1540 E River Ter
Minneapolis, MN 55414
Prospect Park- 2 Beds
- 1.5 Baths
- 2,297 sqft
2 Beds
1.5 Baths
2,297 sqft
Local Information
-- mins to
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
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MLS Status: Closed |
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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 |
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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 |
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Cumulative Days on Market: 3 |
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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 |
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Price List Price: $550,000 |
Status Change & Dates Off Market Date: Sun Jul 28 2024 |
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Direction & Address City: MinneapolisCommunity: Mississippi Park Add |
School Information High School District: Minneapolis |
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Building Area Building Area: 2297 Square Feet |
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No HOA |
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Lot Area: 7405.2 sqft |
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Contingencies: None |
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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
| Date | Price | Event | Source |
|---|---|---|---|
| 09/03/2024 | $550,000 | Sold | NorthstarMLS as distributed by MLS GRID #6471669 |
| 07/28/2024 | $550,000 | Pending | NorthstarMLS as distributed by MLS GRID #6471669 |
| 07/25/2024 | $550,000 | Listed For Sale | NorthstarMLS as distributed by MLS GRID #6471669 |
| 09/28/1999 | $165,000 | Sold | N/A |
Market trends in Minneapolis
Last updated June 2026
Avg. sale price
$345K
$16.67KMoM
Sale-to-List Price
100.0%
Price per sq ft
$208
$1MoM
Available listings
1530
4MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| 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
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 1540 E River Ter.
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.
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Apartments for Rent
Homes for sale near 1540 E River Ter
Off Market Homes Near 1540 E River Ter

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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