1315 Frank Ave
Albert Lea, MN 56007
4 bd 1 ba 1,064 sqft Built 1940 Lot 9,888 sqft single_family
Most recent sale
$60,000
Apr 8, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 20, 2024 | Sold | $98,000 | NorthstarMLS |
| Aug 20, 2024 | Price changed | $109,900 | NorthstarMLS |
| Aug 6, 2024 | Listed | $119,900 | NorthstarMLS |
| Apr 8, 2024 | Sold | $60,000 | NorthstarMLS |
| Mar 11, 2024 | Listed | $68,500 | NorthstarMLS |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $32,400 | $14,100 | $46,500 | $782 |
| 2022 | — | — | $22,800 | $490 |
| 2021 | — | — | $19,300 | $426 |
| 2020 | — | — | $16,300 | $366 |
| 2019 | — | — | $14,000 | $306 |
| 2018 | $9,086 | $5,114 | $14,200 | $308 |
| 2017 | $9,552 | $5,948 | $15,500 | $316 |
| 2016 | $14,672 | $5,928 | $20,600 | $408 |
| 2015 | $15,060 | $5,940 | $21,000 | $404 |
| 2014 | $15,166 | $5,934 | $21,100 | $408 |
| 2013 | $15,855 | $5,945 | $21,800 | $466 |
| 2012 | $12,253 | $6,847 | $19,100 | $404 |
| 2011 | $22,900 | $11,400 | $34,300 | $414 |
| 2009 | $33,700 | — | $45,000 | $546 |
| 2007 | $29,300 | $12,300 | $41,600 | $502 |
Property facts
Year built
1940
Property type
single_family
Stories
1
Beds
4
Baths
1
Living area
1,064 sqft
Lot size
9,888 sqft
ZIP code
56007
City
Albert Lea
Street
Frank Ave
Coordinates
43.63582, -93.36186
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
$360
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1315 Frank Ave last sell?
1315 Frank Ave most recently sold on Apr 8, 2024 for $60,000.
What is the current tax assessment for 1315 Frank Ave?
The most recent total assessment for 1315 Frank Ave (year 2025) is $46,500 with $782 in property tax.
How does 1315 Frank Ave's assessment compare to its last sale price?
The current assessment is 22.5% below the last sale price of $60,000.
When was 1315 Frank Ave built?
1315 Frank Ave was built in 1940.
How does 1315 Frank Ave compare to others on Frank Ave?
We track 8 other properties on Frank Ave. Browse the list under "Other properties on Frank Ave" to compare beds, baths, and sale history.
What are the property facts for 1315 Frank Ave?
1315 Frank Ave is a 4 bed, 1 bath, 1,064 sqft, 9,888 sqft lot single_family.
Is 1315 Frank Ave a flip candidate?
Yes — 1315 Frank Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 1315 Frank Ave a tax-appeal candidate?
No — 1315 Frank 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 Frank Ave