141 E Rhine St, Elkhart Lake, WI 53020

Listing office RE/MAX Universal Show Phone

Listing date Jun 5, 2026

Source Exprealty

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Overview

This mixed-use rental property includes multiple levels with both residential and income-producing components. The main and lower levels are currently rented on a month-to-month basis, generating $3,000 per month. The upper unit features 3 bedrooms, 2 full bathrooms, and a sun porch/four-season room that can serve as an additional comfortable living space year-round.

During June through September, the upper unit operates as an Airbnb. From October through May, it is rented to traveling nurses for $1,700 per month, creating a seasonal variation in use that is already reflected in the property’s current operating history. The property is described as being in the heart of Elkhart Lake, with downtown restaurants, shops, and attractions within walking distance, and it is also close to Road America and golf courses.

For an owner-occupant, the layout supports living in the upper unit while continuing to collect rent from the main and lower levels. For investors, the current leasing structure across levels provides a basis for evaluating a property that blends long-term and short-term rental operation within one building.

Suggested Use

Parking Lot & Garage Electrical Service Plumbing Service Auto Parts Store Bakery (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Barber Shop Veterinary Clinic Building Supply

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Elkhart Lake

County

Sheboygan

State

Wisconsin

Longitude

-88.0164415

Latitude

43.833199

FAQs

What type of property is this?

Short term rental property - Upper unit includes a sun porch/four-season room, with other levels currently leased for monthly rental income.

Where is this short term rental property located?

The property is located at 141 E Rhine St Elkhart Lake, WI.

What is the asking price?

The asking price for this property is $824,999.

What are key features of this property?

This property features: Main and lower levels are currently rented month‑to‑month, generating $3,000 per month; Upper unit has 3 beds and 2 full baths plus a sun porch/four‑season room; Upper unit operates as an Airbnb from June through September