Twin Cities

Minneapolis, MN

Minneapolis requires a city-licensed Truth in Sale of Housing (TISH) evaluation before a home can even be shown, giving buyers a public first look at defects. The 2040 Plan allows up to 3 units on residential lots, and the lawsuit that froze it was effectively ended in 2024.

💡 Upside tip

Read the TISH report before you write an offer: it is filed with the city, flags hazardous items the seller must repair, and gives a quick read on the house's condition before you pay for your own full inspection.

Offers & competition

A full TISH report must exist before showings for single-family homes, duplexes, townhouses and first-time condo conversions; it is valid for 2 years or one sale. It is not a substitute for your own inspection, and our research did not cover Minnesota purchase-agreement contingency defaults.

Closing & who pays

Our research did not cover Minnesota closing practice in detail; ask your lender or title provider how settlement works. By custom the seller pays the deed tax and the buyer pays the mortgage registry tax.

Transfer taxes

Minnesota's deed tax is 0.33% of the price, and Hennepin County adds 0.01% for a total of 0.34%, paid by the seller. The buyer's mortgage registry tax is 0.23% of the loan plus Hennepin's 0.01% (0.24%); the county add-on authority sunsets Jan 1, 2028.

Seller disclosures

Minnesota law requires sellers to disclose known material facts, or use a qualified alternative such as an inspection report or a written waiver. In Minneapolis the TISH report sits on top of that and also requires repair of items deemed hazardous.

What you can build

The Minneapolis 2040 Plan allows up to 3 units on residential lots citywide. A 2022 court injunction was reversed on appeal in May 2024, and a 2024 state law exempted the plan from environmental-review suits on density grounds.

Permits & records

TISH reports are filed online with the city, and permit and property records are available through city and Hennepin County lookups. Check the city's permit portal for current timelines on additions or new units.

Property tax

Homesteads are classed at 1.00% of the first $500,000 of market value and 1.25% above, with a homestead market value exclusion reduced as value rises. A separate income-based Property Tax Refund (M1PR) can also lower the bill.

Rent rules

Minnesota allows local rent control, and a 2021 charter amendment authorized the Minneapolis council to act, but no ordinance has been enacted. Neighboring Saint Paul caps increases at 3% per year, with new-construction exemptions.

Key risks

Our research did not cover Minneapolis-specific physical hazards. Use the TISH report as a starting point, get your own full inspection, and check FEMA flood maps for the address.

⚠ Still verifying

Not re-verified: the current text of Minnesota's seller disclosure statute (513.52 to 513.61), the 2026 homestead market value exclusion figures (reported max of about $38,000), Minneapolis post-2024 zoning refinements, Saint Paul's latest rent-control exemptions, and standard purchase-agreement contingency periods.

Official sources

Updated: 2026-10 · Summaries of public rules as of the date shown. Not legal or tax advice. Always confirm with the official source.