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Luverne, MN

Residential Income

Luverne, MN Residential Income Properties for Sale

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Magnolia, MN Beaver Creek, MN Ellsworth, MN Hills, MN Kenneth, MN Valley Springs, SD Adrian, MN Little Rock, IA

32-Unit Historic Apartment Building

Updated: Jul 6

32-Unit Historic Apartment Building

109 E Luverne Street, Luverne, MN 56156

$1,750,000

2.22 AC lot

32‑unit condominium complex in a repurposed historic school building
Built in 1925 on 2.217 acres
Unit mix includes 1-, 2-, and 3‑bedroom residences
Full‑size gymnasium, community room, outdoor green space, and coin‑operated laundry
Accessible elevator installed with ramped approach

32-Unit Historic Apartment Complex

Updated: Aug 20

32-Unit Historic Apartment Complex

109 E Luverne Street Units 101-336, Luverne, MN 56156

$1,750,000

75,000 sqft

32‑unit condominium complex in a historic school building
75,000‑square‑foot property constructed in 1925
Mix of 1-, 2-, and 3‑bedroom units
Full‑size gymnasium, community room, and outdoor green space
Elevator and coin‑operated laundry on site

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 2 Active listings in Luverne, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 7 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 Property with Salon

Mixed-Use Property with Salon

524 N Main Ave, Garretson, SD 57030

$109,900

1,414 sqft 0.08 AC lot

Two-level building combines a leased salon with a remodeled apartment.

Mixed-Use Building with Apartment

Mixed-Use Building with Apartment

524 N Main Ave, Garretson, SD 57030

$109,900

1,414 sqft

Two-level property combines a leased hair salon with a remodeled residential unit.

Leased Multifamily Property with Garages

Leased Multifamily Property with Garages

404 N Sioux Blvd, Brandon, SD 57005

$1,000,000

3,982 sqft

2016-built income property with two-bedroom residences, included appliances, and outdoor space for upper and lower units.

Multifamily Property with Garages

Multifamily Property with Garages

412 N Sioux Blvd, Brandon, SD 57005

$1,000,000

3,982 sqft

Leased multifamily property with two-bedroom residences, private outdoor areas, and oversized single garages.

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.

Residential Land Near Luverne, MN

Residential Land Near Luverne, MN

1449 WILD ROSE Trl lot: 4, Luverne, MN 56156

$129,000

1.57 AC lot

Residential land with country feel, close to town amenities.

Residential Land Near Luverne, MN

Residential Land Near Luverne, MN

1107 PRAIRIE SMOKE Trl lot: 4, Luverne, MN 56156

$129,000

1.56 AC lot

Residential land near town and bike trail in Luverne, MN.

Residential Land Near Luverne, MN

Residential Land Near Luverne, MN

1104 PRAIRIE SMOKE Trl lot: 8, Luverne, MN 56156

$59,000

1.03 AC lot

Residential land offers country feel, close to town amenities.

Residential Land Near Walking Trail

Residential Land Near Walking Trail

1103 Prairie Smoke Trl lot: 2, Luverne, MN 56156

$79,000

1.07 AC lot

Residential land near town and walking trail in Luverne.

Off-Market Properties in Luverne, MN

Consider similar Off-Market properties in Luverne, 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.

109 Luverne St

Multifamily properties

109 Luverne St, Luverne, MN 56156

Estimated value: by Request

75,000 sqft 2.22 AC lot

109 Luverne St

Residential income properties

109 Luverne St, Luverne, MN 56156

Estimated value: by Request

75,000 sqft 2.22 AC lot

120 Hatting St

Residential income properties

120 Hatting St, Luverne, MN 56156

Estimated value: by Request

54,000 sqft 2.53 AC lot

109 Luverne St

Residential income properties

109 Luverne St, Luverne, MN 56156

Estimated value: by Request

25,000 sqft 2.22 AC lot

109 Luverne St

Multifamily properties

109 Luverne St, Luverne, MN 56156

Estimated value: by Request

25,000 sqft 2.22 AC lot

Meade Ct

MOBILE HOME PARK, TRAILER PARK

Meade Ct, Luverne, MN 56156

Estimated value: by Request

Meade Ct

MOBILE HOME PARK, TRAILER PARK

Meade Ct, Luverne, MN 56156

Estimated value: by Request

Luverne, MN Residential Income Properties Market Trends and Statistics

Explore 9 residential income properties for sale in Luverne, MN on our real estate platform. These investment opportunities span a total of 75,000 square feet of properties for sale, with an estimated market value of $3,500,000.

Sale prices for residential income properties in Luverne, MN average $1,750,000 — 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

Demographics Overview

Population 6,398

Population Growth (5Y) +10.1%

Median Household Income $75,234

College Educated 36.5%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
56156	$1.8M

Taxes & Financing

Tax Rate (average for all types) 1.88%

Property Tax per SF $13.51 per SF

Tax Rate vs County Average 0.02 pp above county avg

Average Loan-to-Value 65.0%

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