Closed

$60,000

715 S 1st Ave, Albert Lea, MN 56007

1beds

629sqft

Single Family Residence

Built in 1940

4,965 Square Feet Lot

$61,100 Zestimate^®

$95/sqft

$910 Estimated rent

Home value

$61,100

Estimated sales range

Not available

$910/mo

Zestimate^® history

Owner options

List your home for rent

$910/mo

Rent Zestimate^®

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$910/mo

Rent Zestimate^®

Refinance and save

$307/mo

Est. payment

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$307/mo

Est. payment

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What's special

Investor Special – 1 Bedroom Home on a Huge Lot Near Downtown Albert Lea! Attention investors and savvy buyers! Don’t miss this opportunity to own a 1 bedroom, 1 bathroom home just minutes from downtown Albert Lea – offering convenience, charm, and serious upside potential. This property features: Spacious detached garage Large lot – perfect for expansion, or redevelopment Alley access – ideal for additional parking or future improvements Prime location near downtown shops, dining, and lake access Quiet neighborhood with lots of potential Solid bones – ready for your vision! Whether you're looking to renovate, rent, flip, or build, this is the affordable investment opportunity you’ve been waiting for. Priced to sell – must see in person to truly appreciate the possibilities! Schedule your showing today! Property is sold as is.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1

Bedroom

Level: Main

Kitchen

Level: Main

Heating

Radiant

Cooling

None

Features

Basement: Block
Number of fireplaces: 1

Interior area

Total structure area: 629
Total interior livable area: 629 sqft
Finished area above ground: 629
Finished area below ground: 0

Property

Parking

Total spaces: 1
Parking features: Detached Garage
Garage spaces: 1

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1

Lot

Size: 4,965 Square Feet
Dimensions: 40 x 125

Details

Foundation area: 521
Parcel number: 340640660
Zoning description: Residential-Single Family

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Roof: Age Over 8 Years

Condition

New construction: No
Year built: 1940

Utilities & green energy

Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Belmont Add

HOA

Has HOA: No

Location

Region: Albert Lea

Financial & listing details

Price per square foot: $95/sqft
Tax assessed value: $50,800
Annual tax amount: $600
Date on market: 10/8/2025
Cumulative days on market: 47 days

Price history

Date	Event	Price
3/23/2026	Listing removed	$1,100$2/sqft
Source: Zillow Rentals Report a problem
3/15/2026	Price change	$1,100-4.3%$2/sqft
Source: Zillow Rentals Report a problem
2/22/2026	Listed for rent	$1,150$2/sqft
Source: Zillow Rentals Report a problem
12/12/2025	Sold	$60,000+20%$95/sqft
Source: NorthstarMLS as distributed by MLS GRID #6801512 Report a problem
11/24/2025	Pending sale	$49,999$79/sqft
Source: NorthstarMLS as distributed by MLS GRID #6801512 Report a problem
11/13/2025	Price change	$49,999-16.7%$79/sqft
Source: NorthstarMLS as distributed by MLS GRID #6801512 Report a problem
10/8/2025	Listed for sale	$59,999+823.1%$95/sqft
Source: NorthstarMLS as distributed by MLS GRID #6801512 Report a problem
5/15/2015	Sold	$6,500-18.8%$10/sqft
Source: NorthstarMLS as distributed by MLS GRID #5124909 Report a problem
4/28/2015	Price change	$8,000-15.8%$13/sqft
Source: RE/MAX Properties #4060822 Report a problem
4/10/2015	Price change	$9,500-20.2%$15/sqft
Source: RE/MAX Properties #4060822 Report a problem
3/24/2015	Listed for sale	$11,900+40%$19/sqft
Source: RE/MAX Properties #4060822 Report a problem
9/23/2013	Sold	$8,500-4.5%$14/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #2078201 Report a problem
8/7/2013	Listed for sale	$8,900$14/sqft
Source: Ulwelling Hollerud #4047541 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$668 -0.3%	$50,800 +30.3%
2024	$670 +2.8%	$39,000 -3.7%
2023	$652 +0.6%	$40,500 +2.3%
2022	$648 +14.1%	$39,600 +16.5%
2021	$568	$34,000 +1.5%
2020	$568 -27.2%	$33,500
2019	$780	--
2018	$780 +74.9%	--
2016	$446 +1.8%	--
2015	$438	--
2014	$438 -13.4%	--
2012	$506	--
2011	--	--
2010	--	--