497 Park Ave, Pewaukee, WI 53072-3440
BD: 5
BA: 4/0
Active with Offer

497 Park Ave, Pewaukee, WI 53072-3440


Unique Opportunity on Pewaukee Lake w/Rental Inc



  • Single Family Home
  • Status: Active with Offer
  • 11 Total Rooms
  • 5 Bedrooms
  • 4 Full Bathrooms
  • Est. Square Footage: 2,916
  • Est. Above Grade Sq Ft: 2,544
  • Est. Below Grade Sq Ft: 372
  • Garage: 2.5, Detached
  • Est. Year Built: 1950
  • Est. Acreage: 0.24
  • School District: Pewaukee
  • High School: Pewaukee
  • Body of Water: Pewaukee Lake
  • Est. Waterfront Footage: 60.0
  • County: Waukesha
  • Property Taxes: $10,741
  • Property Tax Year: 2021
  • Postal Municipality: Pewaukee
  • MLS#: 1789626
  • Listing Company: Shorewest - Menomonee Falls-Germantown
  • Price/SqFt: $411

Property Description

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# 1789668 for multi family listing. .

Room Dimensions


  • Living Rm: 23.0 x 16.0
  • Kitchen: 18.0 x 13.0
  • Primary BR: 14.0 x 11.0
  • BR 2: 13.0 x 10.0
  • BR 3: 13.0 x 11.0
  • Full Baths: 1


  • Full Baths: 2


  • Rec Rm: 16.0 x 14.0
  • Den: 13.0 x 10.0
  • Other Rm: 9.0 x 7.0
  • Full Baths: 1
  • Additional features


    • Block, Full, Partially Finished, Walk Out/Outer Door

    Interior Features

    • Heating/Cooling: Natural Gas Central Air, Multiple Units, Radiant
    • Water Waste: Municipal Sewer, Municipal Water
    • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer

    Building and Construction

    • 2 Story
    • Waterfrontage on Lot
    • Exterior: Deck
    • Colonial

    Land Features

    • Waterfront/Access: Y
  • Property History
    MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
    1789626 ActiveWO Active May 9 2022 7:41PM 50
    1789626 Active Delayed May 6 2022 2:16AM 50
  • Schools
  • Demographics
  • Market Conditions

Buyer understands that the information which is contained on Data pages is obtained from a number of different sources and which has not been independently verified or confirmed by the various real estate brokers and agents who have been and are involved in this transaction. If any particular measurement or data element is important or material to buyer, Buyer assumes all responsibility and liability to research, verify and confirm said data element and measurement. REALTOR *MLS* Equal Housing Opportunity

Home Valuation Report