Minneapolis, MN Multifamily Homes & Duplexes for Sale

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  /41

  $439,900

  • 4 Beds
  • 2 Baths
  • 2,592 Sq Ft

  3847 Cedar Ave S, Minneapolis, MN 55407

  

  Juila Wang

  Keller Williams Classic Realty

  (612) 441-3615

  3847 Cedar Ave S, Minneapolis, MN 55407
• Explore Minneapolis

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  /24

  $339,900

  • 5 Beds
  • 2 Baths
  • 2,268 Sq Ft

  55 Williams Ave SE, Minneapolis, MN 55414

  This duplex offers great flexibility and convenience! The upper unit features a spacious living room, 2 bedrooms, a full bath, and a porch with laundry. The main floor includes 3 bedrooms and 1 bathroom, making it ideal for an owner-occupant or investment opportunity. Conveniently located near the University of Minnesota, this property provides easy access to campus, shopping, dining, and public

  

  Devon Walton

  HOMESTEAD ROAD

  (612) 230-8152

  55 Williams Ave SE, Minneapolis, MN 55414
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  /15

  $309,900

  • 3 Beds
  • 2 Baths
  • 1,432 Sq Ft

  3444 Cedar Ave S, Minneapolis, MN 55407

  Beautifully updated duplex with hardwood floors, fresh paint, modern bathrooms, and new furnaces and water heaters. Spacious parking pad. Prime Powderhorn Park location near Powderhorn Park, Midtown Global Market, Abbott Northwestern Hospital, and Allina Commons. Quick access to Lake Street shops, dining, entertainment, transit, and bike trails. Just minutes to Downtown and Uptown. Perfect for

  

  Devon Walton

  HOMESTEAD ROAD

  (612) 887-3608

  3444 Cedar Ave S, Minneapolis, MN 55407
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  /12

  $233,700

  • 3 Beds
  • 2 Baths
  • 1,566 Sq Ft

  2623 Polk St NE, Minneapolis, MN 55418

  Investor special in high-demand Northeast Minneapolis! This up/down duplex offers incredible potential with a newer roof (2019) and furnace. Needs renovation, but opportunities abound. Priced as the cheapest duplex in NE Minneapolis, this is your chance to build equity in a prime location. Easy to show, quick close possible. The home is being sold AS-IS. No estimates on rental history due to not

  

  Devon Walton

  HOMESTEAD ROAD

  (612) 324-0450

  2623 Polk St NE, Minneapolis, MN 55418
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  /17

  $759,000

  • 4 Beds
  • 4 Baths
  • 3,400 Sq Ft

  916 14th Ave NE, Minneapolis, MN 55413

  High Demand NE Minneapolis location! These 2 Duplexes are situated on one PID and located in a rapidly growing area with significant investment and redevelopment, including new multi-family commercial projects. This well-maintained property features identical 1-Bedroom units, all in excellent condition with central A/C and forced air. Many long-term tenants already in place. An ideal opportunity

  

  Ryan Platzke

  Coldwell Banker Realty

  (651) 369-4637

  916 14th Ave NE, Minneapolis, MN 55413
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  /20

  $462,500

  • 4 Beds
  • 2 Baths
  • 1,728 Sq Ft

  3009 39th Ave S, Minneapolis, MN 55406

  This is a fantastic opportunity to obtain a side-by-side duplex in the Cooper Neighborhood. Bring on the owner occupants, investors, or those looking to house-hack! Newer roof, newer furnaces, newer water heaters! Both units have large useable space in the basements, separate laundry, and garage parking. It should be possible to add 4 legal bedrooms, 2 baths, and additional family rooms on each

  

  Ryan Platzke

  Coldwell Banker Realty

  (612) 712-5691

  3009 39th Ave S, Minneapolis, MN 55406
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  /26

  $315,000

  • 3 Beds
  • 2 Baths
  • 1,700 Sq Ft

  3206 19th Ave S, Minneapolis, MN 55407

  This is a great duplex with up and down units featuring hardwood floors, full baths, off-street parking, yard space, newer windows, large porches, renovated kitchens and baths. The upper unit has 2 bedrooms and the lower unit could easily add a wall and door to make an official 2nd bedroom. Wonderful rental or place to call home.

