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
46 Properties Found.
Page 1 of 4
Photo of Listing #5270294

2811 Knox Ave N

$212,000

Fore sure a gem of a property. The entire home has been updated with paint, re-finished hardwood flooring almost everywhere, basement is open and neat and clean with washer...

Minneapolis, MN
3 Bed, 1 Bath, 1515 Sqft, 0.12 Acres
Residential
Edina Realty, Inc.

MLS® #5270294

2916 15th Ave S

$224,900

Vintage Beauty with loads of character! Well-maintained home with many updates. New exterior and interior paint. Finished lower level. Hardwood floors and built- ins. 2nd f...

Minneapolis, MN
3 Bed, 1 Bath, 2254 Sqft, 0.11 Acres
Residential
Coldwell Banker Burnet

MLS® #5269909

Unit 909 - 929 Portland Ave S

$219,900

Live the lifestyle at Skyscape Condos! Affordable one bedroom unit with great Southern views! Unit comes with heated parking and storage and features in-unit laundry and pr...

Minneapolis, MN
1 Bed, 1 Bath, 680 Sqft, 1.02 Acres
Residential
Downtown Resource Group, Llc

MLS® #5269301

Photo of Listing #5266970

3810 Sheridan Ave N

$224,900

Minneapolis, MN
3 Bed, 2 Bath, 1340 Sqft, 0.11 Acres
Residential
Edina Realty, Inc.

MLS® #5266970

4620 3rd Ave S

$210,000

Conveniently located. Home needs TLC and updates. Mechanicals are solid. A good cleaning and paint can go a long way! Potential to become a 3 to 4 bedroom, 2 bath home if y...

Minneapolis, MN
2 Bed, 1 Bath, 1550 Sqft, 0.12 Acres
Residential
Lakes Sotheby's International Realty

MLS® #5268215

Unit 402 - 521 S 7th St

$223,900

Motivated Seller! This stunning Sexton condo is a must see! Open concept living, with abundant natural light throughout. This condo has fantastic exposed brick and ceilings...

Minneapolis, MN
1 Bed, 1 Bath, 800 Sqft, 0.63 Acres
Residential
Star Realty

MLS® #5268158

2051 3rd Ave N

$219,000

Completely remodeled Harrison home! 2051 3rd Ave was fully renovated in the summer of 2017. Equipped with all new stainless appliances, cabinets, flooring, mechanicals, win...

Minneapolis, MN
3 Bed, 1 Bath, 1061 Sqft, 0.12 Acres
Residential
Side By Side Realty Llc

MLS® #5267357

Photo of Listing #5267833

Unit 4 - 1828 Clinton Ave

$200,000

Gorgeous upper level condo w/original wood flrs, spacious kitchen w/upgraded SS appliances & granite countertops. Brand new ductless split AC system. Detached garage stall ...

Minneapolis, MN
2 Bed, 1 Bath, 1050 Sqft
Residential
Edina Realty, Inc.

MLS® #5267833

3238 Humboldt Ave N

$222,900

Character is abundant with this beautiful arts and crafts home. With amazing built-ins and awesome woodwork in great condition with a porch to enjoy summer evenings, fenced...

Minneapolis, MN
5 Bed, 1 Bath, 1389 Sqft, 0.14 Acres
Residential
Re/max Results

MLS® #5245724

Photo of Listing #5252399

Unit 305 - 2900 University Ave Se

$224,900

Must see M-Flats unit! Spacious 2 bedroom, 2 bathroom upper unit with great views of the neighborhood. Well maintained with fresh paint throughout, stainless steel applianc...

Minneapolis, MN
2 Bed, 2 Bath, 924 Sqft, 0.65 Acres
Residential
Re/max Results

MLS® #5252399

3935 Washburn Ave N

$200,000

Charming home just one block off of Victory Memorial Parkway. This home sits in a great location just minutes from downtown Minneapolis and features a wood burning fireplac...

Minneapolis, MN
2 Bed, 2 Bath, 1129 Sqft, 0.11 Acres
Residential
Edina Realty, Inc.

MLS® #5260685

Photo of Listing #5256948

3503 E 39th St

$212,900

Super affordable home in a convenient location that is only 4 blocks to light rail plus Minnehaha Falls Park and River road trails nearby. Back porch makes a great mud room...

Minneapolis, MN
3 Bed, 1 Bath, 1066 Sqft, 0.12 Acres
Residential
Midwest Management Incorporated Dba Midwest Homes

MLS® #5256948

Photo of Listing #5246160

Unit 113 - 730 Stinson Blvd

$219,900

Main floor living in the CW lofts building. Includes SS appliances, Walk in closet, built in desk, balcony, custom tile work, additional loft and Washer/Dryer in unit. Ta...

Minneapolis, MN
1 Bed, 1 Bath, 890 Sqft, 4.23 Acres
Residential
Vanquishap

MLS® #5246160

Unit P606 - 20 2nd St Ne

$209,900

MAKE OFFER! Falls Pinnacle 1-bed condo with DT Skyline view and in-unit laundry! Large open floor plan faces SE and has lots of natural light. All windows and balcony overl...

Minneapolis, MN
1 Bed, 1 Bath, 859 Sqft, 1.64 Acres
Residential
Drive Results Realty

MLS® #5240731

Unit 806 - 1200 Nicollet Mall

$219,900

This beautiful 2 bedroom condominium is perfectly located on Nicolette Mall-- making it easy and convenient to everything downtown! This 8th-floor unit is very nicely upda...

Minneapolis, MN
2 Bed, 1 Bath, 1007 Sqft, 1.14 Acres
Residential
Leasing And Management Llc

MLS® #5217046

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