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Pete Rathjen, Broker
REALTOR®, - Broker, GRI
(651) 308-4550

220 E 7th Street , Albert Lea, MN 56007

New - 45 Hours Ago

31 Total Photos [Click to View All]

Listed By

Agency Name: Keller Williams Premier Realty
Agency Phone: 507-424-4422

Shown By

Agent Name: Pete Rathjen, Broker
Agent Phone: (651) 308-4550
Agency Title: Counselor Realty

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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.

220 E 7th Street | MLS# 7104298

This multi-family property located at 220 E 7th Street , Albert Lea, MN 56007 is currently listed for sale with an asking price of $249,900. E 7th Street is located within the Albert Lea school district. Search Albert Lea real estate on prathjen.counselorrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Garage: 2
Heating: Baseboard, Ductless Mini-Split
Lot Size: 0.16 Acres
Taxes: $3,584
Year Built: 1949

Feature Descriptions

Days on Site: 1
Foundation Size: 1400
Lot Dimensions: 50x140
Owners Expense: Common Area Maintenance, Grounds Care, Sewer, Snow Removal, Taxes, Trash Collection, Water
Parcel#: 340490110
Parking: Carport, Detached Garage, Gravel
Sewer: City Sewer/Connected
Tenant Expenses: Electricity
Units: 4
Water: City Water/Connected

Local Schools

School District: Albert Lea

Estimate Your Payment

Estimated Payment

$ 1,701.63 per month $1,330.07 Principal & Interest $298.67 Property Tax $72.89 Homeowner's Insurance

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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/08/2026. The listing information on this page last changed on 07/08/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 07/08/2026 12:00:06 AM EST) or RMLS-MN MLS (last updated Tue 07/07/2026 11:53:25 PM EST). Real estate listings held by brokerage firms other than Counselor Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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