1949 E  River Ter, Minneapolis, MN 55414
Property image
Property image
SOLD
JUL 31, 2026

1949 E River Ter
Minneapolis, MN 55414

Prospect Park
  • 4 Beds
  • 1.5 Baths
  • 2,258 sqft (on 0.32 acres)

$625,000

Last Sold: Jul 31, 2026
4% over list $600K
$277/sqft
Est. Refi. Payment $3,874/mo*

$625,000

Last Sold: Jul 31, 2026
4% over list $600K
$277/sqft
Est. Refi. Payment $3,874/mo*
4 Beds
1.5 Baths
2,258 sqft
(on 0.32 acres)

Local Information

  • Map ViewExplore the area around 1949 E River Ter.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1932
Lot Size
0.32 acres
Living Area
2,258 sqft
Price/Sqft
$277/sqft
Parking
Garage
HOA
None

About this House

Located in the highly sought-after Prospect Park neighborhood on East River Terrace, this wonderful home truly has it all. The main floor features a family room, formal dining room, and an open kitchen with a center island—perfect for everyday living and entertaining. Enjoy the generous living room with a cozy fireplace, along with a charming three-season porch.

Upstairs, you’ll find four bedrooms conveniently located on the second floor. The quaint lower-level family room offers additional living space and a second fireplace. Outside, the beautifully landscaped front yard and large backyard provide plenty of room to relax and play. A two-car detached garage adds convenience and extra storage.

Located just half a block from East River Road, this home offers easy access to the river, trails, and outdoor recreation. Walk or bike to the University of Minnesota, neighborhood shops, and restaurants. A truly convenient location in one of Minneapolis’s most desirable neighborhoods.
1949 E River Ter, Minneapolis, MN 55414 is a 4 bedroom, 2 bathroom, 2,258 sqft single-family home in Prospect Park, built in 1932. It last sold for $625,000 on Jul 31, 2026 (4% above the $600,000 asking price). It is currently off market. The Trulia Estimate is $588,700, with a rent estimate of $3,232/month.

Home Details for 1949 E River Ter

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Block,Drain Tiled,Full,Partially FinishedNumber of Rooms: 12Types of Rooms: Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Amusement Room, Dining Room, Family Room, Flex Room, Informal Dining Room, Kitchen, Living Room, Utility Room
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 2258 Square FeetFoundation Area: 703
Heating & Cooling
Heating: Hot WaterHas CoolingAir Conditioning: Ductless Mini-SplitHas HeatingHeating Fuel: Hot Water
Fireplace & Spa
Number of Fireplaces: 2Fireplace: Brick, Family Room, Living RoomHas a Fireplace
Gas & Electric
Gas: Natural Gas
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoAccessibility: None
View
No View

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: Enclosed, Screened, Side Porch
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Other Parking: Garage Dimensions (25x20)No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Detached Garage
Frontage
Road Frontage: City StreetResponsible for Road Maintenance: Public Maintained RoadNot on Waterfront
Water & Sewer
Sewer: City Sewer/Connected
Finished Area
Finished Area (above surface): 2000 Square FeetFinished Area (below surface): 258 Square Feet

Days on Market

Cumulative Days on Market: 38

Property Information

Year Built
Year Built: 1932
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family
Building
Construction Materials: Block, FrameNot a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 3102923110052

Price & Status

Price
List Price: $600,000Price Per Sqft: $277/sqft
Status Change & Dates
Off Market Date: Mon Jul 06 2026

Location

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

Building

Building Area
Building Area: 2703 Square Feet

HOA

No HOA

Lot Information

Lot Area: 0.32 acres

Offer

Contingencies: None

Miscellaneous

BasementMls Number: 7078761Above Grade Unfinished Area: 2000Activation Date: Fri May 29 2026
Last check for updates: about 2 hours ago
Listed by Julie P Glass-Yares, (612) 790-8166
Edina Realty, Inc.
Gavin Yares, (612) 229-9193
Bought with: Nicole Goltz, (763) 528-0953, Realty ONE Group Choice
Source: NorthstarMLS as distributed by MLS GRID, MLS#7078761

Price History for 1949 E River Ter

DatePriceEventSource
07/31/2026$625,000Sold
NorthstarMLS as distributed by MLS GRID #7078761
07/06/2026$600,000PendingNorthstarMLS as distributed by MLS GRID #7078761
05/29/2026$600,000Listed For SaleNorthstarMLS as distributed by MLS GRID #7078761
11/01/2023ListingRemovedNorthstarMLS as distributed by MLS GRID #6422531
10/02/2023$599,900PriceChange
NorthstarMLS as distributed by MLS GRID #6422531
09/09/2023$620,000Listed For SaleNorthstarMLS as distributed by MLS GRID #6422531

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$7,207
Assessment$517,200
Home facts updated by county records

Comparable Sales for 1949 E River Ter

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.12
Single-Family Home
$690,000
12/08/25
4
2.5
2,800
0.03
Single-Family Home
$750,000
05/22/26
5
3.5
3,629
0.11
Single-Family Home
$825,000
08/15/25
6
2.5
2,766
0.24
Single-Family Home
$585,000
06/18/26
4
2.5
3,206
0.48
Single-Family Home
$525,000
01/22/26
4
1.5
2,028
0.10
Single-Family Home
$425,000
07/29/26
4
3
1,709
0.10
Single-Family Home
$360,000
08/08/25
3
2
1,707
0.16
Single-Family Home
$905,000
07/20/26
4
3.5
3,233
0.20
Single-Family Home
$470,000
02/25/26
3
1.5
2,202

Nearby homes

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Assigned Schools

These are the assigned schools for 1949 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 1949 E River Ter

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Off Market Homes Near 1949 E River Ter

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Based on information submitted to the MLS GRID as of 2026-07-31 05:43:09 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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