514 7th St
Albert Lea, MN 56007
7 bd 3 ba 2,948 sqft Built 1946 Lot 8,398 sqft multi_family
Most recent sale
$70,000
Dec 15, 2023
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 15, 2023 | Sold | $70,000 | NorthstarMLS |
| Oct 11, 2023 | Listed | $94,700 | NorthstarMLS |
| Mar 7, 2019 | Listing removed | $72,900 | NorthstarMLS |
| Dec 10, 2018 | Listing removed | $72,900 | GreaterLakes |
| Dec 8, 2018 | Listing removed | $72,900 | NorthstarMLS |
| Apr 16, 2014 | Listing removed | $72,900 | Southeastminnesota |
| Feb 18, 2014 | Listed | $72,900 | Southeastminnesota |
| Feb 17, 2014 | Listed | $72,900 | NorthstarMLS |
| Oct 27, 2011 | Sold | $60,995 | Public Record |
| Dec 22, 2006 | Sold | $67,000 | Southeastminnesota |
| Nov 27, 2006 | Listed | $69,900 | Southeastminnesota |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $138,500 | $12,300 | $150,800 | $3,022 |
| 2023 | $77,500 | $8,600 | $86,100 | $1,754 |
| 2022 | $52,800 | $8,600 | $61,400 | $1,476 |
| 2021 | $48,700 | $8,600 | $57,300 | $1,398 |
| 2020 | $61,300 | $8,600 | $69,900 | $1,664 |
| 2019 | $52,900 | $7,400 | $60,300 | $1,406 |
| 2018 | $50,200 | $7,400 | $57,600 | $1,348 |
| 2017 | $53,100 | $8,200 | $61,300 | $1,350 |
| 2016 | $61,600 | $8,200 | $69,800 | $1,520 |
| 2015 | $62,900 | $8,200 | $71,100 | $1,492 |
| 2014 | $63,000 | $8,400 | $71,400 | $1,500 |
| 2013 | $65,000 | $8,400 | $73,400 | $1,692 |
| 2012 | $52,000 | $10,100 | $62,100 | $1,424 |
| 2011 | $58,000 | $10,100 | $68,100 | $1,294 |
| 2009 | $66,700 | — | $76,800 | $1,524 |
| 2007 | $77,400 | $10,900 | $88,300 | $1,702 |
Property facts
Year built
1946
Property type
multi_family
Stories
2
Beds
7
Baths
3
Living area
2,948 sqft
Lot size
8,398 sqft
ZIP code
56007
City
Albert Lea
Street
7th St
Coordinates
43.63664, -93.36141
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$420
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 514 7th St last sell?
514 7th St most recently sold on Dec 15, 2023 for $70,000.
What is the current tax assessment for 514 7th St?
The most recent total assessment for 514 7th St (year 2025) is $150,800 with $3,022 in property tax.
How does 514 7th St's assessment compare to its last sale price?
The current assessment is 115.4% above the last sale price of $70,000.
When was 514 7th St built?
514 7th St was built in 1946.
How does 514 7th St compare to others on 7th St?
We track 8 other properties on 7th St. Browse the list under "Other properties on 7th St" to compare beds, baths, and sale history.
What are the property facts for 514 7th St?
514 7th St is a 7 bed, 3 bath, 2,948 sqft, 8,398 sqft lot multi_family.
Is 514 7th St a flip candidate?
No — 514 7th St does not appear in our flips dataset.
Is 514 7th St a tax-appeal candidate?
No — 514 7th 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
+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 7th St