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Browse All Minneapolis MN Between $500K - $600K Properties for Sale

$600,000
4 Beds 2 Baths 7094543 MLS
Renovated and thoughtfully expanded in 2009, this exceptional rambler now offers more than 1,700 finished square feet on each level and blends timeless finishes with outstanding spaces for everyday living and entertaining. in The heart of the home is the stunning vaulted 24x12 kitchen featuring rich cherry cabinetry, granite countertops, and an open design that flows effortlessly into the spacious 15x10 informal dining area with walk-out access to the deck and adjoining 22x14 family room. Whether hosting holidays or enjoying a quiet evening at home, this open-concept space was designed to bring people together. Step outside through Anderson patio doors to the backyard deck or retreat to the private fenced-in oasis featuring a secluded hot tub area — the perfect place to unwind after a long day. The main level includes three bedrooms, while the beautifully finished lower level offers incredible flexibility with a fourth bedroom, a 3/4 marble tile bath, cozy fireplace, and a fully equipped second kitchen. Complete with maple cabinetry, granite countertops, stainless steel appliances, full-size refrigerator, microwave, and oven, it’s an ideal setup for game days, guests, multigenerational living, or entertaining friends and family. Major improvements provide confidence and peace of mind, including a new roof 2021, Hardie board siding 2009, Anderson windows 2009, new kitchen range 2024, new washer and dryer 2024, new water heater July 2026, furnace and A/C 2012, plus a comprehensive lower-level remodel completed in 2015 featuring spray foam insulation, egress windows, and tuck-pointed chimneys. Beyond the home itself, you’ll love the location. Enjoy the convenience of being just a short walk from nearby lakes, parks, elementary schools, and neighborhood restaurants, making it easy to embrace an active and connected lifestyle. This is more than a house — it’s a home designed for gathering, relaxing, and making memories for years to come. Hurry, your next chapter starts here.

6032 Knox Avenue S, Minneapolis

Listing courtesy of Edina Realty, Inc..

$569,500
4 Beds 4 Baths 7105738 MLS
Exceptional turnkey triplex in the Sheridan Neighborhood of Northeast Minneapolis. Whether you are an investor seeking a stable income-producing property or an owner-occupant looking to house-hack, this is the perfect opportunity. This unique triplex currently has active Long-term and Short-term rental licenses with the City of Minneapolis. Each of the three units is currently vacant and has been thoughtfully updated with modern finishes, stainless steel appliances, LVP flooring, and newer windows. The property also features an unfinished basement with dedicated storage and laundry accommodation for each unit. There is a large fenced outdoor space that includes a one-car garage with attached sheds, a two-car garage, and spacious uncovered off-street parking with additional capacity for six to eight vehicles. This immense exterior space offers potential for future ADU opportunities. Unit 1 on the main level features one bedroom and one bathroom and was previously used as a long-term rental. Unit 2 on the main level features one bedroom, one bathroom, and forced air with central A/C . This unit is currently used as a short-term rental, fully furnished and operational, netting an average of $2,000 per month. Unit 3 on the upper-level features two bedrooms, two bathrooms, in unit washer and dryer, in-suite bathroom in the primary bedroom, and forced air with central A/C. This unit was owner occupied. Located in one of Northeast Minneapolis’ most creative and energetic neighborhoods, this property is surrounded by popular restaurants, breweries, galleries, and local small businesses; all while offering convenient access to Downtown Minneapolis and The University of Minnesota. Don’t miss your chance to own this unique, updated triplex and all its amenities!

1411 Grand Street NE, Minneapolis

Listing courtesy of Algo Realty Inc.

