220 E 7th ST, Albert Lea, MN 56007
220 E 7th ST, Albert Lea, MN 56007
220 E 7th ST, Albert Lea, MN 56007
220 E 7th ST, Albert Lea, MN 56007
220 E 7th ST, Albert Lea, MN 56007
220 E 7th ST, Albert Lea, MN 56007
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Jay Mangine

Jay Mangine

+1(612) 865-0400
$ 249,900
Est. payment | /mo

4 Beds

4 Baths

2,800 SqFt

Save
$ 249,900
Est. payment | /mo
Save

4 Beds

4 Baths

2,800 SqFt

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,800 sqft

Price per Sqft $89

MLS Listing ID 7104298

Bedrooms 4

Year Built 1949

Annual Tax Amount $3,584

Tax Year 2026

Contingent None

Lot Size 7000.000 Acres

Lot Dimensions 50x140

Property Sub-Type Fourplex

Property Description

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.

Location

State MN

County Freeborn

Rooms

Basement None

Interior

Heating Baseboard, Ductless Mini-Split

Fireplace No

Exterior

Parking Features Carport, Detached Garage, Gravel

Garage Spaces 2.0

Building

Story Two

Foundation 1400

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Albert Lea

Listed by Lanier Pratt • Keller Williams Premier Realty

Schools and Properties Nearby

Jay Mangine

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(612) 865-0400

jay.mangine@gmail.com

Learn More About LPT Realty

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220 E 7th ST