For sale

Price cut: $10K (6/25)

$575,000

497 S Lake St, Montello, WI 53949

16beds

14,000sqft

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Apartment

Built in ----

-- sqft lot

$-- Zestimate^®

$41/sqft

$-- HOA

What's special

Former CBRF, Community based Residential facility, 2 units 8 rooms each. 16 total rooms large living rooms, Kitchens and dining rooms, new carpet front building, 2 full baths in each building, plus Apt. 1 and 6 each have a half bath, private office in each building, all electric heat, window air, sprinkler system in place, no basements, laundry, pantry's and walk out patios. Black top parking out-front on a large lot, 2 car detached garage. Current tenant is relocating. Currently no income. Set your own rents. Great extra income property. many different uses, nursing home, apt. building, efficiency rental. Located in a great historical city of Montello Wi. located near the fox river system. Quiet neighborhood. great investment! Built in 1997. Brick and vinyl exterior. Easy to maintain.

24 days

122

6

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 8
Full bathrooms: 4
1/2 bathrooms: 4

Heating

Electric, Radiant, Individual Heat Control (Unit 1), Individual Heat Control (Unit 2)

Cooling

Air Conditioning (Unit 2)

Appliances

Included: Range/Oven (Unit 1), Refrigerator (Unit 1), Washer/Dryer (Unit 1), Range/Oven (Unit 2), Refrigerator (Unit 2)
Laundry: Common Area, In Unit (Unit 2)

Features

Internet -Fiber Available, Family/Rec Room (Unit 1), Dining Room (Unit 1), Den/Office (Unit 1), Pantry ((Unit 1), Family/Rec Room (Unit 2), Dining Room (Unit 2), Den/Office (Unit 2), Pantry ((Unit 2)
Windows: Low Emissivity Windows
Basement: None

Interior area

Total structure area: 14,000
Total interior livable area: 14,000 sqft

Property

Parking

Total spaces: 25
Parking features: Outside
Details: Outside

Features

Levels: One
Patio & porch: Balcony/Patio (Unit 1), Balcony/Patio (Unit 2)
Fencing: Fenced

Lot

Size: 1.38 Acres

Details

Parcel number: 251000670000
Zoning: B3

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment

Materials

Vinyl Siding, Brick

Utilities & green energy

Water: Public
Utilities for property: Separate elec meters, Separate water meters

Community & HOA

Location

Region: Montello

Financial & listing details

Price per square foot: $41/sqft
Tax assessed value: $494,800
Annual tax amount: $12,363
Date on market: 6/5/2026
Exclusions: Personal property
Total actual rent: 12

Estimated market value

Not available

Estimated sales range

Not available

$1,040/mo

Price history

Date	Event	Price
6/25/2026	Price change	$575,000-1.7%$41/sqft
Source: SCWMLS #1999848 Report a problem
3/27/2026	Price change	$585,000-1.7%$42/sqft
Source: WIREX MLS #1999848 Report a problem
9/10/2025	Price change	$595,000-14.9%$43/sqft
Source: WIREX MLS #1999848 Report a problem
5/15/2025	Listed for sale	$699,000$50/sqft
Source: WIREX MLS #1999848 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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