Madison Homes under $350,000

Welcome to Madison, Minnesota – a charming city nestled in the picturesque Lac qui Parle County. Known for its rich history and vibrant community spirit, Madison offers a perfect blend of small-town charm and modern amenities. With its stunning landscapes, friendly residents, and a strong sense of community, it’s no wonder that Madison is an ideal place to call home.

For those seeking affordable housing options, Madison boasts a variety of homes under $350,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, you’ll find a range of properties that cater to diverse needs and lifestyles. From cozy single-family homes with spacious yards to charming townhouses, the real estate market here provides plenty of opportunities to find your dream home without breaking the bank.

Madison is also home to several parks, recreational facilities, and a vibrant downtown area filled with local shops and eateries. The community hosts various events throughout the year, fostering a welcoming atmosphere that makes it easy to connect with neighbors and make lasting friendships.

With its excellent schools and access to outdoor activities, including fishing, hiking, and biking along the scenic trails, Madison is not just a place to live; it’s a place to thrive. If you’re looking for an affordable home in a community that values connection and quality of life, Madison, MN, is the perfect destination for you! Come explore all that this delightful city has to offer!

Newest Madison Homes under $350,000

$94,500

3 Beds ⋅ 2 Baths ⋅ 7148970 MLS

Great Location & Move-In Ready Updates! This charming stucco home offers a welcoming layout, plenty of space, and numerous recent updates. Enjoy the large enclosed front porch surrounded by windows—an ideal spot for morning coffee, relaxing, or creating a warm and inviting entryway. Step inside to a spacious living room with plenty of room for entertaining or creating a comfortable gathering space. The main floor features a bedroom with convenient laundry located in the bedroom closet, which could also make this room a great home office. The kitchen offers beautiful oak cabinets, ample storage, and plenty of room for a kitchen table. The spacious living area could also accommodate a separate dining area. The home offers 3 bedrooms and 2 bathrooms, with one bedroom on the main level and two additional bedrooms upstairs. Both bedrooms offer large closets One features a very large walk-in closet that could also be used as a nursery, office, or additional flex space. A full bathroom is conveniently located on each level, with a shower on the main floor and a bathtub upstairs. Numerous updates have been completed in spring 2026, including all-new vinyl double-hung windows throughout the home and new PEX plumbing throughout the entire house. And new sewer to street from house in 2023. The backyard offers a storage shed and plenty of room for a future garage. A great combination of character, practical updates, flexible living space, and a convenient location— come see all this home has to offer!

417 Western Avenue, Madison

Listing courtesy of Peterson Team Realty.

$158,500

2 Beds ⋅ 2 Baths ⋅ 7126156 MLS

This wonderful 2 bedroom, 2 bath home is ready to move into. There are so many extras to this property. There is a front porch to sit and enjoy the sunrise. The back enclosed porch is wonderful for the afternoon - evening. There is a bonus workshop/craft room/whatever room! There is a shed that will stay with the property. The 2 car detached garage is steps from the back door. Don't miss this one - call for a showing.

209 3rd Avenue, Madison

Listing courtesy of Dahle and Olson Realty Company.

$79,500

3 Beds ⋅ 1 Baths ⋅ 7113554 MLS

3 bed 1 bath home located on a corner lot, offers a 2 stall garage which is New in 2024. Open stairway that offers a stair elevator chair, this of which may be removed. The lot to the east with the shed Does Not belong with this property. Newer furnace and offers central air. New shingles in 2024. There is a reading room/office space with french doors. This is a well priced home so why rent? When you can own!

304 E 4th Street, Madison

Listing courtesy of Peterson Team Realty.

$109,900

3 Beds ⋅ 1 Baths ⋅ 7111761 MLS

THIS IS A BEAUTIFUL CENTURY OLD HOME LOCATED NEAR HOSPITAL. THE HOME HAS SUCH BEAUTIFUL FEATURES IT IS CLEAN AND READY FOR YOU TO MAKE IT YOUR OWN! AS YOUR OWN HOME, INTERIOR FURNISHINGS WILL BE NEGOTIABLE, THIS HOME OFFERS 3 BEDROOMS AND 1 BATHROOM. BEAUTIFUL HARD TO FIND WOOD WORK!! HARDWOOD FLOORS UNDER CARPET. OPEN STAIR CASE. NEW WATER HEATER. OFFERS CENTRAL AIR AND FORCED AIR FURNACE. SUPER SWEET FRONT ENTRY PORCH THAT LETS IN THE LIGHT CAN BE USED 3 SEASONS. ALL WINDOWS UPSTAIRS ARE NEW AND CAN BE CLEANED FROM THE INTERIOR. CALL TO VIEW! OWNER WILL CONSIDER A CONTRACT FOR DEED WITH A GOOD DOWN PAYMENT.

