Minneapolis Homes under $400,000

Welcome to Minneapolis, the vibrant heart of Minnesota, where the charm of the Midwest meets a dynamic urban lifestyle! Nestled in Hennepin County, this bustling city is renowned for its beautiful lakes, lush parks, and a rich cultural scene that invites exploration and enjoyment. With a diverse population and a thriving economy, Minneapolis offers something for everyone—whether you’re an outdoor enthusiast, a foodie, or an art lover.

For those looking to find their dream home without breaking the bank, Minneapolis boasts an impressive selection of homes priced under $400,000. This makes it an ideal market for first-time buyers, families, or anyone looking to invest in a community that values quality of life. From cozy bungalows in charming neighborhoods to modern townhomes with easy access to public transit, there’s a wide variety of options to suit your style and budget.

Living in Minneapolis means you’ll have access to an array of amenities, including top-rated schools, diverse dining options, and an active nightlife. The city is also home to numerous festivals and events throughout the year, celebrating everything from art and music to food and culture. With a strong sense of community and a commitment to sustainability, Minneapolis is not just a place to live; it’s a place to thrive.

Explore the possibilities of owning a home in this dynamic city, where affordability meets opportunity. Your dream home in Minneapolis awaits!

Newest Minneapolis Homes under $400,000

$199,900

4 Beds ⋅ 2 Baths ⋅ 7155559 MLS

Fantastic investment opportunity in North MPLS! This duplex offers a spacious floor plan. Each unit comes with two bedrooms and one bathroom. New flooring throughout the units and all-new appliances. New sliding pocket door in one upper-unit bedroom. Exterior work includes painted exterior siding, front porch, and installed wooden fence around the back yard. Property is being sold strictly in as-is condition. Buyer to assume any city escrow or any Truth-in-Housing required repairs.

2802 Girard Avenue N, Minneapolis

Listing courtesy of North Coast Realty.

2739 Girard Avenue S Unit 304, Minneapolis

$99,900

1 Beds ⋅ 1 Baths ⋅ 7162323 MLS

Welcome to this bright and inviting condo in the heart of South Minneapolis! Ideally located just blocks from the lakes, scenic trails, coffee shops, restaurants, and all that this vibrant neighborhood has to offer. This well-maintained unit offers comfortable living with the convenience of a private storage locker, guaranteed off-street parking, and secure bike storage in the lower level. Enjoy easy access to the outdoors and the best of city living right outside your door. The building is connected to USI Fiber Internet, and heating is included in the HOA fee. With a fantastic location and so much to explore nearby, this is a wonderful opportunity to own in one of Minneapolis' most desirable neighborhoods. Come see it for yourself!

2739 Girard Avenue S Unit 304, Minneapolis

Listing courtesy of Coldwell Banker Realty.

$364,900

3 Beds ⋅ 2 Baths ⋅ 7158919 MLS

Welcome to this charming home in the sought-after Armatage neighborhood of Southwest Minneapolis, lovingly cared for by the same owners for 60+ years! With over 1,500 finished square feet, this home offers plenty of space to spread out and make it your own. The main level features a spacious living room, kitchen, three bedrooms, and a full bathroom. Head downstairs to find a comfortable family room, perfect for movie nights, entertaining, or simply relaxing. An additional finished room offers flexibility for a home office, workout space or potential fourth bedroom. The lower level also includes a second bathroom, laundry area, and plenty of storage space. Outside, enjoy the backyard and deck, along with an oversized two-car garage featuring an attached 12x14 workshop, ideal for hobbies, projects, or extra storage! A roof less than five years old adds peace of mind, while the home's well-maintained condition provides a great opportunity to add your own personal touches. All of this in a fantastic South Minneapolis location with the charm and convenience of the Armatage neighborhood!

5904 Queen Avenue S, Minneapolis

Listing courtesy of Edina Realty, Inc..

