Shorewest Luxury Portfolio - Fine Property Collection

497 Park Ave, Pewaukee, WI 53072-3440 Sold for $1,200,000 on 07/12/2022

497 Park Ave, Pewaukee 3 Units $1,200,000 Sold

Unique Opportunity on Pewaukee Lake w/Rental Inc

  • Multi-Family
  • Status: Sold
  • Total Number of Units: 3
  • Unit Type 1 # of Units: 1
  • Unit Type 2 # of Units: 1
  • Unit Type 2 Avg Rent: $650
  • Unit Type 3 # of Units: 1
  • Unit Type 3 Avg Rent: $600
  • Inside Parking: 2
  • Outside Parking: 2
  • Est. Square Footage: 2,916
  • Est. Year Built: 1950
  • School District: Pewaukee
  • High School: Pewaukee
  • Body of Water: Pewaukee Lake
  • County: Waukesha
  • Postal Municipality: Pewaukee
  • MLS#: 1789668
  • Listing Company: Shorewest - Menomonee Falls-Germantown
  • Price/SqFt: $411

497 Park Ave, Pewaukee, WI 53072-3440 - Rare opportunity to own a multi family or your next single family home on Pewaukee Lake! This unique opportunity offers owner's home on the main level and 2 privately accessed apartments on the upper. The rents bring in $15,000 per year, can you say bonus? Suppose this is your second home your rental income can help cover if not pay for your annual property taxes. Don't want to share the lake house with others? There's always the option to turn it into a spacious single family home. The 60' of frontage offers great views and a flat yard on the southeast side of the lake. The owner's abode has 3 bedrooms, a large living room overlooking the lake with access to deck, kitchen with appliances, full bath on main and access to the basement. In the lower level with walkout door, you'll find a cute bar overlooking a window view of the lake, family room with fireplace and a second full bath, laundry plus good storage. The 2 upper rental units are mirror images of each other and include 1 bedroom overlooking the lake, living space, kitchen and bath. No laundry facilities on site for tenants. Detached 2.5 car garage for owner and 2 off street spots for tenants. Pier is included and 2 -boat lifts available for purchase. Own this home just in time for all the summer activities that lake living offers. See MLS# 1789626 for single family listing.

Additional Features
  • Block, Full, Laundry Facilities, Walk Out/Outer Door
  • Heating/Cooling: Central Air, Indiv. Heating Units, Natural Gas
  • Water Waste: Municipal Sewer, Municipal Water
  • Inclusions: See extensive list in MLS docs
  • Duplex +, Waterfrontage on lot
  • Water Features: Lake, Pier
  • Waterfront/Access: Y
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1789668 Sold ActiveWO Jul 15 2022 9:30AM $1,200,000 4
1789668 ActiveWO Active May 9 2022 7:40PM 4
1789668 Active Delayed May 6 2022 2:16AM 4

Estimated Monthly Payment

$3,287 per month
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Ann Lebiecki

Ann Lebiecki

Listing Agent • 414.510.1908

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