NOT LISTED FOR SALE

1040 2nd St Unit 1-9 Chetek, WI 54728

Studio
-- Bath
5,872 Sq Ft
7,884 Sq Ft

Last Sold May 28, 2021

Last sale price $595,000 $101 Per Sq Ft

8 Days on Market

Highlights

  • Lake Front
  • Deck
  • Baseboard Heating

About This Home

As of May 2021

9 Unit apartment on Lake Chetek. 6 lakefront units 4 with large decks over looking the lake! 6 of 9 units fully remodeled! Well maintained property currently 100 % occupied (see proforma)Includes 3 docks with new decks and an additional lot (separate PID) across the street zoned G2 (Currently used for additional parking) Newer steel roof (2016), recently installed concrete patio sidewalk & stairs (2018). Newer large decks (2017) Strong cash flow!!

Last Agent to Sell the Property

John Stainbrook

JRS Real Estate Partners LLC License #58688-90 Listed on: 04/19/2021

Last Buyer's Agent

John Stainbrook

JRS Real Estate Partners LLC License #58688-90 Listed on: 04/19/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,759

Year Built

  • Built in 1974

Lot Details

  • 7,884

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 5,872 Sq Ft Home
  • Lake Views
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Baseboard Heating

Additional Features

  • Deck
  • Lake Front

Listing and Financial Details

  • Assessor Parcel Number 211-1309-18-000

Community Details

Overview

  • 9 Units

Building Details

  • Electric Expense $1,200
  • Fuel Expense $450
  • Insurance Expense $2,000
  • Maintenance Expense $2,300
  • Trash Expense $1,150
  • Water Sewer Expense $2,300

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,759

Year Built

Built in 1974

Lot Details

7,884 Sq Ft Lot

Listing Details

  • Directions: Hwy 53 North to Chetek exit go East ( right ) to property on the right.
  • Lot Size: 138 x 50 x 132 x 66
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Year Built: 1974
  • Lot Size Acres: 0.181
  • View Type:Pond View: Lake
  • Water Body Name: Chetek
  • Co List Office Phone: 612-221-4424
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 5872.0
  • Living Area: 5872.0
  • Property Sub Type Additional: Apartment
  • Above Grade Unfinished Sq Ft: 5872.0
  • Special Features: None

Interior Features

  • Has Basement: Full
  • Basement YN: Yes

Exterior Features

  • Foundation Details: Block, Other, See Remarks
  • Waterfront: Yes
  • View: Yes
  • Waterfront Features: Lake
  • Construction Type: Brick, Vinyl Siding
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: Asphalt, Driveway, Other, See Remarks

Utilities

  • Cooling: None
  • Electric: Circuit Breakers
  • Heating: Baseboard
  • Sewer: Public Sewer
  • Cooling Y N: No
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Annual Fuel Expense: 450.0
  • Trash Expense: 1150.0
  • Annual Water Sewer Expense: 2300.0

Schools

  • Junior High Dist: Chetek-Weyerhaeuser

Lot Info

  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 211-1604-44-000
  • Parcel Number: 211-1309-18-000
  • Zoning Description: Residential-Multifamily
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6759.0

Multi Family

  • Number Of Units Total: 9
  • Electric Expense: 1200.0
  • Insurance Expense: 2000.0
  • Maintenance Expense: 2300.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2021
Closed on
May 27, 2021
Sold by
Chetek Properties Llc A Wisconsin Limited Lia
Bought by
Jlo Homes I Llc A Wisconsin Limited Liability
Seller's Agent
John Stainbrook
JRS Real Estate Partners LLC
Buyer's Agent
John Stainbrook
JRS Real Estate Partners LLC
List Price
$574,000
Sold Price
$595,000
Premium/Discount to List
$21,000
3.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
2.95%

Purchase Details

Listed on
Mar 31, 2017
Closed on
May 23, 2017
Sold by
Loew Clyde A
Bought by
Chetek Properties Llc
Seller's Agent
David Strassman
Riverbend Realty Group, LLC
Buyer's Agent
David Strassman
Riverbend Realty Group, LLC
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.02%
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Jlo Homes I Llc A Wisconsin Limited Liability $595,000 --
Jlo Homes I Llc A Wisconsin Limited Liability $595,000 --
Chetek Properties Llc $340,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Jlo Homes I Llc A Wisconsin Limited Liability --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/28/2021 05/28/21 Sold $595,000 +3.7% $101 / Sq Ft
04/28/2021 04/28/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $574,000 +68.8% $98 / Sq Ft
05/30/2017 05/30/17 Sold $340,000 -2.9% $58 / Sq Ft View Prior Sale
04/30/2017 04/30/17 Pending -- -- --
03/31/2017 03/31/17 For Sale $350,000 -- $60 / Sq Ft
Source: Northwestern Wisconsin Multiple Listing Service

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,866 $587,700 $117,400 $470,300
2024 $10,815 $587,700 $117,400 $470,300
2023 $9,762 $587,700 $117,400 $470,300
2022 $10,033 $587,700 $117,400 $470,300
2021 $6,524 $286,400 $100,600 $185,800
2020 $6,788 $286,400 $100,600 $185,800
2019 $7,005 $286,400 $100,600 $185,800
2018 $7,360 $286,400 $100,600 $185,800
2017 $7,050 $286,400 $100,600 $185,800
2016 $6,936 $286,400 $100,600 $185,800
2015 $6,664 $286,400 $100,600 $185,800
2014 $6,952 $286,400 $100,600 $185,800
2013 $6,920 $286,400 $100,600 $185,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwestern Wisconsin Multiple Listing Service

MLS Number: 1552263

Northwestern Wisconsin Multiple Listing Service

APN: 211-1309-18-000

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