For Sale
Multi family home for sale at 165 S Chet Krause Dr Dr #185, Iola, WI 54945 | MLS# 22600132 | Listing updated on 2026-09-04
Photo 1 of Multi family home for sale at 165 S Chet Krause Dr Dr #185, Iola, WI 54945 | MLS# 22600132 | Listing updated on 2026-09-04
Photo 2 of Multi family home for sale at 165 S Chet Krause Dr Dr #185, Iola, WI 54945 | MLS# 22600132 | Listing updated on 2026-09-04
Photo 3 of Multi family home for sale at 165 S Chet Krause Dr Dr #185, Iola, WI 54945 | MLS# 22600132 | Listing updated on 2026-09-04
Photo 4 of Multi family home for sale at 165 S Chet Krause Dr Dr #185, Iola, WI 54945 | MLS# 22600132 | Listing updated on 2026-09-04
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Street View

$995,000

Monthly Est:$4,952

  • Beds Icon-- Bed
  • Beds Icon
    -- Bath
  • Beds Icon--sqft

165 S Chet Krause Dr Dr #185, Iola, WI 54945

$4,952/moEst:

Get Pre-Approved

  • Multi Family

  • Built in 1965

  • $-- HOA

  • -- sqft lot

  • --/sqft

Description

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

  • Houzeo last checked: 12 hours ago
  • Listing updated: September 4, 2026 at 3:15 pm
  • Listing Provided by: TEAM KITOWSKI (715) 598-6367 | KPR BROKERS, LLC (800) 746-9464
  • Source: WIREX | MLS#: 22600132 WIREX
  • Originating MLS: Central Wisconsin Board of Realtors

Part of

Building
165 S Chet Krause Dr Dr
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Property Details

  • Status

    Active

  • Type

    Multi Family

  • No. of Stories

    -

  • County

    Waupaca County

  • City

    Iola

  • Neighborhood

    --

  • Year Built

    1965

  • HOA Fees

    -

  • Finished Area

    - sqft

  • Lot Size

    -- sqft lot

  • Basement Area

    - sqft

  • MLS Name

    WIREX

  • MLS Number

    22600132

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Location

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedroom: --

    Bathroom: --

Price History

DateEventPrice

01/14/2026

Source: mls_logoWIREX #22600132

Listed for Sale

$995,000

$0/sqft

Based on information received from WIRES/RANW MLS through Oct 09, 2026, 02:30PM. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor Houzeo nor RANW MLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. ©2026 RANW MLS, Inc. All rights reserved.

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