Minneapolis Homes with Low Rise (3- levels) Style

Welcome to Minneapolis, Minnesota, a vibrant city known for its stunning lakes, rich arts scene, and welcoming neighborhoods. Nestled in Hennepin County, Minneapolis is a dynamic urban hub that perfectly blends natural beauty with metropolitan conveniences. With its diverse culture and a strong sense of community, residents enjoy a thriving lifestyle that offers something for everyone.

One of the charming architectural styles that can be found throughout Minneapolis is the low-rise home, typically comprising three levels. These homes are not just structures; they represent a lifestyle choice that combines comfort, accessibility, and a touch of elegance. Often featuring spacious layouts, these residences provide ample room for families to grow and thrive. The three-level design allows for versatile living spaces, whether you need a home office, a cozy family room, or extra guest accommodations.

In Minneapolis, low-rise homes are often situated in picturesque neighborhoods, where tree-lined streets and local parks invite outdoor activities. Residents can take advantage of the city’s extensive trail systems, connecting them to the numerous lakes and recreational areas that make Minneapolis a nature lover’s paradise. Additionally, the proximity to local shops, cafes, and cultural attractions ensures that everything you need is just a short stroll away.

Choosing a low-rise home in Minneapolis means embracing a lifestyle filled with community engagement, artistic inspiration, and outdoor adventure. Explore the charm of this city and discover the perfect low-rise residence that suits your needs and dreams. Welcome home!

Newest Minneapolis Homes with Low Rise (3- levels) Style

$825,000

7144409 MLS

Remarkable opportunity to own a fully leased, commercial, 2 ½ story turn-of-the-century gem. Perfect location one property off vibrant Lake Street businesses and restaurants and two blocks from Lake Bde Maka Ska. Welcoming full-length front porch, high ceilings, maple floors, beautiful stained glass and built-ins. 7 lovely therapist’s offices, 2 greeting/waiting rooms, 3 baths. Gorgeous, privacy fenced Zen Garden and five on-site parking spaces – a rare find. Long-time hands-on owners have never advertised. Tenants are gentle users of this well-maintained building. Third floor office suite with half bath is now available for new owner or tenant. Back staircase entrance, too. Hot-water boiler heat plus central air. Full basement with storage, laundry room and half bath. Owners, tenants and clients love the combination of charm and privacy in a community of thriving neighboring businesses with easy walkability to Isles, Bde Maka Ska, Lunds, and so much more.

3005 James Avenue S, Minneapolis

Listing courtesy of Edina Realty, Inc..

$2,750,000

7134755 MLS

6 Parcels including 2 buildings with over 15,000 finished square feet. Large 40+ stall parking lot. Includes 2 restaurant spaces with equipment, upper level event/wedding space, lower level office suite, 2 storefront shop rental spaces, and over 3000 square feet of additional unfinished basement space. Don't miss out, set up a viewing today!

1501 E Lake Street, Minneapolis

Listing courtesy of BRIX Real Estate.

$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.

$1,275,000

7088996 MLS

11-unit multifamily in Minneapolis's Corcoran neighborhood offered at $1,275,000 ($113,636/door). The property features a desirable mixed unit mix of 6 two-bedroom and 5 one-bedroom units with market rents of $1,400 and $1,100 respectively, delivering broad renter appeal in a stable primarily residential submarket with strong transit connectivity and consistent tenant demand. Recent capital upgrades include a brand new parking lot in 2025, newer boiler, updated water heaters, and numerous new appliances through energy efficiency programs in 2026. The property is part of the Minneapolis 4D program keeping taxes low. Some units have already been turned with additional value-add upside remaining, all on top of stable in-place cash flow and a potential NOI of $100,377. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to OM for more information.

3545 12th Avenue S, Minneapolis

Listing courtesy of Commercial Investors Group LLC.

$1,250,000

7088981 MLS

11-unit all 1BR/1BA multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,250,000 ($113,636/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, tennis courts, playgrounds, and recreation center, the property sits in one of the most tenant-friendly locations in the submarket. Recent capital upgrades include newer windows, updated electric panels, a newer boiler, and many units renovated within the last few years. The property is part of the Minneapolis 4D program providing low taxes and has received numerous new appliances through energy efficiency programs. Stable in-place cash flow with a potential NOI of $94,185 and clear value-add upside remaining on turns. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to OM for more details.

