Real Estate Investment Properties for Sale in Elbow Lake, MN

Looking for investment property in Elbow Lake, MN with high ROI ?

Explore a variety of short-term homes & houses in Elbow Lake, MN. Invest wisely with VRBO & Elbow Lake, MN Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Elbow Lake, MN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
416 E Division St Elbow Lake, MN This turn of the century home is located on a large manicured corner lot. Featuring beaut...	4 beds \| 1 baths \| 2,340 sq.ft.	$194,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.23% Airbnb Rental Income: $null Traditional Rental Income: $1722 Airbnb ROI: N/A Traditional ROI: 7.23%
23877 County Road 21 Elbow Lake, MN Renovated master bath and kitchen/living area. Wifi in all buildings separate. Marathon wa...	3 beds \| 3 baths \| 2,919 sq.ft.	$682,500	Airbnb cash on cash: N/A Traditional cash on cash: 3.39% Airbnb Rental Income: $null Traditional Rental Income: $3598 Airbnb ROI: N/A Traditional ROI: 3.39%
26535 State Highway 78 Elbow Lake, MN Enjoy country living with this spacious three-bedroom, three-bathroom home situated on ove...	3 beds \| 3 baths \| 2,196 sq.ft.	$339,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.88% Airbnb Rental Income: $null Traditional Rental Income: $2472 Airbnb ROI: N/A Traditional ROI: 5.88%
18685 State Hwy 79 Elbow Lake, MN Welcome to your perfect blend of country charm and small-town convenience! Nestled on the ...	3 beds \| 2 baths \| 1,760 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.08% Airbnb Rental Income: $null Traditional Rental Income: $2319 Airbnb ROI: N/A Traditional ROI: 7.08%
314 10th Ave SE Elbow Lake, MN Come check out this well cared for and maintained home in Elbow Lake. The main floor featu...	3 beds \| 2 baths \| 1,848 sq.ft.	$200,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.58% Airbnb Rental Income: $null Traditional Rental Income: $2376 Airbnb ROI: N/A Traditional ROI: 9.58%
227 1st St NW Elbow Lake, MN Charming 3-Bedroom Home with Lake Views in Elbow Lake Discover this cute and inviting thre...	3 beds \| 1 baths \| 1,120 sq.ft.	$140,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.95% Airbnb Rental Income: $null Traditional Rental Income: $1669 Airbnb ROI: N/A Traditional ROI: 9.95%
TBD Grandview Rd Elbow Lake, MN TBD Grandview Rd, Elbow Lake, MN 56531 \| Other	N/A beds \| N/A baths \| 3,276 sq.ft.	$36,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.18% Airbnb Rental Income: $null Traditional Rental Income: $529 Airbnb ROI: N/A Traditional ROI: 9.18%
213 7th Ave SE Elbow Lake, MN 213 7th Ave SE, Elbow Lake, MN 56531 \| Single Family Residential	3 beds \| 2 baths \| 1,852 sq.ft.	$209,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.5% Airbnb Rental Income: $null Traditional Rental Income: $2004 Airbnb ROI: N/A Traditional ROI: 7.5%
27361 Oak Point Rd Elbow Lake, MN 27361 Oak Point Rd, Elbow Lake, MN 56531 \| Other	N/A beds \| N/A baths \| N/A	$149,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.56% Airbnb Rental Income: $null Traditional Rental Income: $618 Airbnb ROI: N/A Traditional ROI: 1.56%
27392 Oak Point Rd Elbow Lake, MN 27392 Oak Point Rd, Elbow Lake, MN 56531 \| Single Family Residential	4 beds \| 2 baths \| 2,048 sq.ft.	$640,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.34% Airbnb Rental Income: $null Traditional Rental Income: $2156 Airbnb ROI: N/A Traditional ROI: 1.34%
19 7th Ave NE Elbow Lake, MN 19 7th Ave NE, Elbow Lake, MN 56531 \| Single Family Residential	2 beds \| 1 baths \| 2,506 sq.ft.	$129,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.49% Airbnb Rental Income: $null Traditional Rental Income: $1041 Airbnb ROI: N/A Traditional ROI: 5.49%
1111 1st Street NE Elbow Lake, MN Welcome home to this spacious 4-bedroom, 2-bath split-entry house nestled on a beautiful w...	4 beds \| 2 baths \| 2,133 sq.ft.	$219,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.6% Airbnb Rental Income: $null Traditional Rental Income: $2537 Airbnb ROI: N/A Traditional ROI: 9.6%
XXXX 200th St Elbow Lake, MN XXXX 200th St, Elbow Lake, MN 56531 \| Other	N/A beds \| N/A baths \| N/A	$94,500	Airbnb cash on cash: N/A Traditional cash on cash: 3.75% Airbnb Rental Income: $null Traditional Rental Income: $631 Airbnb ROI: N/A Traditional ROI: 3.75%
27802 Prairie Rose Road Elbow Lake, MN Experience the best of Minnesota lake living on beautiful Pomme de Terre Lake. With 143 fe...	3 beds \| 2 baths \| 1,764 sq.ft.	$550,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.14% Airbnb Rental Income: $null Traditional Rental Income: $2561 Airbnb ROI: N/A Traditional ROI: 3.14%
115 7th Ave SE Elbow Lake, MN 115 7th Ave SE, Elbow Lake, MN 56531 \| Single Family Residential	4 beds \| 2 baths \| 2,808 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.6% Airbnb Rental Income: $null Traditional Rental Income: $2322 Airbnb ROI: N/A Traditional ROI: 8.6%
TBD Highway 59 Elbow Lake, MN TBD Highway 59, Elbow Lake, MN 56531 \| Other	N/A beds \| N/A baths \| N/A	$875,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.44% Airbnb Rental Income: $null Traditional Rental Income: $639 Airbnb ROI: N/A Traditional ROI: -1.44%