$550,000
2 Beds 2 Baths 7105115 MLS
Experience the best of downtown living at The Carlyle, ideally located where the historic Mill District meets the vibrant North Loop. Enjoy an unmatched urban lifestyle with parks, miles of walking and biking trails along the Mississippi River, exceptional restaurants, theaters, and everyday conveniences—including nearby grocery shopping—all just steps from your front door. Inside, the thoughtfully designed floor plan features separated living and sleeping areas for privacy, and a den with French doors that provides the perfect space for a home office, library, or private retreat. Quality finishes include hardwood and ceramic tile floors, while the beautiful cherry kitchen is appointed with granite countertops and stainless steel appliances. The Carlyle is a pet-friendly community, allowing up to two dogs, two cats, or one of each. The nearly all-inclusive association fee covers heating, air conditioning, gas, cable TV, high-speed internet, 24-hour security, heated underground parking, and additional storage. Residents enjoy an exceptional collection of amenities, including a resort-style outdoor pool deck with grills and a fire pit, an expansive fitness center with aerobics studio, and a beautifully updated club room. Additional conveniences include guest suites, a business center, meeting rooms, wine storage and tasting room, and multiple comfortable resident lounges. This is downtown Minneapolis living at its finest.

100 3rd Avenue S Unit 705, Minneapolis

Listing courtesy of RE/MAX Results.

$549,900
4 Beds 2 Baths 7100847 MLS
Welcome to this exceptional 1928 Tudor, where timeless architecture and thoughtful modern updates come together in perfect harmony. Stunning storybook curb appeal with beautiful stone exterior accents on a rare corner lot overlooking St. Anthony Parkway. Rich in character and filled with natural warmth, this home showcases beautiful hardwood floors, a striking custom fireplace, graceful archways and corner built-in hutches. The beautifully updated kitchen boasts a quartz breakfast bar, black stainless appliances, stylish two-tone cabinetry, and warm stone tile accents. The bright bonus sitting nook opens to a sliding glass door, offering peaceful views of the gardens and visiting wildlife while creating a seamless connection to the backyard. Outside, the lush professionally landscaped gardens, expansive stamped concrete patio, and an elegant custom cedar privacy fence combine to create an outdoor retreat. The luxuriously renovated garden level living space features City of Minneapolis approved ADU (Accessory Dwelling Unit) that has consistently generated $22,000 in annual rental income, providing proven income potential while also offering flexibility for multi-generational living, or a private guest retreat. The spacious walk-up attic presents an outstanding opportunity to create a spectacular primary owner's suite or additional living space. Homes on St. Anthony Parkway rarely come available, and this is the kind of home that you will fall in love with from the moment you step inside. Walk to Waite Park and Johnson Street restaurants, bakeries, coffee, trails, all conveniently in the heart of popular " Nordeast".

3022 Hayes Street NE, Minneapolis

Listing courtesy of Coldwell Banker Realty - Southwest Regional.

$565,000
7094684 MLS
Note: Do not disturb house on north parcel. Rare development opportunity in the heart of Northeast's thriving Arts District. This offering combines two parcels, 917 NE 18th Ave and 1807 Jackson St NE, totaling 15,308 square feet on a corner site, in one of Minneapolis's most active neighborhoods with strong rental demand and quick access to downtown and the riverfront. The 1807 Jackson St NE parcel includes an existing 2 bedroom, 1 bathroom single-family home with the potential to expand, while 917 NE 18th Ave is a vacant lot, giving a buyer flexibility to hold and improve the existing residence in the near term while planning a larger redevelopment of the full corner. The combined site is zoned CM2 Commercial Mixed-Use with the Transit 10 built form overlay, one of the most flexible and highest-capacity designations in the city. Transit 10 allows building heights from two to ten stories, up to 140 feet, with a base floor area ratio of 5.4. CM2 permits a broad slate of uses by right under the Minneapolis use table, including multiple-family dwellings of four or more units, restaurants, general retail, office, lodging, art studios, and breweries or distilleries, supporting straightforward residential, commercial, or mixed-use redevelopment. Both parcels also fall within a Great Streets Eligible boundary with the City of Minneapolis, opening access to City development and business support programs. Whether you are looking to build now or land bank a prime Arts District corner with future upside, this is a hard-to-replicate position in a neighborhood with limited remaining infill sites.

