I like to see homes get remodeled on the upper half-story level. It adds equity, makes the upper space 10x more usable, and is cheaper than moving or building a new house. I would bet that 50% of the homes in Minneapolis have 1/2 stories, and 3/4 of those could use bump-outs. My estimate is that a remodel like this would cost $10,000-$30,000, depending on who you use to remodel it and what type of construction you do on the property.
If you are interested in finding a place in Minneapolis that you can remodel please give me a call. We do free home buying and selling consultations that are 100% no pressure and no obligation. Arne 612-423-0202 http://www.soldbyarne.com