Active

$124,900

123 Center St, Lake Geneva, WI 53147

1
beds: 1
baths: 712
sqft

Est. cost to own: $826/moSee the math

Condo

Built in 2001

$175/sqft

No HOA dues listed

Off the lake

What's special

SILVER UNIT IN THE MILL CREEK HOTEL in downtown Lake Geneva. Conveniently located in the central business area with an easy walk to Geneva Lake and all that downtown has to offer. Unique shops, bars, and restaurants all around. Indoor pool, fitness center, game room and outdoor patio. A nice added treat is the generous breakfast included each day. Unit faces the creek.

146 days on market | Listed 6/19/2026

Listing courtesy of Coldwell Banker Real Estate Group

Source: Metro MLS · MLS# 1968244

Drive times

Downtown Lake Geneva	0 mi	about 5 min
Chicago Loop	64 mi	about 1 hr 35 min
O'Hare Airport	50 mi	about 1 hr 15 min
Downtown Milwaukee	41 mi	about 1 hr
Milwaukee Airport	37 mi	about 55 min

Straight-line miles and typical drive estimates without traffic. Friday afternoons from Chicago take longer.

Tour this home

Time

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1

Interior area

Living area: 712 sqft

Property

Waterfront

On the water: No

Construction

Home type: Condo
Year built: 2001

Community & HOA

Community

Community: The Mill Creek Hotel
Type: Condo-hotel or resort condo

HOA

Dues: None listed

Location

Town: City of Lake Geneva
County: Walworth County
ZIP: 53147

Financial & listing details

Price

List price: $124,900
Price per sqft: $175
Property taxes: $1,831 a year

Listing

Status: Active
Days on market: 146
MLS#: 1968244
Listing firm: Coldwell Banker Real Estate Group

Can you rent it out?

Yes, with a City license

This home is in the City of Lake Geneva. 2-night minimum, one guest every 7 days, 180-day season.

Town rulesResearched
The Mill Creek HotelThe association runs a rental program
Rental incomeProjection on request

What the Lake Geneva rules say

Guests stay at least 2 nights, and the next guest can't arrive until 7 days after the last one arrived (Ordinance 24-13, adopted November 25, 2024).
Rentals run in one season of up to 180 consecutive days a year that the owner picks. Outside it, the next guest can't arrive for 29 days.
An annual City license ($1,300 a year), renewed by January 31, plus a state license, room tax permit, business license, building inspection and insurance.
Licenses don't transfer. A buyer needs a new license before renting.
A designated operator within 25 miles, reachable 24/7, and at least 2 off-street parking spaces plus 1 for each bedroom over two.
Every listing must show the City license number and the parking. Renting without a license is $1,000 a day.

Full Lake Geneva rules and sources

The Mill Creek Hotel rules

Owners can join the hotel rental program. Program rules may limit the dates owners can use or rent their suites. Confirm the terms before you buy.

What could it earn?

Get a rental projection for this home, built from the lake homes ELITE Lake Rentals actually manages in Lake Geneva: likely nights booked, gross income and the costs that come out of it.

Get a rental projection

ELITE Lake research, checked November 2026. Not MLS data. General information, not legal advice. Confirm with the City of Lake Geneva.

Price history

Date	Event	Price
6/19/2026	Listed for sale	$124,900$175/sqft

Source: Metro MLS #1968244. Earlier sales are the ones recorded in Metro MLS; private sales don't appear.

Property taxes

$1,831 a year, from the listing.

Cost to own

The monthly picture, with room to net out rental income. Change any number.

Estimated monthly cost

$826/mo

Principal and interest: $632
Property taxes: $153
Homeowners insurance: $42
HOA dues: $0

Expected rental income per year (optional)

Home priceDown payment (%)Interest rate (%)Loan termHOA dues per monthProperty taxes per yearInsurance per year

Estimates only. The 6.5% rate is an example, so enter your own quote. Taxes are from the listing. Lake homes often need flood or higher-value coverage.

Neighborhood: City of Lake Geneva

Part ofThe Mill Creek HotelCondo-hotel or resort condo. Lake access, amenities, dues and community rules →

Flood zone

Lake homes can sit in or near a flood zone, which affects insurance. Check the FEMA flood map or ask me to pull it with the survey.

Nearby towns and lakes

Ask about this home

Listing information is provided by Metro MLS. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers' personal, non-commercial use to identify properties they may be interested in purchasing. Copyright 2026 – Multiple Listing Service, Inc. – All Rights Reserved. Listing data last updated Nov 11, 2026, 7:57 PM Central.

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123 Center St, Lake Geneva, WI 53147