Listed at
$750,000
$236/sqft

74500 240th Street

74500 240th Street, Albert Lea, MN, 56007
3  Bedrooms3  Bathrooms3,180  Square Feet5.35  Acres
Days on market329
Year built1981
Garage spaces6
TypeResidential
Est. $19,500buyer credit when you buy with SODL
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About this home

A one-of-a-kind private retreat with over $400K in updates, that blends rural serenity with accessible town amenities, tucked into the gorgeous landscape of southern Minnesota. Situated on approximately 5.35 acres, this charming home features three bedrooms and two full baths , 1 new half bath & across approximately 3,180 square feet of living space. From the moment you arrive, the setting impresses: mature landscaping, a generous lot that wraps around your home, and a stunning private pond that creates a tranquil backdrop for your everyday living. Step through the front door and you’ll find a well-laid-out open floor plan on the main level, where living, dining and kitchen spaces flow together seamlessly—ideal for both everyday comfort and entertaining. Large windows bring in natural light, and from the adjoining dining area you’ll step out onto one of two composite decks that enjoy direct views of the pond and the surrounding greenery. The finished walkout lower level offers daylight windows and a walk-out exit give you fresh air and abundant light, creating a perfect space for a family room, game room, guest quarters or hobby studio. The back room could easily be converted back into a Mother In law kitchen. The basement is fully finished and adds substantial usable space to this home. The two-car attached garage has been converted into a car enthusiast's dream and the property’s size and design lend themselves to outdoor pursuits — whether that’s gardening, nature watching, relaxing on the deck with a morning coffee, or simply enjoying the privacy that 5+ acres affords. The city of Albert Lea, MN, offers far more than meets the eye: nestled between lakes, trails and green spaces, the city provides a perfect backdrop for the lifestyle many homeowners seek. The city describes itself as “the heart of southern Minnesota” with “lake. land. life.” at its core. For outdoor lovers, you’re in luck: the nearby Myre-Big Island State Park offers miles of trails, shoreline along Albert Lea Lake, camping and bird-watching. Local parks, the Blazing Star Trail, and access to lakes all invite you to get outside year-round. When it comes to shopping, dining and neighborhood hangouts, downtown Albert Lea delivers the charm of a walkable historic district with plenty to explore. The historic downtown shopping district overlooks Fountain Lake and features more than a dozen local boutiques, coffee shops, eateries and art installations set within restored late-19th/early-20th-century architecture. Browse for unique gifts at local shops, grab a coffee and pastry to linger over, or catch a community event in the heart of town. For daily errands, you’ll find a strong mix of local favorites and convenience stores. The city lists numerous locally-owned shops such as Midwest Antiques, Jeni’s Fine Jewelers, The Seed House and more within its retail mix. Whether it's weekend wandering downstairs or quick errands, the options are within reach and neighboring chain stores and grocery anchors are also accessible. The kind of country-calm property that lets you step back and unwind without ever feeling isolated from town perks. On your acreage lot you have space, privacy, nature, and a home that is thoughtfully laid out. And when you’re ready to step out, Albert Lea offers lakeside recreation, trails, events, unique shopping and a friendly small-city atmosphere. If you like the idea of deck coffee watching the pond, sunsets across the trees, and nearby downtown strolls to local shops and cafés, this home could be the perfect match.

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Home facts

Property typeResidential
Property subtypeSingle Family Residence
Year built1981
LevelsOne
Living area3,180 sqft
Above-grade finished1,660 sqft
Below-grade finished1,520 sqft
Lot size5.35 acres (275x280x225x670x50)
Days on market329
ListedNov 3, 2025
MLS #NST6803029
CountyFreeborn
Parcel #130200092

Facts & features

Interior

Bedrooms
3
Bathrooms
3
Bath breakdown
2 full / 1 half
Heating
Forced Air
Cooling
Central Air
Appliances
Cooktop, Dishwasher, Double Oven, Dryer, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer

Property

Levels / stories
One
Garage
6 spaces · 720 sqft
Parking features
Attached Garage
Patio & porch
Composite Decking, Deck, Patio
Pool
None
Fencing
Chain Link

Construction

Property type
Residential
Property subtype
Single Family Residence
Construction materials
Concrete, Frame
Foundation
1,660 sqft
Roof
Age Over 8 Years, Asphalt
Year built
1981

Utilities

Water
Well
Sewer
Mound Septic
Fuel
Propane
Electric
Circuit Breakers

Community & HOA

HOA
No HOA
School district
Albert Lea

Financial & listing details

Annual tax
$3,844 (2025)
Tax with assessments
3842
Listed
Nov 3, 2025
Days on market
329
Manufactured home
Yes

Interior details

Total bathrooms3
Full baths2
3/4 baths0
Half baths1
1/4 baths0
BasementFinished, Walkout
HeatingForced Air
CoolingCentral Air
LaundryLaundry Room, Main Level
AppliancesCooktop, Dishwasher, Double Oven, Dryer, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer
DiningInformal Dining Room
AmenitiesDeck, Kitchen Window, Patio, Vaulted Ceiling(s), Washer/Dryer Hookup, Wet Bar
AccessibilityNone
Special featuresAll Living Facilities on One Level, Main Floor Bedroom, Main Floor Laundry

Exterior & lot

RoofAge Over 8 Years, Asphalt
Foundation area1,660 sqft
Patio/porchComposite Decking, Deck, Patio
Lot featuresSuitable for Horses, Tree Coverage - Heavy
ZoningResidential-Single Family

Utilities

Water sourceWell
SewerMound Septic
FuelPropane

Parking & garage

ParkingAttached Garage
Garage spaces6
Garage size720 sqft

Financial details

Annual taxes$3,844
Tax year2025
Taxes w/ assessments3842
Assessment pendingNo
Down payment resourceYes
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District number1141
District phone5073794800
High schoolAlbert Lea
SODL flat fee brokerage
$19,500Estimated buyer credit
SODL platform fee $3,000Your buyer credit $19,500

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

  • Tour homes with SODL’s flexible showing network
  • Submit offers and manage your transaction through the platform
  • Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$4,512/mo
Principal & interest$3,942
Property taxes$320
Home insurance (est.)$250
%
$150,000
0%50%
Credit score
Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.

Location

74500 240th Street, Albert Lea, MN, 56007

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Listing information

MLS #NST6803029
StatusActive
Last updatedJan 17, 2026, 3:24 PM
Originally listedNov 3, 2025, 2:07 PM
Listing officeReal Broker, LLC
Co-listing officeReal Broker, LLC

Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.

Based on information submitted to the MLS GRID. 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.