  

  Michelle Hoagland

  Keller Williams Preferred Rlty

  (612) 441-2339

  3206 19th Ave S, Minneapolis, MN 55407
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  /25

  $275,000

  • 4 Beds
  • 2 Baths
  • 1,764 Sq Ft

  2322 Bryant Ave N, Minneapolis, MN 55411

  Come take a look at this beautiful duplex!

  

  Xai Xiong

  Home Sellers

  (612) 294-0711

  2322 Bryant Ave N, Minneapolis, MN 55411
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  /21

  $290,000

  • 2 Beds
  • 2 Baths
  • 1,399 Sq Ft

  2535 11th Ave S, Minneapolis, MN 55404

  Fantastic little duplex on a great Minneapolis block close to downtown! Up-down 1bed/1bath duplex. So many upgrades, and currently rented with leases in place. Lots of character true to the era of the home, but recently updated with new kitchens in both units, new roof, newer h2o heaters. Super clean and well maintained. Would make an excellent owner-occupied house hack for super low monthly

  

  Jennifer Wilson

  Wits Realty

  (612) 682-1866

  2535 11th Ave S, Minneapolis, MN 55404
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  /44

  $559,000

  • 5 Beds
  • 3 Baths
  • 3,470 Sq Ft

  1222 6th St NE, Minneapolis, MN 55413

  3470 finished square feet! New roof in 2021! All brick exterior and a prime location. Upper unit has 3bedrooms and 2 baths and Central Air Conditioning. Lower has 2 bedrooms and 1 bath. Upper is rented at$2400-August 31, 2026. Estimated rent of $1750 for the main level. Lower unit was just repainted, andhardwood floors were refinished in the living and dining room. Easy opportunity to

  

  Ryan Platzke

  Coldwell Banker Realty

  (612) 324-7872

  1222 6th St NE, Minneapolis, MN 55413
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  /57

  $625,000

  • 8 Beds
  • 4 Baths
  • 3,740 Sq Ft

  1500 26th Ave NE, Minneapolis, MN 55418

  Well-maintained four-unit building in a prime Northeast Minneapolis location. Each spacious 2BR/1BA unit offers a functional layout, great natural light, and hardwood floors. The property has been thoughtfully cared for with newer boilers, updated electrical with exterior meters, and ongoing plumbing updates already completed. Fully rented with solid rental history, tenant-paid gas and electric,

  Paul St. Andrew RE/MAX Results

  1500 26th Ave NE, Minneapolis, MN 55418
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  /61

  $765,000

  • 8 Beds
  • 4 Baths
  • 3,553 Sq Ft

  909 22nd Ave NE, Minneapolis, MN 55418

  Step back in time and experience this meticulously maintained fourplex, seamlessly blending 19th century craftsmanship with contemporary updates. With an impressive 4,000 square feet of living space, each unit carries 2 bedrooms, hardwood floors and a private 3-season porch, with potential to add living space to the unfinished attic with walkup access. BONUS: 2 units have an additional balcony or

  Nicole Pomerleau Realty ONE Group Choice

  909 22nd Ave NE, Minneapolis, MN 55418
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  /62

  $314,900

  • 4 Beds
  • 2 Baths
  • 2,024 Sq Ft

  3022 Grand Ave S, Minneapolis, MN 55408

  Please see 3D Tour for virtual walk-through of the entire building. Location Location Location! This Lyn-Lake duplex is so close and walkable to everything! Steps from Lake & Grand, it's perfect for the investor OR the owner-occupant. Live in one unit and rent out the other! Both units have been extensively updated & remodeled, and they each feature two bedrooms and an updated bathroom. The roof

