$198,900
- 3 Beds
- 2 Baths
- 1,056 Sq Ft
7446 Oakley St NE Unit D446, Minneapolis, MN 55432
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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.
Home Trends in Prospect Park, MN
On average, homes in Prospect Park, Minneapolis sell after 63 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 $390,000, up 1% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$390,000
Median Single Family Sale Price
$440,000
Median Townhouse Sale Price
$255,000
Average Price Per Sq Ft
$239
Number of Homes for Sale
5
Last 12 months Home Sales
29
Months of Supply
2.10
Median List Price
$388,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
1%
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