<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from Krupp Realty Fund 7 Financial Statements for the six months ended June 30, 2000 and is qualified in it's entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> JUN-30-2000 <CASH> 334,961 <SECURITIES> 0 <RECEIVABLES> 97,150 <F1> <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 372,250 <PP&E> 23,571,862 <F2> <DEPRECIATION> (15,144,237) <F3> <TOTAL-ASSETS> 9,231,986 <CURRENT-LIABILITIES> 500,353 <BONDS> 10,164,953 <F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (1,433,320) <F5> <TOTAL-LIABILITY-AND-EQUITY> 9,231,986 <SALES> 0 <TOTAL-REVENUES> 2,082,805 <F6> <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,795,427 <F7> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 436,324 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (148,946) <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 $23,256,210 and deferred expenses of $315,652. <F3> Accumulated depreciation of $14,953,516 and accumulated amoritization of $190,721. <F4> Represents mortgage notes payable. <F5> Total deficit of the General Partners of ($316,955) and of the Limited Partners of ($1,116,365) <F6> Includes revenue of the Partnership. <F7> Includes operating expenses of $883,849, real estate taxes of $204,251 and depreciation and amortization of $707,327. <F8> Net loss allocated ($1,489) to the General Partners and ($147,457) to the Limited Partners. Average net loss per Unit of Limited Partner interest is ($5.42) on 27,184 Units outstanding </FN>