Ad #7129073
MLS #22600132
Investment Opportunity! Discover this unique 12-unit apartment
165 S CHET KRAUSE DR, Iola, Wisconsin, 54945
$995,000
12Beds
8Baths
--Sqft
2.680Acres
About this property
Investment Opportunity! Discover this unique 12-unit apartment complex located in the Village of Iola! Spanning an entire block, this property consists of two combined buildings with over 39,000 square feet and offers ample space with potential to add additional units or repurpose the other square footage. The complex features off-street parking for tenants, on-site laundry, and inviting common gathering areas, perfect for socializing, card nights, or game day Sundays. Unit layouts include a mix of 2-bedroom/1-bath and 1-bedroom/1-bath apartments. The property boasts a strong rental history, and all units are currently occupied. The other building has potential to be repurposed or could be other potential uses. It was formerly used as a medical facility. The construction materials would be difficult to duplicate for the price this one is being offered at. Lower level features additional storage areas and utility rooms. There is a ton of potential with all the square footage this property has to offer, plus the cash flow from the 12 units that is currently in place makes this a rare investment opportunity. Don't miss, schedule your showing today!
Property Features
12 Beds
8 Baths
0 Sqft
Built in 1965
2.680 Acres
1 Story
Parking Lot
Siding: Brick, Vinyl
Flat, Shingle Roof
Hot Water(Heating), Steam
$13,064 / yr property tax
Waupaca County
Additional Photos
Contact Information
TEAM KITOWSKI
KPR Brokers, LLC
715-598-6367
Location
Listing Agent: TEAM KITOWSKI 715-598-6367
Broker: KPR Brokers, LLC 715-498-2447 Listing Site
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.
Broker: KPR Brokers, LLC 715-498-2447 Listing Site
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.
BarrierFreeHome.com
Printed Jul 24, 2026
Photo Gallery
$995,000
12
Beds
8
Baths
--
Sqft
165 S CHET KRAUSE DR, Iola, Wisconsin, 54945
By contacting this agent you agree to these Terms and Conditions.
MLS# 22600132
Investment Opportunity! Discover this unique 12-unit apartment
$995,000
165 S CHET KRAUSE DR, Iola, Wisconsin, 54945
12
Beds
8
Baths
--
Sqft
2.680
Acres
$995,000
165 S CHET KRAUSE DR, Iola, Wisconsin, 54945
12 Beds
8 Baths
-- Sqft
2.680 Acres
Accessibility Features
Accessible Elevator Installed
Investment Opportunity! Discover this unique 12-unit apartment complex located in the Village of Iola! Spanning an entire block, this property consists of two combined buildings with over 39,000 square feet and offers ample space with potential to add additional units or repurpose the other square footage. The complex features off-street parking for tenants, on-site laundry, and inviting common gathering areas, perfect for socializing, card nights, or game day Sundays. Unit layouts include a mix of 2-bedroom/1-bath and 1-bedroom/1-bath apartments. The property boasts a strong rental history, and all units are currently occupied. The other building has potential to be repurposed or could be other potential uses. It was formerly used as a medical facility. The construction materials would be difficult to duplicate for the price this one is being offered at. Lower level features additional storage areas and utility rooms. There is a ton of potential with all the square footage this property has to offer, plus the cash flow from the 12 units that is currently in place makes this a rare investment opportunity. Don't miss, schedule your showing today!
191 days
on BarrierFreeHome.com
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Property Details
HOME DETAILS
12 Beds
8 Baths
0 Sqft
Built in 1965
2.680 Acres
1 Story
EXTERIOR
Parking Lot
Siding: Brick, Vinyl
Flat, Shingle Roof
INTERIOR
Hot Water(Heating), Steam
FINANCIAL & COMMUNITY
$13,064 / yr property tax
Waupaca County
See More Details
Location
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Ad Statistics
Ad Number
7129073
Viewed
138 times
Listing Status
Active
Added
Jan 14, 2026
Last Refresh
Jul 24, 2026 04:01:17 PM
Listing Information
Data Source
Central Wisconsin MLS
Source Property ID
22600132
Listing Agent: TEAM KITOWSKI 715-598-6367
Broker: KPR Brokers, LLC 715-498-2447 Listing Site
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.
Broker: KPR Brokers, LLC 715-498-2447 Listing Site
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.
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