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4 Beds
4 Baths
2,800 sqft

$249,900

220 E 7th Street, Albert Lea MN, 56007

Price per sqft$89.25
Built in1949
Property size2,800 sqft
Property typeMulti-family
Courtesy of Keller Williams Premier Realty, Lanier Pratt Listing Contact:

Overview

Active

Listed Jul 3, 2026

Updated Jul 8

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.

$1,663/mo

Est. mortgage payment based on a $249,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7104298

Interior Features

Bedrooms
4
Bathrooms
4
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.16 Acres

Other Property Details

Taxes
$3,584
Tax Frequency
Annually
Maintenance Expense
$500
Garage
Yes
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Listings courtesy of Northstar MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Wahlberg & Toohey Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 3:35 AM UTC on 7/8/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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