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
48 Properties Found.
Page 1 of 4

3123 Thomas Ave N

$225,000

PROPERTY SOLD AS-IS AND HAS HUGE POTENTIAL TO BUILD INSTANT EQUITY. YOU CAN'T FIND A 5 BEDROOM 3 BATH WITH 3000+ SQ FT FOR THIS PRICE. NEWER ROOF IN 2017. THIS HOME NEED...

Minneapolis, MN
5 Bed, 3 Bath, 3176 Sqft, 0.13 Acres
Residential
Abc Realty, Llc

MLS® #5496283

Unit 423 - 4824 E 53rd St

$209,900

Wonderful 2 bed, 2 bath Minnehaha Place condo with 2 garage stalls! Enjoy the open floor plan, lots of great storage and counter space in the kitchen, a spacious living roo...

Minneapolis, MN
2 Bed, 2 Bath, 1035 Sqft
Residential
Keller Williams Classic Rlty Nw

MLS® #5502457

Unit 312 - 121 Washington Ave S

$224,900

This completely updated one bedroom condo is situated blocks from the Mississippi River, North Loop, Whole Foods, Nicollet mall and so much more. Skyway connected so you ca...

Minneapolis, MN
1 Bed, 1 Bath, 771 Sqft
Residential
Edina Realty, Inc.

MLS® #5503353

Unit G - 2719 Humboldt Ave S

$200,000

Welcome to 2719 Humboldt one of the most iconic buildings in East Isles. This fantastic condo sits on a quiet tree lined street west of Hennepin ,just 1.5 blocks to Lake of...

Minneapolis, MN
1 Bed, 1 Bath, 973 Sqft
Residential
Edina Realty, Inc.

MLS® #5502708

Unit B2404 - 19 S 1st St

$224,900

Move-in ready! This extensively renovated 1 bedroom, 1 bathroom condo has sweeping views of the Mississippi River and the Hennepin Ave. Bridge, central to Minneapolis. Thou...

Minneapolis, MN
1 Bed, 1 Bath, 710 Sqft, 3.83 Acres
Residential
Keller Williams Integrity Realty

MLS® #5492842

Unit 210 - 9 W Franklin Ave

$205,000

Prime location for this modern south facing condo nestled in the heart of Eat Street. Downtown and uptown are just minutes away plus only 5 minutes to the light rail. Secur...

Minneapolis, MN
1 Bed, 1 Bath, 590 Sqft
Residential
Edina Realty, Inc.

MLS® #5486844

Photo of Listing #5475138

2420 13th Ave S

$210,000

Minneapolis, MN
3 Bed, 2 Bath, 1202 Sqft, 0.08 Acres
Residential
National Realty Guild

MLS® #5475138

Photo of Listing #5474739

824 24th Ave Ne

$224,900

Beautiful 3 bedroom 1 bath. Two story style home. 3 season porch, 2 car garage. Association maintained. Great location. Maple floors, open staircase, formal dining. Nice No...

Minneapolis, MN
3 Bed, 1 Bath, 1431 Sqft, 0.05 Acres
Residential
Lakes Area Realty

MLS® #5474739

2006 25th Ave N

$225,000

Minneapolis, MN
4 Bed, 3 Bath, 2050 Sqft, 0.13 Acres
Residential
National Realty Guild

MLS® #5473333

Photo of Listing #5485903

1830 Johnson St Ne

$220,000

Highly desirable location with easy freeway access. Walking distance to Target, Cub Foods, Home Depot, post office and bus line. Just minutes from downtown Minneapolis, U ...

Minneapolis, MN
3 Bed, 1 Bath, 1114 Sqft, 0.15 Acres
Residential
Coldwell Banker Realty South Metro Regional

MLS® #5485903

4024 Fremont Ave N

$224,900

This home has all new carpeting in the four bedrooms and premium vinyl wood floors on the main floor. All the appliances are brand-new which include refrigerator stove micr...

Minneapolis, MN
4 Bed, 2 Bath, 1500 Sqft, 0.12 Acres
Residential
Renters Warehouse

MLS® #5432847

Photo of Listing #5430192

Unit B702 - 19 S 1st St

$224,900

Move-in ready! This beautifully updated 2BR/2BA corner unit features an open floor plan perfect for entertaining with space for dining, plenty of natural light and tons of ...

Minneapolis, MN
2 Bed, 2 Bath, 1080 Sqft
Residential
Drg

MLS® #5430192

3338 Emerson Ave N

$200,000

Very nice 3 bedroom home. Hardwood floors and beautiful built-ins. Enjoy relaxing evenings by the fireplace. This home has a lot of potential. Finish the lower level by ad...

Minneapolis, MN
3 Bed, 2 Bath, 1745 Sqft, 0.13 Acres
Residential
Coldwell Banker Realty

MLS® #5353554

5617 33rd Ave S

$200,000

Charming 2 bedroom home. Perfect for first time home buyer. This home has a large backyard and 1.5 car garage. Currently there is a tenant in this home. If you wish for th...

Minneapolis, MN
2 Bed, 1 Bath, 750 Sqft, 0.13 Acres
Residential
Coldwell Banker Realty

MLS® #5353697

Photo of Listing #5289849

Unit 1 - 2100 Garfield Ave

$207,500

This unit is full of details and charm. Located in the heart of the Whittier neighborhood. Close to coffee shops, restaurants. One block to the bus line on Lyndale. Chara...

Minneapolis, MN
2 Bed, 1 Bath, 1190 Sqft, 0.15 Acres
Residential
Re/max Preferred

MLS® #5289849

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