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

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.

$599,900

8 Beds ⋅ 3 Baths ⋅ 7068739 MLS

Don't miss this turnkey income-producing opportunity in the heart of Dinkytown, steps from the University of Minnesota campus. 806 and 810 6th Street SE are available together as a bundled package — including a shared 20-space parking lot — for a combined purchase price of $1,550,000. When fully occupied these investments have potential to produce combined annual gross income of $171,000 with additional income opportunity with parking and coin-op laundry. This is a cash-flowing asset in a market that virtually never sleeps. 806 6th Street SE is currently operating as a duplex with a clear path to triplex conversion — a value-add play that savvy investors will immediately recognize. Paired with 810 6th Street SE operating as a triplex, this package offers both immediate income stability and long-term growth potential in one of Minneapolis's most recession-resistant rental corridors. Please note that the sale of 806 will occur concurrently with 810 6th Street SE (MLS 7068805)

806 6th Street SE, Minneapolis

Listing courtesy of eXp Realty.

$549,900

9 Beds ⋅ 6 Baths ⋅ 7071556 MLS

Remarkable investment property in the heart of the Whittier neighborhood! This four-unit building has been updated throughout and features oversized units. All units feature updated kitchens and bathrooms, with original touches, and plenty of living and/ or dining room space. Buidling has been tastefully restored while allowing for new ownership to enjoy solid investment potential.

2021 3rd Avenue S, Minneapolis

Listing courtesy of Lakes Sotheby's International Realty.

$550,000

3 Beds ⋅ 2 Baths ⋅ 7039041 MLS

Incredible elevated views of Cedar Lake and the Minneapolis skyline set the stage for this exceptional opportunity at 2036 Cedar Lake Parkway. Tucked within a private enclave, this charming two-story shake-sided home offers a front deck overlooking the lake. Ideal for owner occupants or investors looking to renovate with significant upside. Special opportunity to live a stone’s throw from the Lake Point Park swimming beach! Reimagine the existing structure to capture premium resale value in one of Minneapolis’s most sought-after lakefront corridors. The current layout includes a main-level bedroom, bath, kitchen, and dining room, with two additional bedrooms and a ¾ bath on the upper level. Whether enjoying as is or renovating this premier location provides stunning sunrise views over the lake and endless potential to create a truly special home in an unbeatable setting. Seller will consider contract for deed.

2036 Cedar Lake Parkway, Minneapolis

Listing courtesy of Edina Realty, Inc..

$579,000

5 Beds ⋅ 3 Baths ⋅ 7052375 MLS

Rare opportunity to own a highly unique piece of Minneapolis history — this 1908 triplex at 3024 Chicago Avenue has been held by the same family since it was built, now offered to the public for the very first time. 3024 offers two spacious 2BR/1BA units and a studio attic, featuring hardwood floors, natural woodwork, built-ins, and three porches. Included with the sale is the fully renovated carriage house ADU at 3026 Chicago Avenue (same parcel) — a private turnkey 1BR/1BA home with a beautiful modern kitchen, in-unit washer/dryer, and furniture which is included in the sale as well. 3026 was previously rented at $2,100/month. An ideal setup for an owner-occupant seeking added privacy or an investor looking to maximize returns across multiple income streams. Recent combined current rents of $5,600/month with market upside. Great location just blocks from Abbott Northwestern and Children's Hospitals, with easy access to I-35W, Midtown Global Market, and the Lake Street corridor. Fast connections to Downtown Minneapolis and Mall of America via the D Line Rapid METRO. Owner currently pays all utilities. Four off-street parking spaces. Coin-op laundry. Strong in-place cash flow with clear rent upside — a true value-add opportunity in a high-demand rental submarket. All measurements deemed reliable but not guaranteed; buyer to verify.

3024 Chicago Avenue, Minneapolis

Listing courtesy of MRG Realty Partners, LLC.

$569,900

5 Beds ⋅ 4 Baths ⋅ 6812015 MLS

This Multi-Family 4-Plex on Lyndale Avenue offers an 899 sq ft finished attic with potential to convert into a 5th unit (requires kitchen addition). Note: converting to a 5th unit changes the property status from residential to commercial with the City of Minneapolis. Zoned CM2 ("Corridor Mixed Use District"), this property is ideal for exploring small business opportunities on the first level while maintaining residential units above. Buyers must verify all City regulations and requirements. A new rear staircase was completed in July of 2025. The largest unit, over 1,100 square feet, includes two bedrooms and an office. It features hardwood floors, high ceilings, built-ins, and both front and rear entrances. A single-car garage provides added convenience. All units are on a month-to-month lease, allowing flexibility for the new owner. Exceptional property with endless potential — don't miss out!

