Listing provided courtesy of United Country Midwest Lifesty- MLS# 1999848MLS Provider

497 S Lake StreetMontello, WI 53949

Multi-Family · 1.38 Acres
$575,000 Active

497 S Lake Street Overview

Time on Site:
410 days
Visits:
77

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.

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497 S Lake Street Facts & Features

  • Type Multi-Family
  • Lot 1.38 Acres

Details

General

School Information

  • Elementary School: Call School District
  • Middle Or Junior School: Montello
  • High School: Montello

Green Features

  • Green Energy Efficient: Low E Windows

Building Information

  • Water/Waste: Municipal water
  • Year Built: 999

Location/Region

  • County Or Parish: Marquette
  • Location: MONTELLO - C
  • Postal City: Montello

Rent/Lease Information

  • Unit 2 Monthly Rent: $0.00

Tax Information

  • Tax Annual Amount: $12,363.00
  • Tax Assessed Value: $494,800.00
  • Tax Year: 2025

General Information

  • Exclusions: Personal property
  • Miscellaneous: Shared laundry, Building Sprinkler System, Fenced yard, Internet -Fiber Available
  • Parcel Number: 251000670000
  • Property Type: Multi Family
  • Sub-Type: Apartment building, 1 story
  • Zoning: B3

Unit Information

  • Unit 1: Family/Rec rm, Dining room, Den/office, Balcony/patio, Range/oven, Refrigerator, Washer/dryer, Individual heat control, Pantry
  • Unit 2: Family/Rec rm, Dining room, Den/office, Balcony/patio, Air conditioning, Range/oven, Refrigerator, Individual heat control, In-unit laundry, Pantry

Interior

Building Information

  • # Furnaces: 0
  • Heating Fuel: Electric

Beds/Baths

  • Number of 2 Bedrooms: 0

Building Interior

  • # Stoves: 2
  • # Water Heaters: 2

General Information

  • Basement: None

Unit Information

  • Unit 1 Monthly Rent: $1.00
  • Unit 2 Parking: Street
  • Unit 1 Parking: Street
  • Unit 1 # Bedrooms: 8
  • Unit 2 # Bedrooms: 8
  • Unit 1 Full Baths: 2
  • Unit 1 Half Baths: 2
  • Unit 2 Full Baths: 2
  • Unit 2 Half Baths: 2
  • Unit 1 Primary Bedroom Level: M
  • Unit 1 Primary Bedroom Dimension: 14x14
  • Unit 1 Bedroom 2 Level: M
  • Unit 1 Bedroom 2 Dimension: 14x14
  • Unit 1 Bedroom 3 Level: M
  • Unit 1 Bedroom 3 Dimension: 14x14
  • Unit 1 Dining Room Level: M
  • Unit 1 Dining Room Dimension: 36x12
  • Unit 1 Kitchen Level: M
  • Unit 1 Kitchen Dimension: 18x13
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Living/Great Room Dimension: 30x20
  • Unit 1 Other Room: Bedroom
  • Unit 1 Other Room Level: M
  • Unit 1 Other Room Dimension: 14x14
  • Unit 1 Other Room 2: Bedroom
  • Unit 1 Other Room 2 Level: M
  • Unit 1 Other Room 2 Dimension: 14x14
  • Unit 1 Other Room 3: Bedroom
  • Unit 1 Other Room 3 Level: M
  • Unit 1 Other Room 3 Dimension: 14x14
  • Unit 2 Primary Bedroom Level: M
  • Unit 2 Primary Bedroom Dimension: 14x14
  • Unit 2 Bedroom 2 Level: M
  • Unit 2 Bedroom 2 Dimension: 14x14
  • Unit 2 Bedroom 3 Level: M
  • Unit 2 Bedroom 3 Dimension: 14x14
  • Unit 2 Dining Room Level: M
  • Unit 2 Dining Room Dimension: 36x12
  • Unit 2 Kitchen Level: M
  • Unit 2 Kitchen Dimension: 18x13
  • Unit 2 Living/Great Room Level: M
  • Unit 2 Living/Great Room Dimension: 30x20
  • Unit 2 Other Room: Bedroom
  • Unit 2 Other Room Level: M
  • Unit 2 Other Room Dimension: 14x14
  • Unit 2 Other Room 2: Bedroom
  • Unit 2 Other Room 2 Level: M
  • Unit 2 Other Room 2 Dimension: 14x14
  • Unit 2 Other Room 3 Level: M
  • Unit 2 Other Room 3 Dimension: 14x14

Exterior

Parking Information

  • Parking Stalls Inside: 0

Lot Information

  • Lot Size Acres: 1.38

Building Exterior/Construction

  • Construction Materials: Vinyl, Brick

General Information

  • Number Of Units Total: 2
  • Utilities: Separate elec meters, Separate water meters

497 S Lake Street Neighborhood

Community

53949 (Mecan) Demographics

52
Median Age
35
Population Density (per sq. mile)
24%
College Educated
$54,194
Estimated Median Income
2,270
Estimated Total Home Owners
487
Estimated Total Renters
82% / 18%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

497 S Lake Street Market Data

Based on the last 30 days in this zip code

$357,209
Average List Price
$208
Average Price per Square Foot
6
Properties Sold
87
Average Days on Market
52
Properties for Sale
Calculations provided by Reliance Network

497 S Lake Street History

Date Event Value Agent
6/25/2026Source: South Central Wisconsin MLS Price Reduction
$575,000 -1.7%
3/27/2026Source: South Central Wisconsin MLS Price Reduction
$585,000 -1.7%
9/10/2025Source: South Central Wisconsin MLS Price Reduction
$595,000 -14.9%
9/2/2025Source: South Central Wisconsin MLS Status Change
Active
8/30/2025Source: South Central Wisconsin MLS Status Change
Expired
7/28/2025Source: South Central Wisconsin MLS Added to Database
May 15, 2025