1505 Louis St
Albert Lea, MN 56007
2 bd 2 ba 1,014 sqft Built 1951 Lot 6,011 sqft single_family
Most recent sale
$68,000
Apr 22, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 28, 2022 | Price changed for rent | $1,075 | AppfolioUnits |
| May 11, 2022 | Price changed for rent | $1,100 | AppfolioUnits |
| May 2, 2022 | Listed for rent | $1,200 | AppfolioUnits |
| Apr 22, 2022 | Sold | $68,000 | MLS #6166657 |
| Mar 22, 2022 | Listed | $62,900 | MLS #6166657 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $79,100 | $11,500 | $90,600 | $1,460 |
| 2023 | — | — | $61,500 | $1,042 |
| 2022 | — | — | $42,200 | $860 |
| 2021 | — | — | $41,300 | $850 |
| 2020 | — | — | $41,300 | $888 |
| 2019 | — | — | $43,400 | $728 |
| 2018 | — | — | $35,900 | $732 |
| 2017 | $30,985 | $4,915 | $35,900 | $608 |
| 2016 | $26,100 | $5,400 | $31,500 | $586 |
| 2015 | $24,900 | $5,400 | $30,300 | $598 |
| 2014 | $26,597 | $5,403 | $32,000 | $632 |
| 2013 | $28,200 | $5,400 | $33,600 | $780 |
| 2012 | $32,100 | $5,400 | $37,500 | $890 |
| 2011 | $38,640 | $5,160 | $43,800 | $912 |
| 2009 | $64,400 | $8,600 | $73,000 | $870 |
| 2008 | $64,400 | $8,600 | $73,000 | $818 |
| 2007 | $61,300 | $8,200 | $69,500 | $690 |
Property facts
Year built
1951
Property type
single_family
Stories
1
Beds
2
Baths
2
Living area
1,014 sqft
Lot size
6,011 sqft
ZIP code
56007
City
Albert Lea
Street
Louis St
Coordinates
43.65243, -93.38735
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
$408
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1505 Louis St last sell?
1505 Louis St most recently sold on Apr 22, 2022 for $68,000.
What is the current tax assessment for 1505 Louis St?
The most recent total assessment for 1505 Louis St (year 2025) is $90,600 with $1,460 in property tax.
How does 1505 Louis St's assessment compare to its last sale price?
The current assessment is 33.2% above the last sale price of $68,000.
When was 1505 Louis St built?
1505 Louis St was built in 1951.
How does 1505 Louis St compare to others on Louis St?
We track 8 other properties on Louis St. Browse the list under "Other properties on Louis St" to compare beds, baths, and sale history.
What are the property facts for 1505 Louis St?
1505 Louis St is a 2 bed, 2 bath, 1,014 sqft, 6,011 sqft lot single_family.
Is 1505 Louis St a flip candidate?
No — 1505 Louis St does not appear in our flips dataset.
Is 1505 Louis St a tax-appeal candidate?
Yes — 1505 Louis St appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
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 Louis St