Real Estate Investment Properties for Sale in Lake City, MN

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

Explore a variety of short-term homes & houses in Lake City, MN. Invest wisely with VRBO & Lake City, 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 Lake City, MN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1215 N Lakeshore Dr #210 Lake City, MN Much sought after condo with an open floor plan, custom kitchen cabinets, and a deck with ...	1 beds \| 1 baths \| 1,015 sq.ft.	$300,000	Airbnb cash on cash: -1.22% Traditional cash on cash: 0.65% Airbnb Rental Income: $1167 Traditional Rental Income: $1311 Airbnb ROI: -1.22% Traditional ROI: 0.65%
311 N Franklin St Lake City, MN An affordable home with updates. Updated main floor with new style kitchen, updated bath a...	3 beds \| 1 baths \| 1,147 sq.ft.	$345,000	Airbnb cash on cash: 2.95% Traditional cash on cash: 3.26% Airbnb Rental Income: $2032 Traditional Rental Income: $1606 Airbnb ROI: 2.95% Traditional ROI: 3.26%
1235 N 10th St Lake City, MN Great one-level townhome with 2 bedrooms, 2 baths, main floor laundry, family room/sunroom...	2 beds \| 2 baths \| 1,316 sq.ft.	$360,000	Airbnb cash on cash: 1.08% Traditional cash on cash: 4.09% Airbnb Rental Income: $1534 Traditional Rental Income: $2107 Airbnb ROI: 1.08% Traditional ROI: 4.09%
755 Hickory Way #2 Lake City, MN Well maintained 2nd floor condo with great views of the bluffs and golf course in a quiet ...	2 beds \| 2 baths \| 1,292 sq.ft.	$229,900	Airbnb cash on cash: 1.74% Traditional cash on cash: 5.26% Airbnb Rental Income: $1534 Traditional Rental Income: $1855 Airbnb ROI: 1.74% Traditional ROI: 5.26%
1215 N Lakeshore Dr #205 Lake City, MN Savor the uniqueness of this lake-view condo! Lovely details in this rewarding residence i...	2 beds \| 1 baths \| 1,006 sq.ft.	$277,900	Airbnb cash on cash: 0.05% Traditional cash on cash: 2.47% Airbnb Rental Income: $1534 Traditional Rental Income: $1723 Airbnb ROI: 0.05% Traditional ROI: 2.47%
1028 W Elm St Lake City, MN DON'T WAIT TO SEE THIS ONE...IT WILL BE GONE IN A FLASH!! This nicely maintained 3 bedroom...	4 beds \| 2 baths \| 2,234 sq.ft.	$350,000	Airbnb cash on cash: 6.19% Traditional cash on cash: 6.1% Airbnb Rental Income: $3397 Traditional Rental Income: $2611 Airbnb ROI: 6.19% Traditional ROI: 6.1%
73466 318th Ave Lake City, MN Enjoy peace and quiet in this home located on a wooded lot at the end of a cul de sac. Thi...	4 beds \| 2 baths \| 1,960 sq.ft.	$479,900	Airbnb cash on cash: 4.33% Traditional cash on cash: 4.07% Airbnb Rental Income: $3397 Traditional Rental Income: $2524 Airbnb ROI: 4.33% Traditional ROI: 4.07%
519 N Lakeshore Dr Lake City, MN Lakeview, high quality materials PLUS 3 1/2 car garage & plenty of off street parking. Gr...	5 beds \| 3 baths \| 3,112 sq.ft.	$649,000	Airbnb cash on cash: 3.79% Traditional cash on cash: 3.95% Airbnb Rental Income: $4290 Traditional Rental Income: $3482 Airbnb ROI: 3.79% Traditional ROI: 3.95%
1009 W Center St Lake City, MN Welcome to this charming 4-bedroom home located in the heart of Lake City! Featuring three...	4 beds \| 1 baths \| 2,085 sq.ft.	$275,000	Airbnb cash on cash: 7.83% Traditional cash on cash: 4.9% Airbnb Rental Income: $3397 Traditional Rental Income: $1881 Airbnb ROI: 7.83% Traditional ROI: 4.9%
