25 Homes under $400,000

Welcome to the vibrant and diverse neighborhood of Minneapolis, Minnesota, nestled in the heart of Hennepin County. Known for its rich cultural tapestry, this city offers a unique blend of urban sophistication and natural beauty. With its stunning lakes, expansive parks, and a thriving arts scene, Minneapolis is a place where residents can enjoy both outdoor adventures and a lively city life.

For those seeking affordable housing options, Minneapolis is a hidden gem. Homes under $400,000 are plentiful, providing an excellent opportunity for first-time buyers, families, and investors alike. From charming bungalows to modern townhomes, the housing market here caters to a variety of tastes and preferences. Many properties feature beautifully landscaped yards, updated interiors, and proximity to local amenities, making them ideal for anyone looking to settle down in this dynamic city.

The neighborhood boasts excellent schools, a plethora of dining options, and an array of shopping experiences, ensuring that residents have everything they need right at their fingertips. With a strong sense of community and a commitment to sustainability, Minneapolis is a city that encourages a lifestyle of connection and engagement.

Whether you're drawn to the bustling downtown area or the serene lakeside parks, Minneapolis has something for everyone. Explore the charm of this incredible city and discover your perfect home under $400,000. With its welcoming atmosphere and endless opportunities, it’s no wonder that Minneapolis is one of the most sought-after places to live in Minnesota!

Newest 25 Homes under $400,000

$354,900

3 Beds ⋅ 2 Baths ⋅ 7167108 MLS

Welcome to this charming 2-story home in the desirable Ericsson neighborhood! Thoughtful updates throughout include refreshed flooring, paint, lighting, exposed brick accents, and unique custom details that add warmth and character. The main level offers a semi-open layout, while upstairs you’ll find two bedrooms and a full bathroom. The finished lower level provides a versatile space featuring an additional bedroom with an ensuite bathroom, perfect for guests or additional living space. Step outside to enjoy the fully fenced yard surrounded by greenery, offering privacy and plenty of room to relax or entertain. The spacious deck features a pergola and ambient lighting, creating an inviting outdoor retreat conveniently accessible through the sliding patio door. A rare find, the oversized heated tandem garage offers plenty of room for parking, storage, or hobbies with convenient street access rather than alley access. All of this in a fantastic location near Hiawatha, restaurants, shopping, trails, transit, and more. A wonderful combination of charm, thoughtful updates, and everyday convenience!

2810 E 43rd Street, Minneapolis

Listing courtesy of Real Broker, LLC.

$299,999

2 Beds ⋅ 1 Baths ⋅ 7166338 MLS

Absolutely charming bungalow-style cottage in Minneapolis' desirable Ericsson neighborhood, just steps from Minnehaha Creek and the scenic parkway! This adorable home offers the ease of one-level living in an unbeatable location, with beautiful walking and biking trails, neighborhood coffee shops, restaurants, and shopping all within walking distance. Full of warmth and character, this inviting home has been thoughtfully updated while maintaining its cozy cottage charm. Recent improvements include engineered hardwood flooring in the living room and second bedroom (2020), a new furnace and water heater with a smart thermostat (2018), refrigerator (2018), gas range and microwave (2020), and washing machine (2023). Additional upgrades include replacement windows and blinds in both bedrooms, new front and back storm doors, and charming kitchen touches featuring a partial wood countertop and custom floating shelves. A French drain was installed alongside the garage to improve drainage, and the main sewer line has been maintained. Enjoy the perfect blend of neighborhood charm, outdoor recreation, and everyday convenience, with easy access to Highway 55 and everything South Minneapolis has to offer. A truly delightful place to call home! Preferred Lender Incentive: This exclusive listing includes the Guild Rate Relief Program when financing with GuildMortgage, the preferred lender. The program lowers the buyer’s interest rate by 2% the first year and 1% the second year, which could put their first-year interest rate in the 5s. Ask the listing agent for details and eligibility.

4733 36th Avenue S, Minneapolis

Listing courtesy of Prudden & Company.

$199,900

1 Beds ⋅ 1 Baths ⋅ 7163212 MLS

*3 bedrooms - 2 are non-conforming* Opportunity awaits in a fantastic South Minneapolis location! Held by the same family for six generations, this home is ready for its next chapter. Bring your vision and creativity to make the most of its potential. The home offers generous living spaces, one large traditional bedroom, plus two non- conforming bedrooms or additional rooms with possibilities for an office, hobbies, or a reimagined floor plan. Updating and improvements are needed, but for buyers willing to roll up their sleeves, this is an opportunity to create a home of their own and build equity in an established neighborhood. Bring your ideas and explore the possibilities!

4246 32nd Avenue S, Minneapolis

Listing courtesy of Sandy Green Realty, Inc..

$335,000

3 Beds ⋅ 2 Baths ⋅ 7120677 MLS

Great equity opportunity in this classic 1.5 story South Minneapolis home, where timeless character meets a great location. Just a short stroll from Minnehaha Creek, Lake Hiawatha, and Minnehaha Falls, this home offers an ideal blend of nature, walkability, and city convenience. Enter through the inviting 3-season front porch into a classic main-level layout featuring hardwood floors and an efficient kitchen with an easy flow into the living and dining spaces. Two generously sized bedrooms and a full bath complete the main level. Upstairs, you'll find a spacious bedroom suite with a versatile sitting room perfect for a home office, and also a bonus room with a walk in closet that could be used as a 4th bedroom, dressing area, or additional living space. The unfinished lower level offers excellent potential for future expansion and additional finished living space. Outside, enjoy a fenced backyard with a deck and a convenient 2-car garage. A new roof in 2024 provides valuable peace of mind. Minutes from green parks, trails, schools, light rail, and some of South Minneapolis' favorite local destinations, this home is an excellent opportunity to enjoy everything this vibrant neighborhood has to offer. Move-in ready, full of character, and close to it all!

4404 33rd Avenue S, Minneapolis

Listing courtesy of Edina Realty, Inc..

$299,900

3 Beds ⋅ 2 Baths ⋅ 7146733 MLS

Come discover why South Minneapolis is one of the most sought-after neighborhoods! Just blocks from Lake Hiawatha, Minnehaha Creek, local bakeries, restaurants, shops, and parks, this home offers the perfect blend of charm and convenience. Step inside to a beautifully updated kitchen featuring shaker-style cabinets, solid cork countertops, crown molding, a full pantry and utility cabinet, eight recessed lights, three windows for natural light, chair rail detailing, a Lazy Susan, subway tile backsplash, and pull-out trash and recycling. The main floor also boasts a formal living room with three double-hung windows, a separate dining room with classic piano windows, and an open staircase. Enjoy lazy afternoons on the spacious front porch surrounded by 11 updated double-hung windows. Upstairs, you’ll find three bedrooms on one level, including a generous primary suite with a large closet and sitting area. The oversized attached & heated two-stall garage includes six electrical outlets—perfect for projects or extra storage.

3039 E 45th Street, Minneapolis

Listing courtesy of Coldwell Banker Realty - Lakes.

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25 Homes under $400,000

Newest 25 Homes under $400,000

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