Under $200K Investment Properties for Sale in Lutsen, MN

Property at 4 Steam Engine Rd, Lutsen, MN
$ 119,000
ROI
24.6ROI percentage
Cash Flow/m
Dollar sign159
  • - Bed
  • - Bath
  • 314 sft
4 Steam Engine Rd, Lutsen, MN, 55612
Property at 72 Nicole Kristine Lane, Lutsen, MN
$ 199,000
ROI
31.2ROI percentage
Cash Flow/m
Dollar sign635
  • 1 Bed
  • - Bath
  • 240 sft
72 Nicole Kristine Lane, Lutsen, MN, 55612
or
Here are some other similar properties you might be interested in:
Property at 216 N Front St, Okabena, MN
Fix & Flip
Listed for sale 5 days ago
$ 100,000
ROI
24.3ROI percentage
Cash Flow/m
Dollar sign128
  • 4 Bed
  • 1 Bath
  • 1206 sft
216 N Front St, Okabena, MN, 56161
Property at 901 11th Ave S APT 5, Hopkins, MN
Listed for sale 7 days ago
$ 100,000
ROI
9.1ROI percentage
Gross Rent Yield
9.2Gross yield percentage
  • 2 Bed
  • 1 Bath
  • 905 sft
901 11th Ave S APT 5, Hopkins, MN, 55343
Property at 610th Avenue At 239th St, Madison Lake, MN
$ 100,000
ROI
25.1ROI percentage
Cash Flow/m
Dollar sign149
  • - Bed
  • - Bath
  • - sft
610th Avenue At 239th St, Madison Lake, MN, 56063
Property at 745 2nd St N, Brownton, MN
Fix & Flip
$ 100,000
ROI
-ROI percentage
Cash Flow/m
Dollar sign-
  • - Bed
  • - Bath
  • 3264 sft
745 2nd St N, Brownton, MN, 55312
Property at 410 Groveland Ave APT 2003, Minneapolis, MN
$ 100,000
ROI
(6.2)ROI percentage
Gross Rent Yield
9.3Gross yield percentage
  • 1 Bed
  • 1 Bath
  • 680 sft
410 Groveland Ave APT 2003, Minneapolis, MN, 55403
Property at 231 Sorenson St, Storden, MN
$ 100,000
ROI
26.0ROI percentage
Cash Flow/m
Dollar sign173
  • 2 Bed
  • 2 Bath
  • 832 sft
231 Sorenson St, Storden, MN, 56174
Property at 3421 Kent St APT 407, Shoreview, MN
$ 100,000
ROI
9.6ROI percentage
Gross Rent Yield
9.1Gross yield percentage
  • 1 Bed
  • 1 Bath
  • 637 sft
3421 Kent St APT 407, Shoreview, MN, 55126
Property at 128 Smith Ave, New York Mills, MN
$ 100,000
ROI
26.1ROI percentage
Cash Flow/m
Dollar sign178
  • 1 Bed
  • 1 Bath
  • 952 sft
128 Smith Ave, New York Mills, MN, 56567
Property at 511 Main St, Ruthton, MN
$ 100,000
ROI
24.7ROI percentage
Cash Flow/m
Dollar sign139
  • 2 Bed
  • 1 Bath
  • 792 sft
511 Main St, Ruthton, MN, 56170
Property at 4100 Parklawn Ave APT 109, Edina, MN
$ 100,000
ROI
(9.4)ROI percentage
Gross Rent Yield
9.5Gross yield percentage
  • 2 Bed
  • 2 Bath
  • 1121 sft
4100 Parklawn Ave APT 109, Edina, MN, 55435
Property at 411 15th St SE, Willmar, MN
$ 100,000
ROI
25.3ROI percentage
Cash Flow/m
Dollar sign154
  • 1 Bed
  • 1 Bath
  • 672 sft
411 15th St SE, Willmar, MN, 56201
Property at 284 2nd St, Tracy, MN
$ 100,000
ROI
24.9ROI percentage
Cash Flow/m
Dollar sign142
  • 3 Bed
  • 2 Bath
  • 1239 sft
284 2nd St, Tracy, MN, 56175
Property at 234 1st Ave NW, Elbow Lake, MN
$ 100,000
ROI
25.3ROI percentage
Cash Flow/m
Dollar sign154
  • 2 Bed
  • 2 Bath
  • 1560 sft
234 1st Ave NW, Elbow Lake, MN, 56531
Property at 1510 Mabelle Ave, Fergus Falls, MN
