548 Lake Ave N
Phillips, WI 54555

Investment opportunity near downtown overlooking the Phillips Chain of Lakes! This spacious 4 BR, 5 BA Queen Anne home on .892 acres offers a setup for a multiple-unit rental, B&B, event rental, & more! This original lumber baron's mansion boasts character with many original features intact: maple floors, trim & staircase; servant's staircase; lakeside turret & more. Entertain guests on the main floor with a great room w/wood-burning fireplace, formal dining room, small sitting room, functional kitchen w/pantry, & 1/2 bath. The 2nd level includes a library & 3 luxurious bedroom suites featuring a "bridal suite" w/spa area & air tub and views of the lake! You have a full separate open-concept living quarters w/private entry, 1 BR & lakeside turret on the 3rd level. Located on ATV/snowmobile trails & near Elk Lake Park, shopping, & abundant recreation. This also would make a great permanent home that could provide extra income! Take a look today--this could be the perfect fit for you!!