220 E 7th St
Albert Lea, MN 56007
4 Beds
4 Baths
2,800 sqft
4 Beds
4 Baths
2,800 sqft
We estimate this home will sell faster than 81% nearby.
Home Highlights
Parking
Garage
Climate Control
Baseboard, Ductless Mini Split Heating
Price/Sqft
$89
Listed
43 days ago
Local Information
- Map ViewExplore the area around 220 E 7th St.
- Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
- Shop & Eat
-- mins to
About this House
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.
This turn key property is definitely one to look at.
Last check for updates: about 4 hours ago
Listing courtesy of Lanier Pratt, (507) 473-0390
Keller Williams Premier Realty
Source: NorthstarMLS as distributed by MLS GRID, MLS#7104298
Also Listed on NorthstarMLS as distributed by MLS GRID.
We estimate this home will sell faster than 81% nearby.
Home Details for 220 E 7th St
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MLS Status: Active |
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Interior Details Basement: None |
Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 4 |
Dimensions and Layout Living Area: 2800 Square FeetFoundation Area: 1400 |
Heating & Cooling Heating: Baseboard,Ductless Mini-SplitHas HeatingHeating Fuel: Baseboard |
Gas & Electric Gas: Electric |
Levels, Entrance, & Accessibility Number of Stories: 2Levels: TwoAccessibility: None |
View No View |
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Parking & Garage Number of Garage Spaces: 2Number of Carport Spaces: 1Number of Covered Spaces: 2Other Parking: Garage Dimensions (22x28)Has a CarportHas a GarageNo Attached GarageParking Spaces: 3Parking: Carport,Detached Garage,Gravel |
Frontage Not on Waterfront |
Water & Sewer Sewer: City Sewer/Connected |
Finished Area Finished Area (above surface): 2800 Square Feet |
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Cumulative Days on Market: 3Days on Market: 43 |
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Year Built Year Built: 1949 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Fourplex |
Building Not a New ConstructionNo Additional Parcels |
Property Information Parcel Number: 340490110 |
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Price List Price: $249,900Price Per Sqft: $89 |
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Direction & Address City: Albert Lea |
School Information High School District: Albert Lea |
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Listing Agent Listing ID: 7104298 |
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Building Area Building Area: 2800 Square Feet |
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Lot Area: 7000 sqft |
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Contingencies: None |
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Expense Tenant Pays: Electricity |
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Owner Pays: Common Area Maintenance, Grounds Care, Sewer, Snow Removal, Taxes, Trash Collection, Water |
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Mls Number: 7104298Above Grade Unfinished Area: 2800 |
Around this home
What Locals Say about Albert Lea
At least 102 Trulia users voted on each feature.
89 % Say it's dog friendly
87 % Say car is needed
85 % Say parking is easy
82 % Say yards are well-kept
67 % Say kids play outside
65 % Say there are sidewalks
64 % Say streets are well-lit
64 % Say people would walk alone at night
62 % Say there's holiday spirit
59 % Say neighbors are friendly
53 % Say it's quiet
49 % Say there's wildlife
41 % Say they plan to stay for at least 5 years
38 % Say it's walkable to grocery stores
30 % Say it's walkable to restaurants
23 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Albert Lea
Last updated July 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
123
8MoM
Home Value
Trulia Estimate
$242KSince last month
Decreased$900 (-0.4%)Since last year
Increased$34K (+16.1%)Since last sale
Increased$47K (+24.1%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +186% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $242K |
| July 2026 | $243K |
| June 2026 | $225K |
| May 2026 | $214K |
| April 2026 | $213K |
| March 2026 | $213K |
| February 2026 | $207K |
| January 2026 | $210K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.38 | Multi-Family Home | $125,000 | 11/21/25 | 4 | 2 | 1,976 | |
0.57 | Multi-Family Home | $179,900 | 05/07/26 | 4 | 2 | 2,192 | |
0.72 | Multi-Family Home | $157,000 | 03/05/26 | 3 | 4 | 3,506 | |
0.88 | Multi-Family Home | $275,000 | 03/06/26 | 6 | 4 | 3,894 | |
0.77 | Multi-Family Home | $59,000 | 01/14/26 | 6 | 3 | 2,515 | |
0.95 | Multi-Family Home | $185,000 | 06/04/26 | 3 | 2 | 3,496 | |
1.23 | Multi-Family Home | $150,000 | 04/16/26 | 4 | 2 | 3,840 | |
1.38 | Multi-Family Home | $137,500 | 06/30/26 | 3 | 3 | 1,724 | |
0.78 | Multi-Family Home | $235,000 | 08/06/26 | 1 | 2,080 | ||
1.91 | Multi-Family Home | $183,000 | 08/28/25 | 6 | 3 | 2,660 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.05 | $128,100 | 3 | 1 | 1,199 | Off Market | |
0.02 | $279,800 | 4 | 2 | 2,250 | Off Market | |
0.08 | $91,000 | 2 | 2 | 850 | Off Market | |
0.08 | $130,000 | 3 | 1.5 | 960 | Recently Sold | |
0.10 | $93,400 | 4 | 1 | 1,232 | Off Market | |
0.07 | $146,200 | 4 | 2.5 | 3,070 | Off Market | |
0.10 | $82,500 | 1 | 1 | 832 | Off Market | |
0.10 | $139,700 | 3 | 1.5 | 1,924 | Off Market | |
0.10 | $125,800 | 3 | 1 | 1,011 | Off Market | |
0.13 | $139,900 | 3 | 2 | 2,097 | Recently Sold | |
0.09 | $100,400 | 4 | 1.5 | 2,367 | Off Market |
Price and Tax history
| Date | Event | Price |
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Jul 6, 2026 Source: NorthstarMLS as distributed by MLS GRID #7104298 | Listed For Sale | $249,900 |
May 3, 2023 Source: NorthstarMLS as distributed by MLS GRID #6306297 | Sold | $195,000 |
May 1, 2023 Source: NorthstarMLS as distributed by MLS GRID #6306297 | Pending | $205,000 |
Nov 4, 2022 Source: NorthstarMLS as distributed by MLS GRID #6306297 | Listed For Sale | $205,000 |
May 28, 2010 Source: N/A | Sold | $95,000 |
| Year | Property tax | Tax assessment |
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| 2025 | $4,450 | $195,500 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Lanier Pratt, Keller Williams Premier Realty
Agent Phone: (507) 473-0390
Based on information submitted to the MLS GRID as of 2026-08-18 12:18:11 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
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Frequently asked questions about 220 E 7th St
- What is the estimated monthly payment for 220 E 7th St?Based on a $249,900 list price with 20% down at today's rates, the estimated monthly payment for 220 E 7th St in Albert Lea, MN is approximately $1,607 (about $1,311 principal & interest, $221 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- What do residents say about Albert Lea?Residents describe Albert Lea, MN as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See homes for sale in Albert Lea, MN.
- What are the closest schools to 220 E 7th St?The closest schools to 220 E 7th St in Albert Lea, MN are Albert Lea Senior High School (Middle, rated 6/10), Halverson Elementary School (Pre-K, rated 6/10), Southwest Middle School (rated 4/10).
- What is 220 E 7th St estimated to be worth?Trulia's estimated value for 220 E 7th St in Albert Lea, MN is $241,900.
220 E 7th St, Albert Lea, MN 56007 is a 4 bedroom, 4 bathroom, 2,800 sqft multi-family built in 1949. This property is currently available for sale and was listed by NorthstarMLS as distributed by MLS GRID on Jul 6, 2026. The MLS # for this home is MLS# 7104298.