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$99,900 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 1,424 Sq. Ft.
  • 1 Car Garage
  • Updated 2 hours ago
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Calling all cash investors! This is a great equity building opportunity with this 3-bedroom, 2 bath home. Put your talents to work for a great fall/winter project!

Full Property Details for 506 5th Street E

General

  • Price: $99,900
  • Taxes: $761 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7153548
  • Updated: 10/2/2026
  • Added to Site: 2 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Parking Features: Attached Garage

Location

  • County: Freeborn
  • Township: Albert Lea
  • Subdivision: Lake Add
  • Driving Directions: From Clark St., South on 1st Ave, left on W. Main, right on S. Newton, left on Front St, right on Frank and then left on 5th St.

School Information

  • School District: 241 - Albert Lea
  • High School District: Albert Lea

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Basement Desc.: Unfinished
  • Foundation Size: 800
  • Disability Access: None
  • Square Feet: 1,424
  • Above Ground: 1,424 Sq. Ft.
  • Below Ground: 800 Sq. Ft.
  • Finished Down/Base.: 2,224 Sq. Ft.
  • Year Built: 1920

Lot Features

  • Lot Size (Acres): 0.2
  • Lot Dimensions: 66 x 132
  • Zoning: Residential-Single Family

Financial Considerations

  • Tax Amount: $761
  • Tax Year: 2026
  • Terms: Cash

Disclosures and Reports

  • Special Conditions: In Foreclosure
  • Legal Description: LAKE ADDITION LOT-005 BLOCK-007 LOT 5 BLK 7 LAKE ADDITION
  • Property ID: 340361900

Listed by Leland Realty

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Listing agents

— 506 5th Street E —

  • Leland Realty

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 506 5th Street E

School District:Albert Lea Public School District
NameGradesDistance
Halverson Elementary School
707 East 10th Street, Albert Lea, MN 56007
K-50.6 mi
Southwest Middle School
1601 West Front Street, Albert Lea, MN 56007
6-71.5 mi
Albert Lea Senior High School
2000 Tiger Lane, Albert Lea, MN 56007
8-122.5 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 506 5th Street E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/30/2026
Listed
$99,900
37.79%
MLS
6/08/2017
Sold
$72,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 506 5th Street E

Year
Property Taxes
Change
Tax Assessment
Change
2026
$1,174
3%
$76,900
—
2024
$1,138
10%
$76,900
-25%
2023
$1,038
-1%
$101,900
14%
2023
$1,048
30%
$89,700
-1%
2020
$804
—
$91,000
12%
2020
$804
—
$81,000
25%
2020
$804
18%
$65,000
16%
2019
$682
4%
$56,000
100%
2018
$658
4%
100%
2016
$634
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Leland Realty

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506 5th Street E, Albert Lea, MN 56007 (MLS# 7153548) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 506 5th Street E is currently listed for $99,900 and was received on September 30, 2026. Want to learn more about 506 5th Street E? Do you have questions about finding other Single 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.

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