NOT LISTED FOR SALE

220 E 7th St Albert Lea, MN 56007

3 Beds
4 Baths
2,688 Sq Ft
1949 Built

Last Sold May 03, 2023

Last sale price $195,000 $73 Per Sq Ft

177 Days on Market

About This Home

As of May 2023

Fully remodeled turn-key 4-plex. This mixed use 4-plex has years of historical rental income. The building features new roof, siding, flooring, paint, heating units, water heater and gravel parking lot. . Current management company is interested in continuing management. Vacant units are currently listed for rent and updates to the listing will be made as units are rented.

Last Agent to Sell the Property

Lanier Pratt

Keller Williams Premier Realty Listed on: 11/04/2022

Keller Williams Premier Realty

Last Buyer's Agent

Shawna Wolfe

Keller Williams Premier Realty

Keller Williams Premier Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,022

Year Built

  • Built in 1949

Parking

  • 2 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 2,688 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Additional Features

  • Lot Dimensions are 50x140
  • Radiant Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 340490110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,022

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1949
  • Above Grade Finished Sq Ft: 2688
  • Water Sewer Expenses: 773
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Living Area: 2688
  • Basement YN: No
  • Total Rooms: 3
  • Total Rooms: 3
  • Total Rooms: 4
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 3

Garage/Parking

  • Carport Spaces: 1
  • Garage Square Feet: 660

Utilities

  • Heating: Radiant
  • Sewer: City Sewer/Connected
  • Fuel: Electric

Schools

  • Junior High Dist: Albert Lea
  • SchoolDistrictNumber: 241
  • SchoolDistrictPhone: 507-379-4800

Lot Info

  • Lot Size: 50x140
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: SquareFeet
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Aluminum Siding
  • Units Total: 4

Rental Info

  • Expenses: 16297.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 340490110
  • Tax Annual Amount: 2022
  • TaxWithAssessments: 3252.0000

Multi Family

  • ElectricExpense: 2898

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2023 05/03/23 Sold $195,000 -4.9% $73 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
11/04/2022 11/04/22 For Sale $205,000 -- $76 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lanier Pratt

    Seller's Agent in 2023

    Lanier Pratt

    Keller Williams Premier Realty

    (507) 473-0390

    27 in this area

    38 Total Sales

    Lanier Pratt
    Section Image
  • Shawna Wolfe

    Buyer's Agent in 2023

    Shawna Wolfe

    Keller Williams Premier Realty

    (507) 420-1877

    2 in this area

    104 Total Sales

    Shawna Wolfe
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6306297

NorthstarMLS

APN: 34.049.0110

Minnesota Freeborn County Albert Lea 56007

220 E 7th St, Albert Lea, MN

This home is located at 220 E 7th St, Albert Lea, MN 56007 since 04 November 2022. This property was built in 1949. 220 E 7th St is a home located in Freeborn County with nearby schools including Halverson Elementary School, Southwest Middle School, and Albert Lea Senior High School.

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