$379,900

2 Beds ⋅ 3 Baths ⋅ 7154153 MLS

Sunlight, space, and the North Loop at your doorstep! This top-floor, west-facing corner unit at River Station is wrapped in windows, filling the entire home with natural light all day, and warm golden light every afternoon and evening all the way to sunset. Step out onto the private balcony for views of the downtown skyline, and on game nights, catch the Target Field fireworks after a Twins win. With 1,352 square feet, two bedrooms, and three bathrooms, the two-level layout is a rare find in the North Loop. The upper level is open and bright, with a spacious kitchen at the heart of the home that flows right into the living and dining areas. Downstairs, the bedrooms are tucked away for true separation: a massive primary suite with a walk-in closet and private bath, a second bedroom with its own full bath, and in-unit laundry. And while you're in the heart of the city, the unit faces the quiet interior courtyard, giving you skyline views and a peaceful courtyard setting all in one. And the location is hard to beat! You're one block from Washington Ave and the Mississippi River trails, with coffee at Spyhouse or FRGMNT, dinner at Bar La Grassa or Black Sheep Pizza, groceries at Whole Foods, and the neighborhood's boutiques and breweries all within walking distance. Target Field, Target Center, and U.S. Bank Stadium are an easy walk for games and concerts, and nearby skyway access, a heated underground parking spot, and extra storage make winters easy. Schedule your private showing today!

575 N 1st Street Unit 404, Minneapolis

Listing courtesy of Compass.

$150,000

2 Beds ⋅ 1 Baths ⋅ 7160106 MLS

Conveniently located just minutes from local parks, parkways, dining, and downtown access, this property is a rare find for investors, contractors, or ambitious DIY homeowners looking to build equity. Highlights include, new roof in 2025, remodeled bathroom in 2025, newer appliances in 2024-2025, hardwood floors throughout much of the house, central air, back patio, large parking spot. Being sold as-is, with buyer to assume TISH repairs. Garage is a tear down, and garage door non-functional. Priced to reflect condition of property, offering great potential to update, renovate, or build equity.

3350 Vincent Avenue N, Minneapolis

Listing courtesy of Keller Williams Select Realty.

$160,000

2 Beds ⋅ 1 Baths ⋅ 7160847 MLS

Listed by Fahan Realty LLC, 1919 University Ave W, Suite 501, St. Paul, MN 55104 | 952-200-0421. Information is deemed reliable but not guaranteed and is subject to change, prior sale, or withdrawal without notice. Square footage and room measurements are approximate; buyer to verify. HOA dues of $367.65/month are subject to change; buyer to review the association resale disclosure documents. Minneapolis Truth in Sale of Housing evaluation available. Equal Housing Opportunity.------ Freshly painted, repaired, and move-in ready, this 2-bedroom, [1]-bath townhome offers about 1,020 sq ft in the Phillips neighborhood. The open main level connects the kitchen, dining area, and living room, and both bedrooms are on the upper level along with a full bath. The lower level holds laundry and storage. Built in 1982 and part of an association-maintained community. Several blocks from Children’s Minnesota and Abbott Northwestern Hospital. Near Peavey Field, Stewart, and Phillips parks, the Midtown Greenway, and the shops and restaurants of the Lake Street corridor, including Midtown Global Market. Quick access to downtown Minneapolis, I-35W, and I-94.

2445 Elliot Avenue, Minneapolis

Listing courtesy of Fahan Realty.

$275,000

3 Beds ⋅ 2 Baths ⋅ 7125921 MLS

Enjoy the perfect balance of single-family living and low-maintenance convenience in this unique, fully detached townhome in the city. Lovingly maintained by its original owner, this home is in wonderful condition, featuring fresh paint, new carpet, hardwood floors and natural woodwork. A spacious entry foyer with French doors welcomes you into the inviting living room, complete with a gas fireplace. The living room flows seamlessly into the dining room, where south-facing windows fill the space with natural light. The oversized kitchen offers abundant counter space and storage, plus a center island ideal for meal preparation and gathering. Mudroom area provides direct access to the rear terrace and patio. Upstairs, three bedrooms offer generous storage, along with a spacious full bath. The lower level presents an exciting opportunity to add 600+ square feet of finished living space, with high ceilings, an egress window, and ample storage. Enjoy multiple private outdoor spaces, including front and rear terraces and a backyard patio. Just beyond the home, green space with walking paths and a playground offers room to relax and enjoy the outdoors. Conveniently located with easy access to freeways and bus lines, and just minutes from downtown, this unique home offers space, character, and the ease of low-maintenance living.

2634 Portland Avenue, Minneapolis

Listing courtesy of Edina Realty, Inc..

