Basement Finishing Cost in Minneapolis (2026)
Average cost in Minneapolis
US$15,720 — US$78,600
US$32 — US$100 per sq ft
Cost Breakdown
ItemizedSkilled trades and general contracting
60%
Drywall, flooring, insulation, and trim
30%
Building, electrical, and plumbing fees
7%
Plans, cleanup, and debris removal
3%
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 7 sources and market data for Minneapolis. Actual costs may vary depending on specific project requirements.
📈Price Momentum
Year-over-year~1 year ago
US$40,154
Today
US$42,402
Basement Finishing in Minneapolis is ↑ 5.6% compared to roughly a year ago — about US$2,249 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
134 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
Homeowners in the Minneapolis market typically see a return on investment (ROI) of 55% to 75%, especially when adding livable square footage like a bedroom or family room.
Adding a full bathroom in a Minneapolis basement typically adds between $10,000 and $25,000 to the total project cost, depending on existing plumbing access and fixture quality.
Total permit fees for a standard basement project in Minneapolis range from $1,200 to $3,200, covering building, electrical ($101+), plumbing ($85+), and mechanical ($218+) permits.
To meet local safety codes for basement bedrooms, retrofitting an egress window typically costs between $3,000 and $5,000 per unit, including excavation and installation.
📊Our Methodology
How we collect dataAggregated from 5+ 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: 2 weeks 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.