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Prospect Park Homes for Sale

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  • 73 Arthur Ave SE, Minneapolis, MN 55414
    73 Arthur Ave SE, Minneapolis, MN 55414
    73 Arthur Ave SE, Minneapolis, MN 55414
    /32

    $500,000

    • 4 Beds
    • 1 Bath
    • 1,907 Sq Ft

    73 Arthur Ave SE, Minneapolis, MN 55414

    Set high on a hill, in the heart of the Prospect Park neighborhood is a true gem of a home, available for the first time in over 50 years! Step inside to find a treasure of charm & character, with beautiful rich oak woodwork, wide crown & cove moldings, hardwood floors, built-in buffet, glass doorknobs, built-ins and more. The focal point of the living room is the stunning fireplace, framed by

    Holly Firehammer Coldwell Banker Realty

    73 Arthur Ave SE, Minneapolis, MN 55414
  • 241 Cecil St SE, Minneapolis, MN 55414
    241 Cecil St SE, Minneapolis, MN 55414
    241 Cecil St SE, Minneapolis, MN 55414
    /25

    $360,000

    • 3 Beds
    • 2 Baths
    • 1,707 Sq Ft

    241 Cecil St SE, Minneapolis, MN 55414

    Welcome to your dream home in the heart of the iconic Prospect Park neighborhood—where timeless character meets modern comfort! From the moment you step through the charming parlor entry, you’ll be swept away by the warmth of beautiful original hardwood floors, gorgeous woodwork, and heavy original doors that whisper stories of the past.The main level offers spacious living, dining, and a

    Viet Le eXp Realty

    241 Cecil St SE, Minneapolis, MN 55414
  • 836 Thornton St SE, Minneapolis, MN 55414
    836 Thornton St SE, Minneapolis, MN 55414
    836 Thornton St SE, Minneapolis, MN 55414
    /9

    $719,000

    • 5 Beds
    • 2 Baths
    • 3,108 Sq Ft

    836 Thornton St SE, Minneapolis, MN 55414

    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

    Mike Wilen ™ Coldwell Banker Realty

    836 Thornton St SE, Minneapolis, MN 55414
  • 2530 Essex St SE, Minneapolis, MN 55414
    2530 Essex St SE, Minneapolis, MN 55414
    2530 Essex St SE, Minneapolis, MN 55414
    /4

    $399,000

    • Land
    • 0.21 Acre
    • $1,900,000 per Acre

    2530 Essex St SE, Minneapolis, MN 55414

    Land for development. U of Minnesota. Zoned Urban Neighborhood CM3, BFT Transit 30. Value in land. Sold as is.

    John Anderson Twin Oaks Realty, Inc

    2530 Essex St SE, Minneapolis, MN 55414
  • 26 Arthur Ave SE Unit 304, Minneapolis, MN 55414
    26 Arthur Ave SE Unit 304, Minneapolis, MN 55414
    26 Arthur Ave SE Unit 304, Minneapolis, MN 55414
    /18

    $189,900

    • 2 Beds
    • 1 Bath
    • 952 Sq Ft

    26 Arthur Ave SE Unit 304, Minneapolis, MN 55414

    Top-floor two-bedroom, one bathroom 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

    Joshua Dobbins Lakes Sotheby's International Realty

    26 Arthur Ave SE Unit 304, Minneapolis, MN 55414
  • 616 Erie St SE, Minneapolis, MN 55414
    616 Erie St SE, Minneapolis, MN 55414
    616 Erie St SE, Minneapolis, MN 55414
    /4

    $480,000

    • Land
    • 0.00 Acre

    616 Erie St SE, Minneapolis, MN 55414

    Don't miss the opportunity to develop there (2) lots in an extremely high-demand area. It would be a perfect property for the U of M healthcare facility that is a few blocks away. the buyer will need to get approvals for any development.

    Todd Priebe Re/Max Advantage Plus

    616 Erie St SE, Minneapolis, MN 55414
  • 629 Oak St SE, Minneapolis, MN 55414
    629 Oak St SE, Minneapolis, MN 55414
    629 Oak St SE, Minneapolis, MN 55414
    /54

    $875,000

    • 10 Beds
    • 4 Baths
    • 2,679 Sq Ft

    629 Oak St SE, Minneapolis, MN 55414

    Discover an exceptional front-to-back multi-level duplex nestled in the vibrant heart of Stadium Village at the University of Minnesota! This renovated property, features a rear addition completed in 2010, and offers the perfect blend of modern comfort and student-friendly living. Each of the spacious units boasts 5 inviting bedrooms, 1.75 stylish baths, and private decks perfect for

    Laurie Allen Coldwell Banker Realty

    629 Oak St SE, Minneapolis, MN 55414
  • 831 River Mews Ct, Minneapolis, MN 55414
    831 River Mews Ct, Minneapolis, MN 55414
    831 River Mews Ct, Minneapolis, MN 55414
    /51

    $585,000

    • 4 Beds
    • 3.5 Baths
    • 2,447 Sq Ft

    831 River Mews Ct, Minneapolis, MN 55414

    HIGHLY SOUGHT-AFTER EXECUTIVE TOWNHOME in Prospect Park neighborhood and within a walking distance of the Mississippi River! Located close to U of M, light-rail stops, biking trails, Dinkytown, shops and much more. This 4bed/4bath, END unit townhome has 2,447 finished square feet that includes a finished basement w/oversized guest suite. This meticulously cared for home features an open floor

    Merit Raff Edina Realty, Inc.

