MN
Freeborn
Albert Lea
56007
411 Court Street
411 Court Street, Albert Lea, MN 56007
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Listing Type
Multi Family
Listing Status
active
24
$197,900

Home Details for 411 Court Street

Price
$197,900
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
2322
Year built
1915
Lot size acres
0.14
County
Freeborn
Garage
Basement
Walk-Out Access, Block, Storage Space, Sump Pump, Unfinished
Days on site
53
MLS Listing#
6765157
Property Description

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 potential Financials: • 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-occupied Apartment 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 furnace Owner’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 costs Don’t miss this opportunity to own a strong income-producing property with long-term stability and the option for owner occupancy.

Property Features
  • Basement
    • Walk-Out Access
    • Block
    • Storage Space
    • Sump Pump
    • Unfinished
  • Heating Information
    • Natural Gas
    • Forced Air
  • Water Features
    • Public
Listing Courtesy: LandProz Real Estate, LLC - 507-208-0791
NorthstarMLS logo Based on information submitted to the MLS GRID as of 2025-09-04 05:36:55. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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EXIT REALTY REFINED
101 8th St NW #103, Austin, MN 55912
Office
608 406 0505
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