1420 Penn Ave
Albert Lea, MN 56007
3 bd 2 ba 1,838 sqft Built 1974 Lot 8,364 sqft single_family
Most recent sale
$237,000
Apr 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 30, 2025 | Sold | $255,000 | NorthstarMLS |
| May 13, 2025 | Price changed | $269,900 | NorthstarMLS |
| May 1, 2025 | Price changed | $277,900 | NorthstarMLS |
| Apr 15, 2025 | Price changed | $279,900 | NorthstarMLS |
| Apr 3, 2025 | Listed | $289,900 | NorthstarMLS |
| Apr 15, 2022 | Sold | $237,000 | MLS #6154432 |
| Feb 22, 2022 | Listed | $230,000 | MLS #6154432 |
| Nov 14, 2019 | Sold | $160,000 | MLS #5297111 |
| Jun 25, 2001 | Sold | $79,900 | MLS #1011272 |
| Apr 24, 2001 | Listed | $79,900 | MLS #1011272 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $183,900 | $2,952 |
| 2023 | — | — | $186,300 | $2,884 |
| 2022 | — | — | $126,600 | $2,334 |
| 2021 | — | — | $122,900 | $2,292 |
| 2020 | — | — | $122,900 | $2,256 |
| 2019 | — | — | $121,400 | $2,006 |
| 2018 | — | — | $108,400 | $1,840 |
| 2017 | $85,528 | $12,072 | $97,600 | $1,748 |
| 2016 | $86,967 | $11,633 | $98,600 | $1,772 |
| 2015 | $88,519 | $11,681 | $100,200 | $1,742 |
| 2014 | $90,072 | $11,728 | $101,800 | $1,682 |
| 2013 | $85,904 | $11,596 | $97,500 | $1,788 |
| 2012 | $81,657 | $11,443 | $93,100 | $1,760 |
| 2011 | $82,844 | $10,356 | $93,200 | $1,692 |
| 2009 | $106,400 | $13,300 | $119,700 | $1,624 |
| 2008 | $106,400 | — | $119,700 | $1,454 |
| 2007 | $96,100 | $13,300 | $109,400 | $1,030 |
Property facts
Year built
1974
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,838 sqft
Lot size
8,364 sqft
ZIP code
56007
City
Albert Lea
Street
Penn Ave
Coordinates
43.63364, -93.39075
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
$2,757
Gross rental yield
13.96%
Implied cap rate
9.07%
Trend-extrapolated value
—
Frequently asked questions
When did 1420 Penn Ave last sell?
1420 Penn Ave most recently sold on Apr 15, 2022 for $237,000.
What is the current tax assessment for 1420 Penn Ave?
The most recent total assessment for 1420 Penn Ave (year 2025) is $183,900 with $2,952 in property tax.
How does 1420 Penn Ave's assessment compare to its last sale price?
The current assessment is 22.4% below the last sale price of $237,000.
When was 1420 Penn Ave built?
1420 Penn Ave was built in 1974.
How does 1420 Penn Ave compare to others on Penn Ave?
We track 3 other properties on Penn Ave. Browse the list under "Other properties on Penn Ave" to compare beds, baths, and sale history.
What are the property facts for 1420 Penn Ave?
1420 Penn Ave is a 3 bed, 2 bath, 1,838 sqft, 8,364 sqft lot single_family.
Is 1420 Penn Ave a flip candidate?
No — 1420 Penn Ave does not appear in our flips dataset.
Is 1420 Penn Ave a tax-appeal candidate?
No — 1420 Penn 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 Penn Ave