$468,127Average Value$244Average Price per Sq Ft18Homes For Sale
College kids and lifelong residents live together in Prospect Park
Right off the banks of the Mississippi River is Prospect Park, a Minneapolis neighborhood that’s home to residents ranging from college students to young families to lifelong residents. The University of Minnesota Twin Cities is minutes away, and many residents attend classes or work at the university. People from all over the city visit Tower Hill Park for its landmark water tower, the Witch’s Hat, which was built in 1913. Residents can get dinner at the Market at Malcolm Yard, but highway access and public transit make it easy to travel anywhere in the Twin Cities.
Prospect Park offers scenic views of the Mississippi River and downtown Minneapolis.
Washington Avenue will lead you to downtown Minneapolis.
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A variety of homes, townhouses and condos fill the neighborhood
Prospect Park offers a wide variety of housing, including townhouses, condos and single-family homes along the Mississippi River. Most of the houses were built before 1950, and Realtor Julie Glass with Edina Realty says, “There’s a really nice variety of architectural styles within that era.” Larger homes include Tudor Revivals, Queen Annes and Colonial Revivals, but you can also find some bungalows and American Foursquares. Once the snow melts, residents decorate their yards with vibrant gardens that you can explore during the annual Prospect Park Garden Walk. Condos are more common along University Avenue and have more contemporary designs.
Over 85% of the residents rent, and many of those renters are college students. That being said, there are plenty of opportunities to own. The median single-family price is higher than in Saint Anthony Park, with most homes and townhouses here ranging from the mid-$300,000s to the mid-$800,000s. Condos typically cost between the low $200,000s and the mid-$300,000s.
Prospect Park is home to a variety of Colonial Revival homes.
Tudor Revivals add to the neighborhood's charm.
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Students attend the University of Minnesota and Minneapolis schools
The University of Minnesota Twin Cities is right next door and offers over 150 undergraduate majors and minors and over 550 graduate and professional degrees.
Younger students can attend Minneapolis Public Schools, which receives an A-minus from Niche, including Edison Senior High School, which offers the International Baccalaureate Program and concurrent-enrollment courses.
Northeast Middle School prepares each student for future college and careers.
Thomas Edison High School serves students in grades nine through 12.
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Witch’s Hat and neighborhood events are community staples
While residents can walk their dogs through the U of M’s campus, they can also visit the several parks in the neighborhood. You can:
Visit the iconic Witch’s Hat water tower at Tower Hill Park
Walk around the garden or cool off at the summer wading pool at Luxton Park
Bring your kids to the playground at Chergosky Park
Rent a plot at Bridal Veil Gardens
Take a stroll along the Mississippi River at East River Flats Park
Prospect Park has “a super strong community,” Glass says, and part of that is because of events from the Prospect Park Neighborhood Association. “They do an ice cream social, a kid’s parade,” says Michael Korby, Glass’s partner at Edina Realty. “It’s all really within Prospect Park, rather than a regional festival.” One of the highlights is the Fire & Ice Festival at Luxton Park every February, where neighbors have a huge bonfire to get rid of dried-up Christmas trees. There’s also live music, horse-drawn hayrides and hot cocoa.
The Witch's Hat looks out over Prospect Park.
Bikers can ride along dedicated bike trails.
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Walkability is a main draw for Prospect Park
Even during the winter, people will walk to campus or to the M Health Fairview University of Minnesota Medical Center – East Bank. “I think that’s probably one of the biggest draws of that neighborhood,” Glass says. “People who work at the U of M or the hospital love that.” Public transportation is widely available, with Metro Transit buses and the Metro Green Line Light Rail along University Avenue. Still, plenty of people drive. “As far as no-car households, it’s rare, but I’d have to say it’s probably one of the few neighborhoods where we see a lot of one-car households,” Korby says. You can easily hop on Interstate 94 to reach downtown Minneapolis, less than 5 miles away, and downtown Saint Paul, about 10 miles away.
Many residents rely on their bikes for daily transportation.
