Iola Multifamily Investment
For Sale
$995,000
165 S CHET KRAUSE DRIVE, Iola, WI 54945
MULTI_FAMILY - Iola, WI
Property Size39,000 SF
Lot Size2.68 Acres
Price / SF$25.51
Days on Market231
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
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
Directions
on Chet Krause Drive
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
Listing Agency:
KPR BROKERS, LLC
(800) 746-9464
Listed By:
TEAM KITOWSKI · License #5272890
(715) 598-6367
Added: Dec 22, 2025
Changed: Jun 1
Last Checked: Aug 10 at 11:06AM
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 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.
Key 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.
Property Analytics
Property Profile
Current Use
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 - 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.
