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Browse All Minneapolis MN Between $400K - $500K Properties for Sale

$409,900
6 Beds 3 Baths 7094932 MLS
Rare South Minneapolis Triplex Opportunity in the Heart of Longfellow/Cooper! Don’t miss this well-maintained and well-located triplex in the highly desirable Cooper neighborhood of South Minneapolis. This income-producing property features three separate units, each offering 2 bedrooms and 1 bathroom, providing strong rental appeal and flexible ownership options. The upper unit features beautiful hardwood floors and an additional porch room, while the side unit has been recently updated with new flooring and new bathroom plumbing. This property has recently seen several significant capital improvements, including a new roof, new main sewer line, plumbing, and updated furnaces—offering peace of mind and reducing major near-term expenses. With three separate forced-air furnaces and three water heaters, the building benefits from efficient independent utilities and simplified management. Situated on a corner lot, the property offers abundant off-street parking, basement storage, and owned coin-operated laundry for tenant convenience. The current tenants are month-to-month leases, with a unit available for an owner occupant. Whether you’re looking to expand your portfolio, owner-occupy, or house hack, this is an exceptional opportunity with immediate cash flow potential and long-term upside located in a vibrant neighborhood with excellent walkability to restaurants and shops.

3300 41st Avenue S, Minneapolis

Listing courtesy of Home Avenue Flat Fee Realty.

$474,900
4 Beds 2 Baths 7091972 MLS
Rare opportunity to own a classic up/down duplex in the heart of Minneapolis' highly sought-after Prospect Park neighborhood. Whether you're looking to offset your mortgage with rental income or add a strong-performing asset to your investment portfolio, this property offers outstanding flexibility and long-term potential. Filled with timeless character, both units feature impressive 9-foot ceilings, original hardwood flooring, beautiful wood built-ins, detailed millwork, and abundant natural light. The upper unit boasts a remodeled kitchen with stainless steel appliances, while additional spaces including a charming sunroom/porch, private balcony, unfinished third-floor attic, and expansive basement provide exceptional storage. Major mechanical updates include a boiler (2018), two water heaters (2020), and exterior painted (2026). A half-circle paver driveway accessible from the alley offers convenient off-street parking in addition to ample street parking. Located in one of Minneapolis' most desirable urban neighborhoods, this property is just blocks from the University of Minnesota, Green Line light rail, bus routes, parks, restaurants, coffee shops, and local retail. Easy access to I-35W and I-94 makes commuting throughout the Twin Cities a breeze. With strong rental demand, historic charm, and an unbeatable location, this Prospect Park duplex presents an exceptional opportunity for both investors and owner-occupants alike.

129 Arthur Avenue SE, Minneapolis

Listing courtesy of Roseville Realty.

$475,000
4 Beds 3 Baths 7091810 MLS
Welcome to 3350 Xerxes Avenue North - an updated Tudor Revival cottage offering panoramic views of Victory Memorial Parkway. This late-1920s charmer is a perfect blend of original character + modern updates. The inviting main level features generous living and dining spaces, gleaming hardwood floors, two bedrooms, a full bathroom with marble floors and shower surround, and an updated kitchen with stainless steel appliances and granite countertops. Southern exposure soaks the home in natural light. The 2,600+ square foot house is maximized for functionality and storage top to bottom, with only a 3x10 utility room remaining unfinished. The upper-level primary bedroom boasts a full en suite bathroom, walk-in closet, plus an additional 100 square feet of finished knee-wall storage. The lower level features a wet bar, family room, 3/4 bath, laundry room, and a fourth bedroom that could readily serve as an office, flex space, or workout room. The beautifully landscaped yard, enclosed by a black metal fence, offers not one, not two, but THREE patios for your enjoyment. Outstanding entertaining spaces both indoors and out. Two-car garage. Updates in the last four and half years include: new furnace, new A/C, new water heater, new retaining wall in the front yard, new landscaping, and new LVP flooring in the upper level primary bedroom. Phenomenal location overlooking Victory Memorial Parkway, with easy access to trails, parks, and downtown Minneapolis.

3350 Xerxes Avenue N, Minneapolis

Listing courtesy of Coldwell Banker Realty.

