Minneapolis Homes under $400,000

Welcome to Minneapolis, Minnesota—where urban sophistication meets Midwestern charm! Nestled in Hennepin County, this vibrant city is renowned for its rich cultural scene, stunning lakes, and a welcoming community spirit. Whether you’re drawn to the bustling downtown area, the serene beauty of the Chain of Lakes, or the diverse neighborhoods that each offer their unique character, Minneapolis has something for everyone.

For homebuyers seeking affordability without compromising on lifestyle, Minneapolis offers an impressive selection of homes under $400,000. This price range opens the door to a variety of options, from charming bungalows and cozy townhomes to modern condos and spacious family residences. Many of these homes are situated in well-established neighborhoods, providing easy access to parks, schools, and local amenities, ensuring that you can enjoy the best of city living.

Imagine waking up to the picturesque views of Lake Harriet or taking a leisurely stroll through the historic Mill District, where the city's industrial past meets contemporary art and dining. With a thriving job market and an array of recreational activities, including biking, hiking, and an active arts scene, Minneapolis is not just a place to live—it's a place to thrive.

Whether you’re a first-time homebuyer or looking to downsize, the Minneapolis real estate market has something for everyone. Explore the possibilities today and discover your dream home in this dynamic city, where affordability and opportunity converge!

Newest Minneapolis Homes under $400,000

$347,900

3 Beds ⋅ 1 Baths ⋅ 7147877 MLS

With its front facing West, this darling 1 1/2 story home features great natural light and inviting spaces to spend your day inside and out. Sitting on a 50 foot wide lot, the yard feels spacious by city standards and includes a patio, deck and beautiful garden beds to grow your own food or flowers. The addition to the kitchen off the back of the house means nearly 200 square feet of cooking and dining space perfect for making the most of your harvest. The upper level bedroom is very spacious and would make an ideal primary suite, and the main level bedrooms are by no means small either. Located approximately half a mile from Minnehaha Creek, and nearby to great shopping and restaurants such as 48th and Chicago as well as 46th and Nicollet businesses, this home is close to everything you need.

4605 Clinton Avenue, Minneapolis

Listing courtesy of Creek Realty.

$250,000

4 Beds ⋅ 2 Baths ⋅ 7154704 MLS

COMPLETE REMODEL ON THIS VINTAGE HAWTHORNE HOME! Top-to-bottom renovation including brand new plumbing, siding, roof and complete interior remodel. New flooring, new paint, new kitchen, new bathrooms, new furnace & AC. EVERYTHING IS NEW! This home provides a great layout. Front & back porches. Nice sized kitchen paired with a dining room and spacious living room. Main floor bedroom and a remodeled 3/4 bathroom. Upstairs you'll find 3 bedrooms paired with a full bathroom. The basement is clean and open and provides great storage. The corner lot includes a horseshoe shaped driveway for extra off-street parking and there is an over-sized 2+ car detached garage. Move-in-ready home close to amenities and just minutes from Downtown & the NE Arts District. Schedule your tour now!

2102 Lyndale Avenue N, Minneapolis

Listing courtesy of eXp Realty.

$275,000

3 Beds ⋅ 2 Baths ⋅ 7154696 MLS

Move-in ready with old world charm! This meticulously maintained Tudor-style home features 3 bedrooms, 2 bathrooms and a welcoming 3-season porch. The finished basement offers additional living space with plenty of room for a potential 4th bedroom plus family/game room. Recent updates include a newer roof, some newer windows, remodeled main-floor bath with walk-in shower, sump pump and new rear concrete sidewalk. First-time homebuyer down payment assistance may be available to qualified buyers! If you love the character of older homes, don't miss this one! The seller is also including several personal property items with the sale, including 2 large area rugs in basement, bathroom rugs, shower curtains, three decorative mirrors in the dining room, two window air conditioning units, garden tools, and a garden box.

1718 Vincent Avenue N, Minneapolis

Listing courtesy of RE/MAX Results.

$384,900

4 Beds ⋅ 2 Baths ⋅ 7153629 MLS

Great opportunity in the highly desirable Longfellow neighborhood! This up/down duplex features almost all new windows, a brand-new furnace for the upper unit, new electrical panels, separate utilities, and a huge fenced-in corner lot. Each unit offers 2 bedrooms and 1 full bath, with potential for an additional legal bedroom upstairs with the addition of a window. Additional space downstairs offers even more flexibility. Trampoline can stay with property. Great opportunity for an owner-occupant or investor!

