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
37 Properties Found.
Page 1 of 3

5345 41st Ave S

$205,000

Charming Home Close to the Heart of Minneapolis located between Lake Nokomis and Minnehaha Park. Just several blocks from Light Rail. This Cozy 2 bedroom, 1 Bath Home Featu...

Minneapolis, MN
2 Bed, 1 Bath, 924 Sqft
Residential
Res Realty

MLS® #4949976

Unit 409 - 2727 W 43rd St

$214,000

Outstanding turn-key end unit condo in Linden hills! Rare two bedroom unit with heated, underground assigned parking. Beautiful SS appliances and granite countertops g...

Minneapolis, MN
2 Bed, 2 Bath, 912 Sqft, 0.62 Acres
Residential
Re/max Results

MLS® #4949933

3928 Elliot Ave

$209,900

Charming south Minneapolis craftsman. Sunny front porch leads to open formal living and dining. Hardwood flooring and original woodwork throughout. Updated kitchen with SS ...

Minneapolis, MN
3 Bed, 1 Bath, 1216 Sqft, 0.12 Acres
Residential
Re/max Results

MLS® #4928306

Photo of Listing #4929289

5617 1st Ave S

$225,000

Solid 2 bedroom, 2 bath cottage home conveniently located close to everything. Upgrades include central air,granite counters, tile and hardwood floors and a fantastic 3 se...

Minneapolis, MN
2 Bed, 2 Bath, 792 Sqft, 0.12 Acres
Residential
Re/max Advantage Plus

MLS® #4929289

1044 22nd Ave Se

$220,000

Cute as a button! Meticulously maintained & updated! Every surface has been touched making this truly move-in ready! Enjoy three seasons on the bright and sunny porch, or e...

Minneapolis, MN
2 Bed, 1 Bath, 1086 Sqft, 0.12 Acres
Residential
Keller Williams Integrity Re

MLS® #4947179

5131 Penn Ave N

$220,000

Move in ready! Amazing well kept home. No pets, non smoking. Spa -like main bath. Room to entertain downstairs w a 3rd non-conforming bd. 2-car detached. Raised gardens. De...

Minneapolis, MN
2 Bed, 2 Bath, 2704 Sqft, 0.11 Acres
Residential
Keller Williams Classic Realty

MLS® #4943231

Photo of Listing #4942653

Unit 105 - 3540 Hennepin Ave

$225,000

Only two blocks to Lake Calhoun & walking distance to everything Uptown has to offer! Split bedroom plan, perfect for roommates! Light & bright main floor unit features woo...

Minneapolis, MN
2 Bed, 2 Bath, 924 Sqft
Residential
Coldwell Banker Burnet

MLS® #4942653

Photo of Listing #4929058

Unit 212 - 3540 Hennepin Ave

$209,900

In demand condo in the East Calhoun neighborhood and only blocks from Bde Maka Ska (Lake Calhoun). Stainless steel appliances, heated garage parking, additional storage spa...

Minneapolis, MN
2 Bed, 2 Bath, 936 Sqft
Residential
Keller Williams Realty Elite

MLS® #4929058

Photo of Listing #4936605

3454 Sheridan Ave N

$219,900

Charming cape cod in Cleveland/Victory neighborhood close to parkway. Professionally designed bath and eat in kitchen. Great landscaped yard. New roof in 2017. Over sized t...

Minneapolis, MN
2 Bed, 1 Bath, 1252 Sqft, 0.12 Acres
Residential
Bridge Realty, Llc

MLS® #4936605

Photo of Listing #4919896

2900 Emerson Ave N

$219,900

Grand Stucco, 2 1/2 story 6 bedrooms in very good condition! Note square footage and room sizes! 2 year old roof, new HVAC, Newer windows, formal dining room w/ BI buffet, ...

Minneapolis, MN
6 Bed, 1 Bath, 2408 Sqft, 0.11 Acres
Residential
Bridge Realty, Llc

MLS® #4919896

Photo of Listing #4919724

4601 5th Ave S

$222,000

Minneapolis, MN
3 Bed, 1 Bath, 2128 Sqft, 0.09 Acres
Residential
Coldwell Banker Burnet

MLS® #4919724

Unit 519 - 1425 W 28th St

$225,000

1.5 blocks to L. of Isles. Bus stop on corner. Easy transit and walking distance to shops, restaurants, pharmacy, YMCA, & biking trails. Amenities include wood workshop, yo...

Minneapolis, MN
1 Bed, 1 Bath, 860 Sqft
Residential
Edina Realty, Inc.

MLS® #4913236

Unit 102 - 3624 Colfax Ave S

$200,000

Excellent location just blocks to the lakes and all Uptown has to offer. Enjoy shops and restaurants within walking distance. Remodeled condo in small 4 unit building wit...

Minneapolis, MN
2 Bed, 1 Bath, 700 Sqft, 0.25 Acres
Residential
Edina Realty, Inc.

MLS® #4911815

Photo of Listing #4905350

4013 12th Ave S

$224,900

Great One and a half story home in the Bancroft neighborhood: Near Lake Nokomis and Lake Hiawatha. On a bus-line, close to light rail and a bicycle boulevard between I94 an...

Minneapolis, MN
2 Bed, 1 Bath, 1033 Sqft, 0.11 Acres
Residential
Success Realty Minnesota, Llc

MLS® #4905350

Photo of Listing #4903383

2407 University Ave Ne

$219,900

Minneapolis, MN
3 Bed, 2 Bath, 1272 Sqft, 0.1 Acres
Residential
Re/max Advantage Plus

MLS® #4903383

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