$460,093Average Value$239Average Price per Sq Ft7Homes For Sale
Historic urban village near the University of Minnesota
Sitting at the geographic center of the Twin Cities, Prospect Park winds its way up the northern side of the Mississippi River. “It’s one of a handful of places in the metro where the neighborhood doesn’t fall on the grid, giving it a different feel,” says Michael Korby, a Realtor with Edina Realty Inc., who’s been in real estate for 24 years. “It’s a wonderfully central location: easy to get downtown. You can dip down to take advantage of the recreation along the riverfront, and it’s close to the University of Minnesota and all the amenities there,” says Korby, who used to live in Prospect Park. Along with an up-and-coming industrial district, this neighborhood features historic homes from the late 1800s. Prices range from $200,000 to $850,000.
Prospect Park offers scenic views of the Mississippi River and downtown Minneapolis.
Washington Ave in Prospect Park will lead you to downtown Minneapolis.
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Picturesque architecture along the Mississippi River
A blend of single-family homes from the late 19th century to the mid-20th century creates the distinct look of modern-day Prospect Park. Along the waterfront, buyers will find stately Queen Anne, Colonial Revival and Tudor Revival designs with a few modern builds sprinkled in for between $600,000 to $900,000. The large, manicured front lawns here have mature trees providing shade and privacy from the sidewalk-lined streets. On the other side of Interstate 94, prices are lower with most homes falling into the $210,000 - $600,000 range. Houses here sit closer together on medium-sized lots of varying elevations with smaller setbacks. Korby’s business partner, Julie Glass, says buyers may have to consider the long game: “There are people who will just wait until the right thing comes along because there’s not a lot of movement within the neighborhood,” says Glass, who’s also a Realtor with Edina Realty, Inc.
Prospect Park is home to a variety of Colonial Revival homes.
Tudor style homes add to the whimsical architecture of Prospect Park.
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Panoramic city views at “Witches Hat” water tower
Greenspaces dot the neighborhood, but Tower Hill Park is the most notable. Often cited as Minneapolis’s highest natural land area, the steep paths here lead to the iconic “Witch’s Hat” water tower. The historic structure, named for its green tiled conical roof, opens to the public one day a year during the Pratt Ice Cream Social. Residents climb more than 100 stairs for panoramic views of the city. Over at Luxton Park, there are athletic fields, a playground, wading pool, and recreation center. Down at the Mississippi River, residents can walk or bike the forested trails along the East River Parkway.
The Prospect Park Water Tower at Tower Hill Park is known as the Witch's Hat Water Tower.
The bikes stay out after dark with so many dedicated trails throughout Prospect Park.
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Dining options around University Avenue
A block from Huntington Bank Stadium is Stub and Herb’s, a campus landmark since 1939. It’s a game day go-to for sports fans who pack its relaxed dining room for brews and pub fare. On University Avenue, the highly acclaimed Tea House Chinese Restaurant serves authentic Sichuan specialties in an elegant dining room with antique chairs. For a variety of cuisines, locals head to the Market at Malcolm Yards, an industrial building turned trendy food hall, before walking to Surly Brewing Company and O’Shaughnessy Distilling Company for drinks. Homecooked meals start at Fresh Thyme Farmers Market, where residents can pick up local produce and the essentials.
Stub and Herb's Cocktails & Dining Emporium has been a Prospect Park staple since the 1930's.
Colder months in Prospect Park, warm up next to the fire at the Market at Malcolm Yards.
Prospect Park residents multi-task while enjoying the fares off Washington Ave.
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Fire & Ice Festival
Heralded for its cohesive community spirit, Prospect Park has the city’s first-ever community association hosting events year-round from yard sale days in the summer to Harvest Fest in the fall. A big neighborhood tradition started in 1995. Every first Saturday in February, neighbors gather at Luxton Park to burn their holiday trees and wreaths in a big bonfire — no matter the weather. Known as the Fire & Ice Festival, the family-friendly event also has live music, food and horse-drawn hayrides.
Luxton Park is a great place for a game of fetch in all seasons.
Mississippi River Parkway has a bike line for bikers.
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Education begins at Pratt Community School
Young students can start at Pratt Community School, which receives a B-minus grade from Niche. The elementary school dates to 1898 and is a point of pride here with a 10-to-1 teacher ratio and its annual Pratt Ice Cream Social. Students can move on to Northeast Middle School and then Thomas Edison High School. Both schools have a C-plus grade. Another option is Venture Academy, a charter school that provides personalized learning to help students overcome barriers.
