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

$500,000
8 Beds 3 Baths 7087133 MLS
Incredible Investment Opportunity Just Blocks from U.S. Bank Stadium! This high-potential property is a standout addition to any investor’s portfolio or an ambitious buyer looking to build immediate equity in one of Minneapolis’ most active and rapidly growing areas. Perfectly positioned near the Downtown East corridor, major medical centers, light rail transit, restaurants, entertainment, and employment hubs, this property offers access to a strong tenant pool year-round. The Perfect First Investment (Live Rent-Free!): This is a phenomenal opportunity for an owner-occupied, first-time investor. By moving into one space and renting out the rest, you can easily tap into the power of "house hacking"—allowing you to live virtually rent-free while generating immediate cash flow to pay down your mortgage. Versatile Layout & Value-Add Potential: The flexible layout provides excellent rental potential and multiple living areas, including additional finished living space in the attic/third level that creates added usable square footage. Bonus Value-Add: The property features updated electrical panels in the basement, setting the stage perfectly for a future basement finish to add even more equity, square footage, or rental income! With a strong rental history, updated mechanical infrastructure, and long-term appreciation potential, this property delivers a rare combination of immediate income opportunity and future upside. Don’t miss your chance to own real estate in one of the city’s most vibrant, high-demand neighborhoods. Schedule your tour today!

1818 13th Avenue S, Minneapolis

Listing courtesy of Keller Williams Realty Integrity Lakes.

$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.

$574,900
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.

$549,900
3 Beds 2 Baths 7057200 MLS
Multiple offers have been received. The sellers are requesting all highest and best offers be submitted by 8:00 PM on Saturday, June 20th. Welcome to 5045 Morgan Ave S, a 3-bedroom, 2-bath home ideally situated in the heart of Lynnhurst just steps from Minnehaha Creek and its scenic trail system. Tucked between two dead-end streets, this unique pocket offers a rare "cul-de-sac feel" in the city with limited through traffic and a true neighborhood atmosphere. Just steps away, the Minnehaha Creek corridor opens into a beautiful park-like setting with open green space, walking trails, and the beloved Newton Avenue sledding hill—a neighborhood gathering place that adds to the area's unique sense of community and charm. Few locations offer this level of connectivity. Within a 5–10 minute walk, enjoy neighborhood favorites like Broders, Colita, and Nico's Taco Bar. And yes, Lake Harriet is just two blocks away as well. This is the exceptional combination of walkability, recreation, and everyday convenience that defines the Lynnhurst lifestyle. And don't forget the convenience of having both Burroughs Elementary and Mt. Olivet church just down the street. The home is extremely well maintained and offers a thoughtful blend of classic character and everyday functionality. A main-level sunroom provides additional light-filled living space, while the upper level includes a flexible bonus room ideal for a home office or nursery. Recent improvements include a roof replaced approximately four years ago, a boiler installed three years ago, and recently serviced A/C systems. A rare opportunity to own in one of Lynnhurst's most desirable locations with an exceptional combination of setting, condition, and lifestyle.

5045 Morgan Avenue S, Minneapolis

Listing courtesy of Keller Williams Realty Integrity Lakes.

$585,000
4 Beds 2 Baths 7090765 MLS
Beautifully remodeled Seward home where modern updates meet original charm. The open-concept main floor features hardwood floors and original woodwork, centered around a cozy gas fireplace in living room. The updated kitchen boasts quartz countertops, stainless steel appliances including a gas range with an exhaust hood, and a convenient breakfast bar. Thoughtful mudroom addition with ample storage and direct access to the professionally landscaped, fully fenced in backyard. The inviting patio area offers a private retreat for outdoor dining and relaxation. Charming front porch overlooks a tidy front yard, enhancing the home’s curb appeal. Recent upgrades span nearly a decade, including a new HVAC system, electrical panel and wiring, extensive insulation, and several bathroom remodels featuring a luxurious jacuzzi tub upstairs. The lower level has been fully transformed into versatile living space with a family room, dedicated exercise room, and a remodeled laundry room. Upstairs primary bedroom with walk-in closet and updated layout. Smaller bedroom includes knee-wall storage perfect for play or extra organization. Additional practical touches include a two-car detached garage equipped with an EV charger setup, new gutters, and freshly poured driveway and sidewalks. Walking distance to West River Parkway and convenient access to downtown Minneapolis, making it a perfect place to live and entertain.

2100 31st Avenue S, Minneapolis

Listing courtesy of RE/MAX Results.

$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.

$535,000
3 Beds 2 Baths 7082407 MLS
Nestled in the highly sought-after Diamond Lake neighborhood, this beautifully maintained brick-and-stone 1.5-story home blends classic charm with modern comfort. Lovingly cared for over the past 26 years, it offers over 2,300 finished square feet of inviting, flexible living space. Inside, you’ll find newly refinished hardwood floors, fresh paint throughout, abundant natural light from a large bay window, and a cozy gas fireplace that anchors the welcoming living room. The main level features a functional, flowing layout with a spacious dining area, an updated full bath, and two bedrooms, including a large primary with oversized his & hers closets. The generously sized kitchen showcases beautiful cabinetry, including pull-out pantry shelving, and new SS appliances (July 2025). A standout feature is the heated porch with vaulted ceiling, slate flooring, custom built-ins, and ceiling fan—an ideal addition to the home that accommodates a busy lifestyle. The upper level offers a private retreat with a third bedroom, full bath, and versatile space perfect for a home office or additional living area, supported by a dual-zone HVAC system offering year-round comfort on every level. The finished lower level adds even more flexibility with a family room, recreation or office space, new flooring, laundry and abundant storage. Step outside to a backyard designed for entertaining - featuring a large paver patio, outdoor speakers, professional Goalrilla basketball hoop, and fully fenced yard. A spacious two-car garage with upper-level storage and large driveway for additional parking is a major plus! Recent updates include a newer roof and skylight (Oct 2022), along with refreshed finishes throughout. Ideally located near Lake Nokomis, neighborhood parks, Kowalski’s Market, restaurants, shopping, and major commuter routes including I-35W and Hwy 62, this home offers both charm and convenience. Check it out today!