821 3rd Avenue, Madison

Listing courtesy of Peterson Team Realty.

$119,900

3 Beds ⋅ 2 Baths ⋅ 7100213 MLS

ONE LEVEL HOME WITH 3 BEDROOMS AND 2 BATHROOMS, ATTACHED 1 STALL GARAGE, BACK PATIO AND STORAGE SHED, VERY PRIVATE BACK YARD WITH A LIVE FENCE! THE WHOLE HOUSE INTERIOR HAS BEEN FRESHLY PAINTED. THE BATHROOM OFFERS NEW FLOORING AND A LIGHTED VANITY MIRROR. BEDROOMS ALL OFFER A VERY NICE SIZE. IN THE BASEMENT YOU WILL FIND A TILED SHOWER 3/4 BATH. FAMILY ROOM OFFERS A GAS FIREPLACE, SPACIOUS AND COMFORTABLE. THE HOUSE HAS SEPARATE HEATING ZONES AND THE GARAGE TOO HAS ELECTRIC HEAT. ROOF WAS RESHINGLED IN 2015 MOSTLY NEW WINDOWS THROUGHOUT.

316 W 2nd Street, Madison

Listing courtesy of Peterson Team Realty.

$170,000

2 Beds ⋅ 3 Baths ⋅ 7095526 MLS

Welcome to this move-in ready Madison home! Offering the convenience of main-floor living, this beautifully maintained home combines modern updates, a practical layout, and far more finished living space than meets the eye. The main level features a spacious living room, an open kitchen and dining area with additional counter-height seating, two generously sized bedrooms, a full bath, an updated half bath, and a convenient laundry area. Step outside through the patio door to enjoy the partially fenced backyard and large deck, perfect for summer BBQs, entertaining friends, or enjoying your morning coffee. The lower level expands the living space even further with a massive family room complete with a built-in bar area, making it an ideal gathering spot for game days, movie nights, or hosting guests. You'll also find abundant storage, a utility room, and two additional non-conforming bedrooms that offer flexibility for a home office, hobby room, or guest space. A second detached garage provides valuable extra storage or additional parking. With its spacious interior, thoughtful updates, and versatile living spaces, this home is ready for its next owners. Schedule your private showing today!

416 8th Avenue, Madison

Listing courtesy of New London Real Estate, Inc..

$229,900

4 Beds ⋅ 3 Baths ⋅ 7086488 MLS

Beautifully restored, 4-bedroom Victorian home, located on a corner lot in Madison! This home offers an original, natural lit front porch, perfect for your morning coffee or exercise routine! As you enter the home you'll see the beauty in the original woodwork, a formal living & dining area with beautiful oak built in hutches & book shelves, high ceilings, a large kitchen with an option for additional seating, 6 panel oak doors, beautiful original woodwork throughout the home! This home also offers a newer addition sunroom/hot tub room off the back of the home, main floor laundry, a maintenance free exterior, 3 year old shingles, newer vinyl windows, a newer boiler system, a wonderful patio to enjoy your evenings outside, beautiful perennial flower gardens and a detached 2 stall garage. The lower level offers additional space for a TV or rec/game room. This spacious, unique home is a must-see! call us today to schedule a showing!

403 1st Avenue, Madison

Listing courtesy of Kuhlmann Real Estate, Inc..

$79,500

1 Beds ⋅ 1 Baths ⋅ 7084703 MLS

Income property! This home could be used as your residence with either the upper or lower being rented out to another party. The upstair apartment is very nice with a rear entrance large kitchen, living, dining area, full bathroom, laundry room and 2 bedrooms! The main floor has 1 Bedroom and a newly remodeled bathroom. Living, Dining and Large kitchen, its own laundry room! The shingles and siding are just 2 years old! This could be a wonderful income property! With the added income of the additional rental option! There is a partial fence in the rear and yard. 2 Apartment building. Over/Under. Each has their own entrance. THE WAY IT SITS NOW IS MAIN FLOOR IS THE OWNER THE TOP RENTAL IS NOW VACANT, ON PURPOSE FOR THE SALE. THE OWNER TAKES CARE OF UTILITIES AND RENTS OUT THE UP APARTMENT FOR 800 MONTH. THE UTILITY EXPENSES ARE WATER, SEWER, ELECTRICITY, AND GARBAGE ARE ALL ON ONE BILL. THE GAS FOR HEATING IS SEPARATE, AND IS ESTIMATED. WILL PROVIDE MORE ACURATE INFORMATION IF YOU ARE AN INTERESTED PARTY.

617 W 3rd Street, Madison

Listing courtesy of Peterson Team Realty.