1000 W Lyon Ave Lake City, MN Charming and well cared for 3 bedroom, 3 bath home on a rare corner lot just shy of half a...	3 beds \| 2 baths \| 1,764 sq.ft.	$296,900	Airbnb cash on cash: 3.11% Traditional cash on cash: 6.87% Airbnb Rental Income: $2032 Traditional Rental Income: $2555 Airbnb ROI: 3.11% Traditional ROI: 6.87%
514 N Prairie St Lake City, MN Come take a look at this newely renovated, charming home located in Lake City, MN! The mai...	2 beds \| 1 baths \| 1,376 sq.ft.	$299,900	Airbnb cash on cash: 2.11% Traditional cash on cash: 4.94% Airbnb Rental Income: $1534 Traditional Rental Income: $1891 Airbnb ROI: 2.11% Traditional ROI: 4.94%
605 Willers Ct Lake City, MN This is a solid, spacious home! 2758 sq feet. Three bedrooms, main level, master w/ ensui...	4 beds \| 3 baths \| 2,758 sq.ft.	$420,000	Airbnb cash on cash: 4.52% Traditional cash on cash: 5.65% Airbnb Rental Income: $3397 Traditional Rental Income: $3087 Airbnb ROI: 4.52% Traditional ROI: 5.65%
621 S Garden St Lake City, MN Nice 4 bedroom home in a great location near Lake Pepin, downtown and local schools. Newly...	3 beds \| 2 baths \| 1,942 sq.ft.	$244,999	Airbnb cash on cash: 4.47% Traditional cash on cash: 9.23% Airbnb Rental Income: $2032 Traditional Rental Income: $2606 Airbnb ROI: 4.47% Traditional ROI: 9.23%
203 S Garden St Lake City, MN Quality Updates to this charming 4 Bedroom 2 Bath Home. You'll love the new kitchen and a...	4 beds \| 2 baths \| 2,032 sq.ft.	$399,000	Airbnb cash on cash: 5.29% Traditional cash on cash: 4.96% Airbnb Rental Income: $3397 Traditional Rental Income: $2520 Airbnb ROI: 5.29% Traditional ROI: 4.96%
809 S Prairie St Lake City, MN Luxurious Modern Remodel. Step into this beautifully remodeled home where elegance meets...	4 beds \| 2 baths \| 2,128 sq.ft.	$419,000	Airbnb cash on cash: 4.61% Traditional cash on cash: 6.09% Airbnb Rental Income: $3397 Traditional Rental Income: $3224 Airbnb ROI: 4.61% Traditional ROI: 6.09%
1329 S Oak St Lake City, MN Stunning lake property! Experience unparalleled lakeview living with this rare opportunity...	3 beds \| 3 baths \| 3,170 sq.ft.	$659,000	Airbnb cash on cash: -1.03% Traditional cash on cash: 1.56% Airbnb Rental Income: $2032 Traditional Rental Income: $3094 Airbnb ROI: -1.03% Traditional ROI: 1.56%
808 N Garden St Lake City, MN Well maintained home on a beautifully landscaped lot. There is a lot of pride of ownershi...	3 beds \| 2 baths \| 1,214 sq.ft.	$253,000	Airbnb cash on cash: 3.8% Traditional cash on cash: 5.29% Airbnb Rental Income: $2032 Traditional Rental Income: $1860 Airbnb ROI: 3.8% Traditional ROI: 5.29%
208 N High St Lake City, MN You'll love the porches & back deck. Living Room walks out to screen porch area and famil...	3 beds \| 2 baths \| 2,112 sq.ft.	$265,000	Airbnb cash on cash: 3.82% Traditional cash on cash: 6.79% Airbnb Rental Income: $2032 Traditional Rental Income: $2246 Airbnb ROI: 3.82% Traditional ROI: 6.79%
109 N 6th St Lake City, MN 3 BR 2 BA home with awesome potential! 11 new windows in 2021, water heater and furnace we...	3 beds \| 2 baths \| 1,600 sq.ft.	$240,000	Airbnb cash on cash: 4.51% Traditional cash on cash: 8.06% Airbnb Rental Income: $2032 Traditional Rental Income: $2311 Airbnb ROI: 4.51% Traditional ROI: 8.06%
