<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Krupp Realty
Fund 7 Financial Statements for the nine months ended September 30, 2000 and is
qualified in its entiriety by reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> SEP-30-2000
<CASH> 185,957
<SECURITIES> 0
<RECEIVABLES> 196,101 <F1>
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 522,225
<PP&E> 23,665,355 <F2>
<DEPRECIATION> (15,495,858)<F3>
<TOTAL-ASSETS> 9,073,783
<CURRENT-LIABILITIES> 703,859
<BONDS> 10,136,507 <F4>
0
0
<COMMON> 0
<OTHER-SE> (1,766,583)<F5>
<TOTAL-LIABILITY-AND-EQUITY> 9,073,783
<SALES> 0
<TOTAL-REVENUES> 3,131,806 <F6>
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 2,684,397 <F7>
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 653,589
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (206,180)<F8>
<EPS-BASIC> 0 <F8>
<EPS-DILUTED> 0 <F8>
<FN>
<F1> Includes all receivables included in "prepaid expenses and other assets" on
the Balance Sheet.
<F2> Multi-family complexes of $23,349,703 and deferred expenses of $315,652.
<F3> Accumulated depreciation of $15,295,488 and accumulated amortization of
$200,370.
<F4> Represents mortgage notes payable.
<F5> Total deficit of the General Partners of ($323,049) and of the Limited
Partners of ($1,443,534).
<F6> Includes all revenue of the Partnership.
<F7> Includes operating expenses of $1,312,260, real estate taxes of $313,188
and depreciation and amortization of $1,058,949.
<F8> Net loss allocated ($2,602) to the General Partners and ($204,118) to the
Limited Partners. Average net loss per Unit of Limited Partner interest is
($7.51) of 27,184 Units outstanding.
</FN>
</TABLE>
