Closed

$175,000

1438 Lee Ave, Albert Lea, MN 56007

4beds

2baths

3,145sqft

Multi Family

Built in 1956

-- sqft lot

$207,400 Zestimate^®

$56/sqft

$1,179 Estimated rent

Home value

$207,400

$191,000 - $224,000

$1,179/mo

Zestimate^® history

Owner options

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$1,179/mo

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$1,179/mo

Rent Zestimate^®

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$1,089/mo

Est. payment

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$1,089/mo

Est. payment

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What's special

Perfect opportunity to own this income producing duplex. Main level and upper-level unit have two bedrooms, living room, dining area, kitchen, and bathroom. Each unit has over 1000 sq ft. Two laundry rooms in the basement. This home could be converted to a single-family home or perhaps you could live in the upper unit and run a daycare/business on the main level. Many options with this home. The location is within walking distance of a park and an elementary school. This is a must-see opportunity.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Forced Air

Appliances

Laundry: In Basement, Common Area, Electric Dryer Hookup, Lower Level, Laundry Room, Washer Hookup

Features

Basement: Block,Finished,Sump Pump,Walk-Out Access

Interior area

Total structure area: 3,145
Total interior livable area: 3,145 sqft
Finished area above ground: 2,109
Finished area below ground: 1,036

Property

Parking

Total spaces: 2
Parking features: Garage
Garage spaces: 2

Accessibility

Accessibility features: None

Features

Levels: Two
Fencing: Chain Link

Lot

Size: 9,975 Square Feet
Dimensions: 80 x 125

Details

Foundation area: 1036
Parcel number: 340481880
Zoning description: Residential-Single Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame
Roof: Asphalt

Condition

New construction: No
Year built: 1956

Utilities & green energy

Electric: Circuit Breakers, 200+ Amp Service
Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Academy Add

Location

Region: Albert Lea

Financial & listing details

Price per square foot: $56/sqft
Tax assessed value: $202,400
Annual tax amount: $2,560
Date on market: 11/16/2023
Cumulative days on market: 126 days
Tenant pays: Broadband, Cable TV
Road surface type: Paved

Price history

Date	Event	Price
4/30/2024	Sold	$175,000-5.4%$56/sqft
Source: NorthstarMLS as distributed by MLS GRID #6460233 Report a problem
3/21/2024	Pending sale	$184,900$59/sqft
Source: NorthstarMLS as distributed by MLS GRID #6460233 Report a problem
2/8/2024	Price change	$184,900-2.6%$59/sqft
Source: NorthstarMLS as distributed by MLS GRID #6460233 Report a problem
12/22/2023	Price change	$189,900-2.6%$60/sqft
Source: NorthstarMLS as distributed by MLS GRID #6460233 Report a problem
11/16/2023	Listed for sale	$194,900+246.5%$62/sqft
Source: NorthstarMLS as distributed by MLS GRID #6460233 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
8/26/2019	Listing removed	$900
Source: Owner Report a problem
7/26/2019	Listed for rent	$900
Source: Owner Report a problem
2/23/2019	Listing removed	$900
Source: Owner Report a problem
1/22/2019	Listed for rent	$900
Source: Owner Report a problem
12/19/2018	Listing removed	$900
Source: Owner Report a problem
11/7/2018	Listed for rent	$900
Source: Owner Report a problem
6/3/2016	Sold	$56,250+8.2%$18/sqft
Source: NorthstarMLS as distributed by MLS GRID #5035010 Report a problem
5/23/2016	Pending sale	$52,000$17/sqft
Source: Homes Plus Realty #4070068 Report a problem
4/8/2016	Listed for sale	$52,000$17/sqft
Source: Homes Plus Realty #4070068 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,450 -15.7%	$202,400 +11.8%
2024	$2,908 +36.8%	$181,100 +8%
2023	$2,126 +6.8%	$167,700 +0.4%
2022	$1,990 -18.2%	$167,100 +41.7%
2021	$2,432	$117,900 +8.1%
2020	$2,432 +38%	$109,100
2019	$1,762	--
2018	$1,762 -29.5%	--
2016	$2,498 +52.1%	--
2015	$1,642 +9.6%	--
2014	$1,498 +7.8%	--
2012	$1,390	--
2011	--	--
2010	--	--