Description
Rare historic four-unit property overlooking Duncan Creek and Chippewa Falls on 1.8 acres near Irvine Park and downtown. Month-to-month tenancies offer flexibility to reposition rents, complete improvements, or pursue possible owner-occupancy. Current rents are below market. Appraised at $422,500 in May 2025. Known as the historic A.B. McDonell Mansion, built by Alexander B. McDonell, this landmark showcases hardwood floors, ornate ceilings, stained and etched glass, detailed woodwork, and floor inlays. Unit mix includes (1) 2bed/1.5bath unit with a screened porch and (3) 1bed/1bath units. Each offers abundant natural light, historic character, and scenic views. Includes a detached 3 car garage with rear storage and ample off-street parking from Judith Street. A historic driveway from N Bridge Street retains its original stonework but is no longer used. A July 2026 rental-market analysis estimates rents of $695 per month for each 1 bedroom unit and $995 for the 2 bedrooms unit, representing potential stabilized gross rent of $3,080 per month or $36,960 annually at full occupancy. Projections are not guaranteed and depend on condition, improvements, lease terms, timing, and market conditions. Buyers should verify projected rents, expenses, and improvement costs. Sold as-is. A distinctive value-add opportunity combining rental flexibility, historic character, and long-term upside in a premier Chippewa Falls location.
Interior Details
- Above Grade Finished Area3,655 SqFt
- Appliances IncludedCommon Water Heater, Dryer, Electric Water Heater, Other, See Remarks, Washer
- BasementFull
- Below Grade Unfinished Area1,000 SqFt
- Building Area Total4,655 SqFt
- ElectricCircuit Breakers
- FireplaceOne, Other, See Remarks
- Fireplaces1
- FoundationBlock, Stone
- HeatingRadiant
- Living Area3,655 SqFt
Exterior Details
- ConstructionMetal Siding
- Lake/River NameDuncan Creek
- Lot Size1.8 Acres
- ParkingOther, See Remarks
- Patio FeaturesConcrete, Covered, Patio, Porch, Screened
- SewerPublic Sewer
- ViewWater
- Water SourcePublic
- WaterfrontCreek
- Waterfront Length156 Ft
Property Details
- 2025 Taxes$5,386
- CountyChippewa
- Number of Units4
- Other StructuresOutbuilding
- PossessionSubject To Tenant Rights
- Property SubtypeQuadruplex
- School DistrictChippewa Falls Area Unified
- StatusActive
- TownshipCity of Chippewa Falls
- Unit Number1-4
- Year Built1896
- ZoningCommercial, Residential-Multifamily
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