$453,583Average Value$243Average Price per Sq Ft13Homes 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.
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
Franklin Ave SE & Seymour Ave
Bus
Ontario St SE & Beacon St
Bus
Franklin Ave SE & Arthur Ave
Bus
University Of Minneapolis
Bus
23rd Ave SE & Transitway & 6th St SE
Bus
Oak St SE & University Ave SE
Reviews
Are you familiar with the Prospect Park neighborhood?
to let others know what life in this neighborhood is like.
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 41 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 $430,500, up 30% from the median home sale price over the previous 12 months.
Welcome to this charming 1941 Cape Cod home in prime Minneapolis location, just steps from the riverfront with scenic walking and biking trails, and only minutes to downtown. Set on an oversized 0.27 acre lot, this home offers a rare blend of timeless character, thoughtful updates, and functional living spaces. The main level features a warm, inviting layout with beautiful hardwood floors
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 to a fantastic investment or owner-occupant opportunity in one of Minneapolis's most highly sought-after university neighborhoods! Upper Unit: Features a spacious living room, two comfortable bedrooms, one full bath, and dedicated laundry. Main Level: Offers a sprawling, highly desirable two bedroom, one bathroom layout perfect for maximizing rental income along with a heated front porch.
WOW! A newer-construction four-unit near the University of Minnesota is a rare find. Built in 2008, this townhome-style property features four spacious units, each offering 5 bedrooms and 3 bathrooms—an ideal layout that continues to see strong rental demand. Modern construction, functional floor plans, and generous unit sizes make this opportunity stand out from typical multi-family options.
Must see M-Flats unit! Spacious 2 bedroom, 2 bathroom upper unit with great view of the neighborhood. Well maintained throughout, stainless steel appliances and in unit laundry. Windows and balcony face south direction full of sunshine in the unit. Secure building with heated parking. Conveniently located across the street from a light rail station and the Fresh Thyme grocery, liquor store, and a
Super cute home in the heart of Prospect Park with over $200,000 in updates since Summer of 2022. Stunning kitchen with quartz countertops, LG appliances and high-end wine fridge. Refinished hardwood floors on main and upper levels. New boulder wall and patio to landscape to your liking. New furnace and well-functioning central air throughout. 3rd floor with 1/2 bathroom can serve as two offices,
This condo has been well cared for and is perfect for the serious undergrad or post-grad student. Bright and airy with an additional room for office or guest. Features newer appliances, a kitchen island, hardwood floors, a private balcony, and in-unit laundry. Rentals ARE allowed, so this is also a fantastic opportunity for an investor. Secure and quiet, the University Flats community is
Top-floor 2BR/1BA condo in the heart of Prospect Park- just minutes from the U of M, the Green Line, river trails, and local restaurants. This move-in-ready home features brand-new flooring throughout, updated lighting, new appliances, and a refreshed bathroom. Unique to this unit: a cozy wood-burning fireplace and skylights that bring in natural light all day. Enjoy morning coffee or evening
Joshua DobbinsLakes Sotheby's International Realty
You’ll love the accessible and convenient location of this move-in ready 2-bedroom, 1-bath condo in the vibrant Prospect Park neighborhood. Located on the 4th floor, this well-maintained unit features a private balcony, in-unit washer and dryer, and a dedicated parking stall in the heated garage. The kitchen is fully equipped with a stainless steel refrigerator, stove, microwave, dishwasher, and
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
A wonderful transformation of a historic 1902 farm house but not at the expense of removing it's original inherent charm! Wonderfully updated with modern features. Fabulous new kitchen. Reclaimed hardwood floor. Updated baths. New mini split air conditioning units. New patio door. 5th Bedroom on main floor could be a wonderful den or office. Two sets of washer dryer units. Come Explore!
Welcome to this RARE 3 bedroom CORNER unit with 2 underground heated PARKING stalls! LOCATION LOCATION - Close to the University of MN, Huntington Stadium, light rail, Fresh Thyme grocery, Surly Brewing, biking/hiking trails, and so much more . The kitchen offers stainless steel appliances with a large breakfast bar for on-the-go meals or optional adjacent dinette area. Spacious living room with
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
Welcome to this diamond in the rough! This 3-story apartment is move-in ready and offers a spacious main-level living room, updated kitchen, laundry, essential appliances, and a 3/4 bathroom. The second level features 2 large bedrooms with all-new carpet and fresh paint throughout, plus an additional full bath. The top floor includes 3 bedrooms and a large walk-out balcony facing the Mississippi
Welcome to The Quad On Delaware, off campus student housing near University of Minnesota featuring two-, three-, and four-bedroom apartments in Minneapolis, MN. Newly renovated, spacious layouts and best-in-class amenities welcome you home, along with exceptional service and an ideal location within walking distance to shopping, dining, and entertainment options. Now leasing for Fall
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.
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!
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
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
Thornton Place is a landmark building in the heart of the Prospect Park Neighborhood. Within walking distance of the University of Minnesota. Featuring large, bright living spaces and phenomenal views in every direction. Located on the beautiful banks of the Mississippi River, we offer convenient access to both Minneapolis and St. Paul. This apartment faces Downtown Minneapolis. Come home to
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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