Basement Finishing Cost in Minneapolis (2026)
Average cost in Minneapolis
US$15,720 — US$104,800
US$32 — US$85 per sq ft
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 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$32,999
Today
US$34,847
Basement Finishing in Minneapolis is ↑ 5.6% compared to roughly a year ago — about US$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 providersNextgen Construction LLC
4772 Junegrass Ln, Minnetrista, MN 55331, USA
141 reviews
Groundworks Foundation Repair Downtown Minneapolis
23 4th St SE Ste 210, Minneapolis, MN 55414, USA
178 reviews
Hanson Design Build Remodel
4210 E 34th St, Minneapolis, MN 55406, USA
44 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: 3 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.