$ 100,000
ROI
25.5ROI percentage
Cash Flow/m
Dollar sign161
  • 2 Bed
  • 1 Bath
  • 1524 sft
1510 Mabelle Ave, Fergus Falls, MN, 56537
Property at 127 Higbie Ave E, Minnesota Lake, MN
Fix & Flip
$ 100,000
ROI
24.4ROI percentage
Cash Flow/m
Dollar sign129
  • 3 Bed
  • 1 Bath
  • 3383 sft
127 Higbie Ave E, Minnesota Lake, MN, 56068
Property at 20349 200th St, Glenwood, MN
$ 100,000
ROI
25.0ROI percentage
Cash Flow/m
Dollar sign146
  • 3 Bed
  • 2 Bath
  • 2017 sft
20349 200th St, Glenwood, MN, 56334
Property at 523 E 11th St, Gibbon, MN
Fix & Flip
Motivated Seller
$ 100,000
ROI
24.5ROI percentage
Cash Flow/m
Dollar sign133
  • 3 Bed
  • 1 Bath
  • 1350 sft
523 E 11th St, Gibbon, MN, 55335
Property at 2964 Ivory St, Mora, MN
$ 100,000
ROI
25.3ROI percentage
Cash Flow/m
Dollar sign154
  • 2 Bed
  • 1 Bath
  • 1024 sft
2964 Ivory St, Mora, MN, 55051
Property at 4201 Lakeside Ave N APT 214, Brooklyn Center, MN
$ 100,000
ROI
5.1ROI percentage
Gross Rent Yield
9.2Gross yield percentage
  • 1 Bed
  • 1 Bath
  • 707 sft
4201 Lakeside Ave N APT 214, Brooklyn Center, MN, 55429
Property at 321 S Main St, Sanborn, MN
$ 100,000
ROI
26.0ROI percentage
Cash Flow/m
Dollar sign174
  • 3 Bed
  • 1 Bath
  • 1535 sft
321 S Main St, Sanborn, MN, 56083
Property at 15634 County Road 1 #25, Fifty Lakes, MN
Airbnb Potential
$ 100,000
ROI
-ROI percentage
Cash Flow/m
Dollar sign-
  • 2 Bed
  • 1 Bath
  • 672 sft
15634 County Road 1 #25, Fifty Lakes, MN, 56448
Property at 25 Gibson Rd, Silver Bay, MN
$ 100,000
ROI
24.5ROI percentage
Cash Flow/m
Dollar sign132
  • 2 Bed
  • 1 Bath
  • 964 sft
25 Gibson Rd, Silver Bay, MN, 55614
Property at 354 Elton Hills Dr NW APT 32, Rochester, MN
$ 100,000
ROI
8.6ROI percentage
Gross Rent Yield
9.3Gross yield percentage
  • 1 Bed
  • 1 Bath
  • 735 sft
354 Elton Hills Dr NW APT 32, Rochester, MN, 55901
Property at 781 4th Ave SE, Wells, MN
$ 100,000
ROI
26.0ROI percentage
Cash Flow/m
Dollar sign174
  • 3 Bed
  • 1 Bath
  • 2502 sft
781 4th Ave SE, Wells, MN, 56097

Why Invest in Lutsen, Minnesota?

Investing in under $200k properties in Lutsen, MN offers a unique opportunity to tap into a market with solid rental yields and steady appreciation. Lutsen is known for its attractive cap rates and positive cash flow potential, especially appealing for budget-conscious investors. The area's rental market benefits from a renter-occupied rate around 40%, with average rents supporting consistent returns. Economic stability combined with growth in tourism drives demand in this mountain resort community.

7.2%
Avg. ROI
6.5%
Rental Yield
6.8%
Cap Rate
$450/mo
Avg. Cash Flow
$850/mo
Avg. Rent
3.1%
1Y Appreciation

Frequently Asked Questions

Properties under $200k in Lutsen typically include small cabins, condos, and seasonal homes suited for vacation or rental investment. These offer affordable entry points for investors seeking income from tourism-driven demand.

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