Closed

$245,000

539 Lake Street #1-2, Eau Claire, WI 54703

5beds

--sqft

Multi Family, Duplex

Built in 1870

-- sqft lot

$253,100 Zestimate^®

$--/sqft

$720 Estimated rent

Home value

$253,100

$228,000 - $281,000

$720/mo

Zestimate^® history

Owner options

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$720/mo

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$720/mo

Rent Zestimate^®

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$1,677/mo

Est. payment

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$1,677/mo

Est. payment

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What's special

Updated kitchens

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2

Heating

Natural Gas, Hot Water

Cooling

Wall Unit(s)

Appliances

Included: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer

Features

Basement: Partial,Other
Has fireplace: No

Interior area

Living area range: 2001-2500 Square Feet
Finished area above ground: 2,288
Finished area below ground: 0

Property

Lot

Size: 8,315 Square Feet

Details

Parcel number: 070184
Zoning: Residential-Duplex

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family, Duplex

Materials

Aluminum/Steel

Condition

21+ Years
New construction: No
Year built: 1870

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Eau Claire
Municipality: Eau Claire

Financial & listing details

Annual tax amount: $3,743
Date on market: 4/4/2025
Inclusions: Included:dishwasher, Included:dryer, Included:microwave, Included:oven/Range, Included:refrigerator, Included:washer
Exclusions: Excluded:tenants Personal

Price history

Date	Event	Price
6/30/2025	Sold	$245,000-2%
Source: WIREX MLS #1590154 Report a problem
5/19/2025	Contingent	$249,900
Source: WIREX MLS #1590154 Report a problem
4/23/2025	Price change	$249,900-3.8%
Source: WIREX MLS #1590154 Report a problem
4/4/2025	Listed for sale	$259,900
Source: WIREX MLS #1590154 Report a problem