$119,900

4 Beds ⋅ 2 Baths ⋅ 7082582 MLS

Spacious 4-bedroom, 2-bath split-level home located on a desirable corner lot in a great part of town! The upper level features 2 bedrooms and a full bath, along with a large living room filled with natural light and a spacious kitchen offering abundant cabinet space and a wrap-around breakfast island perfect for gathering and entertaining. The lower level includes 2 additional bedrooms, a second bath, a comfortable family room, and a large utility/laundry room with plenty of extra storage space. Enjoy the oversized garage with room for vehicles, tools, and hobbies. With just a little cosmetic updating, this home offers incredible potential and the opportunity to make it your own.

404 E 3rd Street, Madison

Listing courtesy of Peterson Team Realty.

$149,900

1 Beds ⋅ 1 Baths ⋅ 7034458 MLS

SOMEONE IS GOING TO LOVE THIS UNIQUE SHED-DO-MINIUM AND LOCATION! SMALLER HOME WITH A WONDERFUL HEATED AND FINISHED 2 STALL GARAGE, GARAGE OFFERS A FLOOR DRAIN AS WELL. THIS PLACE IS HIDDEN BEHIND LIVE AND WOOD FENCE. OUTSIDE OF CITY LIMITS--RIGHT ON THE EDGE! THIS HOME HAS A PRIVATE WELL WITH NEW PUMP, AND SEPTIC. ALSO OFFERS NATURAL GAS! KITCHEN AND LIVING ROOM IN ONE PORTION AND THE BATH AND BEDROOM IN THE SOUTHERN PORTION. GREAT STORAGE SPACES IN BETWEEN THE AREAS. PUT UP SHELVING, OR ENCLOSE IF YOU WISH. HEATING UNITS ARE DIRECT VENT NATURAL GAS. WATER IS HEATED ON DEMAND. QUALITY KINETICO WATER TREATMENT/SOFTENER. THIS HOUSE IS UNIQUE TO THE CURRENT OWNERS LIKING, KEEP IT THIS WAY OR MAKE THE CHANGES YOU WOULD LIKE FOR YOURSELF. DURING THE BUILDING OF THIS HOME THE OWNER HAS INSTALLED AN ABUNDANCE OF INSULATION ALL AROUND! NICE QUALITY APPLIANCES. ADDITIONAL PICTURES COMING SOON!

2493 231st Avenue, Madison

Listing courtesy of Peterson Team Realty.

$199,000

3 Beds ⋅ 3 Baths ⋅ 7008624 MLS

WONDERFUL CEDAR SIDED HOME ON A CORNER LOT RIGHT ACROSS FROM THE PARK/SWIMMING POOL. THE HOME HAS ALL SHEET ROCKED WALLS. MAIN FLOOR LAUNDRY AND NEWLY ADDED MAIN FLOOR BED AND BATHROOM. WHICH IS HANDY CAP ACCESSABLE. UPSTAIRS OFFERS 2 BEDROOM AND A BATHROOM. PARTIAL FINISHED BASEMENT. THE GARAGE IS HEATED AND INSULATED AND OFFERS A VERY LARGE UPSTAIRS THAT COULD BE USED FOR MANY DIFFERENT USES, EXTERIOR STAIRWAY. A BACK YARD GARAGE/STORAGE SHED, AND WONDERFUL LANDSCAPING! PATIO AND FRONT COVERED PORCH. THE BASEMENT OFFERS A FINISHED ROOM THAT WOULD BE GREAT FOR A WORK OUT ROOM! SHOWER IN BASEMENT. CANNING ROOM IN BASEMENT. GREAT PLACE FOR FREEZERS ETC. THIS HOME OFFERS REAL WOOD BEAMS AND WOOD CIELINGS THOSE OF WHICH ARE VERY BEAUTIFUL! MAIN FLOOR BEDROOM OFFERS AND ON SUITE 3/4 BATH, THAT IS ACCESSABLE WITH OUT GOING THROUGH THE MASTER BEDROOM. VERY MUCH A MOVE IN READY AND UPDATED HOME!

806 1st Avenue, Madison

Listing courtesy of Peterson Team Realty.

$270,000

4 Beds ⋅ 2 Baths ⋅ 7000450 MLS

Up to date and well cared for home describe this home perfectly. Starting with new shingles in 2024, new furnace and A/C, Siding and windows replaced in 2020. Heat-n-Glo fireplace in 2023. Main floor bath has a new Onyx walk-in shower and bathroom basement has a tile shower. This neighborhood is great with front and back street(alley) being a tar streets. This home has a huge great room that opens from the kitchen - giving you so much room to entertain or enjoy family time. The basement has lots of storage and rooms to finish off as you wish. The back yard has a fenced in patio area accessible by your maintenance free deck. This is a must see - call for a showing.

842 Western Avenue, Madison

Listing courtesy of Dahle and Olson Realty Company.

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