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
21 10th Avenue NE Elbow Lake, MN Welcome to this inviting 4-bedroom, 2-bathroom home perfectly situated on a desirable corn...	4 beds \| 2 baths \| 2,052 sq.ft.	$229,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.73% Airbnb Rental Income: $null Traditional Rental Income: $2532 Airbnb ROI: N/A Traditional ROI: 8.73%
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.	$214,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.48% Airbnb Rental Income: $null Traditional Rental Income: $1722 Airbnb ROI: N/A Traditional ROI: 6.48%
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.	$699,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.27% Airbnb Rental Income: $null Traditional Rental Income: $3598 Airbnb ROI: N/A Traditional ROI: 3.27%
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%
227 1st Street NW Elbow Lake, MN Charming 3-Bedroom Home with Lake Views in Elbow Lake Discover this cute and inviting t...	3 beds \| 1 baths \| 1,120 sq.ft.	$145,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.58% Airbnb Rental Income: $null Traditional Rental Income: $1669 Airbnb ROI: N/A Traditional ROI: 9.58%
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%
27361 Oak Point Rd Elbow Lake, MN 27361 Oak Point Rd, Elbow Lake, MN 56531 \| Other	N/A beds \| N/A baths \| N/A	$164,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.23% Airbnb Rental Income: $null Traditional Rental Income: $618 Airbnb ROI: N/A Traditional ROI: 1.23%
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.	$154,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.3% Airbnb Rental Income: $null Traditional Rental Income: $1041 Airbnb ROI: N/A Traditional ROI: 4.3%
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.	$239,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.73% Airbnb Rental Income: $null Traditional Rental Income: $2537 Airbnb ROI: N/A Traditional ROI: 8.73%
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%
25453 County Road 54 Elbow Lake, MN 25453 County Road 54, Elbow Lake, MN 56531 \| Single Family Residential	3 beds \| 1 baths \| 1,676 sq.ft.	$379,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.6% Airbnb Rental Income: $null Traditional Rental Income: $1414 Airbnb ROI: N/A Traditional ROI: 1.6%

Real Estate investment in Elbow-lake, MN

There are 14 properties for sale in the city of Elbow Lake . The median list price in Elbow Lake is $159,917 and the average price per square foot is $82. In June 2026, the average monthly cash on cash return in Elbow Lake is 7.00%. The average monthly rental income in Elbow Lake is $2,156.

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

There are 14 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

21 10th Avenue NE

Elbow Lake, MN

4 beds | 2 baths | 2,052 sq.ft.

$229,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.73%

Airbnb Rental Income: $null

Traditional Rental Income: $2532

Airbnb ROI: N/A

Traditional ROI: 8.73%

416 E Division St

Elbow Lake, MN

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

$214,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.48%

Airbnb Rental Income: $null

Traditional Rental Income: $1722

Airbnb ROI: N/A

Traditional ROI: 6.48%

23877 County Road 21

Elbow Lake, MN

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

$699,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.27%

Airbnb Rental Income: $null

Traditional Rental Income: $3598

Airbnb ROI: N/A

Traditional ROI: 3.27%

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%

227 1st Street NW

Elbow Lake, MN

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

$145,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.58%

Airbnb Rental Income: $null

Traditional Rental Income: $1669

Airbnb ROI: N/A

Traditional ROI: 9.58%

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%

27361 Oak Point Rd

Elbow Lake, MN

N/A beds | N/A baths | N/A

$164,900

Airbnb cash on cash: N/A

Traditional cash on cash: 1.23%

Airbnb Rental Income: $null

Traditional Rental Income: $618

Airbnb ROI: N/A

Traditional ROI: 1.23%

27392 Oak Point Rd

Elbow Lake, MN

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