Freeborn County Homes under $400,000

Welcome to Freeborn County, Minnesota—a hidden gem in the heart of the Land of 10,000 Lakes! Nestled in the southeastern part of the state, Freeborn County is known for its charming small towns, friendly communities, and stunning natural landscapes. With its rich agricultural heritage and picturesque lakes, this area offers a peaceful retreat from the hustle and bustle of city life while still providing easy access to modern amenities.

For those looking to find their dream home, Freeborn County presents an incredible opportunity with a diverse selection of homes priced under $400,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, you’ll discover a variety of properties that cater to every lifestyle. From cozy single-family homes with spacious yards perfect for summer barbecues to modern townhouses with low-maintenance living, there’s something for everyone here.

The community spirit in Freeborn County is palpable, with local events and festivals that bring residents together throughout the year. Enjoy outdoor activities like fishing, hiking, and biking around the scenic lakes, or explore the quaint shops and eateries in nearby Albert Lea, the county seat. With excellent schools, parks, and healthcare facilities, Freeborn County is not just a place to live—it’s a place to thrive.

If you’re ready to find your slice of paradise in Freeborn County, explore our listings today and discover homes that fit your budget and lifestyle! Your dream home awaits in this welcoming community where the beauty of nature meets the warmth of home.

Newest Freeborn County Homes under $400,000

$183,000

ACTIVE Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 7157227 MLS ⋅ 1,796 SqFt.

Set along the Shell Rock River, this beautifully restored 1895 home is a rare blend of historic character, thoughtful craftmanship, and everyday livability. Lovingly updated with an eye toward preserving the soul of the house, the home incorporates salvaged and reclaimed materials throughout. From antique doors, cabinetry, drawers and hardware to a salvaged tin ceiling, antique lighting, William Morris wallpaper, custom radiator covers, and one-of-a-kind details that simply cannot be replicated in a new build. Inside, approximately 1,800 square feet offer flexible living space with three bedrooms, additional office/flex space, a full bath, ¾ bath, and a convenient main-floor laundry. The kitchen pairs character with function, featuring poured -concrete countertops and a custom island topped with antique marble. Marble-tiled bathrooms, a cast-iron laundry sink, a gas range, and carefully chosen vintage-inspired finishes continue the home’s collected-over-time feel. The updates extend well beyond the cosmetic. Improvements included a newer boiler, tankless water heater, updated electrical, newer shingles, five Pella windows along the south side of the home, and a freshly painted exterior, all while retaining the warmth and individuality of a late-19th-century house. Outside is where the property becomes something truly special. River views provide a changing backdrop throughout the seasons, while years of thoughtful gardening have created an established landscape filled with perennial and native plantings as well as edible gardens, and apple tree. The historic character goes beyond its own backyard as the home was featured on both local Art & Garden and Historic Home tours as well as the cover story of Albert Lea magazine, a fitting recognition for a property that has been carefully cultivating!

410 1st Avenue SE, Glenville

Listing courtesy of Coldwell Banker River Valley, REALTORS.

$204,900

ACTIVE Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 7156874 MLS ⋅ 1,082 SqFt.

Schedule appointment today to tour this two bedroom home that could be easily made a three bedroom home. The basement of this home has been partially remodeled with framing done, egress window installed, insulation, wiring, rough in for waste, drain and vent piping to accommodate a 3/4 bathroom, finished laundry room and storage room. Upgrades on the main level of this home include new laminate flooring throughout, new kitchen cabinetry, quartz countertops in the kitchen and bathroom, new furnace, AC, water heater, interior repainted throughout, ceiling can lighting and new concrete patio in front of the home. This property is located near Fountain Lake, the public boat access, municipal pedestrian trail that extends around most of the lake and a public golf course. This home is very clean and close to being a turn key home.

1113 Shore Acres Drive, Albert Lea

Listing courtesy of Century 21 Atwood.

$57,000

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7156557 MLS ⋅ 1,123 SqFt.

Looking for your next investment property, rental, or fixer-upper to make your own? Here it is! Priced to sell! This two-bedroom, 1½-bath home offers newer windows and siding, along with plenty of potential. The main level features a bedroom, living room, eat-in kitchen, and a bonus room that would make a great home office or flex space. Upstairs, you’ll find another bedroom and a full bathroom. Step out back onto the deck overlooking a small pond area — a great spot to relax and enjoy the outdoors. Whether you’re looking to add another rental to your portfolio, find an affordable investment property, or purchase a home with potential to make it your own, this one is worth a look! Don’t wait — it won’t last long at this price. Get this one before it’s gone! Conveniently located within one block of beautiful downtown Albert Lea and just blocks from Albert Lea Lake and the Blazing Star Trail. Enjoy easy access to shopping, dining, parks, recreation, and all that downtown has to offer, with convenient interstate access just minutes away.

918 S Newton Avenue, Albert Lea

Listing courtesy of Unique Realty.

$169,900

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7155997 MLS ⋅ 1,299 SqFt.

This home offers a unique opportunity on a spacious 1/2 acre of lakeshore property overlooking the scenic Bancroft Bay on Fountain Lake. The living room features east-facing views of the bay, providing a tranquil backdrop for relaxation. With two bedrooms and two bathrooms, the layout accommodates comfortable living while presenting options for customization. Lower-level recreational area is spacious and has a walkout door to a spacious patio overlooking the large backyard and lake view. The property is situated in a great location, with nearby parks and walking trails, enhancing the outdoor experience and community engagement.

1918 Wilby Road, Albert Lea

Listing courtesy of Leland Realty.

