Basement Finishing Cost in Minneapolis (2026)
Average cost in Minneapolis
US$19,000 — US$140,000
US$32 — US$100 per sq ft
Cost Breakdown
ItemizedSkilled trades and general contracting
60%
Drywall, flooring, and framing
30%
City of Minneapolis building and trade fees
5%
Egress windows and MN-code insulation
5%
Sales Tax at 6.88%
📋What's Included
ScopeTypically Includes
- Framing & drywall
- Basic flooring (LVP or carpet)
- Electrical (outlets & lighting)
- Egress window (if required)
- Painting
- Basic bathroom rough-in
Typically Excludes
- Full basement bathroom
- Built-in bar or kitchen
- Home theater wiring
- Waterproofing (separate cost)
- Permits & inspections
Assumes an unfinished basement with existing concrete floor and basic utilities.
🧮Estimate Your Cost
InteractiveEstimated Cost
US$26,340 — US$39,510
Based on 8 sources and market data for Minneapolis. Actual costs may vary depending on specific project requirements.
📈Price Momentum
Year-over-year~1 year ago
US$59,801
Today
US$63,090
Basement Finishing in Minneapolis is ↑ 5.5% compared to roughly a year ago — about US$3,289 more on the average project.
Comparison derived from the year-over-year change rate, not a month-by-month price index. We don't store historical snapshots yet — when we do, this will become a real time series.
🏢Top Basement Finish Contractors in Minneapolis
Verified providersNextgen Construction LLC
803 4th St SE #2, Minneapolis, MN 55414, USA
133 reviews
Platinum Remodeling and Handyman Services
810 Lilac Dr N, Golden Valley, MN 55422, USA
38 reviews
Provider data sourced from public business directories. Ratings and reviews are public and may change. LookupCost is not affiliated with listed providers.
💬What People Actually Paid
Community❓Common Questions
Yes, Minneapolis requires building, electrical, and plumbing permits. For a typical $25,000 project, the building permit alone is approximately $966, with total permit and inspection costs for a full finish usually ranging from $1,200 to $3,200.
Adding a full bathroom typically increases the project cost by $10,000 to $25,000. This includes plumbing rough-ins, which may require concrete cutting, and high-efficiency ventilation required by local codes.
Minnesota state code requires at least one egress window in any basement used as a living space, and specifically one in every bedroom. Installing a new egress window in Minneapolis typically costs between $3,000 and $6,000 including excavation and well installation.
To withstand Minnesota's climate, local codes require superior insulation, typically R-15 continuous or R-21 cavity insulation. Professional installation for a standard 1,000 sq ft basement usually costs between $1,500 and $4,000.
📊Our Methodology
How we collect dataAggregated from 8+ verified web sources and cost databases
Licensed contractor estimates and regional cost guides
Government construction and labor statistics
Community-reported project costs and reviews
Last data collection: 4 days ago. Updates run weekly. All costs in USD.
About this data
Cost figures are estimates synthesized from public market data using AI research and refreshed regularly. Real project costs vary by scope, materials, contractor, and site conditions. Always get verified quotes from licensed contractors for your specific project.
Spotted bad data? Let us know — we'll review and update.