Minneapolis Neighborhoods

University: Prospect Park

David Olson, RealtorBy David Olson, Realtor · October 25, 2026 · 5 min read
University: Prospect Park

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

Prospect Park is situated in east central Minneapolis and within the University community.

Parks and trails are a big part of what people love about living here. Here’s a quick guide.

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

Want a home near the parks and trails?I’ll show you what homes nearby are really selling for and which streets fit your budget.

Parks and trails in University

The neighborhood borders the City of Saint Paul on the eastern side and the University of Minnesota on the west side. It is also bordered on the south by the Mississippi River and on the north by the railroad tracks. The neighborhood was established as the Prospect Park subdivision in 1885 by developer Louis Menage. In the late 1800’s, Prospect Park was incorporated into Minneapolis. The steep hills, winding streets, and the Witch’s Hat water tower add to the neighborhood’s environment. Close by shopping, recreation, and common community events also add to the community.

Prospect Park locals appreciate the neighborhood’s urban feel, and being in a small town area where it is easy to walk wherever they need to go. The 7,000 residents of Prospect Park are varied, distinctive, community-minded, and active. The neighborhood is home to Luxton Park and many small, green spaces, close to both downtowns in the Twin Cities. The neighborhood is known for its characteristic and exceptional houses, allowing for the reputation of having the highest percentage of architect-designed homes in the city. Homes fluctuate from 1880’s Victorians to more modern homes with apartments and other rental properties dispersed throughout.

Located within the neighborhood, the TCF Bank Stadium is an outdoor stadium on the campus of the University of Minnesota in Minneapolis. Opened in 2009, the stadium is the home field of the Minnesota Golden Gophers, and even hosted the NFL’s Vikings while they constructed their new stadium.

More places to get outside

The neighborhood also contains several other facilities that belong to the University of Minnesota. Such facilities include Center for Magnetic Resonance Research, Biomedical Discovery District, Mariucci Arena, Northrop Memorial Auditorium, and the University Aquatic Center. There are also several popular dining areas outside the stadium to enjoy after a game such as Buffalo Wild Wings, Punch Pizza, or several Chinese takeouts.

The Prospect Park neighborhood is home to three parks. They include:

Tower Hill Park: At 4.5 acres, Tower Hill Park is a famous location within Minnesota. It is home to the historical Witch’s Hat water tower. A water tower built in 1914, Witch’s Hat water tower served the area until 1952. It was capable of holding 150,000 gallons of water. Constructed on one of the highest points in the city, the water tower is known for its signature sloped, green tile roof and octagonal observation deck. Once a year visitors are allowed to climb to the top of the tower and look out on its observation deck on the city of Minneapolis. The views are spectacular! The Witch’s Hat water tower is on the National Register of Historic Places and continues to be a landmark within Minneapolis.

More parks

Chergosky Park: Chergosky Park is a micro park tucked away in the Prospect Park neighborhood. While only containing a playground and picnic area, the park is a great location for younger families looking to escape the busy atmosphere of the city.

Luxton Park: Luxton Park is the home of outdoor recreation within the Prospect Park neighborhood. At 4.5 acres the park has plenty of activity to offer to its visitors. Visitors enjoy the basketball court, gardens, picnic area with grill, playground, restroom facility, soccer field, softball field, wading pool, and walking paths found within the park. Additionally, visitors can make use of the Luxton Recreation Center. With its large gymnasium as well as its craft room, computer lab, community kitchen, meeting room, and multipurpose room, the recreation center adds great communal value to Luxton Park. As a whole, Luxton Park is an integral location within the Prospect Park neighborhood and plays a large role in shaping community events and recreational activities.

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

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    University CommunityChergosky ParkMariucci ArenaNorthrup Memorial AuditoriumTCF Bank StadiumWitch's HatLuxton ParkTower Hill ParkUniversity of MinnesotaCity of MinneapolisHennepin CountyMinneapolis

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