220 E 7th Street

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Address: 220 E 7th St, Albert Lea, MN 56007, USA
Chicago & Midwest + Apartment Buildings
Created date: July 30, 2026
Date last updated: September 27, 2026
Price: $249,900Investment Analyzer NEW!

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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $249,900
Year Built: 1949
Lot Size: 2,800.00 Sq ft
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 4
Number of Bathrooms: 4
Address: 220 E 7th Street, Albert Lea, MN 56007, USA
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