This investment property is a fixer upper, the back unit has three bedrooms and is already gutted. Two bedroom unit upstairs and a two bedroom unit in the front. Lots of future potential.
Closed
$70,000
514 E 7th St, Albert Lea, MN 56007
7beds
3baths
2,948sqft
Triplex
Built in 1946
-- sqft lot
$133,800 Zestimate®
$24/sqft
$1,517 Estimated rent
Home value
$133,800
$100,000 - $173,000
$1,517/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Gina Wadding 507-383-2493,
Keller Williams Premier Realty
Bought with:
Kristina Wheeler
Keller Williams Premier Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6446454
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
Heating
- Radiant
Appliances
- Laundry: Common Area, Laundry Room, Coin-op Laundry Owned
Features
- Basement: None
Interior area
- Total structure area: 2,948
- Total interior livable area: 2,948 sqft
- Finished area above ground: 2,948
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Pool features: None
- Fencing: None
Lot
- Size: 8,400 sqft
- Dimensions: 56 x 150
Details
- Foundation area: 2948
- Parcel number: 340490870
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1946
Utilities & green energy
- Gas: Electric, Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Albert Lea
Price history
| Date | Event | Price |
|---|---|---|
| 12/15/2023 | Sold | $70,000-26.1%$24/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6446454 Report a problem | ||
| 10/11/2023 | Listed for sale | $94,700+375.9%$32/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6446454 Report a problem | ||
| 6/15/2017 | Sold | $19,900-72.7%$7/sqft |
Source: Agent Provided Report a problem | ||
| 4/17/2014 | Listing removed | $72,900$25/sqft |
Source: Steichen Real Estate #4051158 Report a problem | ||
| 2/19/2014 | Listed for sale | $72,900$25/sqft |
Source: Steichen Real Estate #4051158 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,022 +11.1% | $138,600 -8.1% |
| 2024 | $2,720 +84.3% | $150,800 +7.9% |
| 2023 | $1,476 +5.6% | $139,700 +62.3% |
| 2022 | $1,398 -16% | $86,100 +40.2% |
| 2021 | $1,664 | $61,400 +7.2% |
| 2020 | $1,664 +23.4% | $57,300 |
| 2019 | $1,348 | -- |
| 2018 | $1,348 -11.3% | -- |
| 2016 | $1,520 +1.9% | -- |
| 2015 | $1,492 -0.5% | -- |
| 2014 | $1,500 +5.3% | -- |
| 2012 | $1,424 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Neighborhood: 56007
Nearby schools
GreatSchools rating
- 6/10Halverson Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 4/10Southwest Middle SchoolGrades: 6-7Distance: 1.5 mi
- 6/10Albert Lea Senior High SchoolGrades: 8-12Distance: 2.7 mi
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$133,800
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$136,476
- Minnesota
- Freeborn County
- Albert Lea
- 56007
- 514 E 7th St
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