Active w/ Offer Residential Income  |  Triplex  |  MLS #1600870
  • 404 Olive Street 3

    Chippewa Falls, WI 54729
    • 3,486 Square
      Feet
    • 0.19 Total
      Acres
  • $275,000

    $79/Sq.Ft.

Property Description

Turnkey investment opportunity with consistent income and low-maintenance ownership. This multi-unit property features three separate units currently generating $2,550 per month in rental income. The property includes a studio unit ideal for single occupants or flexible rental options, an upper-level two-bedroom unit with comfortable living space, and a spacious main-level two-bedroom unit occupied by long-term tenants. The main unit tenants also rent the on-site shop, adding to the overall income stability. This property has been easy to maintain for the current owners, making it a hassle-free addition to any investment portfolio. Whether you are looking to expand your portfolio or step into real estate investing, this property offers steady cash flow and reliable tenancy. All investors are welcome to explore this solid income-producing opportunity.

Interior Features

  • Above Grade Finished Area: 2,334 SqFt
  • Appliances Included: Electric Water Heater, Gas Water Heater, Oven, Range, Refrigerator
  • Basement: Crawl Space, Partial
  • Below Grade Unfinished Area: 1,152 SqFt
  • Building Area Total: 3,486 SqFt
  • Electric: Circuit Breakers
  • Foundation: Block
  • Heating: Baseboard, Hot Water
  • Living Area: 2,334 SqFt

Exterior Features

  • Construction: Metal Siding
  • Lot Size: 0.19 Acres
  • Sewer: Public Sewer
  • Water Source: Public

Property Details

  • 2025 Taxes: $3,127
  • County: Chippewa
  • Number of Units: 3
  • Possession: Subject To Tenant Rights
  • Property Subtype: Triplex
  • School District: Chippewa Falls Area Unified
  • Status: Active w/ Offer
  • Township: City of Chippewa Falls
  • Unit Number: 3
  • Water & Sewer Expense: $1,400
  • Year Built: 1880
  • Listing Office: Property Shoppe Realty, LLC
  • Last Update: May 20th @ 11:39 AM

Units

Unit #1  |  $1,150
Bedrooms: 2  |  Bathrooms: 1
Rented Until May 2027

Tenant rents out the shop and uses it for their business. ($850 for unit and $300 for shop)

Unit #2  |  $800
Bedrooms: 2  |  Bathrooms: 1
Rented Until May 2027

Unit #3  |  $600
Bedrooms: 0  |  Bathrooms: 0
Rented Until May 2027

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Data relating to real estate for sale on this website comes in part from the IDX program of the NW WI MLS. Information provided by NW WI MLS is compiled from third-party sources. The information is deemed reliable, but cannot be guaranteed. Neither NW WI MLS, the listing broker, or its agents or subagents are responsible for its accuracy. DISCLAIMER: This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is updated on a regular basis. However, some properties which appear for sale on this site may subsequently have been sold and may no longer be available. This data is current as of June 17th, 2026 at 11:40 PM.