Real Estate investment in Elbow-lake, MN

There are 16 properties for sale in the city of Elbow Lake . The median list price in Elbow Lake is $126,000 and the average price per square foot is $61. In September 2026, the average monthly cash on cash return in Elbow Lake is 7.00%. The average monthly rental income in Elbow Lake is $2,111.

Elbow-lake, MN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 16 investment properties available for sale in Elbow-lake.

The ROI for Short-Term is higher than the Long-Term in Elbow-lake with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Elbow Lake, MN

416 E Division St

Elbow Lake, MN

4 beds | 1 baths | 2,340 sq.ft.

$194,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.23%

Airbnb Rental Income: $null

Traditional Rental Income: $1722

Airbnb ROI: N/A

Traditional ROI: 7.23%

23877 County Road 21

Elbow Lake, MN

3 beds | 3 baths | 2,919 sq.ft.

$682,500

Airbnb cash on cash: N/A

Traditional cash on cash: 3.39%

Airbnb Rental Income: $null

Traditional Rental Income: $3598

Airbnb ROI: N/A

Traditional ROI: 3.39%

26535 State Highway 78

Elbow Lake, MN

3 beds | 3 baths | 2,196 sq.ft.

$339,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.88%

Airbnb Rental Income: $null

Traditional Rental Income: $2472

Airbnb ROI: N/A

Traditional ROI: 5.88%

18685 State Hwy 79

Elbow Lake, MN

3 beds | 2 baths | 1,760 sq.ft.

$275,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.08%

Airbnb Rental Income: $null

Traditional Rental Income: $2319

Airbnb ROI: N/A

Traditional ROI: 7.08%

314 10th Ave SE

Elbow Lake, MN

3 beds | 2 baths | 1,848 sq.ft.

$200,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.58%

Airbnb Rental Income: $null

Traditional Rental Income: $2376

Airbnb ROI: N/A

Traditional ROI: 9.58%

227 1st St NW

Elbow Lake, MN

3 beds | 1 baths | 1,120 sq.ft.

$140,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.95%

Airbnb Rental Income: $null

Traditional Rental Income: $1669

Airbnb ROI: N/A

Traditional ROI: 9.95%

TBD Grandview Rd

Elbow Lake, MN

N/A beds | N/A baths | 3,276 sq.ft.

$36,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.18%

Airbnb Rental Income: $null

Traditional Rental Income: $529

Airbnb ROI: N/A

Traditional ROI: 9.18%

213 7th Ave SE

Elbow Lake, MN

3 beds | 2 baths | 1,852 sq.ft.

$209,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.5%

Airbnb Rental Income: $null

Traditional Rental Income: $2004

Airbnb ROI: N/A