Basement Finishing Cost in Minneapolis (2026)
Average cost in Minneapolis
$15,720 – $104,800
$32 – $85 per sq ft
In Minneapolis, the average is $34,847 and most projects cost between $15,720 and $104,800, or about $32 – $85 per sq ft. Prices are before tax and based on 8 sources.
Cost Breakdown
ItemizedSkilled trades and general labor
55%
Drywall, flooring, and lumber
30%
Windows and moisture mitigation
7%
City of Minneapolis filing fees
3%
Unexpected repairs or upgrades
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 project
LiveYour estimate in Minneapolis
Likely range $15,720 – $76,663
- Labor55%$19,166
- Materials30%$10,454
- Egress & Code Compliance7%$2,439
- Permits & Inspections3%$1,045
- Contingency5%$1,742
Basic (rec room)
$24,242
Standard (bedroom + bath)
$34,847
Premium (full suite)
$49,695
Calibrated to 8 researched sources for Minneapolis. Before tax. Real quotes vary with site conditions.
📈Price Momentum
Year-over-year~1 year ago
$32,999
Today
$34,847
Basement Finishing in Minneapolis is ↑ 5.6% compared to roughly a year ago — about $1,848 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 providersPlatinum Remodeling and Handyman Services
810 Lilac Dr N, Golden Valley, MN 55422, USA
39 reviews
Hanson Design Build Remodel
4210 E 34th St, Minneapolis, MN 55406, USA
45 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 city code requires at least one egress window in any finished basement used for living space, and specifically in every bedroom. Professional installation typically costs between $3,000 and $5,000 per window.
Adding a full bathroom to a Minneapolis basement typically adds between $6,920 and $17,300 to the total project cost, depending on whether plumbing rough-ins already exist.
Under the Minnesota Energy Code, basement walls must be insulated to a minimum of R-15 (continuous) or R-19 (cavity). Foam plastic insulation must also be protected by a thermal barrier, such as 1/2-inch gypsum board.
No, you can perform cosmetic work like painting, installing flooring over existing subfloors, or replacing light fixtures without a permit. However, framing new walls, adding electrical circuits, or modifying HVAC ducts requires a building permit.
📊Our Methodology
How we collect dataAggregated from 6+ 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: 1 months 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.