$1,543 Closing Credit¹
#6630353, Listing Office: Unique Realty
$129,000 List price
109 Lake Ave Albert Lea, MN 56007
$1,532
Closing credit¹
1,807 sqft
$71 / sqft
Multi-Family
Property details
About 109 Lake Ave
Great investment opportunity for the New Year. Blocks from Albert Lea's Historic Downtown and Fountain Lake. Great walkability to retail, library, post office, restaurants and bars, and all the year round downtown and lake activities. Live in one unit and rent out the other. Upper unit is 1 bedroom and 1 bath, the lower unit is 2 bedroom and 1 1/2 bath. This duplex has original woodwork, separate utilities and an attached garage with extra storage space, along with a nice front porch entrance for both units. Check into this great investment opportunity today.
Highlights
Home typeDuplex
HeatingForced Air
StatusSale Pending
(Pending)
(Pending)
Size1,807 sqft
BasementYes
Year built1916
ParkingAttached Garage
MLS #6616190
Attached garage1 space
Summary
- MLS Number: 6616190
- MLS Name: NORTHSTAR
- Office Name: Leland Realty
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$129,000
109 Lake Ave
$1,532
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $67,500 | $1,662 |
| 2023 | $62,300 | $1,750 |
| 2022 | $66,300 | $1,510 |
| 2021 | $45,900 | $1,510 |
| 2020 | $43,900 | $1,510 |
| 2018 | $- | $1,234 |
History based on county public records data.
Nearby schools
3
Hawthorne Elementary School
Public District PK-5
0.7 mi
•1000 E Hawthorne St
4
Lakeview Elementary School
Public District KG-5
0.9 mi
•902 Abbott St
6
Sibley Elementary School
Public District KG-5
1.3 mi
•1501 W Front St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $20,500. The majority of Albert Lea, MN residents have income less than $<35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
74%
<35k
23%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
58%
Single, No Kids
20%
Single, with Kids
13%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
8%
12-17 yrs old
30%
18-34 yrs old
31%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
UFC
Figure Skating
Pro Wrestling
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
Burger King
Church's Chicken
Cicis Pizza
What do the neighbors drive?
Buick
Cadillac
Pontiac
What do the neighbors listen to?
Urban Contemporary
Jazz
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Albert Lea, MN
About 109 Lake Ave
This home is located at 109 Lake Ave in Albert Lea, MN and zip code 56007. This 1,807 square foot home was built in 1916. Features: 0 bathroom. It has been listed on Rocket Homes since October 14, 2024 and is currently priced at $129,000.
In February 2025 more than 1 listings in Albert Lea, MN were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 9 were sold below. The number of listings in Albert Lea, MN increased by 1.3% between January and February 2025. In February 2025 median list price was $172,000 and the average listing age was 85 days.
From Rocket Homes Real Estate and based on county public records data.