$475,000
3 Beds 2 Baths 7090387 MLS
There is a story to tell here involving decades of love, care, gatherings, gardening, and thoughtful renovations! Purchased in 1940 and the first event was to plant their Silver Maple! She’s towering and healthy at 86 years old! Beautiful, continuous blooming perennial gardens surround this 3 bedroom, 2 bath classic and charming 1.5 story! Lovely large yard and side deck are perfect for warm weather, entertaining, and play space, or expanding your gardens! Crabapple planted in 1974 blooms beautifully and corner pine by alley is so majestic! Come on in and you’ll be so pleased as you tour…freshly painted, gorgeous hardwood floors, open concept on main, and plenty of natural sunlight! Cozy electric fireplace in living room, spacious dining room for large gatherings, vaulted sunroom/flex space off dining with new carpet! Owners opened up kitchen/dining area in 1992 which offers great space to prep, store goods, or have coffee at your breakfast bar…white cabinets, stainless steel gas range, newer dishwasher, vinyl flooring, and convenient access to side deck. The vaulted sunroom and vaulted main floor bedroom bump out was also completed in 1992. Ceramic main floor bath has had some freshening up, too! 2 main floor bedrooms offer great closet space, hardwoods, new carpet, and ceiling fans. Upper floor bedroom expansion has great headroom, fresh paint, vinyl flooring, 2 new windows, and room to add a bathroom. No central air up here so adding a window AC would be smart. Lower level is so clean and freshly painted and is ready for your vision…add a bedroom (office), gym, or family room…lots of options! 3/4 bath is a bonus here! Laundry and storage space and 100-amp panel (new in 1992). Spacious, 2 car detached garage built in 1970 has a new garage door opener and cement driveway! Lovely quiet neighborhood so close to local shops, restaurants, schools, parks, lakes, and Minnehaha Creek! You’ve LOVE 5750 Pleasant!

5750 Pleasant Avenue, Minneapolis

Listing courtesy of Coldwell Banker Realty - Southwest Regional.

$499,900
4 Beds 4 Baths 7089641 MLS
Highest and Best offers due Sunday 6/14, 6:00 pm! Unique mixed-use property located in Diamond Lake! This beautiful stone and stucco building offers the perfect combination of residential living and income-producing commercial space, each with its own private entrance. The residential side welcomes you with a spacious living room with wood-burning fireplace. The large kitchen features abundant countertop space, ample cabinetry, stainless steel appliances, and storage. A convenient half bath completes the main level, while the impressive addition provides generous dining and family room spaces. Upstairs, you'll find four spacious bedrooms and a full bathroom. The finished lower level offers laundry and extensive storage. Outside, enjoy a fenced backyard and a detached two-car garage. The commercial side is currently occupied by long-term chiropractic and massage therapy tenant, providing established rental income. The main level includes a reception area and waiting room, four private treatment rooms and storage. The lower level expands the space with three additional massage rooms, an office, 3/4 bath and ample storage. Ideally located just steps from Todd Park and close to popular restaurants, shopping, and grocery stores, this versatile property offers endless possibilities for investors or owner-occupants in one of Minneapolis's most convenient neighborhoods.

5538 Chicago Avenue, Minneapolis

Listing courtesy of Welcome Home Productions, LLC.

$499,900
4 Beds 4 Baths 7086283 MLS
Highest and Best offers due Sunday 6/14, 6:00 pm! Unique mixed-use property located in Diamond Lake! This beautiful stone and stucco building offers the perfect combination of residential living and income-producing commercial space, each with its own private entrance. The residential side welcomes you with a spacious living room with wood-burning fireplace. The large kitchen features abundant countertop space, ample cabinetry, stainless steel appliances, and storage. A convenient half bath completes the main level, while the impressive addition provides generous dining and family room spaces. Upstairs, you'll find four spacious bedrooms and a full bathroom. The finished lower level offers laundry and extensive storage. Outside, enjoy a fenced backyard and a detached two-car garage. The commercial side is currently occupied by long-term chiropractic and massage therapy tenant, providing established rental income. The main level includes a reception area and waiting room, four private treatment rooms and storage. The lower level expands the space with three additional massage rooms, an office, 3/4 bath and ample storage. Ideally located just steps from Todd Park and close to popular restaurants, shopping, and grocery stores, this versatile property offers endless possibilities for investors or owner-occupants in one of Minneapolis's most convenient neighborhoods.

5536 Chicago Avenue, Minneapolis

Listing courtesy of Welcome Home Productions, LLC.