802 S Garden St Lake City, MN Amazing Renovation. Rebuilt from the studs in, re-wired, new plumbing, insulated & sheetr...	4 beds \| 2 baths \| 2,487 sq.ft.	$384,900	Airbnb cash on cash: 4.95% Traditional cash on cash: 4.28% Airbnb Rental Income: $3397 Traditional Rental Income: $2399 Airbnb ROI: 4.95% Traditional ROI: 4.28%
929 W Iowa St Lake City, MN Super affordable with all of the big updates done! One level mobile home on land that you ...	3 beds \| 2 baths \| 1,088 sq.ft.	$159,000	Airbnb cash on cash: 7.19% Traditional cash on cash: 9.77% Airbnb Rental Income: $2032 Traditional Rental Income: $1895 Airbnb ROI: 7.19% Traditional ROI: 9.77%
1215 N Lakeshore Dr #307 Lake City, MN Welcome to Villas on Pepin! Enjoy this custom-built condo with a beautiful view of Lake Pe...	2 beds \| 1 baths \| 1,015 sq.ft.	$299,500	Airbnb cash on cash: -0.18% Traditional cash on cash: 0.61% Airbnb Rental Income: $1534 Traditional Rental Income: $1312 Airbnb ROI: -0.18% Traditional ROI: 0.61%
311 W Iowa St Lake City, MN Enjoy Lake Pepin & City Park Views from the Living Room, Dining Area & Deck. Beautiful S...	2 beds \| 2 baths \| 2,740 sq.ft.	$460,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 3.59% Airbnb Rental Income: $1534 Traditional Rental Income: $2546 Airbnb ROI: 0.2% Traditional ROI: 3.59%
1509 Wildwood Dr Lake City, MN Flexible rambler plan welcomes with three bedrooms on the main floor, three car garage, an...	3 beds \| 2 baths \| 1,795 sq.ft.	$469,900	Airbnb cash on cash: 2.12% Traditional cash on cash: 4.57% Airbnb Rental Income: $2032 Traditional Rental Income: $2581 Airbnb ROI: 2.12% Traditional ROI: 4.57%
30228 712th St Lake City, MN Welcome to luxury living on over 2 acres in Lake City. This brand- new rambler home featur...	4 beds \| 3 baths \| 3,045 sq.ft.	$799,900	Airbnb cash on cash: 2.33% Traditional cash on cash: 3.13% Airbnb Rental Income: $3397 Traditional Rental Income: $3240 Airbnb ROI: 2.33% Traditional ROI: 3.13%
303 N Lakeshore Dr Lake City, MN	3 beds \| 2 baths \| 1,760 sq.ft.	$265,900	Airbnb cash on cash: 3.91% Traditional cash on cash: 5.79% Airbnb Rental Income: $2032 Traditional Rental Income: $1977 Airbnb ROI: 3.91% Traditional ROI: 5.79%
32297 Lakeview Dr Lake City, MN Immaculate year-round residence or Airbnb/Vrbo gem boasting stunning Lake Pepin and bluff ...	4 beds \| 3 baths \| 2,786 sq.ft.	$795,000	Airbnb cash on cash: 1.33% Traditional cash on cash: 1.58% Airbnb Rental Income: $3397 Traditional Rental Income: $2829 Airbnb ROI: 1.33% Traditional ROI: 1.58%
32776 361st Ave Lake City, MN Welcome to this charming 3-bedroom, 2-bath home nestled on a serene 1-acre lot overlooking...	3 beds \| 2 baths \| 2,214 sq.ft.	$405,000	Airbnb cash on cash: 1.61% Traditional cash on cash: 4.68% Airbnb Rental Income: $2032 Traditional Rental Income: $2672 Airbnb ROI: 1.61% Traditional ROI: 4.68%
1328 10th St N Lake City, MN Welcome to the stunning townhouse, offering an open-concept design with 2 bedrooms and 2.5...	4 beds \| 3 baths \| 3,152 sq.ft.	$394,900	Airbnb cash on cash: 4.27% Traditional cash on cash: 3.56% Airbnb Rental Income: $3397 Traditional Rental Income: $2377 Airbnb ROI: 4.27% Traditional ROI: 3.56%
