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
70 Properties Found.
Page 1 of 5
Photo of Listing #5005017

Unit 214 - 1200 Nicollet Mall

$219,900

This oversized 1 bedroom unit boasts breathtaking downtown views and features a remodeled kitchen, and gleaming concrete floors. A bonus space features a convenient Murphy ...

Minneapolis, MN
1 Bed, 1 Bath, 880 Sqft
Residential
Lakes Sotheby's International Realty

MLS® #5005017

Photo of Listing #5005053

Unit 210 - 918 3rd St N

$224,900

Minneapolis, MN
1 Bed, 1 Bath, 775 Sqft
Residential
Coldwell Banker Burnet

MLS® #5005053

Photo of Listing #5001202

4556 Portland Ave

$205,000

Motivated seller! Quick close possible! Bring your offer in! Sought after S. Minneapolis location. Minnehaha Creek park and schools w/in blocks. Easy access to picnic area...

Minneapolis, MN
3 Bed, 2 Bath, 1638 Sqft, 0.11 Acres
Residential
United Real Estate Twin Cities

MLS® #5001202

Photo of Listing #5000668

3924 40th Ave S

$214,900

Incredible opportunity to get in a great neighborhood! Bright and sunny starter home in a great neighborhood! Lots of living space on 3 levels, Main floor Master Suite, All...

Minneapolis, MN
3 Bed, 2 Bath, 1506 Sqft, 0.12 Acres
Residential
Merck Real Estate Company, Llc

MLS® #5000668

Photo of Listing #4999552

5057 Washburn Ave N

$209,900

One owner since 1956, in convenient family neighborhood of Shingle Creek. Close to Hwy 100 and shopping Very clean home. Interior, exterior & yard are extremely well maint...

Minneapolis, MN
3 Bed, 2 Bath, 1962 Sqft, 0.13 Acres
Residential
Coldwell Banker Burnet

MLS® #4999552

Photo of Listing #4998227

Unit 415 - 250 Park Ave

$210,000

A furnished, classic, open loft in historic Mill District blends a warehouse feel w/modern comforts. This turn-key condo has SS appliances, newer back splash, cherry cabin...

Minneapolis, MN
1 Bed, 1 Bath, 669 Sqft
Residential
Coldwell Banker Burnet

MLS® #4998227

Photo of Listing #4988094

Unit P2504 - 20 2nd St Ne

$211,750

Great views from all rooms on the 25th Floor Condo! Only 5 units on this floor! Large Master bedroom with 2 Walk-in closets. Spacious Living room, Updated Kitchen and Bath!...

Minneapolis, MN
1 Bed, 1 Bath, 861 Sqft
Residential
Edina Realty, Inc.

MLS® #4988094

Photo of Listing #4992561

1766 37th Ave Ne

$215,000

Charming NE Minneapolis home, that is move-in ready! Spacious rooms and hardwood floors throughout. Large 16x12 addition off back and a wonderful 3 season porch of the same...

Minneapolis, MN
3 Bed, 1 Bath, 1593 Sqft, 0.18 Acres
Residential
Re/max Results

MLS® #4992561

Photo of Listing #4972934

Unit 2d - 2928 Dean Pkwy

$219,900

Dream a little dream at Dreamy Dean Parkway. This is a truly intoxicating corner unit with high demand east facing balcony with a stately view of the historic Beach Club ac...

Minneapolis, MN
2 Bed, 2 Bath, 1075 Sqft
Residential
Weichert, Realtors-advantage

MLS® #4972934

1352 Upton Ave N

$205,000

Minneapolis, MN
4 Bed, 2 Bath, 2036 Sqft, 0.12 Acres
Residential
Re/max Advantage Plus

MLS® #4994830

Photo of Listing #4988683

4906 Washburn Ave N

$215,000

Exceptional one and a half story home with many updates. This immaculately maintained and spacious home boasts new paint, new refrigerator, newly refinished hardwood floors...

Minneapolis, MN
3 Bed, 3 Bath, 2384 Sqft, 0.15 Acres
Residential
Keller Williams Integrity Re

MLS® #4988683

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® #4988989

Photo of Listing #4981922

Unit F1104 - 110 1st Ave Ne

$214,900

Prime Location 11th Floor Falls Pinnacle NE Minneapolis Condo With Spectacular Downtown River Views! Updated Maple Kitchen - Granite, SS Appliances, Tiled Floor, Recessed L...

Minneapolis, MN
1 Bed, 1 Bath, 886 Sqft, 1.64 Acres
Residential
Dwell Realty Partners, Llc

MLS® #4981922

Photo of Listing #4979453

5840 43rd Ave S

$219,900

A charming, cozy 2 bedroom, 2 bath, 1 story home has been recently remodeled and well maintained. Close to light rail, airport, parks, lakes and more. Non-conforming 3rd be...

Minneapolis, MN
2 Bed, 2 Bath, 1380 Sqft, 0.11 Acres
Residential
Coldwell Banker Burnet

MLS® #4979453

Photo of Listing #4979190

1017 Humboldt Ave N

$210,000

Newer construction for North Minneapolis! Completely remodeled rare 6 bedroom home, updates include an updated bathroom, all new kitchen with granite countertops, all new f...

Minneapolis, MN
6 Bed, 2 Bath, 1876 Sqft, 0.16 Acres
Residential
Re/max Results

MLS® #4979190

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