2507 Lyndale Avenue S, Minneapolis

Listing courtesy of Coldwell Banker Realty - Lakes.

$549,900

7031402 MLS

Excellent investment or owner-user opportunity at 3201 N 3rd St. This multi-level commercial office building offers approximately 6,336 square feet of space on a 0.16-acre corner lot, providing strong visibility and accessibility in North Minneapolis. The property features multiple private offices and flexible workspace layouts on the main level, second floor, and lower level, accommodating a variety of professional or service uses. The main floor includes several office rooms and a kitchenette. The lower level offers larger, open rooms ideal for storage, meeting space, or additional workspace. The building also has approximately 15 parking spaces, making it convenient for employees and visitors. Positioned near major transportation routes and public transit, the property offers convenient access throughout the Minneapolis–Saint Paul metro area. Zoned OR1 (Neighborhood Office Residential) with adjacent R4 multi-family zoning, the site offers potential flexibility for office, mixed-use, or redevelopment opportunities, subject to city approvals. This is a great opportunity for investors, business owners, or developers seeking a well-located property with strong potential and versatile use options.

3201 N 3rd Street, Minneapolis

Listing courtesy of Market Homes Realty.

$524,950

4 Beds ⋅ 3 Baths ⋅ 7029062 MLS

Perfectly situated between King Field and East Harriet, you'll find the duplex that you've been waiting for. It is an exceptional opportunity for an owner to occupy one level while renting out the other. For the savvy buyer, this property has the potential to become a triplex. Each unit boasts a private entrance that leads to a roomy living space with a full kitchen including stainless appliances. You'll look for reasons to entertain in the open floor plan, which features inviting, dedicated living and dining rooms. Spread out and enjoy your privacy with 2 spacious bedrooms and a full updated bathroom with tile. You'll love the oversized 2 stall garage with ample storage space. The fenced backyard is a hidden oasis offering a beautiful stone fire pit, rock and concrete patio and landscaping and climbing vines for a touch of greenery. Your backyard is a low maintenance, fabulous destination. Both units have been updated and each offers its own personality. The main floor entrance is a stunning 3 season porch while the upper level is a newer deck and stairs, each giving you an additional place to relax. Welcome home!

3917 Garfield Avenue, Minneapolis

Listing courtesy of RE/MAX Advantage Plus.

$534,000

4 Beds ⋅ 3 Baths ⋅ 6784451 MLS

Upper-level unit of a classic Lowry Hill two-unit condo building. Stately brick and stucco exterior on corner lot. New roof in 2024. Southwestern exposure in the main living spaces provide a bright and airy feel. You are welcomed into a large living room with hardwood floors, woodburning fireplace, leaded glass built ins and crown molding. Sunroom with three sides of windows. French doors lead into the formal dining room with board and batten walls, glass fronted built in and box beamed ceiling. Kitchen is neutral and clean. Flat fronted, ivory cabinets with modern pulls, butcherblock counters and commercial style faucet. Gas range and stainless steel refrigerator, microwave and dishwasher. Access to 30' x 10' private deck, overlooking the neighborhood towards Mount Curve. Deck redone in 2023 and features plumbed, gas line grill. There is also access to rear stairs to lower level and two car garage. Main level also features a large primary suite with private three-quarter bathroom, second bedroom and full hall bathroom with original tile. Upper level is partially vaulted to take advantage of the roofline. Spacious family with woodburning fireplace and skylight. Laundry closet with newer washer and dryer. Full hall bathroom with soaking tub and separate shower. This level also features a third bedroom and a legal fourth bedroom, which is not counted, as it is currently fitted out to be a walk-in closet. Heat is included in HOA fee. Lower level has a common utility room and private 15' x 7' storage area. Only six blocks to the Walker Art Center and Sculpture Garden. Easy access to highways, bus routes, shopping, restaurants, and parks.

1222 Douglas Avenue, Minneapolis

Listing courtesy of Coldwell Banker Realty - Lakes.

