12-Unit Apartment
For Sale
$995,000
165 S Chet Krause Drive, Iola, WI 54945
Two connected buildings include shared gathering areas, on-site laundry, and off-street tenant parking.
Property SizeContact for details
Days on Market306
Property Features for 165 S Chet Krause Drive
General Information
Standard status
Active
Property subtype
Multi Family Home
Zoning
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
12
Tenant in Place
Yes
Amenities
on-site laundry
common gathering areas
Building Details
Year Built
1965
Buildings
2
Stories
1
Units
12
Listing Agency:
Kpr Brokers, LLC
(800) 746-9464
Listed By:
Team Kitowski · License #5272890
(715) 598-6367
Source:
Freedom-choice
Added: Dec 22, 2025
Changed: Oct 23
Last Checked: Oct 23 at 4:45PM
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 Kpr Brokers, LLC
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Investment Insights
Based on property information with market context.
The property comprises two connected buildings with 12 apartments and more than 39,000 square feet of total space. Apartment layouts include one-bedroom, one-bathroom and two-bedroom, one-bathroom units. Shared features include on-site laundry, gathering areas, lower-level storage, utility rooms, and off-street parking. The buildings date to 1965, and the property is zoned Multi-Family.
All 12 apartments are occupied. Additional building area may offer room for expansion or another use; one building was previously used as a medical facility.
All 12 apartments are occupied. Additional building area may offer room for expansion or another use; one building was previously used as a medical facility.
Key Highlights
- 12 apartments, all currently occupied
- More than 39,000 square feet across two connected buildings
- Unit mix includes one‑bedroom/one‑bathroom and two‑bedroom/one‑bathroom layouts
Property Analytics
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Lease Details
12
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Two connected buildings include shared gathering areas, on-site laundry, 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 apartments, all currently occupied; More than 39,000 square feet across two connected buildings; Unit mix includes one‑bedroom/one‑bathroom and two‑bedroom/one‑bathroom layouts
