940 N Bridge Street Chippewa Falls, WI

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Property 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, 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.

Includes:

CommonWaterHeater, Dryer, ElectricWaterHeater, Other, SeeRemarks, Washer

Excludes:

Sellers Personal, Tenants Personal

Directions:

Heading North on Business Hwy 53, at West River St traffic circle take the 2nd exit onto N Bridge St. Turn left on W Elm St. Turn right on Judith St. Property is accessible from the parking lot, located on Judith St.