Skip to main content
Front exterior at 817 Madison Avenue, Albert Lea, MN
Interior view at 817 Madison Avenue, Albert Lea, MN
Photo 26 at 817 Madison Avenue, Albert Lea, MN
For SaleActiveNew

817 Madison Avenue, Albert Lea, MN 56007

3beds
2baths
1,270sqft
1901

$99,000

$78/sqft · Est. $530/mo

About This Home

This 3-bedroom, 2-bathroom multi-family at 817 Madison Avenue in Albert Lea, MN is listed for $99,000 ($78 per sqft). Built in 1901, the home offers 1,270 sqft of living space on a 0.11 acres lot.

Key Features

  • Built in 1901
  • 0.11 acre lot

Property Details

2 full
1901
Listing Description

**Great Investment Opportunity with Income Potential!** Discover the possibilities at **817 Madison Ave, Albert Lea, MN!** This income-producing property is a fantastic opportunity for investors looking to add to their rental portfolio or buyers seeking a property with rental income potential.

Featuring a **newer furnace and water heater**, this property offers valuable updates to help reduce future maintenance expenses. Whether you're a seasoned investor or just getting started, this is a great opportunity to own an income-generating property. **Don't miss your chance to make this investment yours!**

Monthly Cost Estimate

$529/mo

20% down · 6.5% · 30 years

Principal$72
Interest$429
Insurance$29

Estimates only. Actual payments may vary.

Location

817 Madison Avenue

Albert Lea, MN 56007

Railroad Add

Property Details

Parking

Other

Heating

Forced Air

Questions & Answers

This 3-bedroom, 2-bathroom multi-family at 817 Madison Avenue is listed at $99,000 ($78/sqft). The estimated monthly payment is $530 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1901, 0.11 acre lot.

This property is listed by Gina Wadding.

GW

Gina Wadding

Agent at Owatonna Home Connection

Listed by Owatonna Home Connection · Broker phone: (507) 373-8963 · View on Broker Site · Broker website

MLS# 7169299· Source: Northstar MLS· 8 days on PropertySimple

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

817 Madison Avenue, Albert Lea, MN 56007

Open this listing in: