Residential Income

Elysian, MN Residential Income Properties for Sale

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Waterville, MN Janesville, MN Cleveland, MN Madison Lake, MN Kilkenny, MN Eagle Lake, MN Waseca, MN Le Center, MN
Mixed-Use Property with Outbuildings
Updated: May 13
Mixed-Use Property with Outbuildings

196 Main Street W, Elysian, MN 56028

$404,900
0.21 AC lot
Two residential apartments plus a separate renovated office suite
Unit A: 2‑bedroom, 1‑bath upper‑level apartment with in‑unit laundry
Unit B: 2‑bedroom, 1.5‑bath main‑level apartment
20x48 metal building with power and heat
18x35 barn with cold storage
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Newer-Construction 16-Unit Portfolio
Updated: Apr 2
Newer-Construction 16-Unit Portfolio

220 Maple Ave SW, Elysian, MN 56028

$2,400,000
17,280 sqft 2.15 AC lot
16 fully leased units in four 4‑plex buildings, built in 2021–2022, offered as a package
Gross annual income of $243,000 with operating expenses of $61,692
17,208 finished SF total with 36 bedrooms and 20 bathrooms across the 16 units
Units feature in‑unit laundry and private patios/decks, plus separate HVAC systems
Modern, low‑maintenance interiors include LVP flooring and stainless appliances
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Mixed-Use Property with Outbuildings
Mixed-Use Property with Outbuildings

196 Main St W, Elysian, MN 56028

$404,900

Main Street property combines two apartments, an office suite, and powered auxiliary buildings for varied income-producing use.

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See hot listings in Elysian

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

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Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 3 Active listings in Elysian, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mixed-Use Building with Apartments
Mixed-Use Building with Apartments

138 N Main St, Janesville, MN 56048

$475,000
12,361 sqft

Seven renovated apartments accompany three commercial suites in a downtown building with additional lower-level space.

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Duplex With In-Unit Laundry
Duplex With In-Unit Laundry

210 7th Ave NE, Waseca, MN 56093

$149,900
2,244 sqft

Each residence includes dedicated laundry, functional layouts, off-street parking, and access to shared yard space.

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Updated Two-Unit Duplex
Updated Two-Unit Duplex

210 7th Avenue NE, Waseca, MN 56093

$149,900
2,244 sqft 0.11 AC lot

Two residences provide functional layouts, private laundry, off-street parking, and shared yard space.

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Mixed-Use Building with Apartments
Mixed-Use Building with Apartments

138 N Main Street, Janesville, MN 56048

$475,000
0.28 AC lot

Downtown property combines renovated residential units with commercial suites and additional lower-level space.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Elysian, MN Buildable Lots
Elysian, MN Buildable Lots

Lewis Lane, Elysian, MN 56028

Contact for pricing
0.18 AC lot

Buildable lots in a quiet, peaceful lakeside town.

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Vacant Commercial Land
Vacant Commercial Land

200 E North Street, Janesville, MN 56048

$425,000

Municipal water and sewer are available for future site planning.

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Expansive Residential Parcel in Waterville
Expansive Residential Parcel in Waterville

Open Lot Browers Street E, Waterville, MN 56096

$52,500
0.74 AC lot

Three lots combined into one expansive parcel for future use.

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Lake Access Residential Lot
Lake Access Residential Lot

19329 Lake Volney Circle, Le Center, MN 56057

$69,000
1.00 AC lot

One-acre lot with deeded lake access for custom home.

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Off-Market Properties in Elysian, MN

Consider similar Off-Market properties in Elysian, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Elysian, MN 56028
MOBILE HOME PARK, TRAILER PARK

Elysian, MN 56028

Estimated value:
$300,000
2.32 AC lot
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Elysian, MN 56028
MOBILE HOME PARK, TRAILER PARK

Elysian, MN 56028

Estimated value:
$250,000
1.50 AC lot
View details

Elysian, MN Residential Income Properties Market Trends and Statistics

Explore 5 residential income properties for sale in Elysian, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 17,280 square feet of properties for sale, with an estimated market value of $3,209,800.

Sale prices for residential income properties in Elysian, MN start at $404,900, averaging $1,069,933, and reaching up to $2,400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Multifamily properties 3
Apartment buildings 1

Demographics Overview

Population 1,057
Population Growth (5Y) -16.6%
Median Household Income $103,542
College Educated 45.4%

High-Yield Neighborhoods for Investment

Identify Elysian submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
56028 $404.9K

Taxes & Financing

Tax Rate (average for all types) 1.79%
Property Tax per SF $34.29 per SF
Tax Rate vs County Average 0.67 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Le Sueur County

New Delisted

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