# 165 S CHET KRAUSE DRIVE, Iola, WI 54945 > **TL;DR:** 12bd/8ba residential multi family, $995,000, built 1965. Est. $5,321/mo. Listed 312 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $995,000 | | Bedrooms | 12 | | Bathrooms | 8 full | | Year Built | 1965 | | Lot Size | 116,741 sqft (2.68 acres) | | Stories | 1 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 312 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $5,031 | | Estimated Insurance | $290 | | **Total** | **$5,321** | ## Property Highlights - Built in 1965 - 2.68 acre lot ## Description ### Agent 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 rare investment opportunity. Don't miss, schedule your showing today! ## Location - **Address:** 165 S CHET KRAUSE DRIVE, Iola, WI 54945 - **County:** Waupaca County - **Coordinates:** 44.506678, -89.129234 - **Google Maps:** https://www.google.com/maps?q=44.506678,-89.129234 ## Listing Agent - **Name:** TEAM KITOWSKI - **Brokerage:** KPR Brokers, LLC - **Broker Phone:** (715) 498-2447 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/165-S-Chet-Krause-Dr_Iola_WI_54945_M85866-12913?f=listhub&s=CWBRWI&m=22600132&c=propsimple) ## Photos ![165 S CHET KRAUSE DRIVE - Photo 1](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f301234677r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 2](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f290399311r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 3](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f1282611632r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 4](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f3096864557r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 5](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f958218862r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 6](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f270452641r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 7](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f4128625831r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 8](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f4085786693r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 9](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f3543469307r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 10](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f3787272883r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 11](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f781044183r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 12](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f3597234167r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 13](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f1286277818r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 14](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f1152895785r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 15](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f2010691819r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 16](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f3147324484r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 17](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f2571038789r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 18](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f3239921654r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 19](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f3949708951r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 20](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f3199988013r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 21](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f2473491784r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 22](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f1259068633r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 23](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f3074229204r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 24](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f2767248328r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 25](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f4274499745r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 26](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f1795711333r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 27](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f662956827r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 28](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f3480887212r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 29](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f3406844551r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 30](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f3222451302r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 31](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f2340743902r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 32](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f214504050r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 33](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f2356853880r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 34](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f256952789r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 35](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f3047809713r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 36](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f702549430r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 37](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f1291805119r.jpg) ![165 S CHET KRAUSE DRIVE - Photo 38](http://lh.rdcpix.com/15990e23d41816d2468bc365d3130f2bl-f2211467399r.jpg) --- **MLS#:** 22600132 | **Updated:** 2026-10-27 **Source:** listhub *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.* [View on PropertySimple](https://staging.propertysimple.ai/listing/165-s-chet-krause-drive-iola-wi-54945-44fda014cc94458ea86d817c6f53d797) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/165-s-chet-krause-drive-iola-wi-54945-44fda014cc94458ea86d817c6f53d797#listing", "url": "https://staging.propertysimple.ai/listing/165-s-chet-krause-drive-iola-wi-54945-44fda014cc94458ea86d817c6f53d797", "name": "165 S CHET KRAUSE DRIVE, Iola, WI 54945", "description": "Investment Opportunity! Discover this unique 12-unit apartment complex located in the Village of Iola! 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