$449,900
3 Beds 3 Baths 7088022 MLS
*** Multiple Offers Received*** Highest and best offers are being asked to be received by Seller, end of day, Sunday, June 14th, 2026, no later than 11:59pm. Beautifully maintained and full of character, this 3-bedroom, 3-bath Park Avenue home offers a rare blend of classic South Minneapolis charm, thoughtful updates, and exceptional outdoor living just blocks from Minnehaha Parkway, neighborhood parks, restaurants, trails, and everyday conveniences. Meticulously cared for inside and out, the home features hardwood floors, a living room fireplace, a welcoming sunroom/den off the kitchen, stone kitchen countertops, and premium Thermador appliances that add warmth, comfort, and quality throughout. Two spacious main-level bedrooms are separated by a beautiful full bathroom. The upper-level primary suite features a newly installed premium 3/4 ensuite bath with double vanity, creating a comfortable retreat with modern convenience. The finished lower level adds even more flexibility with a family room area and dedicated office space, ideal for working from home, hobbies, guests, or additional living space. Multiple bathrooms and flexible living areas make the home especially functional for everyday living. Outside, the yard is a true standout, featuring lush perennial plantings throughout, a peaceful koi pond, pergola, new concrete patio, and new sidewalk, creating a private retreat and garden-like setting in the city. Complete with a 2-car garage and a convenient South Minneapolis location near parks, restaurants, transit, trails, and commuter routes, this is a home that has been loved, improved, and maintained with care.

4504 Park Avenue, Minneapolis

Listing courtesy of Keller Williams Realty Integrity Lakes.

$425,000
1 Beds 1 Baths 7082934 MLS
Residence 205 at Zenith Condominiums is a meticulously updated 1 bed + den home where no detail has been overlooked. The kitchen and bath have been fully reimagined for modern living, featuring Bosch appliances, custom tile and casework. Interior selections are finished with a designer's eye featuring custom window coverings, statement Sarah Sherman Samuel wallpaper, wool bedroom carpet, and layered lighting that brings warmth and character to every room. Thoughtful details at every turn maximize storage capabilities including custom entry, owner’s suite and laundry storage. Private balcony with tree tops views across the street provide a lush park-like setting with an intimate connection to the vibrancy of the Mill District. Stroll across the street to Gold Medal Park, catch a show at the Guthrie, browse the Mill City Farmers Market, or bike the riverfront trails toward the North Loop or across the Stone Arch Bridge. Trader Joe's is a quick walk for everyday essentials, and downtown is effortlessly close - all on foot. A dedicated parking space with an EV charger rounds out this exceptional offering. Residents also enjoy a partnership with adjacent Aloft Hotel for monthly fitness if desired, for a small fee. Pet friendly, move-in ready, and perfectly placed - welcome to your new home in one of the best boutique buildings in downtown Minneapolis, Zenith Condominiums.

901 S 2nd Street Unit 205, Minneapolis

Listing courtesy of Keller Williams Realty Integrity Lakes.

$474,900
2 Beds 2 Baths 7078483 MLS
This is exactly what North Loop loft living should feel like. Step inside this standout home at the 918 Lofts and you immediately get it. That perfect mix of historic warehouse soul and thoughtful modern updates. Nearly 1500 square feet of wide-open living with soaring ceilings, massive windows, and those original industrial details that give it real character. This is true loft living, the kind that makes every day feel elevated. You are in the absolute heart of the North Loop. Walk out your door and you are surrounded by the energy. The breweries, the restaurants, the galleries, the river path, all of it. This 1923 warehouse conversion still delivers that rare, authentic vibe while giving you everything you actually need today. The open layout is made for how you really live. Plenty of space for a huge dining table, deep couches, artwork, and flexible areas that adapt to whatever your life looks like. The kitchen is built for real cooking and even better conversations. Generous bedrooms give you privacy; the bathrooms feel fresh and clean, and the storage actually works. A big win in loft life. One of my favorite features is the improved patio, now perfectly set up for your morning coffee, evening cocktails, or just unwinding with the city humming around you. And the parking is next level. One secure indoor spot plus two outdoor stalls. In the North Loop, that kind of setup is pure gold. Units like this in the building have been moving fast. Recent sales prove buyers are hungry for these larger, true loft layouts with real personality and practical perks. They get it. This is the lifestyle everyone wants right now. If you are ready for authentic urban living with serious upside, this is your moment. These opportunities in the North Loop do not stick around long.

