Date
Details
Price
Change
Source
7/03/2026
Listed
$249,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
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.
Full Property Details
Full Property Details for 220 E 7th St
General
- Price: $249,900
- Taxes: $3,584 (2026)
- Status: Active
- Type: Multi-Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7104298
- Updated: 7/7/2026
- Added to Site: 6 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Parking
- Garage: Yes
- Garage Description: 22 x 28
- Garage Spaces: 2
- Carport Spaces: 1
- Parking Features: Carport, Detached Garage, Gravel
Location
- County: Freeborn
- Township: Albert Lea
- Driving 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.
School Information
- School District: 241 - Albert Lea
- High School District: Albert Lea
Heating & Cooling
- Heating Type: Baseboard, Ductless Mini-Split
- Heating Fuel: Electric
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Foundation Size: 1400
- Disability Access: None
- Square Feet: 2,800
- Above Ground: 2,800 Sq. Ft.
- Finished Down/Base.: 2,800 Sq. Ft.
- Year Built: 1949
Lot Features
- Lot Size (Acres): 7,000
- Lot Dimensions: 50 x 140
Financial Considerations
- Operating Expenses: $14,200
- Tax Amount: $3,584
- Tax Year: 2026
- Owner Pays: Common Area Maintenance, Grounds Care, Sewer, Snow Removal, Taxes, Trash Collection, Water
- Tenant Pays: Electricity
- Pays Electric: Tenant Pays
- Pays Trash: Owner Pays
- Pays Water: Owner Pays
Disclosures and Reports
- Legal Description: EDINA MANOR N 140 FT OF LOT 15 BLK 1 EDINA MANOR
- Property ID: 340490110
Listed by Keller Williams Premier Realty
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— 220 E 7th St —
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NMLS#: 1598647
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Schools
Schools serving 220 E 7th St
School District:Albert Lea Public School District
| Name | Grades | Distance |
|---|---|---|
Halverson Elementary School 707 East 10th Street, Albert Lea, MN 56007 | K-5 | 0.6 mi |
Southwest Middle School 1601 West Front Street, Albert Lea, MN 56007 | 6-7 | 1.3 mi |
Albert Lea Senior High School 2000 Tiger Lane, Albert Lea, MN 56007 | 8-12 | 2.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 220 E 7th St
Tax History
Tax History for 220 E 7th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,652
27%
$195,500
—
2024
$4,450
40%
$195,500
75%
2023
$3,172
-1%
$111,800
13%
2023
$3,204
27%
$99,000
—
2020
$2,530
—
$99,200
15%
2020
$2,530
—
$86,400
-14%
2020
$2,530
32%
$100,600
25%
2019
$1,910
48%
$80,700
100%
2018
$1,288
-4%
100%
2016
$1,346
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 220 E 7th St
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- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 2Total Baths
- 2,472Sq. Ft.
Listed by RE/MAX Results
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- Updated 5 days ago
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- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 2,124Sq. Ft.
Listed by Edina Realty, Inc.
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- Commercial
- Active
- Updated 6 days ago
- 0.69Acres
Listed by Century 21 Atwood
- Single Family
- Active
- Updated 16 hours ago
- 2Beds
- 2Total Baths
- 2,664Sq. Ft.
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- Updated 12 hours ago
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- 1Total Bath
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- Active
- Updated 6 days ago
- 4Beds
- 2Total Baths
- 2,769Sq. Ft.
Listed by eXp Realty
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- Single Family
- Closed
- 4Beds
- 2Total Baths
- 1,617Sq. Ft.
Listed by Leland Realty
Sold by Leland Realty
Sold by Leland Realty
- Triplex
- Closed
- 6Beds
- 4Total Baths
- 2,636Sq. Ft.
Listed by Robert Hoffman Realty Inc.
Sold by Robert Hoffman Realty Inc.
Sold by Robert Hoffman Realty Inc.
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 2,251Sq. Ft.
Listed by Century 21 Atwood
Sold by eXp Realty
Sold by eXp Realty
- Single Family
- Closed
- 4Beds
- 2Total Baths
- 2,120Sq. Ft.
Listed by Unique Realty
Sold by True Real Estate
Sold by True Real Estate
220 E 7th Street, Albert Lea, MN 56007 (MLS# 7104298) is a Multi-Family property with 4 units containing 4 bedrooms and 0 full bathrooms. 220 E 7th Street is currently listed for $249,900 and was received on July 03, 2026. Want to learn more about 220 E 7th Street? Do you have questions about finding other Multi-Family real estate for sale in Albert Lea? You can browse all Albert Lea real estate or contact a Coldwell Banker agent to request more information.