$149,900

1 Beds ⋅ 1 Baths ⋅ 7159280 MLS

Light-filled condo in a prime Northeast Minneapolis location! The spacious kitchen offers stainless steel appliances and generous cabinet and counter space. A wall of windows brightens the open living and dining area, with plenty of room for a home office. The bedroom features a California Closets system and sits across the hall from the full bath. Enjoy the convenience of an in-unit washer/dryer, extra storage, a reserved parking space and a first-floor storage unit. Residents share a fitness center, a party room with full kitchen and a screened-in porch. All of this is minutes from downtown, St. Anthony Main, the U of M, parks, restaurants and shopping, with easy transit access. Don’t miss this one!

720 3rd Avenue NE Unit 211, Minneapolis

Listing courtesy of Pemberton RE.

$199,900

1 Beds ⋅ 1 Baths ⋅ 7162618 MLS

Make your move for less cash out of pocket. Seller is offering a 3% closing cost credit with an acceptable offer. High demand Riverwest condo with views of St Anthony Falls! Riverwest offers a fitness room, outdoor patio, pool, hot tub and a party room. Well maintained unit with wood flooring, upgraded cabinetry, granite counters, stainless steel appliances, in unit laundry, floor to ceiling windows. Great location along the riverfront within walking distance to theaters, restaurants & much more!

401 S 1st Street Unit 321, Minneapolis

Listing courtesy of DRG.

$329,900

3 Beds ⋅ 2 Baths ⋅ 7162686 MLS

Thoughtfully renovated up-down duplex in the heart of Longfellow offering a rare opportunity for both investors and owner-occupants alike. Updated inside and out, this turnkey property blends classic Minneapolis character with extensive 2025 improvements, including a new roof, gutters, exterior paint, landscaping, fencing, added A/C, and more. The upper unit offers a private 1 bedroom, 1 bathroom layout with its own entrance, updated kitchen and bath, and flexible month-to-month occupancy ideal for future flexibility. Both units include in-unit laundry, fresh paint, updated lighting, smart locks, blackout bedroom blinds, and thoughtfully selected finishes. Bathrooms have been fully refreshed with new tile flooring, shower surrounds, vanities, mirrors, lighting, and fixtures. Located just blocks from the Mississippi River, neighborhood parks, trails, local restaurants, and light rail access, this move-in-ready duplex offers a rare combination of character, updates, and convenience in one of Minneapolis’ most connected neighborhoods.

3609 E 42nd Street, Minneapolis

Listing courtesy of Keller Williams Realty Integrity Lakes.

3131 Excelsior Boulevard Unit 408, Minneapolis

$279,000

2 Beds ⋅ 2 Baths ⋅ 7162373 MLS

Showings start on 10/21, Wed., @ Noon.Beautifully renovated 2 bedroom/2 bath condo in Calhoun Place. This southwest facing unit is flooded with natural light. Hardwood floors throughout LR, DR, kitchen and entry. The spacious LR opens to a deck with seasonal views of Bde Maka Ska. The renovated kitchen features natural wood cabinetry, granite counters and stainless appliances. The primary suite has plenty of room for a King bed and also features walk-in closet. The renovated primary bath features a walk-in custom shower w/ subway tile and hex ceramic floor. The spacious 2nd bedroom also has a walk-in closet as well as SW views. The common areas features a renovated lobby and Community room ( coming fall 2026), indoor pool, hot tub, sauna, exercise room and rooftop deck. Underground parking with one of the best locations in the building for access. Strong association.

3131 Excelsior Boulevard Unit 408, Minneapolis

Listing courtesy of Edina Realty, Inc..

$314,900

2 Beds ⋅ 1 Baths ⋅ 7162341 MLS

Adorable 2 bedroom house located on a pristine block – literally just steps to Lake Hiawatha Park. Enjoy classic 1930’s architecture including hardwood floors, coved ceilings, and character galore. The upper level is not counted as a bedroom due to ceiling height – but has acted as a combination guest space / studio / reading nook. The kitchen is classy and efficient – overlooking the fenced in backyard with an adorable paver patio. The lower level is clean and wide open – ready for your ideas – think family room, yoga studio, home theater, etc. Traffic on this block is one way – leading to the park – thus a quiet & serene block yet easy access to shops, restaurants, highways, and the light rail.

4209 24th Avenue S, Minneapolis

Listing courtesy of BRIX Real Estate.

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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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Minneapolis Homes under $400,000

Newest Minneapolis Homes under $400,000

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