11 Homes under $400,000

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Newest 11 Homes under $400,000

$369,700

7 Beds ⋅ 3 Baths ⋅ 7162268 MLS

Exceptional investment opportunity! This versatile Minneapolis triplex features 7 bedrooms, 3 bathrooms, and an active short-term rental operation fully licensed by the City of Minneapolis. With projected annual rental income of $48,000 through a combination of short-term and long-term tenants, this property offers flexibility and income potential for investors. Highlights include 7 off-street parking spaces on a concrete driveway, coin-operated basement laundry, a roof approximately 5 years old, and updated HVAC and air conditioning approximately 3 years ago. An additional basement bedroom offers future potential, subject to egress and applicable requirements. Whether you're expanding your portfolio or exploring multiple rental strategies, this property presents an exciting opportunity to invest in Minneapolis real estate!

3310 Chicago Avenue, Minneapolis

Listing courtesy of LPT Realty, LLC.

$235,000

3 Beds ⋅ 1 Baths ⋅ 7156932 MLS

Opportunity awaits! This 3-bedroom home offers a great opportunity to make it your own while building equity along the way! The main level features a spacious living room with a cozy fireplace, a functional kitchen with breakfast bar seating, and a dining area filled with natural light. Enjoy the added bonus of a screened porch, perfect for relaxing and enjoying the outdoors. Upstairs, you’ll find all three bedrooms conveniently located on one level, along with a full bathroom. The unfinished basement offers plenty of potential for additional finished living space, a recreation room, or whatever best suits your needs. Complete with an attached garage and a convenient Minneapolis location, this home is full of possibilities!

3514 4th Avenue S, Minneapolis

Listing courtesy of Real Broker, LLC.

$249,000

3 Beds ⋅ 3 Baths ⋅ 7133370 MLS

Bring your ideas and vision to this 2-story home offering 3 bedrooms, 3 bathrooms, a 2-car garage, and a welcoming front porch. This property will require a full rehab and presents an excellent opportunity for buyers, investors, or renovators looking to create a home tailored to their vision. Spacious layout and great potential—bring your contractor and imagination!

3624 5th Avenue S, Minneapolis

Listing courtesy of Realty Executives Top Results.

$365,000

4 Beds ⋅ 2 Baths ⋅ 7120900 MLS

Welcome to 3129 Clinton- a beautifully renovated, move-in-ready duplex offering the perfect opportunity to house hack or expand your investment portfolio! Both spacious units feature 2 bedrooms and 1 bathroom, along with updated kitchens, bathrooms, cabinetry, appliances, windows, and more. Each unit has separate utilities and its own furnace (both replaced in 2020) as well as a brand-new washer and dryer set for each unit, located in the clean, dry basement, which also offers plenty of storage. Enjoy peace of mind with a brand-new roof and siding, a clean TISH report with a COA, and an impressive energy disclosure report. Outside, you’ll find a fully fenced backyard and a large rear parking pad. The lower unit is leased to wonderful long-term tenants, while the upper unit is leased to an excellent tenant, who is now month-to-month - providing flexibility for buyers looking to owner-occupy or add a turnkey property to their investment portfolio. Come check it out- you won’t be disappointed! :)

3129 Clinton Avenue, Minneapolis

Listing courtesy of Compass.

