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

$549,000
7056708 MLS
Rare Southwest Minneapolis development opportunity at 5020 Xerxes Ave S. This 42’ x 128’ paved commercial lot (approx. 5,376 SF) offers exceptional potential in one of Minneapolis’ most desirable urban neighborhoods. Currently utilized as a parking lot, the site presents a clean, redevelopment-ready footprint with no structural demolition required, creating immediate appeal for developers seeking a faster path to entitlement and construction. Positioned just steps from West 50th Street transit connections, the property enjoys excellent accessibility via Metro Transit Routes 36 and 46, with direct service north to Uptown and south to Southdale and surrounding employment centers. The lot is ideally suited for its highest and best use as boutique mixed-use, live/work, small multifamily, or premium residential infill, subject to zoning verification with the City of Minneapolis zoning maps. The surrounding corridor supports a vibrant blend of neighborhood retail, office, and residential uses, making this a compelling opportunity for a 2–3 story mixed-use concept with street presence and upper-level residential units. Located in a highly walkable Southwest Minneapolis node near neighborhood services, retail, dining, and established residential demand, this is an ideal acquisition for a local infill developer, boutique builder, or owner-user investor seeking a strategic foothold in a supply-constrained market.

5020 Xerxes Avenue S, Minneapolis

Listing courtesy of Keller Williams Realty Integrity Lakes.

$539,000
5 Beds 3 Baths 7027407 MLS
Turnkey Modern Living & Strategic Investment in Armatage Perfectly positioned near Linden Hills, Edina, and the Chain of Lakes. Discover the rare opportunity to own a fully renovated side-by-side duplex in one of Minneapolis’s most consistently desirable neighborhoods. Whether you are a savvy house-hacker looking to live for less or an investor seeking a high-performing asset, this property is designed to excel. Move-In Ready & Fully Renovated This is the most updated duplex on the block. Interiors have been completely modernized, ensuring a contemporary feel that appeals to high-quality tenants and offers you immediate comfort. Exterior Peace of Mind The sellers have invested heavily in the property's long-term health, featuring a new concrete front path, steps, and sidewalks, paired with professional re-grading for superior water management. Modern Comfort & Efficiency Enjoy the convenience of new central AC systems for both units—a premium feature that enhances tenant retention and your personal quality of life. The Southwest Minneapolis Lifestyle Southwest Minneapolis is one of the city's most coveted communities, known for its unique balance of urban sophistication and peaceful residential charm. Residents enjoy unbeatable access to the Chain of Lakes (Harriet, Bde Maka Ska, Cedar Lake) and the Grand Rounds Scenic Byway for year-round recreation. You’ll be just moments from vibrant neighborhood hubs like Linden Hills and 50th Street, featuring independent cafes, boutique shopping, and acclaimed dining. With strong school access, community engagement, and consistent appreciation, this is an incredibly smart place to plant your roots. Don’t wait to secure this prime, turn-key duplex. Schedule your private showing today!

5725 Xerxes Avenue S, Minneapolis

Listing courtesy of Coldwell Banker Realty - Lakes.

$574,900
3 Beds 3 Baths 7031370 MLS
This is a must-see! Absolutely stunning home with amazing quality upgrades throughout. Beautiful built-in cabinetry, excellent woodwork, modernized yet celebrating some of the original appeal. Superb insulation and a newer, more efficient heating system. The open main floor plan benefits from the large windows. You’ll benefit from the efficient use of space – and when you want to relax, you’ll love the lower-level steam shower room! Or perhaps you’ll choose unwinding in the living area, enjoying the sound system wired throughout the home. The 3rd Bedroom/guest quarters in the pull-down loft area is both spacious and charming! Ideal for a bedroom, but also a great study or hobby room! Some of the additional features: -Primary bedroom walk-in closet with built-in dressers -Zoned residential/commercial -2 gas fireplaces with stone surround -Storage, storage, storage! -Whole-house audio system -Over 50 dimmer switches throughout home -Cedar closet in basement -Stunning chandeliers and antique light fixtures -Spray foam insulation keeps heating and cooling bills low -2 year-old Roof with 15- year material and labor warranty -Central heating and cooling throughout home -1 spa bathroom; 2 marble bathrooms -9x15 workshop/ she shed with tongue and groove throughout. This is an excellent location for all City activities; walking, biking, trails, and lakes all available within minutes. Excellent location with convenient access to the bus line - with connection to the light rail to the airport. So many features! A wonderful home in a superb location! On-street parking right now, and the seller is working with the City to open a driveway on the property. Taxes reflect veterans’ exemption. Workshop is T&G finished outbuilding. The LL flexroom is used as a BR, has a nice window, but is not considered legal egress.

3801 Lyndale Avenue S, Minneapolis

Listing courtesy of Sandelands Realty.

$559,000
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. 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.

$524,900
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. 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, and the unit may also be leased in its entirety for $5,000 per month. 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.

Between $500K - $600K Minneapolis Real Estate

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