  Denise & Lyman Jenkins RE/MAX Results

  3022 Grand Ave S, Minneapolis, MN 55408
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  /48

  $1,149,000

  • 2 Beds
  • 2 Baths
  • 2,117 Sq Ft

  45 University Ave SE Unit 904, Minneapolis, MN 55414

  Experience an extraordinary city lifestyle in this one-of-a-kind 9th-floor residence spanning the entire west end of Cobalt Condominiums. Sweeping 180-degree vistas showcase the glittering Minneapolis skyline, breathtaking sunsets, and serene northern views. Brought to life by architect Jeff Schweitzer, this luxury home is on the market for the first time. Designed for both grand entertaining and

  Shane Spencer Coldwell Banker Realty

  45 University Ave SE Unit 904, Minneapolis, MN 55414
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  /21

  $319,900

  • 3 Beds
  • 2.5 Baths
  • 1,505 Sq Ft

  1006 van White Memorial Blvd, Minneapolis, MN 55411

  Less than a mile from downtown Minneapolis and the North Loop, this 3-bedroom, 3-bathroom townhome withattached two-car garage is ideal for owner-occupants or a rental unit for investors! Step inside to an open concept main level with 9’ ceilings, cozy electric fireplace, and built-in bookcases. The kitchen features double stacked cabinets to the ceiling, stainless steel appliances, gas

  Bridgette Prew Redfin Corporation

  1006 van White Memorial Blvd, Minneapolis, MN 55411
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  /22

  $364,900

  • 4 Beds
  • 2 Baths
  • 2,158 Sq Ft

  2726 Grand Ave S, Minneapolis, MN 55408

  Solid, updated up/down duplex in prime Whittier neighborhood. Close to all the action, fun & convenience of public transportation & hwy's. Most all features have been updated in the last 10 yrs & recently cleaned, painted & tidied up to make this one ready to roll for an investor or owner-occ moving in to one unit & getting $1250-1450/m from the other. Shared coin-op laundry & storage in shared

  Reid Lenz Verde Real Estate Group

  2726 Grand Ave S, Minneapolis, MN 55408
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  /20

  $480,000 Coming Soon

  • 11 Beds
  • 4 Baths
  • 3,757 Sq Ft

  2500 16th Ave S, Minneapolis, MN 55404

  Discover a well-maintained 4-plex that blends timeless character with reliable investment performance. This classic building showcases beautiful original woodwork, abundant natural light, and hardwood floors throughout - creating warm and inviting spaces that tenants love. The exterior has been freshly painted, giving the property excellent curb appeal and minimizing immediate maintenance needs.

  Katherine Roselle Real Broker, LLC

  2500 16th Ave S, Minneapolis, MN 55404
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  /44

  $525,000

  • 4 Beds
  • 4 Baths
  • 2,454 Sq Ft

  3952 Bloomington Ave, Minneapolis, MN 55407

  Fully remodeled side by side duplex in need of a new owner. Unheard of 2 bed 2 full bath units on both sides tastefully upgraded. Continue ownership of a successful short term rental or move into one of the comfortable units. Easy option to convert to long term tenants or continue the furnished rentals.

  Caleb Carlson Real Broker, LLC

  3952 Bloomington Ave, Minneapolis, MN 55407
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  /46

  $849,000

  • 11 Beds
  • 5 Baths
  • 5,634 Sq Ft

  2316 Aldrich Ave S, Minneapolis, MN 55405

  Great investment 4-plex opportunity with good cash flow. All units are rented and the property has an excellent rental history. Well maintained and updated. New electrical system. Three spacious 2 bedroom one bath units and a large 2-floor 5 bedroom and two bath unit. Separate electrical and gas for each unit. Unit 1 leases for $1,390/month at $1,390 through August 31, 2026. Unit 2

