525 W Main St

Albert Lea, MN 56007

$275,000
Price
6
Beds
4
Baths
2,636 Sq. Ft.
$104 / Sq. Ft.
2,636
Sq. Ft.
$104
per Sq. Ft.
Pending
Pending

Description

Amazing income property that is basically brand new. A fire across the street led to hundreds of thousands of dollars in repairs (far more than the property is being sold for.) The lot acrtoss the street where the fire was is a City Owned lot now. Thius property is right on the new sharded user path the County is developing. This property has 4 units. A huge 3 bedroom apartment on the upper level with a nice new deck out front, 2 one bedrooms units on the main level each with their own private decks...Amazing income property that is basically brand new. A fire across the street led to hundreds of thousands of dollars in repairs (far more than the property is being sold for.) The lot acrtoss the street where the fire was is a City Owned lot now. Thius property is right on the new sharded user path the County is developing. This property has 4 units. A huge 3 bedroom apartment on the upper level with a nice new deck out front, 2 one bedrooms units on the main level each with their own private decks and a deteched studio apartment with an attached garage. All for less than $69k a door. The repairs after the fire across the street made the property perfect. The new park and bike path across the street will make the location pretty amazing!
  1. Listed by Robert Hoffman Realty Inc.
  2. Listed by Robert Hoffman Realty Inc.

Property Details for 525 West Main Street

Subdivision Name
Morins Add
LISTING UPDATED: 01/17/2026 10:58 AM

Property Details for 525 West Main Street

StatusPending
MLS #7009918
Days on Compass1
Taxes$1,940 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1940
Lot Size0.16 AC / 6,969 SF
CountyFreeborn County

Location

Listing Courtesy of Robert Hoffman Realty Inc.
Add your commute

Building Information for 525 West Main Street

Stories-Residences4Year Built1940Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$1,502 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,340

Property Taxes

$162

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 525 West Main Street

Summary
Location and General Information
  • City Name: Albert Lea
  • County Or Parish: Freeborn
  • County: Freeborn-MN
  • Directions: From the intersection of Broadway and Main in historic downtown Albert Lea head West down Main Street to the intersection of Euclid & Main and turn South, sharp, into the Main St West side road beside the via dock to the property on the corner of Main St W and Adams Ave.
  • Latitude: 43.647498
  • Longitude: -93.375083
  • Map Coordinate: 999-A1
  • City and Location: Albert Lea
  • City and Location Text: Albert Lea(MN)
  • Postal Code: 56007
  • State Or Province: MN
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 340072140
  • Tax Annual Amount: $1,940.00
  • Tax Legal Description: MORIN'S ADDITION LOT-012 BLOCK-006 W 1/2 LOT 12 BLK 6 MORIN ADDN
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 2144
School Information
  • High School District: 1141 - Albert Lea
  • School District Number: 1141
  • School District Phone: 5073794800
Property
Lot Information
  • Above Grade Fin SQFT: 2636.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 2636.0
  • Living Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Area: 0.16
  • Lot Size Dimensions: 40x150
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • SQFT Main Total: 1258
  • Above Grade SqFt Total: 2636
  • Below Grade SqFt Total: 1258
Utilities
  • Electric: Circuit Breakers
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 1258.0
  • Fuel: Natural Gas
  • Roof: Age 8 Years or Less
Interior Features
  • Basement Type: Full
  • Bathrooms Total Count: 4
  • Bedrooms Total: 6
  • DP Resource: Yes
  • Heating: Boiler
  • Laundry Features: In Basement, Common Area, Laundry Room
  • Levels: Two
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Appl: Range, Refrigerator
  • Unit Bath Description: Upper Level Full Bath
  • Unit Bath Full: 1
  • Unit Cool System: Window
  • Unit Rooms Total: 6
  • Unit SqFt: 1258
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Units Total: 1
  • Dining Room Description: Eat In Kitchen, Kitchen/Dining Room
  • Unit Is Leased: Y
  • Unit Level: 2nd Level
  • Unit Type Total Rent: 995
  • Unit Furnished: Unfurnished
Unit 2
  • Unit Appl: Range, Refrigerator
  • Unit Bath Description: Main Floor Full Bath
  • Unit Bath Full: 1
  • Unit Cool System: Window
  • Unit Rooms Total: 4
  • Unit SqFt: 629
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Dining Room Description: Eat In Kitchen, Kitchen/Dining Room
  • Unit Is Leased: Y
  • Unit Level: Main Level
  • Unit Type Total Rent: 750
  • Unit Furnished: Unfurnished
Unit 3
  • Unit Bath Full: 1
  • Unit Rooms Total: 4
  • Unit SqFt: 62
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Is Leased: N
  • Unit Type Total Rent: 795
  • Unit Furnished: Unfurnished
Unit 4
  • Unit Appl: Range, Refrigerator
  • Unit Bath 3Qtr: 1
  • Unit Bath Description: Main Floor 3/4 Bath
  • Unit Cool System: Window
  • Unit Rooms Total: 2
  • Unit SqFt: 520
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Dining Room Description: Eat In Kitchen, Kitchen/Dining Room
  • Unit Is Leased: Y
  • Unit Level: Main Level
  • Unit Type Total Rent: 800
  • Unit Furnished: Unfurnished

Property History for 525 West Main Street

DateEvent & SourcePriceAppreciation
Jan 17, 2026

Pending

NorthStar #7009918

—
Jan 16, 2026

Listed (Active)

NorthStar #7009918

$275,000—
Aug 31, 2018

Sold (Public Record)

Public Record #1318397676

$175,000—
May 17, 2009

Off Market

Lake Superior Area REALTORS #1680742

$114,900—
May 17, 2009

Off Market

Lake Superior Area REALTORS #1688838

$114,900—
Dec 23, 2008

Listed (Active)

Lake Superior Area REALTORS #1680742

$114,900—
Dec 23, 2008

Listed (Active)

Lake Superior Area REALTORS #1688838

$114,900—
DateEvent & SourcePrice
01/17/2026

Pending

NorthStar #7009918

—
01/16/2026

Listed (Active)

NorthStar #7009918

$275,000
08/31/2018

Sold (Public Record)

Public Record #1318397676

$175,000
05/17/2009

Off Market

Lake Superior Area REALTORS #1680742

$114,900
05/17/2009

Off Market

Lake Superior Area REALTORS #1688838

$114,900
12/23/2008

Listed (Active)

Lake Superior Area REALTORS #1680742

$114,900
12/23/2008

Listed (Active)

Lake Superior Area REALTORS #1688838

$114,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 525 West Main Street

Taxable ValueLand$14,300Additions$87,300Total$101,600
Tax Record2024$2,144 ($179 / month)
Home Facts
Total Finished SqFt2,636 SqFtAbove Grade Finished SqFt2,636 SqFtStories2StyleTriplexYear Built1888CountyFREEBORNAPN34.007.2140

Schools near 525 West Main Street

This home is within Albert Lea Public School District.
Rating
School
Type
Grades
Distance
Lakeview Elementary School
Public - K to 5
Southwest Middle School
Public - 6 to 7
Albert Lea Senior High School
Public - 8 to 12
Albert LEA Elementary Online
Public - 4 to 5
Rating
School
Distance
Lakeview Elementary School
PublicK to 5

Southwest Middle School
Public6 to 7

Albert Lea Senior High School
Public8 to 12

Albert LEA Elementary Online
Public4 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Robert Hoffman Realty Inc.

Based on information submitted to the MLS GRID as of 01/17/2026 10:58 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.