1540 E  River Ter, Minneapolis, MN 55414
OFF MARKET

1540 E River Ter
Minneapolis, MN 55414

Prospect Park
  • 2 Beds
  • 1.5 Baths
  • 2,297 sqft

$557,500

Trulia Estimate
as of Jul 18, 2026
Est. Refi. Payment $3,383/mo*

$557,500

Trulia Estimate
as of Jul 18, 2026
Est. Refi. Payment $3,383/mo*
2 Beds
1.5 Baths
2,297 sqft

Local Information

  • Map ViewExplore the area around 1540 E River Ter.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

This home is an architectural gem commissioned by Lenox Mills (original owner/Berkeley professor) & designed by Close Associates, an influential firm in the local community. Although classified as mid-century modern, its unique exterior mimics the Berkeley-inspired redwood & its interior truly exudes a traditional English Cottage style with distinctive character, most notably the garden-level kitchen/dining room & innovative blends of wood & brick throughout. Bask in the sunny southwest-facing main-level living room & family room with handsome Beachwood paneling & beams. Step out to the balcony overlooking the backyard gardens. Cozy up to the oversized wood-burning fireplace with a raised hearth. Open the hidden door to an attic with so much space & potential! Upper-level bedroom + full bath. Newly painted screen porch to relish the gorgeous sunsets, smell of lilac & backyard views where the largest remaining Gingko tree in Mpls. still stands. Newly carpeted second bedroom on the garden level + laundry & 1/2 bath. Located in the south end of Prospect Park, a special pocket of Minneapolis within walking distance to the U of M. Proximity to E. & W. River Pkwy with access to bike trails- part of the Grand Rounds Scenic Byway makes this the perfect area for the outdoor enthusiast! This home has been pre-inspected, including the sewer line. Ask agent for reports.
1540 E River Ter, Minneapolis, MN 55414 is a 2 bedroom, 2 bathroom, 2,297 sqft single-family home in Prospect Park, built in 1941. It last sold for the $550,000 asking price on Sep 3, 2024. It is currently off market. The Trulia Estimate is $557,500, with a rent estimate of $2,523/month.

Home Highlights

Parking
Garage
Outdoor
Porch, Patio, Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 1540 E River Ter

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: OtherNumber of Rooms: 9Types of Rooms: Bedroom, Bedroom 2, Dining Room, Family Room, Foyer, Kitchen, Laundry, Living Room, Screened Porch
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 2297 Square FeetFoundation Area: 1266
Appliances & Utilities
Appliances: Dryer, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, WasherDryerLaundry: Gas Dryer Hookup,Lower Level,Laundry Room,Washer HookupMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Living Room, Wood BurningHas a Fireplace
Gas & Electric
Electric: Power Company: Xcel EnergyGas: Natural Gas
Levels, Entrance, & Accessibility
Levels: Three Level SplitAccessibility: None
View
No View

Exterior Features

Exterior Home Features
Roof: Age 8 Years Or Less AsphaltPatio / Porch: Deck, Front Porch, Patio, Rear Porch, ScreenedFencing: NoneNo Private Pool
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1Other Parking: Garage Door Height (07), Garage Door Width (09)No CarportHas a GarageNo Attached GarageHas Open ParkingParking Spaces: 1Parking: Detached Garage,Concrete,Garage Door Opener,No Int Access to Dwelling
Pool
Pool: None
Frontage
Road Frontage: City StreetResponsible for Road Maintenance: Public Maintained RoadRoad Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: City Sewer/Connected
Finished Area
Finished Area (above surface): 2297 Square Feet

Days on Market

Cumulative Days on Market: 3

Property Information

Year Built
Year Built: 1941
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Not a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 3002923430045

Price & Status

Price
List Price: $550,000
Status Change & Dates
Off Market Date: Sun Jul 28 2024

Location

Direction & Address
City: MinneapolisCommunity: Mississippi Park Add
School Information
High School District: Minneapolis

Building

Building Area
Building Area: 2297 Square Feet

HOA

No HOA

Lot Information

Lot Area: 7405.2 sqft

Offer

Contingencies: None

Miscellaneous

Mls Number: 6471669Above Grade Unfinished Area: 2297Activation Date: Thu Jul 25 2024
Last check for updates: about 8 hours ago
Listed by Kim Pease, (612) 386-3046
Coldwell Banker Realty - Lakes
Marcy L Libby, (612) 920-5605
Bought with: Michael D. Smith, (651) 324-6211, Anderson Realty
Source: NorthstarMLS as distributed by MLS GRID, MLS#6471669

Price History for 1540 E River Ter

DatePriceEventSource
09/03/2024$550,000Sold
NorthstarMLS as distributed by MLS GRID #6471669
07/28/2024$550,000PendingNorthstarMLS as distributed by MLS GRID #6471669
07/25/2024$550,000Listed For SaleNorthstarMLS as distributed by MLS GRID #6471669
09/28/1999$165,000Sold
N/A

Market trends in Minneapolis

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$345K
$16.67K
MoM
Sale-to-List Price
100.0%
Price per sq ft
$208
$1
MoM
Available listings
1530
4
MoM
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Property Tax and Assessment

Year2025
Tax$5,678
Assessment$420,900
Home facts updated by county records

Comparable Sales for 1540 E River Ter

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.27
Single-Family Home
$527,366
05/15/26
3
2
2,227
0.20
Single-Family Home
$470,000
02/25/26
3
1.5
2,202
0.20
Single-Family Home
$480,000
10/23/25
5
2
2,420
0.39
Single-Family Home
$590,000
08/29/25
3
1.5
2,429
0.33
Single-Family Home
$475,000
02/18/26
3
2
1,720
0.05
Single-Family Home
$585,000
06/18/26
4
2.5
3,206
0.19
Single-Family Home
$690,000
12/08/25
4
2.5
2,800
0.35
Single-Family Home
$360,000
08/08/25
3
2
1,707
0.49
Single-Family Home
$571,000
07/06/26
3
1.5
2,314

Nearby homes

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Assigned Schools

These are the assigned schools for 1540 E River Ter.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Prospect Park

At least 35 Trulia users voted on each feature.
  • 98 % Say it's dog friendly

  • 91 % Say there are sidewalks

  • 70 % Say it's walkable to restaurants

  • 70 % Say streets are well-lit

  • 67 % Say parking is easy

  • 65 % Say people would walk alone at night

  • 63 % Say it's walkable to grocery stores

  • 61 % Say yards are well-kept

  • 60 % Say there's holiday spirit

  • 56 % Say it's quiet

  • 52 % Say kids play outside

  • 51 % Say neighbors are friendly

  • 48 % Say there's wildlife

  • 43 % Say car is needed

  • 43 % Say there are community events

  • 29 % Say they plan to stay for at least 5 years

Sourced by Trulia users. Learn more about our methodology.
  • Melissa D.
    "Cars tend to drive fast, I’m not sure what can be done but for your own safety, pay close attention."
  • Arthur T.
    "I think that the area is pretty nice and it is close to the light rail which is great. Honestly I can’t say there are a lot of events in the area"
  • Chenyu702
    "It’s very close to campus and the light rail system which makes it very accessible to the city as well as the university. "
  • Becky H.
    "This neighborhood is on a bus and train line and is close to major highways. Not ideal for traffic noise on the outskirts but certainly accessible."

LGBTQ Local Legal Protections

Apartments for Rent

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Homes for sale near 1540 E River Ter

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Off Market Homes Near 1540 E River Ter

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Based on information submitted to the MLS GRID as of 2026-07-17 09:33:16 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
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