  Gary Bennett Lakes Area Realty

  2316 Aldrich Ave S, Minneapolis, MN 55405
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  /60

  $549,900

  • 6 Beds
  • 3 Baths
  • 3,959 Sq Ft

  3448 Girard Ave S, Minneapolis, MN 55408

  This spacious up/down duplex is conveniently located within walking distance of Bde Maka Ska and is close to Uptown. The upper unit features two bedrooms, one full bathroom, in-unit laundry, hardwood and tile floors, a lovely 4-season porch (which could be BR 3), high ceilings, and a separate dining area with a built-in buffet. It also features a large kitchen. The main level unit spans two

  Laurie Allen Coldwell Banker Realty

  3448 Girard Ave S, Minneapolis, MN 55408
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  /26

  $325,000

  • 4 Beds
  • 2 Baths
  • 2,244 Sq Ft

  3800 N 6th St, Minneapolis, MN 55412

  Fantastic Minneapolis duplex just minutes from everything — 5 minutes to NE Mpls Arts District with tons of restaurants and entertainment, 15 minutes to Downtown, and easy access to I-94. Located near the exciting River North Development Project, bringing long-term value, new amenities, new jobs, and revitalization to the area. Each unit offers 2BR/1BA with many recent updates, including new

  Kristy Burau Coldwell Banker Realty

  3800 N 6th St, Minneapolis, MN 55412
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  /28

  $325,000

  • 4 Beds
  • 3 Baths
  • 2,534 Sq Ft

  1070 21st Ave SE, Minneapolis, MN 55414

  Great opportunity to own this charming duplex, income producing property located close to The University of MN, transportation, parks, shopping, and restaurants. This asset offers significant value-add potential through interior upgrades and rent repositioning, making it an excellent opportunity for investors seeking stable cash flow with income growth.The two-story duplex features two

  Kaela Kullman eXp Realty

  1070 21st Ave SE, Minneapolis, MN 55414
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  /24

  $299,000

  • 6 Beds
  • 2 Baths
  • 2,034 Sq Ft

  2736 16th Ave S, Minneapolis, MN 55407

  Perfect for investors or owner-occupants! This 6BR/2BA duplex features long-term tenants onmonth-to-month leases, offering steady income and flexibility. Each unit includes its own washer anddryer, and tenants are aware of rent adjustments to align with current market values. The lower levelunit has access to the unfinished basement. This is a versatile opportunity to live in one unit

  Antoinette Amoni LPT Realty, LLC

  2736 16th Ave S, Minneapolis, MN 55407
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  /36

  $349,900

  • 4 Beds
  • 2 Baths
  • 1,475 Sq Ft

  1426 Washington St NE, Minneapolis, MN 55413

  Rare opportunity for a NE Arts District duplex with separate fenced yards, separate garage stalls for each unit, a deck for upper level unit overlooking the yard & a rear porch for the main level unit. Both units have 200 amp electric! Main floor features refinished hardwood floors, spacious living room, dining area, a large picture window, Victorian millwork, updated lighting in recent years,

  Elizabeth Sibet eXp Realty

  1426 Washington St NE, Minneapolis, MN 55413
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  /52

  $429,900

  • 7 Beds
  • 2 Baths
  • 2,950 Sq Ft

  514 5th Ave SE, Minneapolis, MN 55414

  Price reduced $70,000 !!!!! 7 bedroom duplex in Marcy Holmes available at a great price!! Features: Hardwood floors, off street parking for all tenants, in unit laundry, hardwood floors, rear deck, spacious kitchens, 55ft x 133ft lot and more! Conveniently located within walking distance to coffee shops, restaurants, bars, UofM, St Anthony Main, downtown Mpls and more! Upper unit recently rented

  Dave Doran eXp Realty

  514 5th Ave SE, Minneapolis, MN 55414
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  /30