A person waits with their skateboard for traffic to pass on Washington Avenue.
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The Market at Malcolm Yards is a food hall with plenty of options
When they want a drink or a bite to eat, residents can walk over to the Market at Malcolm Yards, a collection of restaurants in a renovated factory space. “It’s like a food court,” Korby says. Options include:
Bebe Zito Ice Cream & Burgers, a Minneapolis chain known for its signature sauce
Delsur, an Argentinian restaurant with empanadas
Kinsley’s Smokehouse Deli, an East Coast-inspired sandwich shop
World Street Kitchen, an eatery with menu items from across the globe
Wrecktangle Pizza, a pizzeria that serves Detroit-style slices
After dinner, you can grab a drink at O’Shaughnessy Distilling Co. or Surly Brewing Co. There are more dining options and bars in West Seventh. Most residents get their groceries from Lunds & Byerly's in Marcy-Holmes, but there is also a Fresh Thyme Market along University Avenue.
Stub and Herb's Cocktails & Dining Emporium has been a University of Minnesota staple since the 1930s.
Colder months in Prospect Park, warm up next to the fire at the Market at Malcolm Yards.
Prospect Park residents multitask while enjoying the fares off Washington Ave.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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Minneapolis-St Paul International/Wold-Chamberlain
21 min drive
Bus
University Ave SE & 23rd Ave (Huron)
Bus
23Rd Ave Se & Transitway / 6Th St Se
Bus
25Th Ave Se & University Ave
Bus
27Th Ave Se & University Ave / 4Th St
Bus
Umn - Minneapolis
Bus
University Ave & Bedford St Se
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University Ave & Malcolm Ave Se
Reviews
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Crime and Safety
1 - Low Crime, 10 - High Crime
Prospect Park
US
Homicide
6
4
Sexual Assault
8
4
Assault with Weapon
6
4
Robbery
4
4
Burglary
7
4
Motor Vehicle Theft
6
4
Larceny
6
4
Crime Score
5
4
Source: WhatIsMyCrimeRisk.com
Prospect Park Demographics and Home Trends
On average, homes in Prospect Park, Minneapolis sell after 39 days on the market compared to the national average of 55 days. The median sale price for homes in Prospect Park, Minneapolis over the last 12 months is $486,000, up 22% from the median home sale price over the previous 12 months.
Charming, well-maintained, and truly unique contemporary 3-level townhouse located just one block from the scenic Mississippi River. Enjoy easy access to beautiful walking, running, and biking trails along the riverfront, all within walking distance to the University of Minnesota Medical Center and campus. The owner's unit spans the upper two floors and features 2 bedrooms, 2 bathrooms, a huge
Fantastic opportunity to own in the desirable University Flats on the East Bank near the U of M. This sun-filled first-floor unit offers open concept living, dining, and kitchen area. The kitchen features sleek granite countertops, stainless steel appliances, and wood floors. The spacious bedroom includes good sized closet and the versatile den area is perfect for a home office, den, or even a
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Perfectly situated within steps of East River Parkway in Prospect Park, this property meets the three Ls in real estate – location, location, location! The amenities are plenty starting with south and west facing windows. Located just minutes from from M Health Fairview, University of Minnesota, M Health Fairview Masonic Children’s Hospital, etc.A lot has been done to make this beautiful,
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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
Welcome home! Located in the heart of the University of Minnesota, this 2 bed 2 bath w/ heated underground garage condo is conveniently located. Rentals are permitted by the association.In-Unit laundry, spacious bedrooms each with an en-suite bathroom. Furniture included with sale as well.Condo has a large private covered patio.Garage spot and street parking available.
