$774,900 Open Fri 1PM - 4PM
- 4 Beds
- 3 Baths
- 3,217 Sq Ft
27130 Petes Hill Trail, Elko New Market, MN 55020

Ryan Johnson
eXp Realty
(612) 482-6522
$774,900 Open Fri 1PM - 4PM
27130 Petes Hill Trail, Elko New Market, MN 55020
Ryan Johnson
eXp Realty
(612) 482-6522
$549,900 Open Fri 1PM - 4PM
9975 Kari Way, Elko New Market, MN 55020
Ryan Johnson
eXp Realty
(612) 400-7791
$699,900 Open Fri 1PM - 4PM
27120 Petes Hill Trail, Elko New Market, MN 55020
Ryan Johnson
eXp Realty
(612) 324-7948
Elko New Market, MN, formed from the merger of Elko and New Market in 2007, is a growing exurb with new subdivisions and highly rated schools. The area features New Traditional homes with farmhouse or Craftsman designs, often situated on well-maintained lawns. Larger homes are prevalent in these subdivisions, while smaller, older houses are found near the downtown areas of Elko and New Market. The community is served by Lakeville Area Schools and New Prague Area Schools, both of which are highly rated. Recreational attractions include Wagner Park, which offers baseball diamonds, a playground, and an outdoor hockey rink that converts to basketball and pickleball courts in warmer months. Fredrickson Field hosts the Elko Express amateur baseball club, and Boulder Pointe Golf Club provides an 18-hole course with practice facilities. The area’s dining options are concentrated in the older downtowns, with bars and restaurants in both Elko and New Market. Shopping centers and grocery stores are located in Lakeville, about 10 miles away. Elko Speedway is a major attraction, hosting races and a drive-in theater during the summer. Interstate 35 facilitates commutes to the Twin Cities, approximately 30 miles away, with a Park and Ride option available for easier access to downtown Minneapolis.
On average, homes in Elko New Market, MN sell after 70 days on the market compared to the national average of 70 days. The median sale price for homes in Elko New Market, MN over the last 12 months is $467,000, up 6% from the median home sale price over the previous 12 months.
In Elko New Market, there are currently 3 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $549,900 to $774,900, there's a range to accomodate every budget. As of August, 2025 the median home price in Elko New Market is $453,990, while the average sale price is $476,661, offering insights into the local housing market. On average, multi-family homes spend 70 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Elko New Market, MN.