  $639,950

  • 8 Beds
  • 4 Baths
  • 3,400 Sq Ft

  1107 57th Ave N, Minneapolis, MN 55430

  8 hr notice to show. This property offers an excellent opportunity for a new or growing investor to step into a cash-flowing asset. -Three units occupied w/market-rate tenants and a lease is pending on the fourth. Two units have been updated. -4 furnaces-CenterPoint Energy has quoted approx. $2,500 to separate gas meters, allowing future heat costs to be shifted to tenants, further increasing net

  Ishmael Israel National Realty Guild

  1107 57th Ave N, Minneapolis, MN 55430
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  /21

  $354,900

  • 2 Beds
  • 2 Baths
  • 1,837 Sq Ft

  110 1st Ave NE Unit F1006, Minneapolis, MN 55413

  Sky-high downtown views, privacy, and elegance. Perched on the 10th floor in the Falls Tower—part of the coveted Falls Pinnacle—on the cusp of Northeast and in the heart of Downtown Minneapolis, this sprawling two-bedroom, two-bathroom home is the epitome of urban living, offering sophistication, comfort, and breathtaking views from every room. Rarely does a Minneapolis home of this magnitude and

  Mike Wilen ™ Coldwell Banker Realty

  110 1st Ave NE Unit F1006, Minneapolis, MN 55413
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  /93

  $1,200,000

  • 7 Beds
  • 5 Baths
  • 4,332 Sq Ft

  1621 W 25th St, Minneapolis, MN 55405

  A rare opportunity to own a fully remodeled triplex just steps from Lake of the Isles—offering timeless charm, elevated finishes, and exceptional flexibility. This is not your typical multi-family home. Nearly every surface has been updated by a meticulous owner with the intention of using it as a primary residence. The result? A level of care, craftsmanship, and investment rarely seen in income

  Rebecca Quinby Reside

  1621 W 25th St, Minneapolis, MN 55405
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  /51

  $385,000

  • 7 Beds
  • 2 Baths
  • 2,746 Sq Ft

  918 Queen Ave N, Minneapolis, MN 55411

  Well spacious duplex—perfect for both homeowners and investors! This property features a total of 7 bedrooms, offering ample space for comfortable living. Enjoy the convenience of three large garage stalls and separate utilities for each unit. The second unit is currently occupied and generating rental income, while the first unit will be available for an owner-occupant or new tenants. A

  Kimberly Fields Keller Williams Integrity Realty

  918 Queen Ave N, Minneapolis, MN 55411
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  /31

  $365,000

  • 2 Beds
  • 2 Baths
  • 1,377 Sq Ft

  4244 28th Ave S, Minneapolis, MN 55406

  Welcome to 4244-4246 28th Ave S — a charming and character-rich side-by-side duplex nestled in a great Minneapolis neighborhood! Located a block away from Lake Hiawatha and fabulous coffee shops and restaurants. Whether you're looking for a smart house-hack or a solid investment property, this home checks all the boxes. Each unit showcases beautiful hardwood floors, preserving its timeless appeal

  Bradley Adam Fathom Realty MN, LLC

  4244 28th Ave S, Minneapolis, MN 55406
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  /35

  $645,000

  • 10 Beds
  • 5 Baths
  • 4,757 Sq Ft

  1604 Elliot Ave, Minneapolis, MN 55404

  Pride of ownership is evident in this charming home! From the beautiful gardens and landscaping to the exquisite character and woodwork inside, you won't be disappointed! This home is zoned for a duplex; however, it can be used in a variety of ways. Three of the four levels are complete with bedrooms, baths, kitchens, laundry and main living spaces. This could be an owner occupant home with

