Double perovskite system La2Ni1-xFexMnO6 (x = 0, 0.2, 0.5, 0.8 & 1.0) were developed using sol-gel method. Rietveld refinement revealed monoclinic structure (ordered) along with occurrence of rhombohedral and orthorhombic structures suggesting antisite cationic disorder. Crystallite size and average grain size of samples varied between 454 and 1058 Å and 0.774–1.429 μm respectively. XPS revealed the dual oxidation states of Ni, Fe, and Mn ions. La2NiMnO6 attained the highest DC conductivity among all compositions. The increase in DC conductivity with temperature suggested the semiconducting behavior of the samples, that explained by Thermal Activation (TA) and Variable Range Hopping (VRH) conduction mechanisms. Obtained activation energy(Edc) showed increasing trend with temperature. M-H loops exhibit a ferromagnetic nature accompanied by antiferromagnetic interactions as suggested by exchange bias and partially saturated loops. La2NiMnO6 attained the highest saturation magnetization (29.81emu/g) and decreased with Fe supplantation. The possible mechanism of tuning conductivity and magnetic properties of La2Ni1-xFexMnO6 has been discussed in detail.