This apartment is super close to St. Mary's hospital/Mayo Clinic. My Wife and I both work at Mayo Clinic and do rental properties on the side. We remodeled this 2 bedroom/1 bath apartment early spring of 2020. Beautiful hardwood floors, fireplace, 1,400sqft, large bedrooms and closets, deck and patio, new appliances, energy efficient AC and furnace, heated garage, etc... We are looking for someone who will be a good renter and care for the property as much as we do.
$1,275 monthly rent plus gas. We pay for all other utilities. $1,275 damage deposit. No pets, No smoking. Good credit/no criminal history.
Sold for $500,000
$500,000
427 7th Ave SW, Rochester, MN 55902
2beds
1baths
1,400sqft
Apartment
Built in 1939
-- sqft lot
$538,000 Zestimate®
$357/sqft
$1,376 Estimated rent
Home value
$538,000
$500,000 - $581,000
$1,376/mo
Zestimate® history
Owner options
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$1,376/mo
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$1,376/mo
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$3,125/mo
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Forced air
Cooling
- Other
Appliances
- Included: Dryer, Washer
- Laundry: In Unit
Features
- Flooring: Hardwood
- Basement: Partially finished
- Has fireplace: Yes
- Fireplace features: wood stove
Interior area
- Total interior livable area: 1,400 sqft
Property
Parking
- Parking features: Garage - Detached, Off-street
Features
- Exterior features: Other
Lot
- Size: 6,664 Square Feet
Details
- Parcel number: 640221009657
Construction
Type & style
- Home type: Apartment
Materials
- Wood
- Foundation: Concrete Block
- Roof: Asphalt
Condition
- Year built: 1939
Community & HOA
Location
- Region: Rochester
Financial & listing details
- Price per square foot: $357/sqft
- Tax assessed value: $498,900
- Annual tax amount: $7,818
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2025 | Sold | $500,000+70.6%$357/sqft |
Source: Public Record Report a problem | ||
| 1/18/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 1/12/2021 | Listed for rent | $1,275$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 12/9/2020 | Listing removed | $1,275$1/sqft |
Source: Owner Report a problem | ||
| 11/24/2020 | Listed for rent | $1,275+37.8%$1/sqft |
Source: Owner Report a problem | ||
| 11/14/2016 | Sold | $293,000+1.4%$209/sqft |
Source: Public Record Report a problem | ||
| 9/12/2016 | Pending sale | $289,000$206/sqft |
Source: Owner Report a problem | ||
| 9/9/2016 | Listed for sale | $289,000+162.7%$206/sqft |
Source: Owner Report a problem | ||
| 12/5/2015 | Listing removed | $925$1/sqft |
Source: Owner Report a problem | ||
| 11/5/2015 | Listed for rent | $925$1/sqft |
Source: Owner Report a problem | ||
| 6/29/2012 | Sold | $110,000-46.3%$79/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1726605 Report a problem | ||
| 11/18/2010 | Sold | $205,000+41.4%$146/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #1680905 Report a problem | ||
| 8/18/2008 | Sold | $145,000$104/sqft |
Source: Public Record Report a problem | ||
| 6/3/2008 | Sold | $145,000+45%$104/sqft |
Source: Agent Provided Report a problem | ||
| 9/20/2006 | Sold | $100,000$71/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,818 +45.5% | $498,900 +7.4% |
| 2024 | $5,372 | $464,600 +8.9% |
| 2023 | -- | $426,600 +6.8% |
| 2022 | $4,906 +9% | $399,600 +12.1% |
| 2021 | $4,502 -0.4% | $356,600 +9.1% |
| 2020 | $4,520 +8.8% | $326,800 +12.4% |
| 2019 | $4,154 | $290,700 +12.8% |
| 2017 | $4,154 +40.1% | $257,700 +28.7% |
| 2016 | $2,964 | $200,300 +30.1% |
| 2015 | $2,964 +26.6% | $153,900 +2.1% |
| 2014 | $2,342 +6.7% | $150,700 -4.7% |
| 2012 | $2,194 | $158,100 -12.2% |
| 2011 | -- | $180,100 +9.2% |
| 2010 | $2,106 -21.2% | $164,900 -20.9% |
| 2008 | $2,674 | $208,600 |
Find assessor info on the county website
Neighborhood: Historic Southwest
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Nearby schools
GreatSchools rating
- 8/10Folwell Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 5/10John Adams Middle SchoolGrades: 6-8Distance: 2.7 mi
- 9/10Mayo Senior High SchoolGrades: 9-12Distance: 1.6 mi
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Estimated market value
$538,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$538,000
- Minnesota
- Olmsted County
- Rochester
- 55902
- Historic Southwest
- 427 7th Ave SW
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