918 N 3rd Street Unit 201, Minneapolis

Listing courtesy of DRG.

$429,900
9 Beds 3 Baths 7075280 MLS
Excellent multifamily investment opportunity in a prime South Minneapolis location with long-term tenants! This well-maintained, large duplex at 2314 Portland Ave S, Minneapolis, MN 55404 offers spacious living arrangements with 5BR/2BA and 3BR/1BA units, separate entrances, and abundant off-street parking, a rare amenity in the urban core. The property combines strong functionality with excellent rental potential, making it ideal for both investors and owner-occupants seeking stable income and long-term appreciation. Spacious units, flexible layouts, and consistent tenant demand create an attractive opportunity in one of Minneapolis’ most accessible neighborhoods. Conveniently located near downtown Minneapolis, public transit, parks, restaurants, hospitals, and major employment corridors, this property offers outstanding connectivity and strong tenant appeal. Additional 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. The property is fully occupied with long-term tenants in place, providing stable and predictable income: Unit 1 (5BR/2BA): $2,050/month lease through May 31, 2027 Unit 2 (3BR/1BA): $1,750/month lease through March 31, 2027 Current Gross Rental Income: $3,800/month ($45,600 annually) Utilities: Trash & Water: $303.35/month Electric: $18/month Total Average Utilities: $321.35/month ($3,856 annually) Strong location, solid fundamentals, and future upside potential make this a compelling addition to any investment portfolio.

2314 Portland Avenue S, Minneapolis

Listing courtesy of Summit Realty LLC.

$485,000
3 Beds 3 Baths 7025579 MLS
Charming cottage just a short walk from Lake Nokomis. Immaculate and move-in ready, this 1½-story home feels like a professional decorator lives here — every detail thoughtfully curated and nothing left to do but enjoy it. The kitchen impresses with tile floors, tile backsplash, solid surface counters, stainless appliances, a gas range, vented hood, & dining area— everything a home cook could want. The private upper-level primary suite features vaulted ceilings with exposed beams, a walk-in closet, and a tiled full bath, complemented by a charming loft area perfect for a reading nook, home office, or creative space. Two additional main-floor bedrooms and the living room all showcase beautiful hardwood floors, while the generous living room offers flexible space for dining or gathering. The finished lower level with new carpet adds room to spread out, laundry & mechanical/storage area, plus a bath area waiting for your personal touches. Outside, fresh painted steel.siding gives the home its storybook cottage charm, while the screened porch, patio with fire pit area, and fully fenced yard make outdoor living a joy. A two-car garage completes the package. Just a short walk to Lake Nokomis, parks, and trails — one of Minneapolis's most beloved neighborhoods. Homes this special and this well-loved don't come along often — come see it for yourself.

5455 Shoreview Avenue, Minneapolis

Listing courtesy of Engel & Volkers Minneapolis Downtown.

$500,000
4 Beds 4 Baths 7082395 MLS
Classic Powderhorn fourplex offering split utilities, enduring original character, and consistent rental demand in one of South Minneapolis’ most established neighborhoods. Situated on a corner lot just blocks from Powderhorn Park, this well-maintained property features four spacious 1-bedroom, 1-bath units with separate gas and electric, individual furnaces and water heaters, shared laundry, off-street parking, and a detached two-stall garage. Each unit retains the architectural details that continue to support long-term rental appeal, including original hardwood floors, built-in buffets, natural woodwork, and. enclosed porches that provide additional functional living space. Recent improvements include fresh exterior paint, new gutters, updated LED lighting throughout, electronic locks, updated landscaping, shared laundry with new washer and dryer, and a new water heater. The property offers stable in-place income with additional upside potential through future improvements over time. Additional features include basement storage lockers, rear deck access, and four off-street parking spaces in addition to the garage. Conveniently located near Powderhorn Park, transit, bike trails, downtown Minneapolis, and neighborhood dining and retail, this is an opportunity to acquire a well-positioned Minneapolis multi-family asset in a consistently strong rental corridor.

3400 Elliot Avenue, Minneapolis

Listing courtesy of Keller Williams Realty Integrity Lakes.

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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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Between $400K - $500K Minneapolis Real Estate

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