Northeast Middle School prepares each student for future college and careers.
Thomas Edison High School serves students in grades 9-12.
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Getting around Prospect Park
With bike lanes on major arteries like West River Parkway, Prospect Park is considered a biker’s paradise. Sidewalk-lined streets make it easy to walk around. There are also light rail stations, and bus stops providing access to both downtowns. It’s about 4 miles to downtown Minneapolis and 8 and a half miles to downtown St. Paul. Minneapolis–Saint Paul International is about 9 miles away via Interstate 94.
Prospect Park residents rely on their bikes for daily transportation.
Grab your board and head down Washington Ave to grab some food in Prospect Park.
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Minneapolis-St Paul International/Wold-Chamberlain
21 min drive
Bus
University Ave SE & 23rd Ave (Huron)
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Franklin Ave SE & Seymour Ave
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Ontario St SE & Beacon St
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Franklin Ave SE & Arthur Ave
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University Of Minneapolis
Bus
23rd Ave SE & Transitway & 6th St SE
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Oak St SE & University Ave SE
Prospect Park Demographics and Home Trends
On average, homes in Prospect Park, Minneapolis sell after 64 days on the market compared to the national average of 52 days. The median sale price for homes in Prospect Park, Minneapolis over the last 12 months is $402,500, up 7% from the median home sale price over the previous 12 months.
This beautiful 6-bedroom, 4-bathroom home, designed by architect Frederick Mann, sits on River Road in Prospect Park and is available for the first time in over 57 years! Rich in character and thoughtfully updated, it blends historic detail with modern comfort. Step through the original front door into an entryway with stained-glass windows, tile floors and an original staircase with iron
Welcome to East River Mews, a meticulously maintained townhome community in the heart of the desirable Prospect Park neighborhood. This stunning, move-in-ready end unit offers the highly sought-after floor plan thoughtfully designed by ESG Architects.Step inside and be greeted by an open, airy, and inviting floor plan with an abundance of natural light pouring in from windows on three
Welcome to this classic two-story Craftsman-style duplex in the heart of Prospect Park. Rich hardwood floors, a cozy wood-burning fireplace, and a traditional stained-glass chandelier in the dining room create an inviting atmosphere full of timeless character. The main level offers both a formal dining space for special gatherings and an eat-in kitchen for casual moments. The updated kitchen
Vintage charm meets thoughtful updates in this 1909 Prospect Park gem. Lovingly maintained by the same owners for nearly 30 years, the home sits perched above the Mississippi River in one of Minneapolis’ most sought-after neighborhoods. The inviting main floor features generous rooms with original woodwork, built-ins, leaded glass windows, beautiful hardwood floors, and an updated kitchen - with
This duplex offers great flexibility and convenience! The upper unit features a spacious living room, 2 bedrooms, a full bath, and a porch with laundry. The main floor includes 3 bedrooms and 1 bathroom, making it ideal for an owner-occupant or investment opportunity. Conveniently located near the University of Minnesota, this property provides easy access to campus, shopping, dining, and public
Welcome to Dartmouth Place!This is a rare opportunity you won’t want to miss. Just one block from the mighty Mississippi, you’ll enjoy walking, running, and biking paths along with sandy river beaches. The home is also just a block away from some of the best amenities of the University of Minnesota’s Minneapolis campus, as well as the full U of M Medical facilities.Built with unique
Explore modern, pet-friendly, living spaces and functional amenities designed to enhance your everyday. Amenities include a Sky Lounge, Fitness Center, Underground Heated Parking, Work-from-Home Stations, and more...
Accolade Minneapolis prioritizes what matters most to you – a central location, the company of friends, and top-notch amenities. Our fully furnished apartments come with all the essentials so you can focus on what matters. Choose between our fully furnished studio, one-, two-, and four-bedroom apartments.
With one foot in Minneapolis and the other on the border of Saint Paul, Solhaus offers you the best of both worlds! Our chic modern design embraces the latest in eco-friendly features such as a white membrane roof for energy efficiency, a passive solar design with large windows for natural lighting, recycling, and onsite composting. Choose from our large selection of renovated pet friendly floor
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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
