<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Realty Fund 7 Financial Statements for the twelve months ended December 31, 1999 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <CASH> 120,525 <SECURITIES> 0 <RECEIVABLES> 244,193<F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 518,462 <PP&E> 23,391,023<F2> <DEPRECIATION> (14,436,906)<F3> <TOTAL-ASSETS> 9,837,297 <CURRENT-LIABILITIES> 625,590 <BONDS> 10,220,052<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (1,008,345)<F5> <TOTAL-LIABILITY-AND-EQUITY> 9,837,297 <SALES> 0 <TOTAL-REVENUES> 3,997,617<F6> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,667,374<F7> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 879,470 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (549,227)<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 $23,075,371 and deferred expenses of $315,652. <F3>Accumulated depreciation of $14,265,488 and accumulated amortization of $171,418. <F4>Represents mortgage notes payable. <F5>Total deficit of the General Partners of ($309,945) and of the Limited Partners of ($698,400). <F6>Includes all revenue of the Partnership. <F7>Includes operating expenses of $1,686,434, real estate taxes of $428,806 and depreciation and amortization of $1,552,134. <F8>Net loss allocated ($5,492) to the General Partners and ($543,735) to the Limited Partners. Average net loss per Unit of Limited Partner interest is ($20.00) on 27,184 Units outstanding. </FN>