917 18th Avenue NE, Minneapolis

Listing courtesy of LPT Realty, LLC.

$600,000
7094590 MLS
Prime RM3 Investment Opportunity – 2318 1st Ave S, Minneapolis. Position your portfolio for success with this 6,009 SF multi-use commercial property in the heart of Minneapolis. Built in 1920 and situated on a prominent corner lot, this property offers the rare combination of historic architecture, flexible zoning, and strong location fundamentals—a winning formula for investors and owner-users alike. Currently configured as professional office space, the building features three separate entrances across three floors plus a lower level, allowing for multi-tenant use or conversion to mixed-use, residential, or institutional operations. The RM3/BFI3 zoning supports a broad range of uses including large-scale dwellings, professional offices, and major institutional tenants, giving investors a flexible foundation for future growth or repositioning. Nine off-street parking stalls—a rare urban luxury—enhance accessibility and tenant appeal. With the previous owner (a long-standing accounting firm) now relocated, the property is move-in ready or available for immediate redevelopment or lease-up strategy. Located just steps from Eat Street, the Minneapolis Institute of Art, and Midtown Global Market, this property sits within one of the city’s most vibrant and transit-connected neighborhoods. The strong surrounding tenant mix, bike and bus accessibility, and proximity to downtown create a high-demand environment for professional users and long-term investment stability. Investment Highlights: - 6,009 SF brick building (approx. 4,862 SF finished) on a corner lot - RM3/BFI3 zoning – ideal for office, residential, or institutional uses - 3 separate entrances for multi-tenant or flexible layouts - 9 off-street parking stalls – rare in core Minneapolis - Solid 1920 construction with timeless architectural appeal - Vacant and ready for occupancy, repositioning, or redevelopment - Surrounded by high-demand cultural and commercial amenities - Located in a strong rental and employment corridor near downtown 2318 1st Ave S represents a smart acquisition for investors seeking a versatile, centrally located asset with multiple upside paths—whether through adaptive reuse, multi-tenant office leasing, or future residential conversion.

2318 1st Avenue S, Minneapolis

Listing courtesy of Keller Williams Realty Integrity.

$549,900
4 Beds 2 Baths 7091892 MLS
Exceptional Up/Down Duplex Near Lake Harriet & Minnehaha Creek. Discover a rare opportunity to own a charming and versatile duplex ideally located on the corner of 53rd Street and Penn Avenue, just one block from scenic Minnehaha Creek and only five blocks south of Lake Harriet. This property features two spacious units, each offering a thoughtfully designed layout that includes a bright living room, formal dining room, full kitchen, two bedrooms, one full bathroom, and a cozy fireplace. The main-level unit showcases beautiful hardwood floors throughout, while the upper unit is comfortably carpeted, providing an added layer of quiet and privacy for tenants. Each unit includes its own garage stall, adding convenience and value for occupants. The unfinished lower level presents outstanding expansion potential and includes an additional fireplace—bringing the total to three fireplaces throughout the home. Whether you're an investor seeking strong rental income, an owner-occupant looking to offset expenses, or exploring short-term rental opportunities such as Airbnb, this property offers exceptional flexibility. Current rents are below market, presenting immediate value-add potential.Enjoy an unbeatable lifestyle with easy access to nearby beaches, popular biking and walking trails, and neighborhood favorites like Broders’ Pasta Bar, Nico’s Tacos, and more — all just minutes away. A unique blend of location, character, and income potential—this is one you won’t want to miss.

5300 Penn Avenue S, Minneapolis

Listing courtesy of Coldwell Banker Realty - Lakes.

