<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> <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> <PREFERRED-MANDATORY> 0 <PREFERRED> 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>