MLS: #7104298, Listed By: Lanier Pratt, Keller Williams Premier Realty, Source:FargoMoorhead Area Association of REALTORS
220 E 7th Street
Albert Lea, MN 56007
4
Bed
4
Bath
2,800Sqft
7,000Sqft(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 4Bathroom Information
Total Baths: 4Room Information
Basement: None -
Heating & Cooling
Has Heating: Yes Heating: Baseboard
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Building Information
Year Built: 1949 Building Area Total: 2800 Stories: 2 Private Pool: No
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Lot Information
Lot Dimensions: 50x140 Main Square Feet: 7000 Square Feet Lot Size Acres: 0.16 Lot Size Square Feet: 7000
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Listing Price Information
Listing Price: $249900
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Tax Information
Parcel Number: 340490110 Tax Year: 2026 Annual Tax: $3584 Tax Legal Desc: EDINA MANOR N 140 FT OF LOT 15 BLK 1 EDINA MANOR
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Parking Information
Gravel, CarportGarage Information
Has Garage: Yes Garage Space: 2
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Location Information
Direction: 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. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 640 Marshall Street, Albert Lea, MN, 56007 | $169,900 | 6 | 3 | 2,178 | 2,178 SqFt |
| 509 4th Street, Albert Lea, MN, 56007 | $189,000 | 7 | 3 | 1,890 | 1,890 SqFt |
| 413 Hawthorne Street, Albert Lea, MN, 56007 | $229,900 | 4 | 3 | 2,356 | 2,356 SqFt |
| 922 Jefferson Avenue, Albert Lea, MN, 56007 | $164,999 | 4 | 2 | 1,637 | 1,637 SqFt |
| 919 W Front Street, Albert Lea, MN, 56007 | $169,900 | 6 | 2 | 2,064 | 2,064 SqFt |
| 221 N 3rd Avenue, Albert Lea, MN, 56007 | $169,900 | 3 | 2 | 1,990 | 1,990 SqFt |
| 1429 31 Spartan Avenue, Albert Lea, MN, 56007 | $259,000 | 4 | 4 | 2,276 | 2,276 SqFt |
Similar Multifamily To 220 E 7th Street
Nearby For Sale
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ByOwner last updated this listing 07/19/2026 @ 03:14
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