  Kelle Bowe Coldwell Banker Realty

  1604 Elliot Ave, Minneapolis, MN 55404
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  /18

  $344,900

  • 7 Beds
  • 2 Baths
  • 3,422 Sq Ft

  617 Morgan Ave N, Minneapolis, MN 55411

  1 % RULE! A fantastic investment property or a perfect owner-occupied home! With a new roof and siding, the major updates are already done. The vacant upstairs unit spans two stories and features brand-new kitchen cabinets and counters, fresh paint, and updated bathroom tile. The basement has the potential to be a separate unit under the Minneapolis 2040 Plan. Don’t miss out—this opportunity

  Ineye Bobmanuel Keller Williams Realty Integrity Lakes

  617 Morgan Ave N, Minneapolis, MN 55411
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  /27

  $650,000

  • 6 Beds
  • 4 Baths
  • 3,735 Sq Ft

  3513 Emerson Ave S, Minneapolis, MN 55408

  PRIME SOUTH MPLS 4-UNIT INVESTMENT - WALKABLE LOCATION! Exceptional opportunity for investors or owner-occupants! This meticulously maintained, four-unit building is nestled in a highly sought-after South Minneapolis neighborhood, just blocks from Bde Maka Ska and the area's vibrant dining and retail scene. The property features a desirable mix of units, including: two 2 bed 1 bath and two 1 bed

  Brian Hauke Doro Real Estate

  3513 Emerson Ave S, Minneapolis, MN 55408
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  /24

  $425,000

  • 7 Beds
  • 3 Baths
  • 2,886 Sq Ft

  1081 13th Ave SE, Minneapolis, MN 55414

  Why pay rent when you can have others do it for you? Spacious duplex walking distance to the U, shops and restaurants. Hardwood floors with walnut inlay, stained glass and plenty of off-street parking. Terrific opportunity for owner-occupant or investor.

  Kari Lundin Keller Williams Realty Integrity

  1081 13th Ave SE, Minneapolis, MN 55414
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  /62

  $1,175,000

  • 7 Beds
  • 4 Baths
  • 6,080 Sq Ft

  2833 Irving Ave S, Minneapolis, MN 55408

  For the first time in over 23 years, this rare East Isles architectural gem presents an exceptional owner-occupant or investment opportunity. Perfectly suited for duplex or triplex use, this stately three-story four-square offers four full levels of living space, including a finished lower-level walkout apartment with a private entrance and patio—ideal for immediate rental income. The main level

  Cari Ann Carter Edina Realty, Inc.

  2833 Irving Ave S, Minneapolis, MN 55408
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  /52

  $745,000

  • 8 Beds
  • 7 Baths
  • 5,056 Sq Ft

  1212 Douglas Ave, Minneapolis, MN 55403

  Spacious 8-Bedroom, 5-Bath Duplex in Historic Lowry Hill – over 5,000 Sq Ft. This exceptional duplex offers flexibility for both owner-occupants and investors. Live in one spacious unit while generating rental income from the other to offset mortgage payments, or use it strictly as an income-producing property in one of Minneapolis’s most desirable neighborhoods. The property is a stately

  Chris Carrow Coldwell Banker Realty

  1212 Douglas Ave, Minneapolis, MN 55403
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  /48

  $769,900

  • 5 Beds
  • 3 Baths
  • 3,437 Sq Ft

  3628 Nicollet Ave, Minneapolis, MN 55409

  Discover Urban Oasis—a fully updated 5-bedroom Craftsman duplex in South Minneapolis near Uptown and Kingfield. This turnkey short-term rental is move-in ready and perfect for owner-occupants, investors, or multigenerational living. Featuring two full kitchens, two living rooms, and private indoor access between units, it offers flexible living and income potential. Enjoy hardwood floors,

  Lance Bondhus RE/MAX Experience

  3628 Nicollet Ave, Minneapolis, MN 55409
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  /9

  $700,000

  • 8 Beds
  • 4 Baths
  • 2,856 Sq Ft

  2740 Lyndale Ave S, Minneapolis, MN 55408

  Convenient location 4-Plex in Uptown on Lyndale with just a short walk to lakes, coffee shops, and restaurants. Each unit has 2 br. Building completely remodeled by previous owner : Roof, Boilers, Furnaces, electrical etc (all permits pulled). 4 separate boilers/furnaces keeps expenses low! 8 off street parking spots. Unit 2 being held vacant for sale. 2 large storage spaces with great ceiling

