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525 W Main St; Albert Lea, MN Property Details

525 W Main St, Albert Lea, MN is a Triplex 3 Units that was built in 1940. This property is currently Financed and is not for sale. Our records show that 525 W Main St has 3 bedrooms, and 1.5 bathrooms, and a total of 2,636 square feet. The lot size of 525 W Main St is 7,000 square feet.

Off market
525 W Main St Albert Lea, MN 56007
$275,000 Listing Price
3 Beds
1.5 Baths
2,636 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1940
  • Purchase Price: $275,000
  • Open Loans / Balance: 2 / $165,895
  • Est. Equity / %: $50,105 / 23.2%
  • APN: 34.007.2140
  • Situs County: Freeborn
  • Length Of Ownership: 6 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 7
  • Partial Bathrooms: 1

Structure

  • Building Style: Frame
  • Floor Cover Type: Carpet
  • Stories: 2
  • Exterior Wall Type: Vinyl siding
  • Interior Wall Type: Plaster
  • Building Condition: Fair
  • Roof Type: Gable
  • Porch Type: Open
  • Roof Cover Type: Asphalt
  • Deck: true

Measurements

  • Total: 2,636/SqFt
  • Lot: 7,000/SqFt
  • Gross: 2,636/SqFt
  • Garage: 720/SqFt
  • Living: 2,636/SqFt
  • Building: 2,636/SqFt
  • Ground: 1,378/SqFt
  • Garage Unfinished: 720/SqFt
  • Price Per Square Foot: $104.32

Legal Description

  • Description: MORIN'S ADDITION LOT-012 BLOCK-006 W 1/2 LOT 12 BLK 6 MORIN ADDN
Building Insights

Land Information

  • Property Type: Triplex 3 Units
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Albert Lea Public School District
  • Lat / Lon: 43.647552 / -93.37502
  • Subdivision: Morin'S Addition
  • Property Class: Residential
  • Zoning: RP
  • County Use Code: 206

Amenities

  • Plus Four: 2638
  • Bathroom Fixtures: 2
  • Cooling: Yes
  • Garage: Detached Garage
  • Heating: Baseboard

Ownership Info

525 W Main St has no associated ownership info
525 W Main St has no associated ownership info.

Taxes

525 W Main St has 10 associated Taxes items

525 W Main St, Albert Lea, MN pays taxes in Freeborn County, MN. The most recent tax assessment records are from 2026 and show that the current assessed value of the property is $101,600. The APN we've located for 525 W Main St is 34.007.2140.

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Taxes
  • Assessed Value:  $101,600
  • Assessed Year:  2026
  • Assessed County:  Freeborn
  • APN:  34.007.2140
  • Assessed Land Value:  14300
  • Market Land Value:  14300
  • Tax Amount:  2136
  • Tax Year:  2025
  • Market Value:  101600
  • Market Year:  2026

Tax History

525 W Main St has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $101,600 Land Value $14,300 Improvement Value $87,300 Tax Amount $2,136 Change Rate Assessed CR Tax Rate +0.021024%
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $2,136 Change Rate -0.003731% Assessed CR Tax Rate
Year 2024 Assessed Value $101,400 Land Value $6,100 Improvement Value $95,300 Tax Amount $2,144 Change Rate +0.626707% Assessed CR Tax Rate +0.021144%
Year 2023 Assessed Value $59,800 Land Value $6,100 Improvement Value $53,700 Tax Amount $1,318 Change Rate -0.473221% Assessed CR Tax Rate +0.02204%
Year 2022 Assessed Value $59,600 Land Value $6,100 Improvement Value $53,500 Tax Amount $2,502 Change Rate +0.086881% Assessed CR Tax Rate +0.04198%
Year 2021 Assessed Value $108,200 Land Value $6,100 Improvement Value $102,100 Tax Amount $2,302 Change Rate +0.00524% Assessed CR Tax Rate +0.021275%
Year 2020 Assessed Value $97,900 Land Value $6,100 Improvement Value $91,800 Tax Amount $2,290 Change Rate -0.045833% Assessed CR Tax Rate +0.023391%
Year 2019 Assessed Value $105,700 Land Value $5,600 Improvement Value $100,100 Tax Amount $2,400 Change Rate +0.111111% Assessed CR Tax Rate +0.022706%
Year 2018 Assessed Value Land Value Improvement Value Tax Amount $2,160 Change Rate +0.213483% Assessed CR Tax Rate
Year 2016 Assessed Value Land Value Improvement Value Tax Amount $1,780 Change Rate +0.034884% Assessed CR Tax Rate
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $1,720 Change Rate -0.00463% Assessed CR Tax Rate
Year 2013 Assessed Value Land Value Improvement Value Tax Amount $1,728 Change Rate -0.288303% Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $2,428 Change Rate Assessed CR Tax Rate