Minneapolis Homes under $400,000

Welcome to Minneapolis, Minnesota, a vibrant city known for its rich cultural tapestry, stunning lakes, and thriving arts scene. Nestled in Hennepin County, Minneapolis is not just a place to live; it’s a community that embraces innovation, diversity, and sustainability. With a population that celebrates its Midwestern roots, this city offers a unique blend of urban excitement and natural beauty.

Minneapolis boasts an impressive array of amenities, from the bustling shops and restaurants of the North Loop to the serene parks and lakes that dot the landscape. The city is home to the renowned Walker Art Center and the Minneapolis Institute of Arts, ensuring that there’s always something inspiring to explore. Outdoor enthusiasts will love the Chain of Lakes, where you can paddle, bike, or simply enjoy a leisurely stroll along the scenic trails.

For those looking to make Minneapolis their home, there are numerous charming properties available for under $400,000. Whether you’re a first-time homebuyer or seeking a cozy space to settle down, you’ll find a variety of options that cater to different tastes and lifestyles. From classic bungalows to modern condos, the housing market here offers something for everyone, all while maintaining a sense of community and affordability.

In Minneapolis, you’ll enjoy not only a beautiful home but also a lifestyle enriched by art, nature, and a welcoming spirit. Explore the opportunities that await you in this dynamic city, and discover why so many are proud to call Minneapolis home!

Newest Minneapolis Homes under $400,000

$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.

2407 Girard Avenue S Unit 6, Minneapolis

$350,000

2 Beds ⋅ 1 Baths ⋅ 7154262 MLS

Welcome to the historic Ansonia Building, in the heart of urban living in Uptown. This spacious, sun-filled third-floor, two-bedroom unit features wide hallways, abundant natural light, and a bright white eat-in kitchen with stone countertops. A serving window opens to the formal dining room with a built-in buffet. There is in-unit laundry, and the back balcony leads down to the building's private garden patio. The timeless building features turn-of-the-century details, high ceilings, beautiful woodwork, and wide, well-maintained hallways. The care and attention of its residents are evident as soon as you enter the building. The unit includes a garage stall and a storage unit in the basement. Located in the highly walkable East Isles neighborhood, the building is close to Lake of the Isles, the Grand Rounds, dining, nightlife, and shopping. You are going to love this one!

2407 Girard Avenue S Unit 6, Minneapolis

Listing courtesy of Edina Realty, Inc..

210 W Grant Street Unit 615, Minneapolis

$170,000

1 Beds ⋅ 1 Baths ⋅ 7153361 MLS

Welcome to a condo—and a community—you’ll love coming home to! This beautifully maintained home offers wonderful views of the lush Loring Greenway from both the private balcony and bedroom, creating a peaceful connection to nature in the heart of Minneapolis. Inside, you’ll appreciate the freshly painted interior, smooth ceilings, crown molding and an impressive amount of custom built-in storage throughout the home. See listing photos #5 of hallway built-ins, #14 of desk with drawers in bedroom, and #16 of closets and drawers in bedroom. Kitchen and bathroom cabinetry is custom built as well. Photo #18 shows the custom built-in drawers and cabinet in the reflection of the bathroom mirror. The building itself is something special, with meticulously maintained grounds and amenities designed for both convenience and community. Enjoy the sauna, fitness room, inviting community room and expansive sun deck with comfortable seating and beautiful, private views. Residents can also participate in organized activities and group outings—and even the building staff will tell you their favorite part of working here is “the people.” Additional conveniences include FREE shared laundry on the 6th floor, a temperature-controlled garage with a generously sized private storage area at the front of the parking stall, and an abundance of guest parking—a rare find in this location! Step outside and enjoy the beautifully maintained Loring Greenway just behind the building, cared for in part by an active neighborhood volunteer group. From here, you can walk to Loring Park, Lunds & Byerlys, Target, Nicollet Mall, restaurants, shopping and entertainment along Hennepin Avenue. Downtown living with green space, great amenities and a true sense of community—this one offers so much more than just a place to live.

210 W Grant Street Unit 615, Minneapolis

Listing courtesy of Coldwell Banker Realty.

$180,000

3 Beds ⋅ 1 Baths ⋅ 7153588 MLS

A future very nice home located just a few blocks from Memorial Parkway, offering an excellent opportunity for a refresh and personal touches. The kitchen features beautiful cherry wood cabinets but would benefit from updating, including the floor and ceiling. The interior wood trim remains in good condition. The roof on both the house and garage is newer, installed by Valaiant Roofing in 2022. The furnace and water heater may be approximately 7-10 years old, although their ages have not been confirmed. A tall chain-link fence surrounds the property. For comparison, the property directly across the street was in somewhat poorer condition but, after being refreshed, recently sold for $241,000. The home offers similar potential for improvement and value.

3651 Queen Avenue N, Minneapolis

Listing courtesy of RE/MAX Results.

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