  Sue Brown National Realty Guild

  2740 Lyndale Ave S, Minneapolis, MN 55408
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  /37

  $229,900

  • 3 Beds
  • 2 Baths
  • 1,840 Sq Ft

  2924 Emerson Ave N, Minneapolis, MN 55411

  Beautiful two story duplex with charming front porch, original woodwork, and hardwood floors. Recent updates include NEW ROOF and gutters, NEW drain tile system in basement with battery backup on sump pump, new siding and window wraps on 2 sides of home, and the boiler heating system has been cleaned, serviced, and certified. Many of the interior rooms have been professionally painted this year.

  Stephanie Gruver RE/MAX Results

  2924 Emerson Ave N, Minneapolis, MN 55411
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  /38

  $425,000

  • 2 Beds
  • 2 Baths
  • 1,288 Sq Ft

  4025 42nd Ave S, Minneapolis, MN 55406

  Investor alert: Turnkey duplex with proven rental performance and multiple avenues to increase cash flow. Two clean 1BD/1BA units, plus a spacious unfinished lower level—perfect for storage income or future expansion. 2-car garage offers optional rent add-on. Both units are currently vacant, giving you full control over rent resets and tenant selection. High-demand Hiawatha neighborhood supports

  Michael Tierney Edina Realty, Inc.

  4025 42nd Ave S, Minneapolis, MN 55406

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Why Live in Minneapolis

Minneapolis residents enjoy an exceptional park system, with the Chain of Lakes providing year-round recreation through kayaking, sailing, and cross-country skiing across 102 miles of bike lanes and 97 miles of trails. The city's cultural scene ranks second only to New York in theater seats per capita, anchored by the renowned Guthrie Theater and Walker Art Center. The restaurant scene features distinctive spots like Owamni by The Sioux Chef, which serves indigenous North American cuisine, and Spoon and Stable, known for its versatile menu ranging from bar fare to vegan dishes.

The Minneapolis housing market includes diverse options across price points. Single-family homes in Linden Hills have a median price of $875,000, while similar homes in Seward cost $335,800. Townhouses in the North Loop area have a median price of $377,500. The overall median sale price in Minneapolis is $338,000, with one-bedroom condos starting at a median price of $169,900.

Living costs in Minneapolis run 6.8% below the national average. A family with school-age children needs approximately $99,000 annually to live comfortably, while renters should aim for $54,000. Property taxes in Hennepin County stand at 1.15%, with a combined sales tax rate of 8.12%. Monthly grocery costs average $1,600 for families and $700 for renters, slightly above the national average. Housing expenses average $2,000 monthly for families and $1,900 for renters.

The city maintains excellent public transit through Metro Transit's light rail and bus system, complemented by downtown's 9.5-mile skyway system. Top-rated schools include Breck School and St. Paul Academy, both rated A+ by Niche. Major employers include Target Corporation, U.S. Bancorp, and Xcel Energy, contributing to unemployment rates consistently below national averages.

Learn more about living in Minneapolis

Home Trends in Minneapolis, MN

On average, homes in Minneapolis, MN sell after 37 days on the market compared to the national average of 53 days. The median sale price for homes in Minneapolis, MN over the last 12 months is $345,000, up 5% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$345,000

Median Single Family Sale Price

$355,000

Median Townhouse Sale Price

$259,999

Median 1 Bedroom Sale Price

$165,000

Average Price Per Sq Ft

$238

Number of Homes for Sale

815

Last 12 months Home Sales

5,724

Months of Supply

1.70

Median List Price

$340,000

Median Change From 1st List Price

0%

Median Home Sale Price YoY Change

5%