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
Photo of Listing #6144237

2900 University Avenue Se 403

$200,000

Welcome to M Flats. This fourth-floor unit offers convenience of location, with the sought-after bonus of having a South-facing view. It offers an open-concept kitchen grea...

Minneapolis, MN
1 Bed, 1 Bath, 708 Sqft
Residential
Keller Williams Integrity Realty

MLS® #6144237

601 S 9th Street 6

$200,000

Historical beauty in Elliot Park walking distance to US Bank Stadium. On the historic registry, this condo is a stunner. Tons of character with beautiful maple floors, expo...

Minneapolis, MN
1 Bed, 1 Bath, 720 Sqft, 0.42 Acres
Residential
Brix Real Estate

MLS® #6139316

2715 Russell Avenue N

$200,000

Located minutes away from Theo Wirth parkway, this charming 3 bedroom, 1 bath home offers two main bedrooms on the main floor connected by a Jack and Jill bathroom and an u...

Minneapolis, MN
3 Bed, 1 Bath, 1028 Sqft, 0.12 Acres
Residential
Keller Williams Integrity Realty

MLS® #6141587

2615 Park Avenue S 411

$200,750

Live in the heart of the city in classic Art Deco Manhattan style building. It was originally built at the height of the Roaring 20's for wealthy families from the south to...

Minneapolis, MN
1 Bed, 1 Bath, 808 Sqft, 0.3 Acres
Residential
Counselor Realty, Inc.

MLS® #6140912

4750 E 53rd Street 202

$200,000

Wonderfully maintained, beautifully finished condo near everything. Hardwood floors, granite counter tops, built-in wine fridge, gas fireplace, private balcony, in-unit lau...

Minneapolis, MN
1 Bed, 1 Bath, 838 Sqft, 0.63 Acres
Residential
Edina Realty, Inc.

MLS® #6133965

3555 Girard Avenue N

$209,900

Move-in ready 3 beds, 4th potential, new carpet, new finished attic, new bathrooms, quarts counter top, decks at both front and back entrances, used as a rental property bu...

Minneapolis, MN
3 Bed, 2 Bath, 1205 Sqft, 0.12 Acres
Residential
Creative Results

MLS® #6139076

210 W Grant Street 201

$209,900

Spacious, light-filled rarely available corner unit with wrap-around views, full time concierge, underground heated parking, a private terrace overlooking trees, this home ...

Minneapolis, MN
2 Bed, 1 Bath, 1106 Sqft, 1.6 Acres
Residential
Keller Williams Realty Integrity-edina

MLS® #6138606

Photo of Listing #6127873

3423 Lyndale Avenue N

$200,000

Great starter home or investment opportunity. Updated 3 bedrooms and 1 bath close to parks, walking paths, shops, bus lines and major freeways. This charming 1.5 story home...

Minneapolis, MN
3 Bed, 1 Bath, 1306 Sqft, 0.11 Acres
Residential
Herizon Realty

MLS® #6127873

3212 Columbus Avenue

$205,000

Minneapolis, MN
3 Bed, 1 Bath, 1376 Sqft, 0.14 Acres
Residential
Home Buyers Realty Corp.

MLS® #6130026

Photo of Listing #6123666

3234 N Oliver Avenue

$204,900

Come see this lovely home with beautiful hardwood floors, a built in hutch & natural woodwork. There are are 4 bedrooms, the upstairs bedroom is non conforming. The backyar...

Minneapolis, MN
4 Bed, 2 Bath, 1584 Sqft, 0.11 Acres
Residential
Re/max Advantage Plus

MLS® #6123666

Photo of Listing #6102513

3225 Garfield Avenue 4

$209,900

Upper level 2 Bedroom / 1 Bath condo in fantastic Southwest Minneapolis location. Convenient Lyndale neighborhood is walking distance from countless dining and entertainmen...

Minneapolis, MN
2 Bed, 1 Bath, 915 Sqft, 0.12 Acres
Residential
Verde Real Estate Group

MLS® #6102513

Photo of Listing #6076193

3427 Fremont Avenue N

$200,000

Located in between Folwell Park and Jordan Park and less than a mile away from Mississippi River. Conveniently near parks & local businesses. Main floor features a sun fill...

Minneapolis, MN
2 Bed, 1 Bath, 998 Sqft, 0.12 Acres
Residential
Edina Realty, Inc.

MLS® #6076193

3651 Fremont Avenue N

$210,000

Completely renovated, beautiful 4 bedroom, 1 Bathroom home! Updates include, new flooring, brand new stainless steel appliances, new washer and dryer, whole house freshly p...

Minneapolis, MN
4 Bed, 1 Bath, 1477 Sqft, 0.12 Acres
Residential
Re/max Results

MLS® #6029916

1700 Thomas Avenue N

$205,000

Minneapolis, MN
2 Bed, 1 Bath, 2552 Sqft, 0.12 Acres
Residential
Berkshire Hathaway Homeservices North Properties

MLS® #6088996

3410 Fremont Avenue N

$205,000

Completely renovated, beautiful 4 bedrooms, 2 full-bathrooms home! Updates include, new flooring, brand new stainless steel appliances, whole house freshly painted, much mo...

Minneapolis, MN
4 Bed, 2 Bath, 1523 Sqft, 0.12 Acres
Residential
Re/max Results

MLS® #6089434

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