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

$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.

$469,900
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.

$409,900
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.

$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.

$460,000
2 Beds 2 Baths 7071940 MLS
Enjoy the excitement of urban living in the heart of the Mill District. This bright, modern 2 bed 2 bath residence at Bridgewater Lofts offers nearly 1,500 square feet of well-designed living space. Hardwood floors run throughout the main living area and a wall of windows floods the space with natural light. The generous floor plan offers an open concept layout with great sightlines throughout and a spacious kitchen with custom lighting. The primary suite includes a large walk-through closet and ensuite bath with separate tub & shower. You'll love the peaceful courtyard / treetop views that add a welcome sense of calm. The second bedroom is generously-sized and perfectly suited for a home office and/or guest room. Bridgewater offers its residents an array of first-class amenities including a rooftop deck with pool and hot tub (and amazing skyline views), fitness center, renovated community room with full kitchen, conference room, and library, plus an active community with various clubs and activities. Enjoy secured, heated parking for two vehicles along with a storage locker. HOA dues cover virtually everything - utilities, cable, internet, parking, and amenities, with electricity as the only exception. Situated on Gold Medal Park just steps from the beautiful riverfront, Farmers Market, Trader Joe's, Guthrie Theater, US Bank Stadium, and wonderful dining, this is Mill District living at its best!

215 10th Avenue S Unit 207, Minneapolis

Listing courtesy of eXp Realty.

$499,999
1 Beds 2 Baths 7063327 MLS
Welcome to 2929 Chicago #1500, a FULL floor condo in the historic Midtown Exchange building, believed to have the LARGEST private rooftop terrace space in all of Minneapolis! 1580 square feet of living space in this soaring penthouse unit with 360 degree City skyline views at every turn. Exposed brick, custom architectural elements, sprawling 14’ ceilings and designer finishes abound. Living room features custom-built entertainment center/library space, liquid fireplace and modern light fixtures. Main dining area showcases gorgeous hardwood floors, stunning light installation, and wine bar with custom quartz slab. Custom office alcove makes working from home a breeze, with additional loft space - perfect for reading nook or additional storage. Main bedroom opens to private patio entrance, and features bathroom ensuite with ceramic tile and walk-in shower. In-unit laundry alongside tailor-made California walk-in closet space. This unit has a private elevator from the 12th floor, only accessible by the #1500 unit owner for added privacy and security. The real showstopper is your private patio that wraps THREE FULL LENGTHS of the unit, with sprawling, second-to-none views overlooking Downtown and all of South Minneapolis. Building ammenities include resident fitness room, media/theatre area, community room with grilling/seating, and bike storage. You’ll find the Global Market on first floor with cuisine, shops, brewery and more - all accessible year-round. **Unit includes two underground, heated parking spaces with electric vehicle charger.** This is an absolute must-see property you truly need to experience for yourself. Experience the ease of condo living with an outdoor space that truly sets this home apart from anything else on the market, all in the heart of South Minneapolis!

2929 Chicago Avenue Unit 1500, Minneapolis

Listing courtesy of BRIX Real Estate.

$450,000
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.

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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.

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