2,238 sqft

$824,999

141 E Rhine STREET, Elkhart Lake WI, 53020

Price per sqft$368.63

Built in1920

Property size2,238 sqft

Property typeCommercial

Courtesy of RE/MAX Universal, Beaudoin Team*

Overview

Active

Listed Jun 5, 2026

Updated Sep 11

This versatile commercial/residential rental property offers strong income potential and an unbeatable location in the heart of Elkhart Lake. The main and lower levels are currently rented, generating $3k per month on a month-to-month lease. The upper unit features 3 beds, 2 full baths and a beautiful sun porch/four-season room. During June through September, the upper unit operates successfully as an Airbnb. From October through May, it is rented to traveling nurses for $1,700/month. For owner-occupants, this property presents a unique opportunity to live in the upper unit while benefiting from rental income from the lower levels. Enjoy Elkhart Lake lifestyle, with downtown restaurants, shops and attractions all within walking distance. Also close to Road America and golf courses!

Other Property Details

Taxes: $6,195
Tax Frequency: Annually
55+/Senior Community: No

Courtesy of RE/MAX Universal, Beaudoin Team*

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Data last updated 5:15 AM UTC, 9/11/2026