    831 River Mews Ct, Minneapolis, MN 55414
  • 2600 University Ave SE Unit 106, Minneapolis, MN 55414
    2600 University Ave SE Unit 106, Minneapolis, MN 55414
    2600 University Ave SE Unit 106, Minneapolis, MN 55414
    /19

    $215,000

    • 1 Bed
    • 1 Bath
    • 722 Sq Ft

    2600 University Ave SE Unit 106, Minneapolis, MN 55414

    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

    Anne Gustafson Edina Realty, Inc.

    2600 University Ave SE Unit 106, Minneapolis, MN 55414
Minnesota Minneapolis Prospect Park

Real Estate & Homes for Sale in Prospect Park, Minneapolis

Why Live in Prospect Park
Prospect Park in Minneapolis is centrally located along the northern side of the Mississippi River, offering a unique layout that deviates from the typical grid pattern. This neighborhood is known for its historic homes dating back to the late 1800s, featuring architectural styles such as Queen Anne, Colonial Revival, and Tudor Revival, with some modern builds along the waterfront. Home prices vary significantly, with properties near the river ranging from $600,000 to $900,000, while those on the other side of Interstate 94 are more affordable, typically between $210,000 and $600,000. The area is dotted with greenspaces, including the notable Tower Hill Park, home to the iconic “Witch’s Hat” water tower, and Luxton Park, which offers athletic fields, a playground, and a recreation center. Residents enjoy walking or biking the trails along the East River Parkway. Local attractions include Stub and Herb’s, a popular sports bar, the highly acclaimed Tea House Chinese Restaurant, and the trendy Market at Malcolm Yards food hall. The neighborhood fosters a strong community spirit with events like the Fire & Ice Festival and the Pratt Ice Cream Social. Prospect Park is well-connected with bike lanes, light rail stations, and bus stops, making it easy to access downtown Minneapolis, which is about 4 miles away, and downtown St. Paul, approximately 8.5 miles away. The area is considered safer than the national average, enhancing its appeal to potential home buyers.
Learn more about living in Prospect Park

Frequently Asked Questions

Is Prospect Park a good place to live?
Prospect Park is a good place to live. Prospect Park is considered fairly walkable and very bikeable with good transit options. Prospect Park has 6 parks for recreational activities. It is fairly dense in population with 14.9 people per acre and a median age of 27. The average household income is $66,472 which is below the national average. College graduates make up 74.7% of residents. A majority of residents in Prospect Park are renters, with 85.6% of residents renting and 14.4% of residents owning their home. A local real estate agent serving Prospect Park can help you decide if this neighborhood is the right one for you. Learn more on our Prospect Park neighborhood guide.
Is Prospect Park, MN a safe neighborhood?
Prospect Park, MN is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Prospect Park?
The median home price in Prospect Park is $360,000. If you put a 20% down payment of $72,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,860 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $80K a year to afford the median home price in Prospect Park. The average household income in Prospect Park is $66K.
What are the best public schools in Prospect Park?
The best public schools that serve Prospect Park are:
What are the best private schools in Prospect Park?
The best private schools that serve Prospect Park are:
What are the most popular zip codes in Prospect Park, Minneapolis, MN?
The most popular zip codes in Prospect Park, Minneapolis, MN include 55414, 55114, 55406, 55454 and 55104.
What are the most popular neighborhoods near Prospect Park, Minneapolis, MN?
The most popular neighborhoods near Prospect Park, Minneapolis, MN are Saint Anthony Park, Seward, Cedar-Riverside, Union Park and Cooper.
Are home prices dropping in Prospect Park?
Yes, home prices in Prospect Park are down 13% in the last 12 months.

Home Trends in Prospect Park, MN

On average, homes in Prospect Park, Minneapolis sell after 56 days on the market compared to the national average of 50 days. The median sale price for homes in Prospect Park, Minneapolis over the last 12 months is $361,000, down 7% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$361,000
Median Single Family Sale Price
$439,000
Median Townhouse Sale Price
$230,000
Average Price Per Sq Ft
$240
Number of Homes for Sale
5
Last 12 months Home Sales
30
Months of Supply
2.00
Median List Price
$360,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-7%
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