411 Court Street Albert Lea, MN 56007
For Sale MLS# 6765157
3 beds 4 baths 2,322 sq ft Multi-family
Details for 411 Court Street
MLS# 6765157
Description for 411 Court Street, Albert Lea, MN, 56007
Fantastic 4-Plex Investment Opportunity!This well-maintained 4-unit property is a rare find for both seasoned investors and owner-occupants alike. Live in one apartment and let the rental income cover your mortgage, or simply enjoy steady cash flow from a fully rented building with long-term tenants.Property Highlights:• Solid investment with established tenants and consistent rental history• Roof less than 10 years old, cedar siding, and newer landscaping• Ample off-street parking, two decks, and attractive curb appeal• Located in a revitalized neighborhood with continued growth potentialFinancials:• Estimated Rental Income: $2,325/month ($27,900/year)• Estimated Expenses: $925/month ($11,100/year)• Net Income Potential: $1,400/month ($16,800/year)Current Units & Tenants:• Apt 1: $475/month – Upstairs Efficiency – 13-year tenant• Apt 2: $575/month – Upstairs 1 Bed/1 Bath – 1-year tenant• Apt 3: $575/month – Main 1 Bed/1 Bath – 4-year tenant• Apt 4: $700/month – Main 1 Bed/1 Bath – currently owner-occupiedApartment Features:• All units include window A/C and appliances• Utilities (electric, gas, water, garbage, satellite) included in rent• Basement with sump pump, water heater, and furnaceOwner’s Apartment (Apt 4):Beautifully updated 1 bed/1 bath unit featuring:• Kitchen with pantry, stainless steel fridge, range, and dishwasher• Stackable washer/dryer hookups• Enclosed dog door with access to large outdoor kennel• Spacious dining & living areas, full bath with tub/shower• Gorgeous original woodwork, front & back entrances, and private deck• A must-see home full of character!Additional Details:• Buyer to pay closing costsDon’t miss this opportunity to own a strong income-producing property with long-term stability and the option for owner occupancy.
Listing Information
Property Type: Multi-family, Four Plex
Status: Active
Bedrooms: 3
Bathrooms: 4
Lot Size: 0.14 Acres
Square Feet: 2,322 sq ft
Year Built: 1915
Foundation: 1,184 sq ft
Stories: 2 Stories
Subdivision: Morins Add
Number Of Units Total: 4
County: Freeborn
Days On Market: 116
Construction Status: Previously Owned
School Information
District: 241 - Albert Lea
Interior Features
Square Footage above: 2,322 sq ft
Basement: Concrete Block, Sump Pump, Unfinished, Walkout, Sump Basket, Owner Access, Storage Space
Utilities
Water: City Water - In Street
Sewer: City Sewer - In Street
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Exterior: Cedar
Roof: Asphalt Shingles
Lot Dimensions: 50x120
Driving Directions
Heading West on E Main Street, Turn south on Euclid, then East on Court Street. Property on Right side
Financial Considerations
Gross Income: 27900
Expense: 9312
Tax/Property ID: 340070530
Tax Amount: 2407
Tax Year: 2025
HomeStead Description: Homesteaded
A broker reciprocity listing courtesy: HomeProz Real Estate
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 411 Court Street
Sales History
| Date | Price | Change |
|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
|---|---|---|
| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 411 Court Street
| Schools in attendance boundaries | Grades | Distance | Rating |
|---|---|---|---|
| Loading... | |||
| Schools nearby | Grades | Distance | Rating |
|---|---|---|---|
| Loading... | |||
Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
Coming soon properties will soon be on the market, but are not yet available for showings.