All most all neighborhoods in Minneapolis are going to be close to major transportation hubs and highways, shopping and great restaurants with many different styles of cuisine.
If you need info on schools, here are some good websites to check out that will show you how the schools stack up: http://www.education.com, http://www.greatschools.net or http://www.schoolmatters.com
No matter what people say, most information is published freely by the MLS in cooperation with broker reciprocity. You can find info on a variety of websites including here that offer plenty of stats.
Wow - believe it or not that just about sums up Minneapolis. Minneapolis is full of great neighborhoods, most of which will meet your budget and the above mentioned needs.
Some of the neighborhoods will give you more for your money, others will require you to invest a little cash and some sweat equity, but they will be winners.
Do you prefer a quieter neighborhood or more vibrant like Uptown? Do you want to be in a more residential less commercial? What type of home do you prefer?
A lot more questions than answers - partner up with a professional - it will make the task a lot easier. Best of luck to you.
Since you aren't from here, you may want to consider having an exclusive buyer agent. I ONLY represent buyers, so there's never a chance that I might be representing the sellers at the same time. No other agents can say that. Our services are a great fit for investment buyers! Contact me for more info. Read my website, too.