3540 11th Avenue S, Minneapolis

Listing courtesy of Commercial Investors Group LLC.

$1,175,000

7088960 MLS

11-unit all 1BR/1BA multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,175,000 ($106,818/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, athletic fields, and recreation center, the property sits in one of the strongest rental locations in the submarket. Recent capital upgrades include a newer water heater and mechanicals, new sewer piping, and new LVP flooring in the lower level. Many units have been renovated with additional upside remaining on long term tenant turns. The property carries a very low tax base as part of the Minneapolis 4D program. Potential NOI of $94,017 with stable in-place cash flow and a straightforward value-add path on turns at a basis that still pencils in today's market. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to OM for more information.

3521 12th Avenue S, Minneapolis

Listing courtesy of Commercial Investors Group LLC.

$2,425,000

7088951 MLS

21-unit multifamily in Minneapolis's Powderhorn Park neighborhood offered at $2,425,000 ($115,476/door). This 1BR, 2BR, and studio building features on-site parking and shared laundry with current rents running below market, presenting immediate upside for a new owner. The most recent capital upgrade was a brand new roof in 2026, with newer mechanicals, a clean exterior, and numerous energy efficiency appliance upgrades through the Minneapolis 4D program which also keeps taxes low. Many units have already been remodeled with additional turns remaining, creating a clear and executable value-add path. Potential NOI of $193,648 with meaningful rent upside still on the table. Ideal for an operator or passive investor looking to deploy into a proven south Minneapolis value-add multifamily. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to OM for more details.

3520 12th Avenue S, Minneapolis

Listing courtesy of Commercial Investors Group LLC.

$1,275,000

7088940 MLS

12-unit multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,275,000 ($106,250/door). Built in 1966, the property sits directly across from Powderhorn Park's tennis courts and 66 acres of green space, giving tenants immediate access to one of Minneapolis's most recognized parks. Recent capital upgrades include a brand new parking lot in 2025, a new boiler in 2026, newer water heater, and updated electrical. Many units have already been renovated and the property is part of the Minneapolis 4D program providing low taxes and numerous appliance upgrades. The mixed unit mix of 7 one-bedroom and 5 two-bedroom units delivers broad renter appeal with market rents of $1,125 and $1,325 respectively and a potential NOI of $100,318. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to the Offering Memorandum for more information.

3400 10th Avenue S, Minneapolis

Listing courtesy of Commercial Investors Group LLC.

$1,225,000

7088925 MLS

12-unit all 1BR/1BA multifamily in Minneapolis's Corcoran neighborhood offered at $1,225,000 ($102,083/door). This two-story brick and stucco building sits on a large lot in one of south Minneapolis's most consistently occupied submarkets. The property has been steadily upgraded with newer electric panels, a new front concrete stoop, and many units remodeled. Part of the Minneapolis 4D program providing low taxes and energy saving appliance upgrades. Augsburg College, North Central University, and Abbott Northwestern Hospital are all within minutes, providing a steady and diverse renter demand base. Potential NOI of $97,662 with clear value-add upside remaining on turns. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Please review the OM for more information.

3021 Longfellow Avenue, Minneapolis

Listing courtesy of Commercial Investors Group LLC.

$1,250,000

7075636 MLS

Excellent multi-family investment opportunity, all units fully renovated in this well maintained building. Located in the heart of Minneapolis’s highly desirable Longfellow neighborhood. This well-positioned 12-unit apartment building offers a strong unit mix, outstanding walkability, and convenient access to some of the city’s most popular amenities and destinations. The property appeals to today’s active urban renter with its proximity to neighborhood parks, fitness and recreation options, local restaurants, coffee shops, retail, and everyday services. Residents will enjoy being just minutes from the Mississippi River trail system, Minnehaha Park, and several of Minneapolis’s most vibrant dining and entertainment areas. The location offers a highly walkable and bike-friendly environment with excellent transit connectivity and easy access to Downtown Minneapolis, Uptown, and major transportation corridors. Strong rental demand in the area is supported by nearby employment centers, retail, dining, and entertainment destinations, making this an attractive investment opportunity for both stable cash flow and long-term appreciation. Combining a desirable location, solid rental appeal, and urban lifestyle amenities, this property presents an exceptional opportunity for investors seeking long-term upside in one of Minneapolis’s most established and dynamic neighborhoods. stable tenant mix/income stream with room for growth, value add

