220 E 7th Street, Albert Lea, MN
$249,900
4
Beds
4
Baths
2,800
Square feet
7000.00
Acres
About 220 E 7th Street
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.
Features of 220 E 7th Street
| MLS® # | 7104298 |
|---|---|
| Price | $249,900 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Square Footage | 2,800 |
| Finished SQFT | 2,800 |
| Acres | 7,000.00 |
| Year Built | 1949 |
| Type | Single Family |
| Sub-Type | Fourplex |
| Status | Active |
| Contingency Type | None |
Community Information
| Address | 220 E 7th Street |
|---|---|
| City | Albert Lea |
| County | Freeborn |
| State | MN |
| Zip Code | 56007 |
Amenities
| Parking | Carport, Detached Garage, Gravel |
|---|---|
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard, Ductless Mini-Split |
|---|---|
| Fireplace | No |
| Has Basement | No |
| Basement | None |
Exterior
| Exterior Features | Metal |
|---|
School Information
| District | Albert Lea |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| Taxes | $3,584 |
| Tax Year | 2026 |
| Office | Keller Williams Premier Realty |
Listing Details
| Office | Keller Williams Premier Realty |
|---|