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Lake Geneva, WI Multifamily Home for Sale

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    $1,600,000

    1128 Wisconsin St, Lake Geneva, WI 53147

    Prime 8-plex investment opportunity in downtown Lake Geneva's historic Maple Park. This property includes a charming Victorian home and a modern 4-plex, offering 8 fully leased units with long-term tenants. Recent upgrades include new roofs, furnaces, hot water heaters, and unit renovations like kitchens, baths, and flooring. Boasting a strong CAP rate, this solid turnkey property provides steady

    The Starboard Group* Berkshire Hathaway Starck Real Estate

    1128 Wisconsin St, Lake Geneva, WI 53147

Why Live in Lake Geneva

Lake Geneva, WI, located 50 miles southwest of Milwaukee and less than 10 miles north of the Illinois border, is a small resort town fronting Geneva Lake. Known for its historical significance and scenic beauty, Lake Geneva attracts both permanent residents and seasonal visitors, swelling its population beyond the usual 9,000 during summer months. The town offers numerous things to do, including outdoor recreation at Lake Geneva Public Beach, a 25-mile walking trail around the lake, and Big Foot Beach State Park. Residents can also enjoy public and private golf courses, wildlife reserves, and a ski resort. Downtown Lake Geneva, centered around Main Street and Broad Street, features locally owned shops and eateries, while big box stores are located near the intersection of Wisconsin state Route 50 and U.S. Highway 12. The town hosts year-round events such as Maxwell Street Days, Dragon Days, and Winter Fest, providing entertainment for all seasons. Housing options range from historic waterfront mansions to modern subdivisions and forested homes on the outskirts. The Lake Geneva Joint 1 School District and Lake Geneva-Genoa City Union High School District are highly rated, serving pre-k through high school students. Commuting is facilitated by nearby highways, with Mercyhealth Hospital 6 miles west and Milwaukee Mitchell International Airport 45 miles east. Lake Geneva boasts lower crime rates compared to the national average, though it faces moderate risks from natural disasters like tornadoes, wildfires, and flooding.

Home Trends in Lake Geneva, WI

Housing Trends

Median Sale Price
$413,500
Median Single Family Sale Price
$522,000
Median 2 Bedroom Sale Price
$265,000
Median 1 Bedroom Sale Price
$143,450
Average Price Per Sq Ft
$307
Number of Homes for Sale
173
Last 12 months Home Sales
410
Months of Supply
5.10
Median List Price
$474,500
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-3%
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