2745 29th Avenue S, Minneapolis

Listing courtesy of Real Broker, LLC.

2530 E 34th Street Unit 106, Minneapolis

$225,000

2 Beds ⋅ 2 Baths ⋅ 7151577 MLS

Welcome to 2530 E 34th Street #106 in Minneapolis, a beautifully maintained and move-in-ready 2-bedroom, 2-bathroom condo offering an open-concept floor plan, newer flooring throughout, convenient in-unit laundry, a private main-level entrance, heated garage parking, and a great location close to dining, shopping, entertainment, and major Twin Cities destinations. One of the standout features of this home is its own private exterior entrance directly into the unit, providing added privacy and everyday convenience, especially for pet owners who appreciate quick and easy access outdoors. Inside, the thoughtfully designed floor plan creates a comfortable flow between the kitchen, dining, and living spaces, making the home ideal for both daily living and entertaining. The newer flooring throughout gives the condo a fresh, updated feel, while the in-unit laundry adds another level of practicality and convenience. The building also offers excellent amenities, including an updated fitness center, attractive green space that is perfect for enjoying warm Minnesota days, and a community grill with unlimited use located just steps from the unit. A large private storage locker is included, providing valuable additional space for seasonal items, recreation gear, and everyday storage needs. The unit also includes one assigned parking space in a heated garage with a convenient car wash area, an especially desirable feature during Minnesota winters. With 2 bedrooms, 2 bathrooms, in-unit laundry, private exterior access, newer flooring, heated garage parking, extra storage, fitness amenities, outdoor green space, and a convenient Minneapolis location with an easy commute throughout the Twin Cities, 2530 E 34th Street #106 offers an outstanding combination of comfort, functionality, and low-maintenance condo living that is truly move-in ready and not to be missed.

2530 E 34th Street Unit 106, Minneapolis

Listing courtesy of RE/MAX Results.

$225,000

1 Beds ⋅ 1 Baths ⋅ 7154302 MLS

Great location + flexible space! This 1-bedroom, 1-bath home offers a comfortable layout with an upstairs bonus area that gives you extra room to work, create, or make your own. Located in the desirable Nokomis East area, you're close to Lake Nokomis, parks, shopping, restaurants, and everyday conveniences, with easy access to major roads and the airport. A great opportunity to own a home in a fantastic South Minneapolis location. Come see the possibilities at 5548 35th Avenue S!

5548 35th Avenue S, Minneapolis

Listing courtesy of Herman Realty, Inc.

$334,900

2 Beds ⋅ 2 Baths ⋅ 7147204 MLS

Welcome to North Loop living at its best at 720 Lofts! This beautiful condo combines industrial character with modern comfort in one of Minneapolis’ most sought-after neighborhoods. Soaring 10-foot ceilings, oversized windows, chic concrete floors and columns, and an open, thoughtfully designed layout create an inviting space filled with natural light. The kitchen features stainless steel appliances, a center island, and seamless flow into the dining and living areas, complete with a gas fireplace for cozy evenings. The spacious primary bedroom offers room for a king-sized bed and dual closets for exceptional organization and storage. Step outside to an unusually spacious private balcony with courtyard views—room for a table of four, a grill, and plenty of space to enjoy the outdoors. Dog friendly - you’ll love the ease of popping out your patio door for walks. Recent updates include upgraded light fixtures, new blinds, refrigerator, dishwasher, washer & dryer and added storage. Enjoy the convenience of heated underground parking (stall #132), a dedicated storage locker, bike storage, in-unit laundry, and a well-equipped fitness center. HOA dues include gas, water, high-speed internet, cable, and trash—leaving only electric for the owner. And the location? Exceptional. Walk to Target Field, acclaimed restaurants and breweries, coffee shops, Whole Foods, light rail, shopping, entertainment, the riverfront, and miles of walking and biking trails. With a pet-friendly building and vibrant North Loop lifestyle right outside your door, this move-in-ready loft offers the perfect blend of style, convenience, and value.

720 N 4th Street Unit 108, Minneapolis

Listing courtesy of Coldwell Banker Realty - Southwest Regional.

