave
Standard status
Active
APN
22908311361850010
Size
1,802 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PARKSIDE PLACE LOTS 10 & 11 EX STATE HWY PER V141 P115
Tax Annual Amount
2904
Legal Description
PARKSIDE PLACE LOTS 10 & 11 EX STATE HWY PER V141 P115
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1953
Number of units
2
Building materials
MetalSiding, VinylSiding
Buildings
1
Listing Agency:
Adventure North Realty LLC
Listed By:
Matthew Ruf · License #53347-90
(715) 568-4500
Added: Jul 8
Changed: Oct 26
Last Checked: Oct 30 at 6:06AM
MLS# 1606272
Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,802-square-foot, single-story home has two bedrooms on the main floor and a finished lower level with a bedroom, office, family room, kitchen, and bathroom with laundry. The property includes two kitchens, an oversized attached one-car garage with workshop space, and a deck. Updates include newer air conditioning, furnace, bathroom, and lower-level kitchen, along with a gravel driveway and some gutters with buried downspouts. The current owner used both levels; buyers should verify intended use.
Set on a 0.5722-acre lot in Chippewa Falls, the home’s backyard overlooks Irvine Park. The yard includes a concrete pad, and the lot has room for a potential additional garage. Public water and sewer serve the property.
Set on a 0.5722-acre lot in Chippewa Falls, the home’s backyard overlooks Irvine Park. The yard includes a concrete pad, and the lot has room for a potential additional garage. Public water and sewer serve the property.
Key Highlights
- 1,802 square feet with a two‑bedroom main floor and one‑bedroom lower level
- Lower level includes an office, family room, kitchen, and bathroom/laundry room
- 0.5722‑acre lot with backyard views of Irvine Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,019
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,380
$300.4K
Cap Rate 7%
$214,557
$214.6K
Cap Rate 9%
$166,878
$166.9K
Market Conditions
NOI Build-Up for 1,802 SF
Gross rent
$22.7K $12.60/SF
− Vacancy
−$1.2K −$0.69/SF
EGI
$21.5K $11.91/SF
− OpEx
−$6.4K −$3.57/SF
NOI
$15.0K $8.33/SF
Area
Chippewa County, WI
Vacancy
5.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,380
Cap Rate 7%
$214,557
Cap Rate 9%
$166,878
Alternative Uses
Best Use
Multifamily LT 5
$214.6K
$187.7K – $250.3K
NOI $15,019 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$193.7K
$169.5K – $226.0K
NOI $13,558 @ 7.0% cap · market cap 6.03%
Theoretical Best
Warehouse
$1.00M
$875.4K – $1.17M
NOI $70,029 @ 7.0% cap · market cap 31.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
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Business Placement
Demographics for 54729, WI
33,980
Population
15,386
Households
2.2
Avg Household Size
42
Median Age
30%
College-Educated
95%
High-School Grad
165.0 sq mi
ZIP Area
206
Density / Sq Mi
$76,603
Median Household Income
$44,792
Median Earnings
$1,022
Median Rent
$263,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two levels offer separate kitchen and living spaces, with an attached garage and workshop area.
Where is this duplex located?
The property is located at 1004 Jefferson Avenue Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 1,802 square feet with a two‑bedroom main floor and one‑bedroom lower level; Lower level includes an office, family room, kitchen, and bathroom/laundry room; 0.5722‑acre lot with backyard views of Irvine Park
