409 S 7th AVE, Iowa City, IA 52245
409 S 7th AVE, Iowa City, IA 52245
409 S 7th AVE, Iowa City, IA 52245
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$299,950
Est. payment /mo
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3 Beds
2 Baths
1,721 SqFt
Price Dropped by $10K

409 S 7th AVE Iowa City, IA 52245

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Randon Hill

Randon Hill

+1(319) 777-2127

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,721 sqft

Price per Sqft $174

MLS Listing ID 2605494

Style Split-Foyer

Bedrooms 3

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 1,146

Total Fin. Sqft 1721

Year Built 1992

Annual Tax Amount $4,680

Lot Size 827 Sqft

Acres 0.019

Property Sub-Type Single Family Residence

Property Description

Welcome to this charming and well-located property in the heart of Iowa City right on a corner lot! This split-level home offers a unique investment or owner-occupant opportunity, currently split into two rentable units. A 2-bedroom 1-bathroom unit is located on the upper level. There is a one-bedroom/studio unit layout in the lower level. A one stall attached garage provides easy access to the lower-level unit, while the front door will easily take you to the upper unit. Each level has their own in-unit laundry and appliances. There is an additional one-stall garage that can be used as a workshop or storage unit, conveniently located on the neighboring lot with plenty of room for driveway parking and even gardening or entertaining with a spacious and manageable yard. Each unit is currently tenant occupied on a month-to-month lease, making this an excellent opportunity to expand your investment portfolio while making instant cash flow. This home can also easily be converted back into a home for owner occupancy. You could even live in one unit while renting out the other, making this versatile property full of potential! Just minutes from downtown, parks, and the University of Iowa, the location provides strong rental appeal with easy access to shopping, dining, and entertainment. Each unit offers comfortable living spaces, functional layouts, and great natural light, making it ideal for tenants or multi-generational living.

Location

State IA

County Johnson

Area Iowa City/Coralville

Rooms

Other Rooms Outbuilding, Shed(s)

Basement Full

Interior

Interior Features Breakfast Bar, Dining Area, Separate/Formal Dining Room, Main Level Primary

Heating Forced Air, Gas

Cooling Central Air

Fireplace No

Appliance Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer

Exterior

Exterior Feature Fence

Parking Features Attached, Detached, Garage, Off Street, See Remarks

Garage Spaces 2.0

Water Access Desc Public

Porch Patio

Garage Yes

Building

Entry Level Multi/Split

Sewer Public Sewer

Water Public

Architectural Style Split-Foyer

Level or Stories Multi/Split

Additional Building Outbuilding, Shed(s)

Structure Type Frame,Vinyl Siding

New Construction No

Schools

Elementary Schools Longfellow

Middle Schools Southeast

High Schools City

Others

Pets Allowed Yes

Tax ID 1014201001

Acceptable Financing Cash, Conventional, FHA, USDA Loan, VA Loan

Listing Terms Cash, Conventional, FHA, USDA Loan, VA Loan

Pets Allowed Yes

Virtual Tour https://www.propertypanorama.com/instaview/cdr/2605494

Listed by GRAF REAL ESTATE, ERA POWERED

NEARBY SCHOOL & BUSINESS

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Randon Hill

Randon Hill

Agent | License ID: S67555

+1(319) 777-2127

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409 S 7th AVE