220 E 7th Street, Albert Lea, MN 56007
New Listing
$249,900
Property Type:
Multi-Family
Bedrooms:
4
Baths:
4
Square Footage:
2,800
Lot Size (sq. ft.):
7,000
Status:
Active
Current Price:
$249,900
List Date:
7/06/2026
Last Modified:
7/07/2026
Overview
Description
Listing Details MLS# 7104298
General Property Information
- # Carport Spaces
- Yes
- Lot Measurement
- Square Feet
- Multiple PIDs?
- No
- Owner Occupied
- No
- Waterfront YN
- No
- Year Built
- 1949
- Yearly/Seasonal
- Yearly
- Main Floor Total SqFt
- 1400
- Above Ground SqFt
- 2800
- Total SqFt
- 2800
- Foundation Size
- 1400
- Lot Size SqFt
- 7000
- Style
- (MF) Four Plex
- Total Finished Sqft
- 2800.00
- Garage Stalls
- 2
- Lot Dimensions
- 50x140
- Assessment Pending
- No
- Below Grd Total SqFt
- 0
Property Features
Accessible:
None
Basement:
None
Construction Status:
Previously Owned
Exterior:
Metal
Foundation:
Slab
Fuel:
Electric
Heating:
Baseboard
Owner Pays:
Common Area Maintenance; Grounds Care; Sewer; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics:
Carport; Gravel Lot
Rental License Type:
Standard
Sewer:
City Sewer/Connected
Stories:
Two
Tenant Pays:
Electricity
Unit 2 Cooling:
Ductless Mini-Split
Unit 3 Cooling:
Ductless Mini-Split
Unit 4 Cooling:
Ductless Mini-Split
Water:
City Water/Connected
Contract Information
- Contingency
- None
- Original List Price
- 249900
- ListPrice
- 249900
- Owner is an Agent?
- No
- Auction?
- No
Location Tax and Other Information
- House Number
- 220
- Street Direction Prefix
- E
- Street Name
- 7th
- Street Suffix
- Street
- Postal City
- Albert Lea
- County
- Freeborn
- State
- MN
- Zip Code
- 56007
Assessments
- Assessment Balance
- 13183
- Tax With Assessments
- 5652
Basement
- Foundation Dimensions
- 28x50
- None
- Yes
More Information
Building Information
- Finished SqFt Above Ground
- 2800
Income and Expenses
- Annual Caretaker Expense
- 600
- Annual Electric Expense
- 1800
- Annual Gross Expenses
- 14200
- Annual Gross Income
- 34920
- Annual Insurance Expense
- 2500
- Annual Maintenance Expense
- 500
- Annual Net Income
- 15690
- Annual Repair Expense
- 500
- Annual Trash Expense
- 700
- Annual Water/Sewer Expense
- 1168
- Total Annual Expenses
- 14200
- Annual Fuel Expense
- 0
Lease Details
- Land Leased
- Not Applicable
Miscellaneous Information
- DP Resource
- Yes
- Homestead
- No
Ownership
- Fractional Ownership
- No
Parking Characteristics
- Garage Dimensions
- 22x28
- Garage Square Feet
- 616
- Carport
- Yes
- Gravel Lot
- Yes
Unit 1
- Furnished?
- No
- Lease Expiration Date
- 2026-07-31
- Leased?
- Yes
- Level
- Main Level
- Unit Number
- Yes
- 1/4 Baths
- Yes
- Annual Rent
- 8340
- Finished SqFt
- 625
- Monthly Rent
- 695
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- Yes
- Total Rooms
- 3
Unit 2
- Furnished?
- No
- Lease Expiration Date
- 2027-05-31
- Leased?
- Yes
- Level
- Main Level
- Unit Number
- 2
- 3/4 Baths
- Yes
- Annual Rent
- 7500
- Finished SqFt
- 625
- Monthly Rent
- 625
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- Yes
- Total Rooms
- 3
Unit 3
- Furnished?
- No
- Lease Expiration Date
- 2027-05-31
- Leased?
- Yes
- Level
- 2nd Level
- Unit Number
- 3
- Annual Rent
- 9540
- Finished SqFt
- 625
- Full Baths
- Yes
- Monthly Rent
- 795
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- Yes
- Total Rooms
- 4
Unit 4
- Furnished?
- No
- Lease Expiration Date
- 2027-03-31
- Leased?
- Yes
- Level
- 2nd Level
- Unit Number
- 4
- Annual Rent
- 9540
- Finished SqFt
- 625
- Full Baths
- Yes
- Monthly Rent
- 795
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- Yes
- Total Rooms
- 4
Unit Details
- Total Units
- 4
Office/Member Info
- Association
- SEMR
Location, Tax and Other Information
- Legal Description
- EDINA MANOR N 140 FT OF LOT 15 BLK 1 EDINA MANOR
- Listing City
- Albert Lea
- Map Page
- 999
- Municipality
- Albert Lea
- School District
- Albert Lea
- School District Phone
- 507-379-4800
- Zip Plus 4
- 3600
- Property ID Number
- 340490110
- Tax Year
- 2026
- Tax Amount
- 3584
- In Foreclosure?
- No
- Potential Short Sale?
- No
- Lender Owned?
- No
Directions & Remarks
- Public Remarks
- 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.
- Directions
- Travel South from downtown Albert Lea and turn left (East) on 7th Street. The property will be on the corner of 7th St. and James Ave.
Accessible
- None
- Yes
Construction Status
- Previously Owned
- Yes
Exterior
- Metal
- Yes
Foundation
- Slab
- Yes
Fuel
- Electric
- Yes
Heating
- Baseboard
- Yes
Owner Pays
- Common Area Maintenance
- Yes
- Grounds Care
- Yes
- Sewer
- Yes
- Snow Removal
- Yes
- Taxes
- Yes
- Trash Collection
- Yes
- Water
- Yes
Rental License Type
- Standard
- Yes
Sewer
- City Sewer/Connected
- Yes
Stories
- Two
- Yes
Water
- City Water/Connected
- Yes
Tenant Pays
- Electricity
- Yes
Unit 2 Cooling
- Ductless Mini-Split
- Yes
Unit 3 Cooling
- Ductless Mini-Split
- Yes
Unit 4 Cooling
- Ductless Mini-Split
- Yes
Listing Office:
Keller Williams Premier Realty
Last Updated: July - 07 - 2026
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