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    Iola Multifamily Investment Opportunity Title is generated by Realmo AI

    165 S CHET KRAUSE DRIVE, Iola, WI 54945

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    For Sale
    $995,000

    MULTI_FAMILY - Iola, WI

    Property size:
    39,000 SF
    Lot size:
    2.68 Acres
    Price / SF:
    $25/SF
    Added:
    Dec 22, 2025
    Days on Market:
    180
    Last Refresh:
    Jun 20 at 11:06 am

    Property Features for 165 S CHET KRAUSE DRIVE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    12
    Bathrooms
    8
    Rooms
    Bathroom 2, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 2, Bathroom 8, Bathroom 6, Bathroom 7, Bedroom 9, Bedroom 11, Bathroom 1, Bathroom 5, Basement, Bedroom 4, Bedroom 8, Bedroom 12, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 7, Bedroom 10
    Parking features
    Parking Lot
    Patio and Porch features
    Patio, Deck
    Interior features
    Ceiling Fan(s), Smoke Detector, Cable Hookup, Walk-In Closet(s), Carpet, Elevator
    Accessibility
    Accessible Elevator Installed
    Appliances
    Refrigerator, Range
    Standard status
    Active
    Size
    39,000 SF
    Lot size
    2.68 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    13064

    Utilities

    Heating system
    Hot Water(Heating), Steam

    Building Details

    Year built
    1965
    Floors in Building
    1
    Number of units
    12
    Building materials
    Brick, Vinyl
    Roof type
    Flat, Shingle

    We can help!

    Listing Contact
    TEAM KITOWSKI

    Listing agent TEAM KITOWSKI License #5272890

    Listing office KPR BROKERS, LLC 2417 Post Rd, Stevens Point, WI

    Listing date Dec 22, 2025

    MLS# 22600132 Listing URL

    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.

    HighLights

    • Twelve‑unit apartment complex with strong rental history and 100% occupancy.
    • Significant square footage (over 39,000 sq ft) with potential for adding units or repurposing space.
    • Includes a second building formerly used as a medical facility, offering diverse repurposing possibilities.
    • Features off‑street parking, on‑site laundry, and common gathering areas.
    • Mix of 2‑bedroom/1‑bath and 1‑bedroom/1‑bath apartment layouts.
    • Constructed with materials that would be difficult to duplicate at the current price.

    Overview

    This 12-unit apartment complex is located in the Village of Iola. The property spans an entire block and consists of two combined buildings with over 39,000 square feet. The property has the potential to add additional units or repurpose the other square footage. The complex features off-street parking for tenants, on-site laundry, and common gathering areas. Unit layouts include a mix of 2-bedroom/1-bath and 1-bedroom/1-bath apartments. All units are currently occupied. The property boasts a strong rental history. The other building has potential to be repurposed and was formerly used as a medical facility. The lower level features additional storage areas and utility rooms. The property is situated on a 2.68-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Butternut Ridge Independent ... Apartment Building

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Gym & Fitness Center Skin Care Clinic Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Iola
    County
    Waupaca
    State
    Wisconsin
    Longitude
    -89.129234
    Latitude
    44.506678

    FAQs

    What type of property is this?
    Apartment building - Twelve-unit apartment complex with redevelopment potential in Iola, Wisconsin.
    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: Twelve‑unit apartment complex with strong rental history and 100% occupancy.; Significant square footage (over 39,000 sq ft) with potential for adding units or repurposing space.; Includes a second building formerly used as a medical facility, offering diverse repurposing possibilities.
    (715) 598-6367
    We can help!
    Listing Contact
    TEAM KITOWSKI
    Real Estate License ID: 5272890
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