1551 E River Ter, Minneapolis, MN 55414 Property Records

Hennepin County property record for 1551 E River Ter, Minneapolis, MN 55414

Property Summary

Property Type	Boarding House, Apartment Hotel
Details	5 bd · 4.75 ba · 3,150 sqft · built 1928
Lot Size	0.18 acres (7,841 sqft)
Owner	2 Individual Names on Record
Last Sale	$599,900 (Jan 2025)
Tax Bill	$8,316 (2025)
Deeds & Mortgages	May 2026 Mortgage Jan 2025 Sale & Mortgage + 2 more
Flood Zone	Zone X (minimal risk)
APN	`30-029-23-43-0028`

Property Details

APN / Parcel Number

Primary APN	`30-029-23-43-0028`

Interior

Bedrooms	5 Beds
Full Baths	4.75 Baths
Half Baths	1 Half Bath
Total Rooms	13 Rooms
Units	2 Units
Stories	2 Stories
Building Area	3,150 sqft Gross Area
1st Floor Area	1,050 sqft
Basement Area	1,050 sqft

Exterior

Year Built	Built 1928
Effective Year Built	Effective 1928
Exterior Material	Stucco
Construction Type	Wood
Roof Type	Gable
Roof Material	Asphalt
Lot Area	7,841 sqft (0.18 acres)
Garage Type	Detached

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Hot Water

Location & Zoning

Street Address	1551 E RIVER TER
City	MINNEAPOLIS
State	MN
Zip	55414-3647
Property Category	Commercial
Property Type	Commercial > Retail > Boarding House, Apartment Hotel
Local Zoning Code	R1
Legal Description	LOT 008 BLOCK 001 A MISSISSIPPI PARK ADDN TO MPLS SELY 1/2 OF LOT 8 AND NWLY 1/2 OF LOT 9 SW50X160X50X158
Legal Range	23
Legal Township	029
Legal Section	30
Legal Quarter	43
Legal Subdivision	MISSISSIPPI PARK ADDN TO MPLS
Legal Block	1
Legal Lot Number	8
Jurisdiction	HENNEPIN MN
Township / Civil Division	MINNEAPOLIS
Census Block Group	1
Census Block	1008
Census Tract	125600

Owner

Source: Hennepin County records, as of June 23, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	2 Individual Names on Record
Mailing Address	1551 E RIVER TER, MINNEAPOLIS, MN 55414-3647
Occupancy	Owner Occupied
Owner Type	Individual
Vesting	Joint Tenants

Deeds, Mortgages & Sale History

Date	Document
May 27, 2026	Deed of Trust, Mortgage · VA Mortgage FREEDOM MORTGAGE CORPORATION
Jan 13, 2025	Warranty Deed, Transfer · VA Mortgage CROSSCOUNTRY MORTGAGE LLC
Apr 5, 2021	Warranty Deed, Transfer · Conventional Mortgage KS STATEBANK
Jul 3, 2019	Deed of Trust, Mortgage · Line of Credit WINGS FIN'L CU

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Jan 13, 2025 · Amount on Record
Deed Sale	Jan 13, 2025 · Amount on Record
Prior Sale	Apr 5, 2021 · Amount on Record
Deed Document Number	202511342070
Prior Transfer Date	Nov 23, 2015
Prior Transfer Doc	0010262164
Record Updated	Oct 29, 2026

May 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	HENNEPIN MN
Recording Date	May 27, 2026
Property Address	1551 E RIVER TER, MINNEAPOLIS, MN 55414-3647
Document Number	0011465334
Instrument Date	May 19, 2026
Instrument	202611465334
Transaction Type	Mortgage
Record Updated	Jul 12, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants, 205

Mortgage

Document Number	0011465334,
Date	May 27, 2026
Instrument	202611465334

Lender

Name	FREEDOM MORTGAGE CORPORATION

Agreement

Type	VA Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Jun 1, 2056

Interest

Rate	6.23%
Max Rate	-1%

January 2025: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	HENNEPIN MN
Recording Date	Jan 13, 2025
Property Address	1551 E RIVER TER, MINNEAPOLIS, MN 55414-3647
Document Number	0A11342070
Instrument Date	Jan 9, 2025
Instrument	A11342070
Transaction Type	Transfer
Record Updated	May 12, 2026
Title Company	BURNETT TITLE, BURNET TITLE

Transaction

Amount	Amount Recorded
Loan-to-Value (LTV)	LTV on Record
Tax	$1,979.67
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants
Address	1551 E RIVER TER, MINNEAPOLIS, MN 55414-3647

Mortgage

Document Number	0A11342071
Date	Jan 13, 2025
Instrument	A11342071

Lender

Name	CROSSCOUNTRY MORTGAGE LLC
Type	Mortgage Company

Agreement

Type	VA Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Feb 1, 2055

April 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	HENNEPIN MN
Recording Date	Apr 5, 2021
Property Address	1551 E RIVER TER, MINNEAPOLIS, MN 55414-3647
Document Number	0A10941673
Instrument Date	Apr 2, 2021
Instrument	A10941673
Transaction Type	Transfer
Record Updated	May 12, 2026
Title Company	WATERMARK TITLE AGENCY LLC, WATERMARK TITLE AGENCY

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$1,815.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants
Address	1551 E RIVER TER, MINNEAPOLIS, MN 55414-3647

Mortgage

Document Number	0A10941674
Date	Apr 5, 2021
Instrument	A10941674

Lender

Name	KS STATEBANK
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	May 1, 2051

July 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	HENNEPIN MN
Property Address	1551 E RIVER TER, MINNEAPOLIS, MN 55414-3647
Document Number	0010676794
Instrument Date	Jul 3, 2019
Transaction Type	Mortgage
Record Updated	Jul 24, 2019
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Husband and Wife
Address	1551 E RIVER TER MINNEAPOLIS MN 554143647, MINNEAPOLIS, MN 55414-3647

Mortgage

Document Number	0010676794
Date	Jul 9, 2019
Instrument	10676794

Lender

Name	WINGS FIN'L CU
Address	APPLE VALLEY, MN 55124

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	240 Months
Due	Jul 8, 2039

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

Source: Hennepin County assessment roll, as of June 23, 2026

Property Jurisdictions

Type	Name
State	Minnesota
County	Hennepin County
Municipality	Minneapolis City
Unified School District	Minneapolis Public School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$8,316.00 (-22.41%)	$680,300 (+0.04%) Land $148,000 Building $532,300	$680,300 (+0.04%) Land $148,000 Building $532,300
2024	$10,718.00 (+33.24%)	$680,000 (+15.06%) Land $148,000 Building $532,000	$680,000 (+15.06%) Land $148,000 Building $532,000
2023	$8,044.00
2022		$591,000 Land $130,000 Building $461,000	$591,000 Land $130,000 Building $461,000

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective December 25, 2025

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 99.1% of the US · lower than 96% of Minnesota
Wildfire Likelihood	Under 0.01% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	Minneapolis serves 425,300 people · EPA ID MN1270024
Water Source	Surface water
Last State Inspection	Sep 2024
Lead	2 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 314 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
CenturyLink Fiber	2,000 / 1,000
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	1,000 / 75
AT&T Fixed Wireless	100 / 20

May also be available: T-Mobile.

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