$1,800,000

615 Michigan Ave Sheboygan, WI 53081

Central Sheboygan Neighborhood

Estimated payment $11,268/month

Total Views 12,165
-- Bed
-- Bath
23,380 Sq Ft
$77 Price per Sq Ft

About This Home

Immaculate 12-unit building with a lower-level office featuring a private entryperfect for property management, professional use, or added rental income. Each spacious unit offers 2 bedrooms, with 2 featuring in-unit laundry, plus convenient shared laundry facilities on every floor. Tenants appreciate underground parking, elevator access, and secure keyed entrypremium amenities that set this property apart from the competition. Professionally managed, meticulously maintained, and located in a highly desirable area near downtown, the marina, and beautiful Lake Michigan. Strong rental history, pride of ownership, and excellent condition make this a premier opportunity for the savvy investorideal for portfolio growth, a 1031 exchange, or leveraging new investment incentives. A local gem!

Listing Agent

Brost Group

Keller Williams Empower License #58992-90 Listed on: 08/27/2025

Keller Williams Empower

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.34 Acre Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 23,380 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

  • Grant Elementary School
  • Urban Middle School
  • South High School

Community Details

  • Operating Expense $55,610
  • Net Operating Income $104,812

Listing and Financial Details

  • Exclusions: Seller and Tenant's Personal Property
  • Assessor Parcel Number 59281103075

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.34
  • Inclusions: Refrigerator (12), Dishwasher (12), Oven (12), Washer (4), Dryer (4), Built-in Microwaves
  • Directions: Hwy 23/Erie Ave East, North on N 14th St, East on Michigan Ave, Building on Right
  • Special Features: None

Interior Features

  • Owner Pays: Other, Sewer, Water
  • Has Basement: Full
  • Basement YN: Yes

Exterior Features

  • Exclusions: Seller and Tenant's Personal Property
  • Construction Type: Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: Near Public Transit, Outdoor Space, Underground Garage

Utilities

  • Sewer: Municipal Sewer

Schools

  • Elementary School: Grant
  • Junior High Dist: Sheboygan Area
  • High School: South
  • Middle Or Junior School: Urban

Lot Info

  • Lot Size Sq Ft: 14810.4
  • Parcel #: 59281103075

Rental Info

  • Tenant Pays: Other

Multi Family

  • Property Net Operating Income: 104812
  • Annual Operating Expense: 55610

Map

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2025 11/25/25 Price Changed $1,299 -0.1% --
11/22/2025 11/22/25 For Rent $1,300 0.0% --
08/27/2025 08/27/25 For Sale $1,800,000 -- $77 / Sq Ft
Source: Metro MLS

Source: Metro MLS

MLS Number: 1932628

Metro MLS
Wisconsin Sheboygan County Sheboygan 53081 Central Sheboygan

615 Michigan Ave, Sheboygan, WI

For Sale

MultiFamily

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Nearby Homes
Listing Agent
Brost Group
Section Image
Keller Williams Empower
(920) 598-5771