221 3rd Ave
Albert Lea, MN 56007
3 bd 2 ba 1,990 sqft Built 1908 Lot 8,059 sqft multi_family
Most recent sale
$115,000
May 31, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 12, 2026 | Listed | $169,900 | NorthstarMLS |
| May 31, 2022 | Sold | $115,000 | MLS #6191197 |
| May 6, 2022 | Listed | $115,000 | MLS #6191197 |
| Jun 13, 2011 | Listing removed | $44,900 | NorthstarMLS |
| Apr 20, 2010 | Sold | $32,500 | MLS #5035440 |
| Mar 12, 2010 | Price changed | $44,900 | MLS #4017195 |
| Feb 19, 2010 | Price changed | $52,500 | MLS #4017195 |
| Dec 29, 2009 | Listed | $57,500 | MLS #4017195 |
| Dec 28, 2009 | Listed | $44,900 | MLS #3865920 |
| Dec 23, 2009 | Listed | $44,900 | MLS #5035440 |
| Jan 11, 2007 | Sold | $79,000 | Public Record |
| Aug 11, 1998 | Sold | $77,540 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $79,200 | $13,600 | $92,800 | $1,494 |
| 2023 | $72,700 | $13,600 | $86,300 | $1,352 |
| 2022 | $48,000 | $13,600 | $61,600 | $1,136 |
| 2021 | $44,000 | $13,600 | $57,600 | $1,076 |
| 2020 | $44,000 | $13,600 | $57,600 | $1,242 |
| 2019 | $55,600 | $11,600 | $67,200 | $1,016 |
| 2018 | $45,900 | $9,700 | $55,600 | $1,028 |
| 2017 | $46,000 | $9,700 | $55,700 | $888 |
| 2016 | $38,800 | $12,100 | $50,900 | $924 |
| 2015 | $41,100 | $12,100 | $53,200 | $940 |
| 2014 | $43,900 | $12,100 | $56,000 | $986 |
| 2013 | $46,600 | $12,100 | $58,700 | $1,196 |
| 2012 | $52,600 | $12,100 | $64,700 | $1,774 |
| 2011 | $87,700 | $10,400 | $98,100 | $1,608 |
| 2009 | $87,700 | $10,400 | $98,100 | $1,552 |
| 2008 | $87,700 | — | $98,100 | $1,492 |
| 2007 | $83,500 | $9,900 | $93,400 | $972 |
Property facts
Year built
1908
Property type
multi_family
Stories
2
Beds
3
Baths
2
Living area
1,990 sqft
Lot size
8,059 sqft
ZIP code
56007
City
Albert Lea
Street
3rd Ave
Coordinates
43.65111, -93.38284
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$690
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 221 3rd Ave last sell?
221 3rd Ave most recently sold on May 31, 2022 for $115,000.
What is the current tax assessment for 221 3rd Ave?
The most recent total assessment for 221 3rd Ave (year 2025) is $92,800 with $1,494 in property tax.
How does 221 3rd Ave's assessment compare to its last sale price?
The current assessment is 19.3% below the last sale price of $115,000.
When was 221 3rd Ave built?
221 3rd Ave was built in 1908.
How does 221 3rd Ave compare to others on 3rd Ave?
We track 8 other properties on 3rd Ave. Browse the list under "Other properties on 3rd Ave" to compare beds, baths, and sale history.
What are the property facts for 221 3rd Ave?
221 3rd Ave is a 3 bed, 2 bath, 1,990 sqft, 8,059 sqft lot multi_family.
Is 221 3rd Ave a flip candidate?
No — 221 3rd Ave does not appear in our flips dataset.
Is 221 3rd Ave a tax-appeal candidate?
No — 221 3rd Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.0%
Implied 1-yr
+11.9%
2026 Q3
$243.6K
2026 Q4
$249.7K
ZIP 56007 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 3rd Ave