199 Hillwood Dr Lake City, MN Affordable home in beautiful location at a great price! This location is private, wooded a...	3 beds \| 2 baths \| 1,752 sq.ft.	$279,500	Airbnb cash on cash: 3.28% Traditional cash on cash: 6.32% Airbnb Rental Income: $2032 Traditional Rental Income: $2306 Airbnb ROI: 3.28% Traditional ROI: 6.32%
727 Hidden Meadow Ln Lake City, MN	3 beds \| 3 baths \| 3,276 sq.ft.	$499,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 3.18% Airbnb Rental Income: $2032 Traditional Rental Income: $2806 Airbnb ROI: 0.39% Traditional ROI: 3.18%
2563 Clubhouse Dr Lake City, MN Discover this beautifully designed 2-bedroom, 2 -bath home in the highly sought-after Jewe...	2 beds \| 2 baths \| 1,780 sq.ft.	$482,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 4.73% Airbnb Rental Income: $1534 Traditional Rental Income: $2715 Airbnb ROI: 1.12% Traditional ROI: 4.73%
71516 Highway 63 Lake City, MN Welcome to your new home! The charm of this country home n 9.36 acres is unmatched. The be...	4 beds \| 2 baths \| 2,811 sq.ft.	$735,600	Airbnb cash on cash: 2.1% Traditional cash on cash: 2.87% Airbnb Rental Income: $3397 Traditional Rental Income: $3169 Airbnb ROI: 2.1% Traditional ROI: 2.87%
36724 Highway 61 Blvd Lake City, MN 36724 Highway 61 Blvd, Lake City, MN 55041 \| Other	3 beds \| N/A baths \| N/A	$199,900	Airbnb cash on cash: 5.33% Traditional cash on cash: 1.49% Airbnb Rental Income: $2032 Traditional Rental Income: $776 Airbnb ROI: 5.33% Traditional ROI: 1.49%
tbd Staehli Park Rd Lake City, MN tbd Staehli Park Rd, Lake City, MN 55041 \| Other	N/A beds \| N/A baths \| N/A	$637,500	Airbnb cash on cash: -1.4% Traditional cash on cash: -0.96% Airbnb Rental Income: $844 Traditional Rental Income: $776 Airbnb ROI: -1.4% Traditional ROI: -0.96%
119 S Washington St Lake City, MN 119 S Washington St, Lake City, MN 55041 \| Single Family Residential	2 beds \| 2 baths \| 2,760 sq.ft.	$929,000	Airbnb cash on cash: -0.96% Traditional cash on cash: 0.1% Airbnb Rental Income: $1534 Traditional Rental Income: $2006 Airbnb ROI: -0.96% Traditional ROI: 0.1%
149 W Emerald Lk Lake City, MN	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: 5.72% Traditional cash on cash: 10.9% Airbnb Rental Income: $844 Traditional Rental Income: $778 Airbnb ROI: 5.72% Traditional ROI: 10.9%
tbd 302nd Ave Lake City, MN tbd 302nd Ave, Lake City, MN 55041 \| Other	N/A beds \| N/A baths \| N/A	$55,000	Airbnb cash on cash: 5.17% Traditional cash on cash: 9.88% Airbnb Rental Income: $844 Traditional Rental Income: $776 Airbnb ROI: 5.17% Traditional ROI: 9.88%
TBD 708th St Lake City, MN TBD 708th St, Lake City, MN 55041 \| Other	N/A beds \| N/A baths \| N/A	$189,000	Airbnb cash on cash: 0.24% Traditional cash on cash: 1.7% Airbnb Rental Income: $844 Traditional Rental Income: $776 Airbnb ROI: 0.24% Traditional ROI: 1.7%
TBD 3 708th St Lake City, MN TBD 3 708th St, Lake City, MN 55041 \| Other	N/A beds \| N/A baths \| N/A	$74,900	Airbnb cash on cash: 3.6% Traditional cash on cash: 7.14% Airbnb Rental Income: $844 Traditional Rental Income: $776 Airbnb ROI: 3.6% Traditional ROI: 7.14%

