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Sold on 06/16/2023

712 Madison Ave, Albert Lea, MN 56007

  • $156,000

    Last sold 06/16/2023 for $151K

  • —

    bed

  • —

    bath

  • 2,862

    Sqft ($53/Sqft)

Multi-family not for sale
Movoto is helping 24 homebuyers near you

About 712 Madison Ave

Property type Multi-family
Neighborhood
Year built 1929
HOA fee $0/month
Lot size 10,019 Sqft
Movoto estimate
Parking 2 garage spaces
Rental estimate
Property description
Are you eager to invest in real estate? Look no further! Here's a remarkable opportunity to own a duplex investment property that caters to your needs. Live in one unit while renting out the other, enjoying the benefits of separate electric and gas meters. Both units feature 2 bedrooms, complete with essential amenities such as a refrigerator, stove, washer, dryer, central heating, and air conditioning. This well-maintained property also offers attached tuck-under garages, a spacious yard, delightful decks, and newer windows. Don't miss out on this chance! Schedule a visit today and explore the possibilities it holds for you. Owners would consider a possible contract for deed.
Listed by
Listing Agent - Jeremy Carolan
Listing Office - Carolan Homes
Source: Northstar MLS mls logo
MLS#6377310 • last updated 1 year ago
Movoto checked Northstar MLS for data 21 minutes ago
Overview
Heating Forced Air
Levels/Style One
MLS # 6377310
Type Residential Income
SubType Duplex Side By Side
Property Tax 1848
Tax Assessment 1848
Foreclosure (Y/N) No
Short Sale (Y/N) No
Interior
Accessibility Features None
Exterior
Construction Metal Siding
# Garage Spaces 2
Parking Desc Assigned, Attached Garage, Gravel, Garage Door Opener, Insulated Garage, Tuckunder Garage
Lot Desc Some Trees
Fencing Partial, Wood
Amenities / Utilities
Water Source City Water/Connected
Location
County Freeborn
Subdivision Railroad Add
High School District Albert Lea
APN 340141080
Zoning Residential-Multi-Family
Multifamily Details
Tenant Pays Electricity, Fuel, Grounds Care
Owner Pays Insurance, Repairs, Snow Removal, Taxes, Trash Collection, Water
Total # of Units 2
Annual Gross Income 18600
Expense: Trash 1005
Expense: Insurance 1293
Expense: Water/ Sewer 1157
Lot/ Land Details
Road Frontage City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
Present Use Yearly
Road Responsibility Public Maintained Road
$156K
Range: $135K-$176K
Last 30 days 
Rental est.: $825/month
Gross rent multiplier: 15.7
  • Jun 2023
    mls logo MLS # 6377310
  • Jun 30, 2023 Sold
    $151,000 (-2.6%)
  • Jun 17, 2023 Pending
    —
  • Jun 1, 2023 Listed
    $155,000 (+42.2%)
  • Mar 2021
    mls logo MLS # 5702600
  • Mar 12, 2021 Sold
    $109,000 (-5.2%)
  • Feb 19, 2021 Pending
    —
  • Feb 5, 2021 Price Change
    $114,980 (-14.8%)
  • Jan 22, 2021 Price Change
    $135,000 (-10.0%)
  • Jan 19, 2021 Listed
    $150,000
  • 712 Madison Ave
    $151K
  • Railroad Add
    —
  • 56007
    $239K +6% y/y
  • Albert Lea
    $239K +6% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
4/10
Sibley Elementary School
public Grades K-5
Albert Lea Public School District
3/10
Southwest Middle School
public Grades 6-7
Albert Lea Public School District
4/10
Albert Lea Senior High School
public Grades 8-12
Albert Lea Public School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Railroad Add

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  • Freeborn County
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