220 E 7th Street, Albert Lea, MN 56007

Albert Lea
Local realty services provided by:ERA Gillespie Real Estate
220 E 7th Street,Albert Lea, MN 56007
$249,900
  • 4 Beds
  • 4 Baths
  • 2,800 sq. ft.
  • Multi-family
  • Active
Listed by: lanier pratt
Office: keller williams premier realty
MLS#:7104298
Source:NSMLS

Price summary

  • Price:$249,900
  • Price per sq. ft.:$89.25

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.

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Home facts

  • Year built:1949
  • Listing ID #:7104298
  • Added:52 day(s) ago
  • Updated:August 28, 2026 at 05:43 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Basement:Yes
  • Living area:2,800 sq. ft.

Heating and cooling

  • Heating:Baseboard, Ductless Mini-Split

Structure and exterior

  • Year built:1949
  • Building area:2,800 sq. ft.
  • Lot area:7000 Acres
  • Levels:2 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$249,900
  • Price per sq. ft.:$89.25
  • Tax amount:$3,584 (2026)

Parking

  • Parking description:Carport, Detached Garage, Gravel
  • Garage:Yes
  • Garage spaces:2
  • Carport spaces:1
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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