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221 N 3rd Avenue, Albert Lea, MN 56007

$169,900

Property Type: Multi-Family Bedrooms: 3 Baths: 2 Square Footage: 1,960 Lot Size (sq. ft.): 7,841 Status: Active

Current Price: $169,900 List Date: 7/07/2026 Last Modified: 7/07/2026

Overview

Description

Spacious up-and-down duplex located on a corner lot. Each unit offers comfortable living space with separate entrances, making it ideal for owner-occupants or investors. Property features a 1 bedroom, 1 bath main level unit with a 2 bedroom, 1 bath upper unit. Detached 2 stall garage. Schedule your showing today.

Listing Details MLS# 7035715

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1908
Yearly/Seasonal: Yearly
Main Floor Total SqFt: 980
Above Ground SqFt: 980
Below Grd Total SqFt: 980
Total SqFt: 1960
Foundation Size: 980
Style: (MF) Duplex Up and Down
Total Finished Sqft: 1990.00
Garage Stalls: 2
Lot Dimensions: 66x122
Acres: 0.18
Assessment Pending: No

Property Features

Accessible: None Assumable Loan: Not Assumable Basement: Concrete Block; Unfinished Construction Status: Previously Owned Electric: Fuses Existing Financing: Conventional Exterior: Aluminum Siding Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler Laundry: In Basement; In Unit Lock Box Type: Supra Lot Description: Corner Lot Road Frontage: City Street Roof: Age Over 8 Years; Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Unit 1 Cooling: None Unit 2 Cooling: None Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 169900
ListPrice: 169900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 221
Street Direction Prefix: N
Street Name: 3rd
Street Suffix: Avenue
Postal City: Albert Lea
County: Freeborn
State: MN
Zip Code: 56007
Complex/Dev/Subdivision: Morins Add

Assessments

Tax With Assessments: 1494
Assessment Balance: 0

Basement

Foundation Dimensions: 20x42
Concrete Block: Yes
Unfinished: Yes

More Information

Building Information

Finished SqFt Above Ground: 1990

Income and Expenses

Annual Electric Expense: 25
Annual Fuel Expense: 1550
Annual Gross Expenses: 4288
Annual Gross Income: 20700
Annual Insurance Expense: 2500
Annual Maintenance Expense: 1000
Annual Repair Expense: 1000
Annual Trash Expense: 325
Annual Water/Sewer Expense: 919
Total Annual Expenses: 4288
Annual Caretaker Expense: 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 Dimensions: 24x26
Garage Square Feet: 624

Unit 1

Furnished?: No
Leased?: Yes
Unit Number: Yes
Annual Rent: 850
Finished SqFt: 980
Full Baths: Yes
Monthly Expense: 180
Monthly Rent: 850
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 3

Unit 2

Furnished?: No
Leased?: Yes
Unit Number: 2
Annual Rent: 875
Finished SqFt: 980
Full Baths: Yes
Monthly Expense: 180
Monthly Rent: 875
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 4

Unit Details

Total Units: 2

Office/Member Info

Association: SEMR

Location, Tax and Other Information

Legal Description: MORIN'S ADDITION LOT-010 BLOCK-031 LOT 10 BLK 31 MORINS ADDITION
Listing City: Albert Lea
Map Page: 999
Municipality: Albert Lea
School District: Albert Lea
School District Phone: 507-379-4800
Zip Plus 4: 243
Property ID Number: 340077190
Tax Year: 2025
Tax Amount: 1426
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Spacious up-and-down duplex located on a corner lot. Each unit offers comfortable living space with separate entrances, making it ideal for owner-occupants or investors. Property features a 1 bedroom, 1 bath main level unit with a 2 bedroom, 1 bath upper unit. Detached 2 stall garage. Schedule your showing today.
Directions: I-35 south to highway 65 south, Right turn on Marshall st, left turn on Bridge Ave. Right turn on Fountain St. E, left turn on Third Ave N.

Accessible

None: Yes

Assumable Loan

Not Assumable: Yes

Construction Status

Previously Owned: Yes

Electric

Fuses: Yes

Existing Financing

Conventional: Yes

Exterior

Aluminum Siding: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Laundry

In Basement: Yes
In Unit: Yes

Lot Description

Corner Lot: Yes

Patio, Porch and Deck Features

Covered: Yes
Deck: Yes

Road Frontage

City Street: Yes

Roof

Age Over 8 Years: Yes
Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Unit 1 Cooling

None: Yes

Unit 2 Cooling

None: Yes

Listing Office: Robert Hoffman Realty Inc.

Last Updated: July - 07 - 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.