<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Realty Fund 7 Financial Statements for the three months ended March 31, 2000 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 206,840 <SECURITIES> 0 <RECEIVABLES> 140,312 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 540,170 <PP&E> 23,477,137 <F2> <DEPRECIATION> (14,791,443) <F3> <TOTAL-ASSETS> 9,366,176 <CURRENT-LIABILITIES> 502,876 <BONDS> 10,192,797 <F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (1,329,497) <F5> <TOTAL-LIABILITY-AND-EQUITY> 9,366,176 <SALES> 0 <TOTAL-REVENUES> 1,039,822 <F6> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 866,489 <F7> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 218,456 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (45,123) <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 $23,161,485 and deferred expenses of $315,652 <F3> Accumulated depreciation of $14,610,372 and accumulated amortization of $181,071. <F4> Represents mortgage notes payable. <F5> Total deficit of the General Partners of ($315,917) and of the Limited Partners of ($1,013,580). <F6> Includes all revenue of the Partnership. <F7> Includes operating expenses of $401,198, real estate taxes of $110,757 and depreciation and amortization of $354,534. <F8> Net loss allocated ($451) to the General Partners and ($44,672) to the Limited Partners. Average net loss per Unit of Limited Partner interest is ($1.64) on 27,184 Units outstanding. </FN>