Great investment opportunity with this 11-unit apartment complex featuring 6 two-bedroom units and 5 one-bedroom units, each including a 1-car detached garage. Tenants enjoy access to a community gathering space as they enter the building along with a common laundry area offering 2 coin-operated washers and 2 dryers, providing additional income. Conveniently located close to schools, dining, and shopping, this property is currently producing $10,095 per month, with strong rental history. Coin laundry brings in approximately $2,000 per year. NEW roof on all three buildings September 2025.
Closed
$1,025,000
1635 Kern Avenue #1-11, Rice Lake, WI 54868
--beds
--baths
--sqft
Multi Family, Apartment
Built in 1996
-- sqft lot
$1,039,300 Zestimate®
$--/sqft
$1,266 Estimated rent
Home value
$1,039,300
Estimated sales range
Not available
$1,266/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 15, 2025 at 08:02am
Listed by:
The Bergeman Team 715-577-7727,
Eau Claire Realty LLC
Bought with:
Josh Downs
Source: WIREX MLS,MLS#: 1594737
Originating MLS: REALTORS Association of Northwestern WI
Originating MLS: REALTORS Association of Northwestern WIFacts & features
Interior
Heating
- Natural Gas, Baseboard, Hot Water
Cooling
- Wall/Sleeve Air, Wall Unit(s)
Appliances
- Included: Dryer, Range/Oven, Refrigerator, Washer, Unit 5(Range/oven, Refrigerator), Unit 6(Range/oven, Refrigerator)
Features
- Basement: None / Slab,Concrete
- Has fireplace: No
Interior area
- Living area range: 5001 or more Square Feet
- Finished area above ground: 8,500
- Finished area below ground: 0
Property
Lot
- Size: 1.43 Acres
- Dimensions: 144 x 291 x 268 x 159
Details
- Parcel number: 276500568003
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Vinyl Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1996
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Rice Lake
- Municipality: Rice Lake
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2025 | Sold | $1,025,000-2.4% |
Source:  WIREX MLS #1594737 Report a problem | ||
| 9/30/2025 | Contingent | $1,050,000 |
Source: WIREX MLS #1594737 Report a problem | ||
| 9/24/2025 | Listed for sale | $1,050,000-4.1% |
Source: WIREX MLS #1594737 Report a problem | ||
| 9/8/2025 | Contingent | $1,095,000 |
Source: WIREX MLS #1594737 Report a problem | ||
| 8/20/2025 | Listed for sale | $1,095,000 |
Source: WIREX MLS #1594737 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 54868
Nearby schools
GreatSchools rating
- 6/10Tainter Elementary SchoolGrades: PK-4Distance: 0.4 mi
- 5/10Rice Lake Middle SchoolGrades: 5-8Distance: 1.7 mi
- 4/10Rice Lake High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- District: Rice Lake
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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