$249,900

507 Hills Ln Albert Lea, MN 56007

$2,968
Closing credit¹
1,692 sqft
$148 / sqft
Multi-Family

Property details

About 507 Hills Ln

What a great investment!!! With a good cash flow!!! Also owner could live in one half and rent out the other side for extra income. Both units feature a full basement, with an attached garage and deck.(decks were refaced with new lumber ! new garage doors, and storm doors.) Newer flooring in both units. Both units have 2 bedrooms , bath , kitchen , and living room on the main floor. (Appliances are included).(Attached garages) West unit has been completely updated, with new flooring, paint, bathroom , along with the kitchen!! (New appliances in this unit).. This unit will not disappoint. All this located on almost a half of an acre lot . ( Extra Large lot with room to build)You could build that 30x36 garage you always wanted?? (Just check with the city).. Priced to sell !!!

Highlights

Home typeDuplex
HeatingForced Air
StatusActive
Size1,692 sqft
BasementYes
Year built1976
ParkingAttached Garage
MLS #6645385
Attached garage2 spaces

Summary

  • MLS Number: 6645385
  • MLS Name: NORTHSTAR
  • Office Name: Unique Realty

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Last updated on: 2/28/2025, 11:52:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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ranch-style home with a garage

$249,900

507 Hills Ln

$2,968

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jan 05, 2018
Home Sold
$90,437

Tax history

YearAssessmentProperty Tax
2024$190,500$3,338
2023$177,500$3,380
2022$179,200$3,282
2021$130,600$3,282
2020$147,500$3,282
2018$-$2,828

History based on county public records data.

Nearby schools

3

Hawthorne Elementary School

Public District PK-5

1.4 mi

1000 E Hawthorne St

4

Lakeview Elementary School

Public District KG-5

1.8 mi

902 Abbott St

6

Sibley Elementary School

Public District KG-5

2.7 mi

1501 W Front St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $45,432. Most Albert Lea, MN residents have annual incomes between $35k-100k. Residents typically live in married, no kids family. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

37%
<35k
49%
35k-100k
13%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

37%
Single, No Kids
4%
Single, with Kids
46%
Married, No Kids
13%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

7%
<11 yrs old
6%
12-17 yrs old
12%
18-34 yrs old
41%
35-64 yrs old
34%
65+ yrs old

What do the neighbors do for fun?

  • PGA/LPGAPGA/LPGA
  • Figure SkatingFigure Skating
  • NASCARNASCAR

Where do the neighbors shop?

  • Stein MartStein Mart
  • Dick's Sporting GoodsDick's Sporting Goods
  • Academy Sports & OutdoorsAcademy Sports & Outdoors

Where do the neighbors go to eat?

  • Bob EvansBob Evans
  • ArbysArbys
  • Little CaesarsLittle Caesars

What do the neighbors drive?

  • LincolnLincoln
  • BuickBuick
  • GMCGMC

What do the neighbors listen to?

  • News/Talk/InformationNews/Talk/Information
  • Adult StandardsAdult Standards
  • Adult HitsAdult Hits
All data provided by Home Junction and Claritas

Frequently asked questions

Living in Albert Lea, MN

About 507 Hills Ln

This home is located at 507 Hills Ln in Albert Lea, MN and zip code 56007. This 1,692 square foot home was built in 1976. Features: 0 bathroom. It has been listed on Rocket Homes since January 22, 2025 and is currently priced at $249,900.

Albert Lea, MN housing market in January 2025 saw over 1 listings sold above listed price, more than 1 sold at listed price and over 7 sold below. The number of listings in Albert Lea, MN decreased by 6.8% between December and January 2025. In January 2025, listings were on the market for 95 days. During the same period, the median list price in this real estate market was $162,000.

From Rocket Homes Real Estate and based on county public records data.

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