3018 30th Avenue S, Minneapolis

Listing courtesy of Stepping Stone Brokers LLC.

$1,950,000

4 Beds ⋅ 2 Baths ⋅ 7051384 MLS

Six total units, two buildings with 3 units each, all new construction with 4BRs, 2BA and Laundry in each unit, total 24 BRs, 12 BAs. Five units are leased at $2600 month per unit, $13,000 month, once the 6th unit is leased, $15,600 month, owner pays water and trash only. Highly marketable modern interior finishes Strong rental appeal in the Marcy-Holmes / University district. 811 & 815 6th Street SE: Common Lot Development. Both 811 and 815 6th Street SE exist on a single parcel under one PID and were developed as a Common Lot Development in the Marcy-Holmes neighborhood. Together, 811 & 815 6th Street SE form a unified six-unit multifamily asset on a single PID, built and renovated to modern 2020s standards. Between the two structures, nearly every system structural, mechanical, electrical, plumbing, exterior envelope, and interior finishes is new, code-compliant, and designed for long-term durability and ease of maintenance. The site now includes: One fully renovated, expanded triplex (811) and One slab-on-grade new construction triplex (815). A total of six modern, code-compliant residential units were created on the shared lot. Both properties were built to current building, mechanical, electrical, plumbing, zoning, and life-safety standards, including separate utility services, fire systems, and modern energy-efficient components. 811 6th Street SE – Full Gut Renovation & Triplex Conversion: 811 began as an older duplex and was transformed into a three-level triplex through a complete gut renovation and addition. Other than the foundation and the first- and second-floor exterior walls, the structure is essentially new construction. Full interior demolition and rebuild. Added a third story to convert the duplex into a triplex. Constructed a three-story treated-wood rear deck. * 815 6th Street SE – New Construction Slab-on-Grade Triplex (In final phase of completion). 815 was built as a brand-new slab-on-grade triplex, designed to complement 811 while offering fully modern construction and finishes. While layouts differ, the systems and interior standards match 811 to maintain continuity across the parcel. *Structural & Exterior:Ground-up slab-on-grade new construction. LP SmartSide exterior siding. New exterior paint. Pre-finished soffit & fascia. Architectural asphalt shingle roof. Batt + poly insulation package. Single-hung Vector windows, matching 811. Interior staircase access to each unit. *Mechanical, Electrical & Plumbing: New water and new sewer service runs. Three separate electrical services/meters (one per unit). Three independent forced-air heating and cooling systems (Magic-Pak) Three 40-gallon electric water heaters. All electric appliances (ranges, dryers, etc.), consistent with 811. New plumbing system throughout.* Interior Construction & Finishes: LVP flooring throughout. Kitchens and bathrooms identical in finish level to 814, including: Legacy soft-close cabinetry. Quartz countertops. Tile backsplash. Stainless steel appliances. Tile shower surrounds. New trim, interior doors, and full interior paint/enamel. Stackable washer/dryer hookups in each unit. *Both buildings offer: Separate utilities, Updated life-safety systems, Uniform design language and material quality, Low-maintenance exterior finishes.

811-815 6th Street SE, Minneapolis

Listing courtesy of Morgan And Trust Realty.

$1,650,000

10 Beds ⋅ 8 Baths ⋅ 7047817 MLS

Excellent opportunity to own a boutique-level apartment building on Eat Street. Main building contains 4 two-bedroom units and a basement efficiency. Also included is a separate 2-bedroom "Carriage House."

3341 Nicollet Avenue, Minneapolis

Listing courtesy of Keller Williams Premier Realty.

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