409 S 7th Avenue, Iowa City, IA 52245
Johnson County
Key Facts
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.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Split Foyer
Year Built
1992
Living Area
1,721 sq ft
Lot Size
0.02 acres
Lot Dimensions
125 X 50
Garage Spaces
2
Days on Market
7364
MLS® Listing#
2602375
Property Features
Interior
Appliances
Cooling
Heating
Basement
Parking
Patio
Fencing
Construction
Other Structures
Sewer
Water Source
Rooms
- First
Schools
- Elementary:
- Longfellow
- Middle:
- Southeast
- High:
- City
Financial Details
Annual Taxes
$4,680
Parcel Number
1014201001
Directions
S on N Dodge St, E on E Jefferson St, continue onto Glendale Rd, S on 7th Ave, corner of 7th Ave and E Court St
Affordability Calculator
$59,990
Estimated monthly payment
$1,596/mo
Principal $239,960 · Est. interest $334,766 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Iowa City, IA
- $276,873
- Median Listing Price
- 67
- Median Days on Market
- 1,684
- Median Sq Ft
- $152
- Median Price / Sq Ft
- 810
- Active Listings
- This home’s price is 8% above the area median.
- Its price per sq ft is 15% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Iowa City, IA.
Location
Getting Around
Points of Interest in Iowa City, IA
Showing the Iowa City area map.
Nearby Schools
Iowa City High School
Secondary · 0.4 mi away
Longfellow Elementary School
Elementary · 0.4 mi away
Herbert Hoover Elementary School
Elementary · 0.4 mi away
Regina Junior Senior High School
Secondary · 0.8 mi away
Regina Elementary School
Elementary · 0.8 mi away
Mark Twain Elementary School
Elementary · 0.9 mi away
Tate High School
Secondary · 0.9 mi away
Southeast Junior High School
Secondary · 1.0 mi away
Mann Elementary School
Elementary · 1.1 mi away
Pci Academy Iowa City
School · 1.1 mi away
Champions at Lucas Elementary
Elementary · 1.1 mi away
Lucas Elementary School
Elementary · 1.1 mi away
Helen Lemme Elementary School
Elementary · 1.3 mi away
University of Iowa Department of Cinematic Arts
School · 1.4 mi away
Enchanted Neighborhood
School · 1.5 mi away
Grant Wood Elementary School
Elementary · 1.5 mi away
Iowa City Community School District
School · 1.6 mi away
Bohumil Shimek Elementary School
Elementary · 1.8 mi away
Melrose Day Care Center
Elementary · 1.9 mi away
Alexander Elementary
Elementary · 2.0 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2323 S CYPRESS, Sioux City, IA | $210,000 | 4 | — | 1,346 |
| 519 S 12th Street, Sac City, IA | $213,000 | 4 | 2 | 2,164 |
| 636 2nd NE, MASON CITY, IA | $213,500 | 4 | — | 2,374 |
| 636 2nd Street NE, Mason City, IA | $213,500 | 4 | 2 | 2,374 |
| 1420 W Lunah Ave., Sioux City, IA | $214,900 | 3 | — | 1,090 |
| 1112 W State, MASON CITY, IA | $215,000 | 3 | — | 1,576 |
Moving Cost Estimate
EXIT Agents in Iowa City
Listing Courtesy: GRAF REAL ESTATE, ERA POWERED - 3198261861
Presented by: Mike Graf-Graf Home Selling Team