$249,900
UNDER CONTRACT $10K PRICE DROP

539 Lake St Unit 1-2 Eau Claire, WI 54703

Randall Park Neighborhood

Estimated payment $1,638/month

Total Views 29,349
-- Bed
-- Bath
2,288 Sq Ft
$109 Price per Sq Ft

Highlights

  • Cooling Available
  • Memorial High School Rated A
  • Heating System Uses Steam

About This Home

This student rental duplex is located in a prime location near campus and offers a strong rental history, making it an excellent investment opportunity. Both units feature updated kitchens and bathrooms and are currently leased to one group of students who rent the entire property. The property generates a base rent of $2,250 per month, with additional income from water and landlord liability fees bringing the total monthly income to $2,422.50. The lease is secured through May of 2026, providing stable cash flow. A detached storage building/garage is currently used by the property manager but offers potential for future rental income or additional storage space.

Last Listed By

David Donnellan

Donnellan Real Estate Brokerage Phone: 715-836-8080 License #79500-94 Listed on: 04/03/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,743

Year Built

  • Built in 1870

Lot Details

  • 8,316 Sq Ft Lot

Home Design

  • Duplex
  • Metal Siding

Interior Spaces

  • 2,288 Sq Ft Home
  • Partial Basement

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling Available
  • Heating System Uses Steam

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Tenants Personal
  • Assessor Parcel Number 070184

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,743

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Directions: South Farwell to Left on Lake Street
  • Lot Size: 0 x 0 x
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Year Built: 1870
  • Lot Size Acres: 0.1909
  • Attribution Contact: 715-836-8080
  • Co List Office Phone: 715-836-8080
  • MLS Status: Active Under Contract
  • Above Grade Finished Sq Ft: 2288.0
  • Living Area: 2288.0
  • Property Sub Type Additional: Duplex
  • General Property Information Below Grade Unfinished Area: 432.0
  • Special Features: 4224

Interior Features

  • Has Basement: Partial
  • Appliances: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
  • Basement YN: Yes

Exterior Features

  • Foundation Details: Other, See Remarks
  • Waterfront: No
  • Exclusions: Tenants Personal
  • Construction Type: Metal Siding

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heating: Hot Water
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Eau Claire Area

Lot Info

  • ResoLotSizeUnits: Acres
  • Parcel Number: 070184
  • Zoning Description: Residential-Duplex
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3743.21

Multi Family

  • Number Of Units Total: 2

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2024 $3,999 $190,000 $23,800 $166,200
2023 $3,693 $190,000 $23,800 $166,200
2022 $3,608 $190,000 $23,800 $166,200
2021 $3,449 $190,000 $23,800 $166,200
2020 $2,798 $142,500 $23,800 $118,700
2019 $2,810 $142,500 $23,800 $118,700
2018 $2,754 $142,500 $23,800 $118,700
2017 $2,665 $119,200 $22,800 $96,400
2016 $3,002 $119,200 $22,800 $96,400
2014 -- $119,200 $22,800 $96,400
2013 -- $119,200 $22,800 $96,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2025 04/23/25 Price Changed $249,900 -3.8% $109 / Sq Ft
04/03/2025 04/03/25 For Sale $259,900 -- $114 / Sq Ft
Source: Northwestern Wisconsin Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Deed $122,500 --
Quit Claim Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $156,000 New Conventional
Closed $50,000 New Conventional
Closed $124,125 New Conventional
Source: Public Records

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Source: Northwestern Wisconsin Multiple Listing Service

MLS Number: 1590154

Northwestern Wisconsin Multiple Listing Service

APN: 07-0184

Wisconsin Eau Claire County Eau Claire 54703 Randall Park

539 Lake St Unit 1-2, Eau Claire, WI

This home is located at 539 Lake St Unit 1-2, Eau Claire, WI 54703 and is currently priced at $249,900, approximately $109 per square foot. This property was built in 1870. 539 Lake St Unit 1-2 is a home located in Eau Claire County with nearby schools including Lakeshore Elementary School, Delong Middle School, and Memorial High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwestern Wisconsin Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
David Donnellan
Listing Agent
David Donnellan
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Donnellan Real Estate
(534) 344-6875