MLS# 6765157 - 411 Court Street Albert Lea, MN 56007
MLS# 6765157 - 411 Court Street Albert Lea, MN 56007

MOVE IT REAL ESTATE GROUP

225 NW 1st Ave
Grand Rapids MN
218-327-9889

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Fantastic 4-Plex Investment Opportunity! This well-maintained 4-unit property is a rare find for both seasoned investors and owner-occupants alike. Live in one apartment and let the rental income cover your mortgage, or simply enjoy steady cash flow from a fully rented building with long-term tenants. Property Highlights: • Solid investment with established tenants and consistent rental history • Roof less than 10 years old, cedar siding, and newer landscaping • Ample off-street parking, two decks, and attractive curb appeal • Located in a revitalized neighborhood with continued growth potential Financials: • Estimated Rental Income: $2,325/month ($27,900/year) • Estimated Expenses: $925/month ($11,100/year) • Net Income Potential: $1,400/month ($16,800/year) Current Units & Tenants: • Apt 1: $475/month – Upstairs Efficiency – 13-year tenant • Apt 2: $575/month – Upstairs 1 Bed/1 Bath – 1-year tenant • Apt 3: $575/month – Main 1 Bed/1 Bath – 4-year tenant • Apt 4: $700/month – Main 1 Bed/1 Bath – currently owner-occupied Apartment Features: • All units include window A/C and appliances • Utilities (electric, gas, water, garbage, satellite) included in rent • Basement with sump pump, water heater, and furnace Owner’s Apartment (Apt 4): Beautifully updated 1 bed/1 bath unit featuring: • Kitchen with pantry, stainless steel fridge, range, and dishwasher • Stackable washer/dryer hookups • Enclosed dog door with access to large outdoor kennel • Spacious dining & living areas, full bath with tub/shower • Gorgeous original woodwork, front & back entrances, and private deck • A must-see home full of character! Additional Details: • Buyer to pay closing costs Don’t miss this opportunity to own a strong income-producing property with long-term stability and the option for owner occupancy.

LandProz Real Estate, LLC is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Move It Real Estate - Grand Rapids is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Move It Real Estate - Grand Rapids, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at Oct 6 2025 8:56PM.

Fantastic 4-Plex Investment Opportunity! This well-maintained 4-unit property is a rare find for both seasoned investors and owner-occupants alike. Live in one apartment and let the rental income cover your mortgage, or simply enjoy steady cash flow from a fully rented building with long-term tenants. Property Highlights: • Solid investment with established tenants and consistent rental history • Roof less than 10 years old, cedar siding, and newer landscaping • Ample off-street parking, two decks, and attractive curb appeal • Located in a revitalized neighborhood with continued growth potential Financials: • Estimated Rental Income: $2,325/month ($27,900/year) • Estimated Expenses: $925/month ($11,100/year) • Net Income Potential: $1,400/month ($16,800/year) Current Units & Tenants: • Apt 1: $475/month – Upstairs Efficiency – 13-year tenant • Apt 2: $575/month – Upstairs 1 Bed/1 Bath – 1-year tenant • Apt 3: $575/month – Main 1 Bed/1 Bath – 4-year tenant • Apt 4: $700/month – Main 1 Bed/1 Bath – currently owner-occupied Apartment Features: • All units include window A/C and appliances • Utilities (electric, gas, water, garbage, satellite) included in rent • Basement with sump pump, water heater, and furnace Owner’s Apartment (Apt 4): Beautifully updated 1 bed/1 bath unit featuring: • Kitchen with pantry, stainless steel fridge, range, and dishwasher • Stackable washer/dryer hookups • Enclosed dog door with access to large outdoor kennel • Spacious dining & living areas, full bath with tub/shower • Gorgeous original woodwork, front & back entrances, and private deck • A must-see home full of character! Additional Details: • Buyer to pay closing costs Don’t miss this opportunity to own a strong income-producing property with long-term stability and the option for owner occupancy.

LandProz Real Estate, LLC is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Move It Real Estate - Grand Rapids is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Move It Real Estate - Grand Rapids, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at Oct 6 2025 8:56PM.