817 Madison Avenue Albert Lea, MN $ 99,000
817 Madison Avenue
$ 99,000
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817 Madison Avenue

Albert Lea, MN, 56007
$ 99,000
Bedrooms3 Baths2.0 Sq 1,270

Monthly Estimate*

$ 684

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Multi-Family Home for sale in Albert Lea, MN

for $99,000 with 3 bedrooms and 2 full baths. This 1,270 square foot home was built in 1901 on a lot size of 0.114.

**Great Investment Opportunity with Income Potential!** Discover the possibilities at **817 Madison Ave, Albert Lea, MN!** This income-producing property is a fantastic opportunity for investors looking to add to their rental portfolio or buyers seeking a property with rental income potential. Featuring a **newer furnace and water heater**, this property offers valuable updates to help reduce future maintenance expenses. Whether you're a seasoned investor or just getting started, this is a great opportunity to own an income-generating property. **Don't miss your chance to make this investment yours!**

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Multi-Family Active

Price

$ 99,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,860

Style

Duplex Up and Down

Lot Size

0.114

Year Built

1901

Town/City

Albert Lea

County/Region

Freeborn

MLS | Web ID

7169299

Features
General
Living Area 1270
Sewer City Sewer/Connected
Heating Forced Air
Roof Age 8 Years or Less
Garage Spaces 0
Year Built 1901
Electric Circuit Breakers
Levels One and One Half
Property Subtype Duplex Up and Down
Tax Year 2026
Gross Income 0
Accessibility None
County Freeborn
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Subdivision Name Railroad Add
Directions Head toward 790th Ave 4.7 mi Turn left onto S Broadway Ave 0.3 mi Turn right onto W Front St 0.2 mi Turn left onto Madison Ave Destination will be on the left
City Albert Lea
High School District Albert Lea
Zoning Description Residential-Multi-Family
Number Of Units Total 2
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 1860
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Block
Basement (Y/N) Y
Above Grade Finished Area 1270
Total Bedrooms 3
Below Grade Finished Area 0
Total Baths 2
Fuel Natural Gas
Garage Square Feet 0
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Exterior
Parking Features Driveway - Other Surface
Water Source City Water/Connected
Lot Size Area 0.114
Building Area Total 2045
Lot Dimensions 50x100
Waterfront Y/N N
Foundation Area 775
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Internal Only
Street Number 1 817
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* Excluded Features
List By
Coldwell Banker River Valley, Realtors

Broker

ginawadding@cbrivervalley.com

Email

Affordability Calculator

$839
Per Month
82%
18%
0%
Monthly Principal & Interest
$684
Monthly Property Taxes
$155
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708674 Elementary School
708663 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/4/2026$99,000 Listed Price

Map


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817 Madison Avenue, Albert Lea, MN, 56007 is a Multi-Family Home for sale at $99,000 with 1,270 sqft and a lot size of 0.114. 817 Madison Avenue has 3 bedrooms, 2.0 baths, and was built in 1901. The property's zip code is 56007 which is in Albert Lea, MN