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John Gellerman
REALTOR®, Realtor,CRS,GRI
(612) 990-6004

74500 240th Street, Albert Lea, MN 56007

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Listed By

Agency Name: Real Broker, LLC
Agency Phone: 855-450-0442

Shown By

Agent Name: John Gellerman
Agent Phone: (612) 990-6004
Agency Title: Counselor Realty

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Property Description

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 neigh

74500 240th Street | MLS# 7010518

This single family home located at 74500 240th Street, Albert Lea, MN 56007 is currently listed for sale with an asking price of $650,000. This property was built in 1981 and has 3 bedrooms and 2 full and 1 partial baths with 3180 sq. ft. 240th Street is located within the Albert Lea school district. Search Albert Lea real estate on jgellerman.counselorrealty.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Finished, Walkout
Cooling: Central Air
Fuel Type: Propane
Garage: 6 car attached
Heating: Forced Air
Lot Size: 5.35 Acres
Roof Type: Age Over 8 Years, Asphalt
Stories: 1.0
Taxes: $3,844
Year Built: 1981

Feature Descriptions

Additional Living Info.: All Living Facilities on One Level, Main Floor Bedroom, Main Floor Laundry
Additional Structures: Pole Building, Storage Shed
Appliances: Cooktop, Dishwasher, Double Oven, Dryer, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer
Bath: Full Basement, Main Floor 1/2 Bath, Main Floor Full Bath
Bathrooms Full: 2
Bathrooms Half: 1
Days on Site: 5
Dining: Informal Dining Room
Down Payment Resource: Yes
Exterior: Concrete, Frame
Fencing: Chain Link
Fireplace: Electric, Gas
Foundation Size: 1660
Lot: Suitable for Horses, Tree Coverage - Heavy
Lot Dimensions: 275x280x225x670x50
Parcel#: 130200092
Parking: Attached Garage
Sewer: Mound Septic
Water: Well

Room Sizes

Bathroom: 7x12
Bathroom: 9x11
Dining Room: 19x11
Family Room: 25x28
Bedroom: 12x13
Kitchen: 12x16
Kitchen: 10x25
Laundry: 10x12
Living Room: 16x22
Bedroom 2: 12x13
Bedroom 3: 11x17
Utility Room: 12x23

Local Schools

School District: Albert Lea

Estimate Your Payment

Estimated Payment

$ 3,969.49 per month $3,459.57 Principal & Interest $320.33 Property Tax $189.58 Homeowner's Insurance

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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 03/29/2026. The listing information on this page last changed on 03/29/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 03/29/2026 2:18:40 AM EST) or RMLS-MN MLS (last updated Sun 03/29/2026 12:02:24 AM EST). Real estate listings held by brokerage firms other than Counselor Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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