$535,000
6 Beds 3 Baths 7090615 MLS
*highest and best offers please Saturday, 6/20/26 4PM* Fully remodeled mid-century side-by-side duplex in a prime Northeast Minneapolis location! Each unit features a functional 3-bedroom layout with 2 bedrooms on the main level and 1 bedroom in the lower level, an attached tuck-under garage, in-unit washer and dryer, and separate utilities, including individual furnaces, central A/C systems, and water heaters. One unit also offers a convenient lower-level 3/4 bath. Beautifully updated kitchens showcase butcher block countertops, stainless steel appliances, and modern finishes. Remodeled baths, updated flooring, and quality craftsmanship throughout create a true turnkey opportunity for an owner-occupant or investor. Most major improvements were completed in 2019 and 2020, including new kitchens, appliances, bathrooms, flooring, front and side entry doors, storm doors, gutters, central air conditioning added to both units, and a new furnace and water heater in Unit 2801. Additional recent improvements include nine newer windows and a new deck. Conveniently located within walking distance of bus lines, neighborhood shops, restaurants, and other local amenities. Separate utilities and laundry for each unit simplify management while the extensive updates make this a low-maintenance investment opportunity. Perfect for an owner-occupant or investor seeking a move-in-ready duplex in a desirable Northeast Minneapolis location. Quick close possible!

2801 Lincoln Street NE, Minneapolis

Listing courtesy of Grand Realty, LLC.

$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.

$559,900
2 Beds 2 Baths 7079499 MLS
Rarely available penthouse-level North Loop condo with an expansive private roof terrace, complete with a Restoration Hardware natural gas fire table overlooking the green courtyard, perfect for morning coffee, summer dinners, or winding down by the outdoor fireplace. This 2-bed, 2-bath home offers the kind of space, style, and outdoor living that makes condo life feel easy and elevated, with an open floor plan, floor-to-ceiling windows, polished concrete floors, and a see-through gas fireplace that anchors the living space. The kitchen is outfitted with brand-new, designer-level appliances from Café and KitchenAid, a custom herringbone marble backsplash, and Restoration Hardware lighting fixtures. The bathrooms have been beautifully updated with Montaggio-sourced finishes, including a luxurious walk-in shower with subway tile and Carrera marble, floating Wetstyle vanities, a new Electrolux washer/dryer, and sleek modern details throughout. The second bedroom works perfectly as a guest room, home office, or flexible lifestyle space. Includes 2 side-by-side heated underground parking stalls, a double-sized climate-controlled storage unit, indoor bike storage, and HOA dues that cover everything except electricity. Live steps from the riverfront, trails, Target Field, light rail, restaurants, coffee shops, bars, and everything that makes the North Loop one of Minneapolis' most loved neighborhoods.

720 N 4th Street Unit 703, Minneapolis

Listing courtesy of DRG.

$500,000
7074383 MLS
Commercial building in the heart of Northeast Minneapolis Arts District. Located along a high-traffic corridor surrounded by restaurants, studios, shops, and neighborhood activity. Property could immediately be used as an art gallery / studio or easily converted into a coffee shop, retail space, office, or potential live/work situation. The front 1,000 square feet currently functions as an art gallery with dramatic 13-foot ceilings, excellent lighting, and a clean / open layout. The building includes approximately $15,000 in upgraded lighting that includes dimmable fluorescents and LED cans, making it ideal for displaying artwork, retail products, or creating a polished office/studio environment. Ample space can be found in the backyard which features new sod and is also completely fenced in with 6 foot horizontal privacy fencing. The fence has a locking gate on one side going to the front and a second locking gate going to the parking lot. The parking lot is accessible from the alley in back. Majority of the structure was built new in 2017. Included at that time: New HVAC, roof, electrical, plumbing and windows. Recent updates include newly painted exterior, floors, walls, and fresh sod, all in 2026. The space looks fresh, clean, and ready for immediate occupancy. Previously used as the art studio and gallery of a well-known local painter. 2847 Central Avenue NE offers a rare combination of visibility, flexibility, character, and practical workspace. Come make your own masterpiece!

2847 Central Avenue NE, Minneapolis

Listing courtesy of Lifestyles.

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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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