What $225,000 Buys in Minneapolis Right Now

Posted by Kris Lindahl on Sunday, January 22nd, 2017 at 8:42am.

Despite new construction reaching its highest level since 2002, tightened inventory around the country is one of the biggest concerns facing the housing industry in 2017. From December of 2015 to December of 2016 there was about a 6.3% decline is active home listings on the market nationwide, which played a major role in the overall median sales price increasing to $232,200 at the end of last year. 

But even with mortgage rates jumping to over 4%, buying a home is still relatively affordable compared to years past. Additionally, despite inventory being low in just about every market, including around the Twin Cities, there are still plenty of great options listed for around $200,000. 

Featured below are active Minneapolis homes for sale between $200,000 and $225,000, which of course is anywhere from $7,200 to $32,200 below the current median sales price in the U.S. As of the date of this post, you’ll see a number of charming little bungalow and cottage-style houses for just over $200,000, while closer to that $225,000 budget presents a variety of opportunities that include larger three and four bedroom homes to nicely updated condos with plenty of living space. But for a closer look at everything between the $200,000 and $225,000 price range, start browsing any of the active listings you see here:

Minneapolis Homes For Sale Between $200,000 & $225,000

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New Listings First
67 Properties Found.
Page 1 of 5

Unit 514 - 1200 Nicollet Mall

$204,900

Why rent when you can buy! One bedroom unit located in a well maintained building. All new paint, granite counters, tile bath, Great location with so many amenities. Buildi...

Minneapolis, MN
1 Bed, 1 Bath, 880 Sqft
Residential
Coldwell Banker Burnet

MLS® #4978048

Unit 5 - 1829 Park Ave

$224,900

Elevated unit sports open kitchen floor plan, new paint, nine foot ceilings and laminate floor. Add't storage in building next door removes all "stuff" concerns. Convenient...

Minneapolis, MN
2 Bed, 2 Bath, 1350 Sqft, 0.36 Acres
Residential
Coldwell Banker Burnet

MLS® #4975537

Photo of Listing #4974805

4907 Russell Ave N

$219,900

Well kept 3 bedroom 2 bathroom home in a quiet neighborhood. Nice backyard with 2 oversize car detached garage. Updated carpet, paint and appliances. Big living room. Kitch...

Minneapolis, MN
3 Bed, 2 Bath, 1333 Sqft, 0.15 Acres
Residential
Bridge Realty, Llc

MLS® #4974805

Unit 304 - 4430 W Lake Harriet Pkwy

$225,000

High demand Linden Hills renovated loft style condo charm located on the west side, right on Lake Harriet Pkwy. Wood floors, new stainless steel appliances, washer/dryer in...

Minneapolis, MN
1 Bed, 1 Bath, 580 Sqft, 0.18 Acres
Residential
Coldwell Banker Burnet

MLS® #4969657

Photo of Listing #4969044

3729 E 54th St

$224,900

Location! Location! Location! Tons of potential with your cosmetic touches! Corner lot, 4 season porch, huge pantry & kitchenette. Prime location- walk to Minnehaha Falls, ...

Minneapolis, MN
3 Bed, 3 Bath, 1947 Sqft, 0.11 Acres
Residential
Engel & Volkers Minneapolis Downtown

MLS® #4969044

Photo of Listing #4972694

3522 3rd St Ne

$225,000

Perfect for a first-time home buyer that wants to be close to all the fun of NE, but wants a quiet neighborhood. Get into NE Mpls while the prices are still reasonable. Thi...

Minneapolis, MN
3 Bed, 2 Bath, 1125 Sqft, 0.12 Acres
Residential
Bridge Realty, Llc

MLS® #4972694

Unit 1809 - 400 Groveland Ave

$224,900

Exceptional top floor condo & great views of downtown in a beautiful neighborhood. Spacious-open floor plan, granite counter tops. BRAND NEW SS Appliances. Free laundry roo...

Minneapolis, MN
2 Bed, 1 Bath, 966 Sqft, 2.02 Acres
Residential
Counselor Realty, Inc.

MLS® #4972733

1815 Arthur St Ne

$225,000

Wonderful opportunity for well kept home in the Windom Park neighborhood of NE Mpls. Convenient location near Hwy access and walking distance to shops, restaurants, parks a...

Minneapolis, MN
3 Bed, 1 Bath, 1387 Sqft, 0.14 Acres
Residential
Edina Realty, Inc.

MLS® #4959118

Photo of Listing #4961868

Unit P1409 - 20 2nd St Ne

$200,000

WASHER & DRYER IN UNTI!! One of the largest 1 bed condos. Great views from the 14th floor! Entrance to the patio from master bedroom and living room! Granite countertop, n...

Minneapolis, MN
1 Bed, 1 Bath, 916 Sqft
Residential
Kris Lindahl Real Estate

MLS® #4961868

Photo of Listing #4969695

4930 Washburn Ave N

$225,000

Come and enjoy the extra space inside and out at this oversized rambler on a large corner lot! You'll love the open kitchen, dining and living area. And don't miss the spac...

Minneapolis, MN
3 Bed, 2 Bath, 2036 Sqft, 0.22 Acres
Residential
Re/max Advantage Plus

MLS® #4969695

Photo of Listing #4968468

5632 45th Ave S

$209,000

Walk to light rail and VA Hospital- Perfect location! Great starter home. New lower level recently finished with egress window and 3/4 bath, plus family room. Hardwood floo...

Minneapolis, MN
3 Bed, 2 Bath, 1046 Sqft, 0.12 Acres
Residential
Re/max Results

MLS® #4968468

2947 Ulysses St Ne

$214,900

Hot Northeast Audubon Park Neighborhood w/lots of character. Recently remod Kit open to LR&DR w/recessed lighting & Kit win. Hdw floors in main level. 9 win fill the LR, DR...

Minneapolis, MN
2 Bed, 1 Bath, 802 Sqft, 0.12 Acres
Residential
Bridge Realty, Llc

MLS® #4963133

Photo of Listing #4962438

5809 11th Ave S

$219,900

Absolutely charming Lake Nokomis / Diamond Lake area Single Family Home on nice lot! Arched doorways, beautiful hardwood floors -- Updated Kitchen & Bath -- great yard! Ch...

Minneapolis, MN
2 Bed, 1 Bath, 892 Sqft, 0.13 Acres
Residential
Rei Real Estate & Prop Mgmt

MLS® #4962438

Photo of Listing #4939959

Unit 206 - 619 8th St Se

$219,900

2 bed 2 bath home at Mill Trace Condos. Located in a prime location between the U of M, NE Mpls and downtown. Hardwood floors, split bedroom floor plan, storage unit and on...

Minneapolis, MN
2 Bed, 2 Bath, 1042 Sqft
Residential
Coldwell Banker Burnet

MLS® #4939959

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