406 4th St
Albert Lea, MN 56007
2 bd 1 ba 704 sqft Built 1930 Lot 4,356 sqft single_family
Most recent sale
$80,500
Aug 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 1, 2022 | Sold | $80,500 | MLS #6187450 |
| Apr 29, 2022 | Listed | $82,500 | MLS #6187450 |
| Mar 9, 2021 | Sold | $50,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $75,300 | $8,300 | $83,600 | $1,352 |
| 2020 | — | — | $29,900 | $598 |
| 2019 | — | — | $28,300 | $506 |
| 2018 | — | — | $24,400 | $486 |
| 2017 | $20,305 | $2,995 | $23,300 | $474 |
| 2016 | $21,558 | $2,642 | $24,200 | $412 |
| 2015 | $18,163 | $2,637 | $20,800 | $402 |
| 2014 | $18,257 | $2,643 | $20,900 | $410 |
| 2013 | $18,565 | $2,635 | $21,200 | $538 |
| 2012 | $22,758 | $2,642 | $25,400 | $486 |
| 2011 | $20,177 | $3,123 | $23,300 | $498 |
| 2009 | $37,300 | $5,200 | $42,500 | $770 |
| 2008 | $42,600 | — | $47,800 | $654 |
| 2007 | $31,700 | $5,700 | $37,400 | $554 |
Property facts
Year built
1930
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
704 sqft
Lot size
4,356 sqft
ZIP code
56007
City
Albert Lea
Street
4th St
Coordinates
43.64024, -93.36368
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
$483
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 406 4th St last sell?
406 4th St most recently sold on Aug 1, 2022 for $80,500.
What is the current tax assessment for 406 4th St?
The most recent total assessment for 406 4th St (year 2025) is $83,600 with $1,352 in property tax.
How does 406 4th St's assessment compare to its last sale price?
The current assessment is 3.9% above the last sale price of $80,500.
When was 406 4th St built?
406 4th St was built in 1930.
How does 406 4th St compare to others on 4th St?
We track 8 other properties on 4th St. Browse the list under "Other properties on 4th St" to compare beds, baths, and sale history.
What are the property facts for 406 4th St?
406 4th St is a 2 bed, 1 bath, 704 sqft, 4,356 sqft lot single_family.
Is 406 4th St a flip candidate?
Yes — 406 4th St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 406 4th St a tax-appeal candidate?
No — 406 4th St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+7.8%
Implied 1-yr
+31.4%
2026 Q3
$264K
2026 Q4
$277.7K
ZIP 56007 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 4th St