Real Estate investment in Lake-city, MN

There are 112 properties for sale in the city of Lake City . The median list price in Lake City is $264,842 and the average price per square foot is $131. In October 2026, the average monthly cash on cash return in Lake City is 5.00%. The average monthly rental income in Lake City is $1,981.

Lake-city, MN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 112 investment properties available for sale in Lake-city.

In 2026, the best neighborhood to buy investment property is Lake City.

The ROI for Long-Term is higher than the Short-Term in Lake-city with average rental income of $1,981.

Your search for investment property begins and ends here

Investment Property for Sale in Lake City, MN

1215 N Lakeshore Dr #210

Lake City, MN

1 beds | 1 baths | 1,015 sq.ft.

$300,000

Airbnb cash on cash: -1.22%

Traditional cash on cash: 0.65%

Airbnb Rental Income: $1167

Traditional Rental Income: $1311

Airbnb ROI: -1.22%

Traditional ROI: 0.65%

311 N Franklin St

Lake City, MN

3 beds | 1 baths | 1,147 sq.ft.

$345,000

Airbnb cash on cash: 2.95%

Traditional cash on cash: 3.26%

Airbnb Rental Income: $2032

Traditional Rental Income: $1606

Airbnb ROI: 2.95%

Traditional ROI: 3.26%

1235 N 10th St

Lake City, MN

2 beds | 2 baths | 1,316 sq.ft.

$360,000

Airbnb cash on cash: 1.08%

Traditional cash on cash: 4.09%

Airbnb Rental Income: $1534

Traditional Rental Income: $2107

Airbnb ROI: 1.08%

Traditional ROI: 4.09%

755 Hickory Way #2

Lake City, MN

2 beds | 2 baths | 1,292 sq.ft.

$229,900

Airbnb cash on cash: 1.74%

Traditional cash on cash: 5.26%

Airbnb Rental Income: $1534

Traditional Rental Income: $1855

Airbnb ROI: 1.74%

Traditional ROI: 5.26%

1215 N Lakeshore Dr #205

Lake City, MN

2 beds | 1 baths | 1,006 sq.ft.

$277,900

Airbnb cash on cash: 0.05%

Traditional cash on cash: 2.47%

Airbnb Rental Income: $1534

Traditional Rental Income: $1723

Airbnb ROI: 0.05%

Traditional ROI: 2.47%

1028 W Elm St

Lake City, MN

4 beds | 2 baths | 2,234 sq.ft.

$350,000

Airbnb cash on cash: 6.19%

Traditional cash on cash: 6.1%

Airbnb Rental Income: $3397

Traditional Rental Income: $2611

Airbnb ROI: 6.19%

Traditional ROI: 6.1%

73466 318th Ave

Lake City, MN

4 beds | 2 baths | 1,960 sq.ft.

$479,900

Airbnb cash on cash: 4.33%

Traditional cash on cash: 4.07%

Airbnb Rental Income: $3397

Traditional Rental Income: $2524

Airbnb ROI: 4.33%

Traditional ROI: 4.07%

519 N Lakeshore Dr

Lake City, MN

5 beds | 3 baths | 3,112 sq.ft.

$649,000

Airbnb cash on cash: 3.79%

Traditional cash on cash: 3.95%

Airbnb Rental Income: $4290

Traditional Rental Income: $3482

Airbnb ROI: 3.79%