Minneapolis Neighborhoods

Phillips: Ventura Village

David Olson, RealtorBy David Olson, Realtor · October 25, 2026 · 5 min read
Phillips: Ventura Village

Twin Cities Property Finder · David Olson, Broker · MN #BK3603584 · Whitefish Property Finder · MN #40646463 · Licensed in Minnesota, Wisconsin and Florida

The Ventura Village neighborhood, located south of downtown Minneapolis, used to be a part of the Phillips neighborhood.

If you’re thinking about selling or buying here, here’s what the neighborhood is like and what to know before you tour.

Here’s an honest look, whether you’re selling or buying.

Thinking about a home in Phillips?I’ll show you what homes nearby are really selling for and which streets fit your budget.

Life in Phillips

It became a separate neighborhood in 2002 when the Minneapolis City Council accepted its proposed boundaries. However, it is still a part of the larger Phillips community. Interstate 35 occupies the western and northern boundaries, with Interstate 94 occupying the north. The neighborhood took its name from a Spanish word meaning happiness or luck, and they did so because they wanted a good start as a community.

The neighborhood has many resources, including a significant assortment of businesses, abundant bike lanes, walking proximity to the major hub of downtown, major links to transit, and a dedicated and hopeful plan for the future of the neighborhood by its 6,000 residents. Franklin Avenue is the commercial strip for Ventura Village and hosts the neighborhood library, many different businesses, a collection of diverse restaurants and shops, and the Ancient Traders Market that contains a public plaza, cafes, restaurants and American-Indian shops. Traditionally a place for immigrants, Ventura Village, and the Phillips community as a whole, is now home to the city’s main influx of Native Americans as well as mounting numbers of Asians, Latinos, and Somalis.

The neighborhood has an extensive mix of housing styles. Victorian-style homes from the early 1900’s and homes that were constructed in the 1960’s and 70’s are the major developments. Several new apartment and condominium dwellings are also now located along Franklin Avenue as well as duplexes and other rental units that are scattered throughout the area.

Nearby parks, shopping and dining

Phillips Library was established in 1890 but was substituted by Franklin Library in 1914. Franklin Library is built on land donated by Sumner T. McKnight in the Ventura Village neighborhood of Minneapolis. It was the first of four Carnegie-funded libraries constructed in the city. Franklin is one of 13 libraries developed under nationally-known library director Gratia Countryman, who was involved in swelling the city’s library system from 1904-36. The library has received historic designation from the City of Minneapolis Heritage Preservation Commission and is listed on the National Register of Historic Places. It is a member of the Hennepin County Library System. A library system that is consistently ranked in the top 10 libraries nationwide, residents have access to all of the books and resources that are a part of this network through an interlibrary loan program.

The Ventura Village neighborhood is home to two parks. They include:

Peavey Park: At 7 acres, Peavey Park offers visitors numerous ways to enjoy the outdoors. With a baseball/softball field, basketball court, picnic area, playground, restroom facility, soccer field, tennis courts, volleyball court, wading pool, and walking paths, there is something for everyone at Peavey Park. Residents enjoy the active amenities that the park provides, but for those seeking passive recreation, Peavey Park makes a great destination for a picnic. Its urban setting provides individuals with a taste of the big city while enjoying the natural space.

Schools and more

Phillips Park: Phillips Park is a very unique park located within the Ventura Village neighborhood. While very small, it provides a playground for visitors and is home to the Phillips Community Center. The Phillips Community Center includes a community kitchen, computer lab, gymnasium, meeting room and a multipurpose room. What makes the community center most unique, however, is the fact that it houses tenants who provide additional services for the community.

What buyers check before they tour

  • Age and updates: Ask when the roof, windows, furnace and water heater were last replaced, and plan a thorough inspection.
  • Association: If there’s an HOA, review the fees, what they cover and the reserves before you write an offer.
  • Schools: Confirm the assigned schools for any address with the district, since boundaries can change.

A simple plan for your Minneapolis move

I’ve been helping people sell and buy homes across Minnesota, Wisconsin, and Florida for about two decades, and I build and remodel luxury homes too. I’ll help you see both what a property is and what it could be.

1Get clear on the numbersFor sellers, a realistic value for your specific home. For buyers, what your budget actually buys in the neighborhoods you like.
2Walk it with a builder’s eyeWe spot what an inspector is likely to flag before it becomes a negotiation.
3Prepare or positionSellers get a prep list and a staging plan. Buyers get a short list of homes that truly fit.
4Move with confidenceOffers, inspections and closing, with one steady guide keeping it calm and on schedule.

Getting the house ready, or making it yours

If you’re selling and want repairs handled before buyers see them, Super Crew Contractors can give you an estimate. If you’re ready for something custom, Ivy Lane Homes does luxury home building and remodeling. And a quick coverage check with Intrinsic Insurance before closing can save you a surprise. Ready to talk? Start a buyer plan or ask what your home is worth.

Super Crew Contractors, Ivy Lane Homes and Intrinsic Insurance are owned by David Olson; you are free to use any contractor, builder or insurer.

Your next step in Minneapolis

Minneapolis homes are priced neighborhood by neighborhood. Whether you’re selling or buying, I’ll help you make a plan that fits.

Please note: I don’t handle rentals or property management. I work with sellers and buyers, and that’s where I can help you most in Minneapolis.

Twin Cities market notes

Stay close to the market, without the noise.

Every so often I send a short, practical note: what Twin Cities homes did, prep tips that are worth the money, and neighborhoods worth a look.

    It looks like you’re already on the list. Thank you! If something didn’t come through, call or text me at 952-314-9446.
    David Olson, Broker, Twin Cities Property Finder

    Thank you! You’re on the list.

    I’m glad you’re here. A quick confirmation is on its way to your inbox. Whenever you want to talk about your own home or a move, I’m a call or text away.

    — David
    National Register of Historic placespeavey parkFranklin LibraryPhillips LibrarySumner T. McKnightPhillips communityCity of MinneapolisHennepin CountyMinneapolisMinnesota

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