Two-Unit Duplex with Enclosed
For Sale
$199,900
613-613 1/2 E Grand Avenue 1-2, Chippewa Falls, WI 54729
Both residences provide two bedrooms, one bath, and spacious floor plans.
Property Size1,798 SF
Price / SF$111.18
Days on Market76
Property Features for 613-613 1/2 E Grand Avenue 1-2
General Information
Standard status
Active
Size
1,798 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
CB Brenizer/Chippewa
Listed By:
Amber Linhart · License #68163-94
(715) 723-5521
Source:
Homcentric
Added: Aug 2
Changed: Oct 7
Last Checked: Oct 7 at 2:35PM
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 CB Brenizer/Chippewa
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,798-square-foot duplex, built in 1900, contains two residences with matching layouts of two bedrooms and one bathroom each. The main-level unit includes an enclosed rear porch and direct access to the basement. The upper residence has its own enclosed porch and a separately enclosed stairway entry. Recent improvements to the upper unit include updated cupboards, a new countertop, flooring, and fresh paint.
The property is located in the East Hill area of Chippewa Falls at 613-613 1/2 E Grand Avenue. On-site parking is available, with Kwik Trip and downtown Chippewa Falls nearby. The configuration supports use as a two-unit residential property or an owner-occupied arrangement, as described in the property information.
The property is located in the East Hill area of Chippewa Falls at 613-613 1/2 E Grand Avenue. On-site parking is available, with Kwik Trip and downtown Chippewa Falls nearby. The configuration supports use as a two-unit residential property or an owner-occupied arrangement, as described in the property information.
Key Highlights
- Two‑unit duplex with 1,798 square feet of property size
- Both units offer 2 bedrooms and 1 bath
- Upper unit updated with cupboards, countertop, flooring, and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,986
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,720
$299.7K
Cap Rate 7%
$214,086
$214.1K
Cap Rate 9%
$166,511
$166.5K
Market Conditions
NOI Build-Up for 1,798 SF
Gross rent
$22.7K $12.60/SF
− Vacancy
−$1.2K −$0.69/SF
EGI
$21.4K $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%
$299,720
Cap Rate 7%
$214,086
Cap Rate 9%
$166,511
Alternative Uses
Best Use
Multifamily LT 5
$214.1K
$187.3K – $249.8K
NOI $14,986 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$193.3K
$169.1K – $225.5K
NOI $13,528 @ 7.0% cap · market cap 6.77%
Theoretical Best
Warehouse
$998.2K
$873.4K – $1.16M
NOI $69,873 @ 7.0% cap · market cap 34.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences provide two bedrooms, one bath, and spacious floor plans.
Where is this duplex located?
The property is located at 613-613 1/2 E Grand Avenue 1-2 Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,798 square feet of property size; Both units offer 2 bedrooms and 1 bath; Upper unit updated with cupboards, countertop, flooring, and fresh paint
