220 E 7th St Albert Lea, MN 56007
Albert Lea AreaEstimated payment $1,672/month
Highlights
- 2 Car Detached Garage
- Detached Carport Space
- Baseboard Heating
About This Home
Exceptional 3 Bedroom 4 Bath 4-Plex located on the corner of 7th Street and James Ave. The fourth unit is a commercial space that is currently a laundry service. It was formally a salon and could be converted back to a salon or another apartment. This property has been rented continuously with a solid rental history. Significant remodeling occurred on the property since it was purchased including new roof, medal siding, electric services, mini-splits, paint and some flooring. The property is licensed through the city and the rent is just under $3000/month. The tenants are responsible for paying their own utilities. There is ample parking on the large gravel parking lot and the 3-stall garage. This turn key property is definitely one to look at.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,584
Year Built
- Built in 1949
Parking
- 2 Car Detached Garage
- Detached Carport Space
Home Design
- Quadruplex
- Slab Foundation
- Metal Siding
Interior Spaces
- 2,800 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Additional Features
- Lot Dimensions are 50x140
- Baseboard Heating
Community Details
- 4 Units
Listing and Financial Details
- The owner pays for common area maintenance, grounds care, sewer, snow removal, taxes, trash collection, water
- Assessor Parcel Number 340490110
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $5,652 | $195,500 | $15,300 | $180,200 |
| 2025 | $4,450 | $195,500 | $15,300 | $180,200 |
| 2024 | $3,172 | $111,800 | $7,700 | $104,100 |
| 2023 | $3,204 | $99,000 | $7,700 | $91,300 |
| 2022 | $3,252 | $99,200 | $7,700 | $91,500 |
| 2021 | $3,228 | $86,400 | $7,700 | $78,700 |
| 2020 | $2,530 | $100,600 | $7,700 | $92,900 |
| 2019 | $1,910 | $80,700 | $8,200 | $72,500 |
| 2018 | $1,288 | $0 | $0 | $0 |
| 2016 | $1,346 | $0 | $0 | $0 |
| 2015 | $1,312 | $0 | $0 | $0 |
| 2014 | $1,322 | $0 | $0 | $0 |
| 2012 | $1,698 | $0 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/03/2026 07/03/26 | For Sale | $249,900 | -- | $89 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $195,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $138,750 | New Conventional | |
| Previous Owner | $58,386 | New Conventional | |
| Previous Owner | $62,500 | Commercial | |
| Previous Owner | $66,000 | No Value Available |
Source: NorthstarMLS
MLS Number: 7104298
APN: 34.049.0110
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Ask me questions while you tour the home.