1012-1018 Wealthy Street, Albert Lea, MN 56007

$249,900
Property Type: Multi-Family Baths: 1 Square Footage: 2,080 Lot Size (sq. ft.): 87,120 Status: Active
Current Price: $249,900 List Date: 6/25/2026 Last Modified: 6/30/2026

Overview

Description

This side-by-side duplex offers a rare blend of flexibility, privacy and single level living. Each unit features 2 bedrooms, 1 full bath, main level laundry hook ups and a single attached garage, along with separate gas and electric utilities for convenience and independence. What makes this property truly unique is its versatile floor plan. A connecting point between the two units allows you to open the space and use it as one larger home, ideal for multigenerational living, extended family arrangements, or caring for individuals who need to be close while still maintaining their own private space. Keep it fully separated for rental income or open it up for a spacious single resident layout - the choice is yours.

Listing Details MLS# 7098680

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
2000
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family, Residential-Single Famil
Main Floor Total SqFt
2080
Above Ground SqFt
2080
Total SqFt
2080
Foundation Size
2080
Style
(MF) Duplex Side X Side
Total Finished Sqft
2080.00
Garage Stalls
2
Lot Dimensions
67082 sq ft
Acres
2
Assessment Pending
No
Below Grd Total SqFt
0

Property Features

Accessible: Fully Wheelchair; No Stairs External; No Stairs Internal; Roll-In Shower Basement: Crawl Space; Wood Construction Status: Previously Owned Exterior: Vinyl Foundation: Raised; Other Fuel: Natural Gas Heating: Forced Air Lock Box Type: Supra Owner Pays: Water Road Frontage: City Street Sewer: City Sewer/Connected Stories: One Tenant Pays: Electricity; Gas; Trash Collection Water: City Water/Connected

Contract Information

Contingency
Inspection
Original List Price
249900
ListPrice
249900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1012-1018
Street Name
Wealthy
Street Suffix
Street
Postal City
Albert Lea
County
Freeborn
State
MN
Zip Code
56007
Complex/Dev/Subdivision
Wealthy Acres Sub

Assessments

Tax With Assessments
6255
Assessment Balance
0

Building Information

Finished SqFt Above Ground
2080

More Information

Income and Expenses

Annual Gross Income
10200
Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Gross Expenses
0
Annual Insurance Expense
0
Annual Maintenance Expense
0
Annual Repair Expense
0
Annual Trash Expense
0
Annual Water/Sewer Expense
0
Total Annual Expenses
0

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
SEMR
Supra
Yes

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
576

Public Survey Info

Range#
21
Section#
16
Township#
102

Unit 1

Furnished?
No
Leased?
No
Unit Number
Yes
Full Baths
Yes
No. of Units Like This
Yes
Total Baths
Yes
Total Rooms
Yes

Unit Details

Total Units
2

Office/Member Info

Association
SEMR

Location, Tax and Other Information

Legal Description
TBD when property is split, taxes to be determined when property is split.
Listing City
Albert Lea
Map Page
999
Municipality
Albert Lea
School District
Albert Lea
School District Phone
507-379-4800
Zip Plus 4
2544
Property ID Number
343320010
Tax Year
2026
Tax Amount
6255
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
This side-by-side duplex offers a rare blend of flexibility, privacy and single level living. Each unit features 2 bedrooms, 1 full bath, main level laundry hook ups and a single attached garage, along with separate gas and electric utilities for convenience and independence. What makes this property truly unique is its versatile floor plan. A connecting point between the two units allows you to open the space and use it as one larger home, ideal for multigenerational living, extended family arrangements, or caring for individuals who need to be close while still maintaining their own private space. Keep it fully separated for rental income or open it up for a spacious single resident layout - the choice is yours.
Directions
From S. Broadway go south to SE Broadway to East on S. Shore Drive to north on Frank Hall Dr to east on Wealthy St.

Accessible

Fully Wheelchair
Yes
No Stairs External
Yes
No Stairs Internal
Yes
Roll-In Shower
Yes

Basement

Crawl Space
Yes
Wood
Yes

Construction Status

Previously Owned
Yes

Exterior

Vinyl
Yes

Foundation

Raised
Yes
Other
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Owner Pays

Water
Yes

Road Frontage

City Street
Yes

Sewer

City Sewer/Connected
Yes

Stories

One
Yes

Water

City Water/Connected
Yes

Tenant Pays

Electricity
Yes
Gas
Yes
Trash Collection
Yes

Documents

IDX
Listing Office: Leland Realty
Last Updated: June - 30 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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