NOT LISTED FOR SALE

603 Albion Ave Fairmont, MN 56031

Fairmont Area

Estimated Value: $129,646 - $136,000

6 Beds
4 Baths
2,874 Sq Ft
$46/Sq Ft Est. Value

Sale Details

Date Sold: July 31, 2025

Last sale price $128,500 $45 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $939 / mo

29 Days on Market

About This Home

As of July 2025

Charming 4-plex in Central Fairmont! This spacious, income property offers one large 3BR unit and three 1BR units—each with a private garage stall. Ideal for investors or owner-occupants. The primary unit features stunning bay windows, built-ins, and hardwood floors bursting with character. Updated electrical panels and shared laundry add to functionality. The corner lot provides great visibility and convenience just blocks from downtown amenities. With strong layout flexibility, this property offers immediate rental income and long-term upside. Bring your vision—opportunities like this don’t hit the market often!

Last Agent to Sell the Property

Alexander Phippen

TRUE REAL ESTATE License #40666915 Listed on: 05/26/2025

TRUE REAL ESTATE

Last Buyer's Agent

Alexander Phippen

TRUE REAL ESTATE License #40666915 Listed on: 05/26/2025

TRUE REAL ESTATE

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,165

Year Built

  • Built in 1900

Lot Details

  • 16,553 Sq Ft Lot
  • Lot Dimensions are 200x80

Parking

  • 4 Car Garage
  • Tuck Under Garage

Home Design

  • Quadruplex
  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 2,874 Sq Ft Home
  • 2-Story Property
  • Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement

Utilities

  • Baseboard Heating
  • Boiler Heating System
  • Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 230730220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,165

Year Built

Built in 1900

Lot Details

0.38 Acres

Parking

4

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Style: 4-plex
  • Construction: Previously Owned
  • Foundation Size: 1043
  • L V T Date: 05/28/2025
  • Mechanicals: Water Heater - Gas
  • Parcel Number: 230730220
  • Rental License: Yes
  • Stories: 2 Story
  • Street Designation: Avenue
  • Estimated Number of Acres: 0.38
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Total Bedrooms: 6
  • Total Bathrooms: 4
  • Basement Material: Stone
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2874
  • Total Square Footage: 2874

Exterior Features

  • Construction Type: Frame/Wood
  • Exterior: Aluminum

Garage/Parking

  • Garage Type: Tuckunder
  • Number Garage Spaces: 4

Utilities

  • Fuel: Electric
  • Heat: Baseboard, Boiler
  • Sewer: City
  • Water: City

Lot Info

  • Estimated Lot Dimensions: 200x80

Building Info

  • Year Built: 1900

Tax Info

  • Year: 2025
  • Tax Value: 2165

MLS Schools

  • School District: Fairmont Area #2752

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2025
Closed on
Jul 18, 2025
Sold by
Bought by
Seller's Agent
Alexander Phippen
TRUE REAL ESTATE
Buyer's Agent
Alexander Phippen
TRUE REAL ESTATE
List Price
$134,900
Sold Price
$128,500
Premium/Discount to List
-$6,400
-4.74%
Views
41
Current Estimated Value
$132,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,912
Avg. Annual Appreciation
2.84%
Original Mortgage
$98,250
Interest Rate
5.96%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
May 26, 2025
Closed on
Jul 17, 2025
Sold by
Bought by
Seller's Agent
Alexander Phippen
TRUE REAL ESTATE
Buyer's Agent
Alexander Phippen
TRUE REAL ESTATE
List Price
$134,900
Sold Price
$128,500
Premium/Discount to List
-$6,400
-4.74%
Views
41

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,250
Interest Rate
5.96%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 17, 2024
Sold by
Bought by

Purchase Details

Closed on
Sep 11, 2006
Sold by
Bought by

Purchase Details

Closed on
Jun 9, 2005
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Fairmont, MN

  • Heather Allen Real Estate Agent - Leland Realty

    Heather Allen

    Leland Realty

    (507) 568-6205

    250 Total Sales

    1 in Fairmont

    $87,333 Price

    Heather Allen
     Section Image
  • Katie Slater Real Estate Agent - NextHome at the Lakes

    Katie Slater

    NextHome at the Lakes

    (712) 339-2094

    118 Total Sales

    2 in Fairmont

    $290K - $428K Price Range

    Katie Slater
     Section Image
  • Matt Johnson Real Estate Agent - Leland Realty

    Matt Johnson

    Leland Realty

    (507) 528-8812

    245 Total Sales

    1 in Fairmont

    $87,333 Price

    Matt Johnson
     Section Image
  • Christopher Wasilensky Real Estate Agent - Keller Williams Realty Integrity Lakes

    Christopher Wasilensky

    Keller Williams Realty Integrity Lakes

    (612) 261-0936

    91 Total Sales

    1 in Fairmont

    $280,000 Price

    Christopher Wasilensky
     Section Image
  • Amanda Geiger Real Estate Agent - Keller Williams Classic Realty

    Amanda Geiger

    Keller Williams Classic Realty

    (507) 690-1605

    35 Total Sales

    2 in Fairmont

    $168K - $170K Price Range

    Amanda Geiger
     Section Image
  • Christa Wolner Real Estate Agent - Connect Real Estate Group, LLC

    Christa Wolner

    Connect Real Estate Group, LLC

    (507) 607-2636

    70 Total Sales

    2 in Fairmont

    $147K - $570K Price Range

    Christa Wolner
     Section Image
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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 Buyer Sale Price Title Company
$128,500 The Title Team
$84,000 The Title Team
$84,000 --
$84,000 --
$795,000 None Available
-- None Available
Source: Public Records

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 Borrower Loan Amount
Closed $98,250
Source: Public Records

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
07/31/2025 07/31/25 Sold $128,500 -4.7% $45 / Sq Ft
06/24/2025 06/24/25 Pending -- -- --
05/26/2025 05/26/25 For Sale $134,900 -- $47 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $2,550 $138,200 $41,600 $96,600
2025 $2,510 $122,700 $41,600 $81,100
2024 $2,366 $131,800 $41,600 $90,200
2023 $2,444 $131,300 $26,700 $104,600
2022 $2,046 $126,300 $27,700 $98,600
2021 $1,978 $95,600 $25,200 $70,400
2020 $1,964 $95,600 $25,200 $70,400
2019 $1,852 $91,100 $24,500 $66,600
2018 $1,778 $81,500 $21,900 $59,600
2017 $1,684 $81,500 $21,900 $59,600
2016 $1,512 $74,100 $19,900 $54,200
2015 $1,035 $71,600 $19,900 $51,700
2013 $1,211 $72,600 $20,900 $51,700
Source: Public Records

Agents Affiliated with this Home

  • Alexander Phippen Real Estate Agent - TRUE REAL ESTATE

    Seller's Agent in 2025

    Alexander Phippen

    TRUE REAL ESTATE

    (507) 525-6022

    171 Total Sales

    Alexander Phippen
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7037574

REALTOR® Association of Southern Minnesota

APN: 230730220

Minnesota Martin County Fairmont 56031

603 Albion Ave, Fairmont, MN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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