$575,000

6 Beds ⋅ 4 Baths ⋅ 6825659 MLS

Discover an exceptional opportunity to live in Kenwood Lowry Hill, Minneapolis’ most exclusive and architecturally distinguished neighborhood, at a price point that is rarely available. This beautifully maintained two-level condominium occupies the second and third floors of a professionally condoized triplex and offers nearly 3,800 square feet of finished living space with an additional 1,000-plus square feet of unfinished area on the upper level that provides remarkable potential for future expansion. The main living level features two separate entryways, front and rear, and includes three generous bedrooms, two full bathrooms, an updated kitchen, gleaming hardwood floors, abundant natural light, walk-in closets, an inviting fireplace, and a large three-season porch that extends the living space year-round. The upper level is accessed through the rear stairway and includes three additional bedrooms, a full bathroom, an updated kitchen, hardwood floors, and direct access to the unfinished space that could be transformed into a large primary suite, studio, office, rec space, or redesigned to fit a future owner’s needs. The layout is ideal for guests, extended family, nanny quarters, studio use, or supplemental rental income while remaining compliant with city requirements. Shared amenities include garage access, basement storage, laundry, and a thoughtfully designed common area including a workout room with equipment. With its unique two-level configuration and rare expansion possibilities, this residence offers owner-occupants the opportunity to live in Kenwood Lowry Hill while offsetting monthly expenses through flexible use of the upper level. Contract for deed terms are available. This is a truly uncommon chance to enjoy the beauty and prestige of Kenwood Lowry Hill with versatility and future potential that simply does not exist in other listings.

1721 Humboldt Avenue S, Minneapolis

Listing courtesy of Compass.

$549,900

3 Beds ⋅ 4 Baths ⋅ 6810482 MLS

A rare opportunity to live in the heart of Uptown within this corner-unit townhouse. One of just six beautifully constructed homes boasting an upscale open floor plan, spacious bedrooms, exclusive natural lighting, high-end finishes, gas fireplace, private 2-car garage and gorgeous landscaping. Perimeter fencing provides additional safety as well as privacy for the rear patio. Just blocks off Lake and Hennepin, walk to the Lakes, Greenway, Shops, Restaurants, and Bars! Includes a new 2025 furnace, water heater and roof <5 yrs old, hardwood floors, laundry room, and new carpeting. Truly a well-maintained, zero hassle gem that will provide pride of ownership and a great lifestyle.

3014 Emerson Avenue S, Minneapolis

Listing courtesy of Gold Group Realty, LLC.

$500,000

6 Beds ⋅ 6 Baths ⋅ 6783249 MLS

Turnkey investment with upside potential! This cash-flowing 5+ unit apartment building delivers reliable income with historically low vacancy and strong rental demand in the area. All units are 1-bedrooms that have been updated with modern kitchens, bathrooms, and flooring—reducing maintenance costs and attracting quality tenants. A flexible studio in the basement provides additional opportunity: it was previously part of a 2BR/2BA unit and, with city approval, could become a 6th legal unit to further increase returns. Recent capital improvements include a new water heater, newer boiler, and surface parking for tenants in the back. Seller will contribute 1% towards a buyer’s interest rate buy-down with an acceptable offer—enhancing your cash flow from day one!

3311 Fremont Avenue N, Minneapolis

Listing courtesy of Edina Realty, Inc..

$569,900

10 Beds ⋅ 4 Baths ⋅ 6716701 MLS

3012 Bryant Ave S is a 4-plex multifamily property located in the heart of Uptown in Minneapolis. With a Walk Score of 96 and strong transit access, this property sits in one of the city's most connected neighborhoods, just blocks from Bde Maka Ska and Lake of the Isles. Lakeside trails, dining, retail, and nightlife are all within easy reach. The building offers a desirable mix of 2-bed and 3-bed layouts ranging from approximately 900 to 1,000 square feet. Units feature hardwood floors, generous closet space, and upper-floor porches, with updates made to kitchens and baths. Tenants are responsible for their own electricity and cooking gas, lowering owner operating costs. Outside, a fenced backyard provides shared green space for tenant's enjoyment. The parking lot accommodates four deep parking spots with room for tandem parking, which is a meaningful amenity in a high-demand rental submarket where off-street parking adds real competitive value.

3012 Bryant Avenue S, Minneapolis

Listing courtesy of MRG Realty Partners, LLC.

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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.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.

Between $500K - $600K Minneapolis Real Estate

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

Between $500K - $600K Minneapolis Real Estate

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