$399,000

6 Beds ⋅ 3 Baths ⋅ 7102187 MLS

*Timeless Charm Meets Modern Functionality in the Heart of Minneapolis! Welcome home to this beautifully maintained 6-bedroom, 3-bathroom gem that perfectly blends classic character with everyday convenience. From the moment you step onto the inviting front porch, you'll fall in love with the warmth and charm this home has to offer. Inside, you'll be greeted by gorgeous hardwood floors, stunning original woodwork, and a spacious layout designed for comfortable living. The elegant formal dining room is perfect for hosting holiday gatherings or dinner parties, while the open kitchen offers abundant cabinet space and extra storage, making meal prep and entertaining a breeze. With six spacious bedrooms, there's room for everyone! The finished lower-level family room provides the perfect space for movie nights, a playroom, a home office, a workout area, or additional entertaining. Outside, enjoy the privacy of the fully fenced sideyard, ideal for kids, pets, gardening, or relaxing summer evenings. Fire pit & entertaining space! Located in one of South Minneapolis' most desirable neighborhoods, you'll love being just minutes from Powderhorn Park, scenic trails, local coffee shops, award-winning restaurants, neighborhood boutiques, and vibrant community events. Enjoy easy access to downtown Minneapolis, major highways, public transportation, lakes, and everything the Twin Cities have to offer. Homes with this much character, space, and location don't come along often! Whether you're looking for room to grow, a place to entertain, or simply a home filled with charm and history, this one truly checks all the boxes. Don't miss your opportunity to own this Minneapolis treasure—schedule your private showing today!

3048 Columbus Avenue, Minneapolis

Listing courtesy of Gold Door Realty LLC.

$389,900

7 Beds ⋅ 3 Baths ⋅ 7074993 MLS

Public Remarks: Fantastic investment opportunity in the desirable Central neighborhood of South Minneapolis! This classic triplex blends timeless character with solid income potential and long-term upside. The property features updated mechanicals, newer vinyl thermopane windows, and three income-producing units currently rented at $1,575, $1,590, and $1,000 per month. Located in a highly walkable and bike-friendly area near transit, parks, restaurants, and the Midtown Greenway, this property offers strong tenant appeal and convenient access to everything South Minneapolis has to offer. Ideal for an owner-occupant seeking supplemental rental income or an investor looking for a stable multifamily asset in the urban core. Opportunity to convert currently rented nonconforming unit to conforming through the addition of an exterior staircase. Additional financial upside available through the City of Minneapolis 4D Affordable Housing Incentive Program, which can reduce property taxes by up to 40% annually if qualifying units are enrolled. Strong cash flow, classic charm, and future upside make this a compelling opportunity in one of Minneapolis’ most connected neighborhoods.

3605 S 3rd Avenue, Minneapolis

Listing courtesy of Summit Realty LLC.

$395,000

4 Beds ⋅ 3 Baths ⋅ 7077581 MLS

Historic 1886 T.P. Healy Queen Anne on the iconic Healy Block, listed on the National Register of Historic Places. Open and bright with impeccable wood finishes throughout. Updated with modern electrical/plumbing, new furnace (2023), and AC motor (2025). Main level provides three living spaces, formal dining, and an updated kitchen with new oven, sink, microwave, and dishwasher, plus pantry and half bath. Second floor includes four bedrooms and an updated 3/4 bath; primary suite with new shower surround. Large, finished third-floor loft functions as a fifth bedroom or flex space. Enjoy the rebuilt (2023) front porch, back deck for entertaining, fenced yard, and two-car garage with alley access. Forced-air heat and central A/C and so much more.

3139 2nd Avenue S, Minneapolis

Listing courtesy of Lakes Sotheby's International Realty.

$339,000

4 Beds ⋅ 2 Baths ⋅ 7067303 MLS

Turnkey 2-bed/2-bed duplex in Powderhorn/Central Minneapolis. Both units tenant-occupied. Upper unit rents at $1,435/mo, lower at $1,470/mo ($2,905/mo combined), with month-to-month leases. Features hardwood floors, full basement, and rare four-car off-street parking. Recent updates: flat roof repair (2026), fresh paint, updated window framing. Tenants pay electricity and gas. Minutes from downtown, parks, transit, and I-35W. Strong portfolio add or house-hack opportunity. Some photos have been virtually altered for presentation purposes. Schedule your showing today.

3327 Oakland Avenue, Minneapolis

Listing courtesy of Keller Williams Classic Rlty NW.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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11 Homes under $400,000

Newest 11 Homes under $400,000

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