5605 Elliot Avenue, Minneapolis

Listing courtesy of Keller Williams Preferred Rlty.

$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.

$539,500
3 Beds 2 Baths 7083122 MLS
Beautifully maintained home on a fully fenced corner lot, featuring more than $160,000 in thoughtful upgrades completed by the current owner since purchasing in 2022. From the moment you arrive, every detail reflects exceptional quality, care, and pride of ownership. The lush lawn and irrigation system create a warm first impression. Step inside through either the front entry or mudroom and you’ll immediately appreciate the spacious open-concept layout and stunning statement kitchen designed for both everyday living and entertaining. Just off the kitchen, a wraparound deck overlooks the large private backyard — the perfect setting for gatherings, relaxing evenings, or outdoor play. The main level offers two bedrooms and a full bathroom, while the completely remodeled upper-level primary suite provides a peaceful private retreat. The bright lower level features new windows that fill the space with natural light, along with a custom gas fireplace that creates a cozy atmosphere for family time or entertaining. There is also excellent potential to add an additional bedroom and bathroom if desired. The crawl space has been professionally insulated and includes a vapor barrier, offering valuable extra storage space. Additional highlights include a newer garage equipped with a subpanel and Tesla EV charger. Move right in and enjoy, large Rainbow playset is included with the home!

5945 Russell Avenue S, Minneapolis

Listing courtesy of KILT Real Estate, LLC.

$550,000
5 Beds 3 Baths 7077839 MLS
See 3D Tour. Wow! You will fall in love with this move-in ready duplex for so many reasons! The location is so ideal - so walkable to so much, on the newly built, one way traffic Bryant Ave Bicycle Boulevard, and just a few minutes to Bde Maka Ska and the Minneapolis Chain of Lakes. You'll be far enough away from Lake Street, Lyn/Lake and Uptown to escape the noise and traffic, but close enough to be extremely convenient! Bryant Square and Painter Park are both just two blocks away. Sidewalk cafes & local fave eateries, coffee shops, diners and mom & pop shops abound within walking & biking distance. Catch a quick workout at the nearby Blaisdell YMCA. This location is simply ideal for so many reasons, and as they say - "location, location, location!" The house itself is quite amazing too! The two-level Main/Lower unit is 1887 finished square feet, with three bedrooms and two baths, a finished basement, open living & dining spaces, tall ceilings and huge windows. The kitchen has a beautiful center island, solid surface countertops, and custom oak cabinets with convenient pull-outs. The full bathroom has been fully modernized and the hardwood floors are stunning. You'll find a large front porch and two main level bedrooms too - one huge primary bedroom next to the dining room with THREE closets, and another next to the kitchen. Downstairs, you will enjoy a 3rd bedroom, a half-bath, a family room and an office, as well as a laundry room, an exercise room and a large storage space. The freshly renovated, 869 square foot upper level unit has its own laundry, beautiful hardwood & luxury vinyl plank flooring, a modernized kitchen & bath and two large bedrooms, in addition to plenty of storage space. The huge garage is 29 x 20 and has an upper level loft space for additional storage or you can even make it into a workshop or studio! This place has too many great features to list here, and it's ready for you to be the author of its next chapter. Whether you plan to rent out both units, enjoy having family or friends live with you but separately, or live in one unit and rent out the other, this place is great! Make an offer, move in soon, tune up your bike, enjoy the Summer in South Uptown and love where you live!!

3340 Bryant Avenue S, Minneapolis

Listing courtesy of RE/MAX Results.

$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.

$599,500
4 Beds 2 Baths 7069706 MLS
Nestled in the heart of Linden Hills — consistently ranked among Minneapolis's most desirable neighborhoods — this classic stucco duplex is a rare opportunity to plant roots in a community where everything you need is just steps from your front door. Stroll to the boutique shops, cozy cafes, restaurants, and local businesses that line 43rd Street and Upton Avenue, or spend your weekends exploring the natural beauty of Lake Harriet, Bde Maka Ska, and the chain of lakes parks that make this corner of the city truly special. Built in the late 1920s, this well-proportioned two-story home carries all the character and craftsmanship of its era — a gambrel roofline, stucco exterior, and not one but two fireplaces that give each unit a warm, welcoming feel. With generous living space spread across two thoughtfully laid-out floors, plus a full basement and detached garage, there's no shortage of room for everyone. Whether you're a savvy investor looking to **house hack** — live in one unit while your tenant helps cover the mortgage — or a multigenerational family wanting to keep loved ones close while maintaining independence, this property checks every box. Two full units, two full baths, and plenty of natural space to make it work on your own terms. And the location? It simply doesn't get better. Employment hubs, transit routes, top-rated Minneapolis schools, and everyday conveniences are all within easy reach, making this a home that works as hard as you do. Linden Hills isn't just a neighborhood — it's a lifestyle, and this property puts you right in the middle of it.

4415 Beard Avenue S, Minneapolis

Listing courtesy of LPT Realty, 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.

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Between $500K - $600K Minneapolis Real Estate

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