$160,000

COMING SOON Status ⋅ 4 Beds ⋅ 1 Baths ⋅ 7155777 MLS ⋅ 1,440 SqFt.

Welcome to this spacious three-bedroom, two-bath home in Albert Lea, within walking distance of the lake and also offering generously sized rooms and plenty of space to spread out. The exterior has been freshly painted and is ready to take on the seasons, while the large two-car detached garage provides excellent room for vehicles, storage, hobbies, or whatever life throws your way. With its comfortable layout, oversized living spaces, and a price that makes sense in today’s market, this is a home worth putting on your list!

320 Vine Avenue, Albert Lea

Listing courtesy of Re/Max Advantage Plus.

$115,000

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7155870 MLS ⋅ 2,062 SqFt.

Unique 3-bedroom, 2 bath with a 2 stall detached garage and main floor laundry. Bring your tools and vision to this fixer upper packed with character. Original woodwork and floors can be beautiful again with a little bit of work. This property can be easily converted back to a duplex as a separate entrance is already in place. Schedule a showing today and see what some sweat equity can bring to this home. Property is being sold strictly AS-IS and is ready for your updates and personal touch. Cash or conventional financing only. Please note: This sale is subject to final probate court review and approval.

815 Frank Avenue, Albert Lea

Listing courtesy of Leland Realty.

$89,900

COMING SOON Status ⋅ 4 Beds ⋅ 1 Baths ⋅ 7155173 MLS ⋅ 900 SqFt.

Affordable living in the heart of Albert Lea! This well-maintained four-bedroom home offers a warm, welcoming atmosphere with a simple, functional layout that makes everyday living easy. Enjoy the comfort of a home that has been thoughtfully cared for, along with added peace of mind of a new roof and gutter system installed in 2026. Whether you're looking for room to grow, a place to put down roots, or an affordable opportunity to become a homeowner, this property is worth a look. The seller is relocating, creating a great opportunity for the next owner to make this home their own. Don't miss your chance to enjoy comfortable, affordable living in a convenient Albert Lea location!

825 W Clark Street, Albert Lea

Listing courtesy of Re/Max Advantage Plus.

$63,000

ACTIVE Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 7155319 MLS ⋅ 937 SqFt.

Investment opportunity knocks! Bring your tools and vision to transform this 2-bedroom home packed with potential. Step inside from the inviting front porch into the living room. The functional main floor layout features a main-floor bedroom alongside a kitchen equipped with main-floor laundry, conveniently situated next to a 3/4 bath. Upstairs, you’ll find a versatile den area with a closet—perfect for a home office, sitting room, or flex space—leading directly into the second bedroom. Outside offers convenient alley access to a single-stall detached garage. Due to condition, property is sold as-is; cash or conventional financing only. Don’t miss your chance to build sweat equity!

112 N 2nd Avenue, Albert Lea

Listing courtesy of Realty ONE Group Black Diamond.

$150,000

COMING SOON Status ⋅ 2 Beds ⋅ 3 Baths ⋅ 7154838 MLS ⋅ 2,376 SqFt.

Welcome to this charming 2-bedroom, 1-bathroom main-level rambler set on a spacious corner lot of nearly 0.3 acres! Featuring 1,188 sq ft of main-floor living, this home offers fantastic flexibility—the main-floor laundry can easily be relocated back to the full basement to convert the space into a 3-bedroom setup. Enjoy the seasons from the lovely 3-season breezeway porch, perfect for taking in the classic Minnesota views. Additional highlights include an attached 1-car garage, an extra outbuilding for your lawn tools and storage, updated 100-amp electrical wiring, and an included backup generator for added peace of mind.

301 Washington Avenue, Alden

Listing courtesy of eXp Realty.

$94,900

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7154528 MLS ⋅ 1,449 SqFt.

Affordable duplex investment opportunity at 214 W College St in Albert Lea. This cash-flowing property offers two separate units, providing rental income from both sides and an excellent opportunity to build or expand a rental portfolio. The property offers a practical layout, affordable price point, and established rental potential. Whether you're a first-time investor looking for an entry-level property or an experienced landlord adding another unit to your portfolio, this duplex offers the opportunity to generate income while building long-term equity. Conveniently located near local amenities, schools, shopping, and downtown Albert Lea. An affordable duplex with income-producing potential is hard to beat.

214 W College Street, Albert Lea

Listing courtesy of eXp Realty.

$225,000

ACTIVE Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 7151608 MLS ⋅ 3,056 SqFt.

Come and take a closer look at this spacious home with tremendous amenities: a large beautiful lawn, outdoor spaces, and endless options for the use of the many rooms. This home features a main floor family room with a brick fireplace, a formal dining room, a large office with a walk-in closet could easily be an additional bedroom, two bedrooms upstairs each with it's own 2nd room, steel siding, a stamped patio and 3-season room for back yard enjoyment. Take your time walking through. There's a lot to take in.

1639 Massee Street, Albert Lea

Listing courtesy of Unique Realty.

$55,000

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7153700 MLS ⋅ 1,216 SqFt.

Welcome home to this beautiful 3-bedroom, 2-bathroom home in New Hills in Albert Lea, MN! This spacious home offers a comfortable layout with a large living room, a generously sized primary bedroom, and plenty of closet space throughout. The eat-in kitchen provides a great space for everyday meals and entertaining, while the additional bedrooms offer flexibility for family, guests, or a home office. With plenty of room to spread out and thoughtful features throughout, this home is a great opportunity for anyone looking for comfort and convenience in a welcoming community. Come take a look and see if this could be your next home!

2313 Doral Avenue, Albert Lea

Listing courtesy of Realty ONE Group Black Diamond.

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