$215,000

4 Beds ⋅ 2 Baths ⋅ 7154441 MLS

1223 Oliver Avenue N, Minneapolis

Listing courtesy of LPT Realty, LLC.

$296,000

3 Beds ⋅ 2 Baths ⋅ 7154463 MLS

Investors! Great opportunity! Priced well below market for updating and turnover. Potential 3rd unit on huge third floor attic. Maintenance free siding and newer storm windows, new boiler, new water heater. Electric service with circuit breakers. Classic built in hutches and classic woodwork and crown molding. Always owner occupied. In trust with no rental records. Sewer lines have been cleaned and approved.

3544 Stevens Avenue, Minneapolis

Listing courtesy of Bridge Realty, LLC.

$180,000

4 Beds ⋅ 2 Baths ⋅ 7154460 MLS

Here is an opportunity to own this 4-bedroom, 2-bath two story home offering 1,723 finished square feet, a detached 2-car garage, and a located centrally on bus routes.. This home has many windows and natural woodwork with beautiful built-ins. Home needs some TLC and updating but offers great bones and endless potential. A fantastic chance to make it your own and build equity.

1014 25th Avenue N, Minneapolis

Listing courtesy of Realty Executives Top Results.

$396,000

5 Beds ⋅ 3 Baths ⋅ 7136071 MLS

UPTOWN TRIPLEX, Seller Financing with 10% Down @ only 5.9% on a CONTRACT for DEED - Looking for an investment property where the financing terms may be just as interesting as the property itself? 8.7% Cap & 19.3% CoC - 5+ Bedrooms, 3 Bathrooms, 3,056 SF - Available on a Contract for Deed at 5.9% with 10% Down, 7-Year Term with Option to Extend, $2,000 Monthly Payment (P&I) - Recent improvements: 2022 - Updated Kitchens, Bathrooms, Painting & Floors refinished , 2022 -Updated Electrical inside at installed 3 separate meters, 2022 - Updated Plumbing to Kitchens & Bathrooms, 2021 - Installed new Roof & Gutters, 2015 - Updated Hot Water Heater, 2006 - Modern Boiler that has been serviced regularly - Outside, there is a private fully fenced backyard, raised garden beds, fire pit, and 4 off-street parking spots - ARV = $525K to $575K+ Rent Potential: 1st Level = 2 Bed & 1 Bath - $1,650+ / Month - (Need to Add Walls and a Door) - or - Invest More and it could be a 3 Bed with Office & 2 Bath with Family Room in Lower Level - $2,150+ / month, 2nd Level = 2 Bed & 1 Bath - $1,700+ / Month, 3rd Level = 1 Bed & 1 Bath - $1,250+ / Month need to finish Kitchen and update the flooring - Laundry Income $50+ / Month = Total Gross Rent: $4,650+ - Location is less than 2 blocks to Bus line, SK Coffee, Learning Tower of Pizza, Wedge Coop, and only 5 blocks to Eat Street Restaurants - The opportunity isn’t just in what you buy, it’s in how you’re able to buy it that really counts - Come check it out, you will be glad you did ;-)

2317 Garfield Avenue, Minneapolis

Listing courtesy of eXp Realty.

400 Groveland Avenue Unit 611, Minneapolis

$139,900

2 Beds ⋅ 2 Baths ⋅ 7154054 MLS

Freshly updated and ready to welcome you home, this rare two-bedroom, two-bath Loring Park condo offers beautiful city and park views at a remarkably affordable price. Refinished hardwood floors and freshly painted walls and ceilings create a bright, inviting space, while the open floor plan makes everyday living and entertaining feel effortless. Unwind on your west-facing screened balcony as the sunset colors the sky, your own peaceful retreat above the city. Two spacious bedrooms, each with wonderful views, offer room to recharge. Enjoy a rooftop pool with panoramic skyline views, a workout room, 24-hour on-site security, laundry on your floor, and heated underground parking. With Loring Park, the Walker Art Center, dining, and entertainment nearby, there is always something to explore. Minutes from Downtown and Uptown, with easy access to 35W, I-94, and 394. A rare opportunity to enjoy space, comfort, and vibrant city living for less than you might expect.

400 Groveland Avenue Unit 611, Minneapolis

Listing courtesy of DRG.

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