1540 E River Ter, Minneapolis, MN 55414
OFF MARKET

$546,000

Trulia Estimate
  • 2 Beds
  • 1.5 Baths
  • 2,297 sqft

1540 E River Ter, Minneapolis, MN 55414

Prospect Park
Est. Refi. Payment $3,569/mo*
Refinance Your Home
Currently Off Market - Sold Sep 3, 2024 for $550,000

Home Value

Trulia Estimate
$546K
Since last month
Increased$2K (+0.4%)
Since last year
Decreased$12K (-2.1%)
Since last sale
Decreased$2K (-0.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +70% in the last 10 years
MonthEstimated value
2026
September 2026$548K
August 2026$545K
July 2026$555K
June 2026$557K
May 2026$553K
April 2026$552K
March 2026$557K
February 2026$561K
January 2026$557K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
156 Arthur Ave SE, Minneapolis, MN
0.27
Single-Family Home
$527,366
05/15/26
3
2
2,227
175 Seymour Ave SE, Minneapolis, MN
0.20
Single-Family Home
$470,000
02/25/26
3
1.5
2,202
208 Melbourne Ave SE, Minneapolis, MN
0.20
Single-Family Home
$480,000
10/23/25
5
2
2,420
2025 Franklin Ave SE, Minneapolis, MN
0.33
Single-Family Home
$475,000
02/18/26
3
2
1,720
1555 E River Ter, Minneapolis, MN
0.05
Single-Family Home
$585,000
06/18/26
4
2.5
3,206
1908 E River Ter, Minneapolis, MN
0.18
Single-Family Home
$425,000
07/29/26
4
3
1,709
1909 E River Pkwy, Minneapolis, MN
0.19
Single-Family Home
$690,000
12/08/25
4
2.5
2,800
1949 E River Ter, Minneapolis, MN
0.28
Single-Family Home
$625,000
07/31/26
4
1.5
2,258
3121 22nd St E, Minneapolis, MN
0.49
Single-Family Home
$571,000
07/06/26
3
1.5
2,314
143 Bedford St SE, Minneapolis, MN
0.39
Single-Family Home
$442,000
07/20/26
3
2
1,540

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1554 E River Ter, Minneapolis, MN 55414
0.04
-
3
2.5
2,670
Off Market
1551 E River Ter, Minneapolis, MN 55414
0.05
$658,200
4
4
3,075
Off Market
1536 E River Ter, Minneapolis, MN 55414
0.01
$528,000
3
2.5
1,620
Off Market
1555 E River Ter, Minneapolis, MN 55414
0.05
$585,000
4
2.5
3,206
Recently Sold
1601 E River Ter, Minneapolis, MN 55414
0.09
$402,600
4
2
2,008
Off Market
1523 E River Ter, Minneapolis, MN 55414
0.06
$346,700
2
1.5
1,491
Off Market
1519 E River Ter, Minneapolis, MN 55414
0.06
$410,800
2
2
1,682
Off Market
1615 E River Pkwy, Minneapolis, MN 55414
0.11
$799,000
5
3
3,296
For Sale
1625 E River Ter, Minneapolis, MN 55414
0.13
$455,600
3
2
2,558
Off Market
1421 E River Pkwy, Minneapolis, MN 55414
0.09
$792,100
6
3
3,895
Off Market
1633 E River Pkwy, Minneapolis, MN 55414
0.14
$905,000
4
3.5
3,233
Recently Sold

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

Home Highlights

Single-Family Home
Built in 1941
2,297 sqft
$238/sqft
Garage

About this House

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. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $546,000, with a rent estimate of $2,445/month.
Last check for updates: about 7 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

Home Details for 1540 E River Ter

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

Active Status

MLS Status: Closed

Media

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

Price and Tax history

DateEventPrice
Sep 3, 2024
Source: NorthstarMLS as distributed by MLS GRID #6471669
Sold
$550,000
Jul 28, 2024
Source: NorthstarMLS as distributed by MLS GRID #6471669
Pending
$550,000
Jul 25, 2024
Source: NorthstarMLS as distributed by MLS GRID #6471669
Listed For Sale
$550,000
Sep 28, 1999
Source: N/A
Sold
$165,000

Market trends in Minneapolis

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$355K
$10.67KMoM
Sale-to-List Price
100.0%
Price per sq ft
$213
$10MoM
Available listings
1459
6MoM

Around this home

Neighborhood Overview

Prospect Park
See Local Highlights
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."
    1
    Flag
  • 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"
    0
    Flag
  • 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. "
    8
    Flag
  • 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."
    0
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-24 02:03:23 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
By searching NorthstarMLS listings you agree to the NorthstarMLS End User License Agreement

Frequently asked questions about 1540 E River Ter

  • What is 1540 E River Ter estimated to be worth?
    Trulia's estimated value for 1540 E River Ter in Minneapolis, MN is $546,000.
  • What is the price history for 1540 E River Ter?
    1540 E River Ter in Minneapolis, MN last sold for $550,000 in September 2024.
  • Is Minneapolis a buyer's or seller's market?
    Minneapolis is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Minneapolis?
    The median sale price in Minneapolis is $355K. That is up $10.67K from the prior month.
  • Does 1540 E River Ter have air conditioning?
    Yes, 1540 E River Ter in Minneapolis, MN has air conditioning.
  • Does 1540 E River Ter have laundry facilities?
    Yes, 1540 E River Ter in Minneapolis, MN has in-unit laundry.

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