Closed

$259,900

302 E 7th St, Albert Lea, MN 56007

4beds

2,250sqft

Multi Family

Built in 1949

-- sqft lot

$287,600 Zestimate^®

$116/sqft

$1,395 Estimated rent

Home value

$287,600

$267,000 - $311,000

$1,395/mo

Zestimate^® history

Owner options

List your home for rent

$1,395/mo

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$1,395/mo

Rent Zestimate^®

Refinance and save

$1,629/mo

Est. payment

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$1,629/mo

Est. payment

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What's special

Garage spaceNewer roofs

Great investment opportunity!! Could be used for multi business use. Use it currently as all rental, or start your own business. Live on site also. Lots of ware house space and garage space, along with loading dock . Duplex also attached to property with 2 two bedroom apartments. Great investment , put your ideas to work!! Newer roofs and nicely updated apartments and some mechanicals. Take a look and decide for yourself!! Don't hesitate before it is too late!!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air

Appliances

Laundry: Laundry Room

Features

Basement: Block,Egress Window(s),Finished,Full,Partially Finished

Interior area

Total structure area: 2,250
Total interior livable area: 2,250 sqft
Finished area above ground: 1,500
Finished area below ground: 750

Property

Parking

Total spaces: 4
Parking features: Attached, Concrete, Storage
Attached garage spaces: 4

Accessibility

Accessibility features: None

Features

Levels: Two
Pool features: None
Fencing: None

Lot

Size: 9,713 sqft
Dimensions: 150 x 65
Features: Corner Lot

Details

Foundation area: 750
Parcel number: Tbd
Zoning description: Business/Commercial,Residential-Multi-Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Block, Concrete
Roof: Rubber

Condition

New construction: No
Year built: 1949

Utilities & green energy

Electric: Circuit Breakers, 100 Amp Service
Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & neighborhood

Location

Region: Albert Lea

Price history

Date	Event	Price
8/1/2023	Sold	$259,900+8.3%$116/sqft
Source: NorthstarMLS as distributed by MLS GRID #6316903 Report a problem
6/27/2023	Pending sale	$239,900$107/sqft
Source: NorthstarMLS as distributed by MLS GRID #6316903 Report a problem
2/8/2023	Price change	$239,900-4%$107/sqft
Source: NorthstarMLS as distributed by MLS GRID #6316903 Report a problem
12/27/2022	Listed for sale	$249,900+212.4%$111/sqft
Source: NorthstarMLS as distributed by MLS GRID #6316903 Report a problem
12/3/2004	Sold	$80,000$36/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,462 +88.3%	$350,200 +34.5%
2024	$2,900 +11.2%	$260,300 +166.7%
2023	$2,608 -0.5%	$97,600 +9.4%
2022	$2,620 +56.5%	$89,200 +33.3%
2021	$1,674	$66,900 +7.9%
2020	$1,674 +18.6%	$62,000
2019	$1,412	--
2018	$1,412 +1.1%	--
2016	$1,396 +3.4%	--
2015	$1,350 -0.6%	--
2014	$1,358 -28%	--
2012	$1,886	--
2011	--	--
2010	--	--