Experience effortless condo living in the heart of Prospect Park. This move-in ready home offers unbeatable convenience—just steps from the Metro Green Line and minutes from the University of Minnesota, making it ideal for students, faculty, or anyone needing quick access to either downtown.Located near Huntington Bank Stadium, restaurants, parks, and neighborhood amenities, this
A Rare Blend of Historic Charm and Modern Sophistication in Prospect Park. Discover the exceptional character and timeless elegance of this beautifully updated home in the highly sought-after Prospect Park neighborhood of Minneapolis. Set within the historic East River Mews community and surrounded by mature trees, rain gardens, and nearby parks, this classic brick residence offers a truly
Located in the vibrant Southeast Minneapolis neighborhood near the University of Minnesota, 836 Thornton Street SE offers a unique opportunity for both investors and owner-occupants alike. This urban duplex boasts a spacious 2,590 square feet of living space, encompassing 5 bedrooms and 2 bathrooms. Situated on a 0.12-acre lot, the property is zoned under Corridor 4, presenting significant
Beautifully maintained CORNER condo unit featuring newer luxury vinyl plank flooring, stainless steel appliances, convinient in unit laundry and lots of natural light. The spacious primary suite includes a private bathroom and large walk-in closet, while the balcony brings the outdoors in without leaving the unit. The usable flow of the kitchen offers a convenient breakfast bar for casual dining
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Located just minutes from the University of Minnesota, The Quad on Delaware offers a premium take on UMN off-campus housing, where resort-style amenities meet a prime, central Minneapolis address. From tailgates at Huntington Bank Stadium to easy access to campus and transportation, everything you need is just around the corner.Choose from two, three, and four-bedroom apartments
Modern. Industrial. Vibrant. The Station at Malcom Yards apartments are a perfect blend of contemporary design and industrial charm. Enjoy access to a vibrant community, dining, and shopping experiences in the heart of industrial Malcolm Yards in Minneapolis. Explore modern, pet-friendly, living spaces and functional amenities designed to enhance your everyday. Amenities include a Sky Lounge,
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.
An exceptional variety of floor plans assures that you will find a home that satisfies your needs: we offer studios, 2-level urban “townhouses”, 1 & 2 bdrm units. Each design incorporates all the features you would expect in a luxury home. Some homes open to their own private ground-level pocket garden, deck or rooftop terrace. Most units have extraordinary views of the Mississippi and of the
Introducing exceptional student housing at Factory Lofts, ideally nestled within the lively University of Minnesota Life Sciences campus. Our distinctive loft-style apartments effortlessly fuse historic charm with contemporary convenience, creating an ideal haven for students seeking a dynamic and unique living experience.With a limited offering, seize the opportunity now to become a part
A historic warehouse loft conversion, MAX Minneapolis Apartments pays homage to authentic turn-of-the-century style and modern luxury. Focused on community and convenience, MAX is an ideal housing option for those seeking a prime location in Minneapolis. Easy commuter access to 94, 35 and 280, light rails or MetroTransit and quick access to Prospect Park, walking & biking trails!
Nestled on 4th Street across the way from Prospect Park Station, when you live HERE you'll be a Light Rail ride away from everything the Twin Cities have to offer. With a range of premium student studio, one-, and two-bedroom apartments, HERE MN is the clear choice for anyone looking to call Minneapolis home. Schedule your in person tour today or take a virtual tour at your convenience.
The Arrow Apartments seek to serve Minneapolis area by providing modern apartments within walking distance to the UMN campus, US Bank Stadium, and so much more! The Arrow Apartments provide many options from Studios to 4 Bedroom apartments. While living here you'll be able to enjoy our fitness center, multiple study rooms, a free printing center, our outdoor rooftop patio, and premium finishes in
Student-friendly and affordable apartments steps from campus!Apply today! Located just five minutes from the University of Minnesota, our community offers a convenient and comfortable living experience ideal for students and professionals. Rental rates vary based on unit updates and finishes, giving you flexibility to find a space that fits your style and budget.Contact us today to learn
Located near the banks of the Mississippi River in the Prospect Park neighborhood of Minneapolis, Yale Place is tucked into a quiet residential setting with convenient access to the University of Minnesota and Interstate 94. These well-kept apartment homes offer onsite laundry and available off-street parking, providing comfort and convenience in a charming neighborhood setting. Come home to Yale
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
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