409 S 7th Avenue, IowaCity, IA 52240
Ridgewood · 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!
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Split
Year Built
1992
Living Area
1,721 sq ft
Lot Dimensions
50 x 125
Parking Spaces
2
Zoning
Residential
MLS® Listing#
202602308
Property Features
- Interior:
- Other, Breakfast Bar
- Appliances:
- Dishwasher, Microwave, Refrigerator, Dryer, Washer
- Cooling:
- Central Air
- Heating:
- Forced Air
- Flooring:
- Carpet, Laminate
- Fireplace:
- None
- Basement:
- Full
- Parking:
- Off Street, Attached
- Patio:
- Patio
- Construction:
- Vinyl Siding, Frame
- Security:
- Smoke Detector(s)
- Other Structures:
- Outbuilding, Shed(s)
- Community:
- Sidewalks, Street Lights
- Sewer:
- Public Sewer
- Water Source:
- Public
Schools
- Elementary:
- Longfellow
- Middle:
- Southeast
- High:
- City
HOA & Tax
- HOA:
- None
- Annual Tax:
- $4,680 (2024)
- Parcel #:
- 1014201001
Directions
Corner of Court Street and 7th Avenue
Affordability Calculator
$61,990
Estimated monthly payment
$1,650/mo
Principal $247,960 · Est. interest $345,926 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in IowaCity, IA
- $361,345
- Median Listing Price
- 70
- Median Days on Market
- 1,797
- Median Sq Ft
- $195
- Median Price / Sq Ft
- 266
- Active Listings
- This home’s price is 14% below the area median.
- Its price per sq ft is 8% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in IowaCity, IA.
Location
- 409 S 7th Avenue, IowaCity, IA 52240
Walk Score
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
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Moving Cost Estimate
EXIT Agents in IowaCity
Listing Courtesy: Barkalow & Associates, Realtors - 3193548644
Presented by: Tracy Barkalow