165 S CHET KRAUSE DRIVE #185, Iola, WI 54945

Iola
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
Listed by: team kitowski, mark kitowski
Office: kpr brokers, llc.
MLS#:22600132
Source:Metro MLS
165 S CHET KRAUSE DRIVE #185,Iola, WI 54945
$995,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$995,000

About this home

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

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Home facts

  • Year built:1965
  • Listing ID #:22600132
  • Added:52 day(s) ago
  • Updated:March 09, 2026 at 03:07 PM

Rooms and interior

  • Kitchen Description:Range/Oven, Refrigerator
  • Bedroom Description:Walk-In Closet(s)

Structure and exterior

  • Roof:Flat, Shingle
  • Year built:1965
  • Construction Materials:Brick/Stone, Vinyl
  • Exterior Features:Deck, Patio
  • Levels:1 Story

Schools

  • High school:Iola-Scandinavi
  • Middle school:Iola-Scandinavi
  • Elementary school:Iola-Scandinavi

Utilities

  • Water:Municipal Water
  • Sewer:Municipal Sewer

Finances and disclosures

  • Price:$995,000
  • Tax amount:$13,064 (2025)

Features and amenities

  • Appliances:Refrigerator
  • Amenities:Cable/Satellite Available, Ceiling Fan(s), Smoke Detector(s)
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