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$45,000   Price Analysis
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1539 E Ave NE
Cedar Rapids, IA 52402
4 bed None bath 1,810 SqFt ($24/SqFt)
8,276SqFt lot. Built 1898
Listed 2024-06-11, Taxes $1,490
Ⓧ USDA Ineligible
due to location

near Cedar Rapids

Looking for a project that actually makes sense

This is it. Inspections are for the buyers purposes only. Being sold as is. This is an upper and lower duplex on a lot that will allow an ADU to be added making it a triplex or fourplex if desired. More details for plans for this within the documents section or feel free to reach out to the listing agent. Its already passed by the city. Both units are currently 2 bedroom, 1 bth with private entrances.

The upper unit could be a 3 bedroom if the third floor room is finished which has a full staircase with the correct headroom off the living room area. Basement is unfinished and has access from the 1st floor unit. This is a project property. Only cash or commercial in house conventional financing is going to work. All highest and best offers are due by 6/24/2024 at 5pm with a response by 6/25/2024 by 12pm. Seller reserves the right to reject all offers.


Presented by Adam Stradt at
Keller Williams Legacy Group.
Listing Agent Photo

Property MLS #2403994 from CedarRapids

Bedrooms: 4

Basement Description: Full

Wood

Lot Size Acres: 0.19
Lot Size Dimensions: 60x140
Lot Size Square Feet: 8276

Parking Total: 4

Elementary School: Trailside
High School: Washington
Middle School: Franklin

Garfield Elementary School is a public elementary school located approximately 0.6 miles away.
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Franklin Middle School is a public middle school located approximately 0.7 miles away.
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George Washington High School is a public high school located approximately 1.2 miles away.
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Regis Middle School is a private middle school located approximately 0.7 miles away.
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Number of Units: 2
Number of 2 Bedroom Units: 2

Calculated Total Monthly Association Fees: 0

Parking Spaces
Annual Tax Amount: 600
Source Listing Status: Active
County: Linn
Directions: On E Ave NE between 14th and 15th St NE
Source Property Type: Multi-Family
Area: NE Quadrant
Source Neighborhood: NE Quadrant
Parcel Number: 14153-59009-00000
Postal City: Cedar Rapids
Zoning: Res
Property Subtype: 1-4 Units
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$10,400 + $18,000
$28,400
$1,490
2021$48,900 + $23,000
$71,900
$1,482
2020$46,800 + $20,400
$67,200
$1,444
2019$46,800 + $20,400
$67,200
$1,254
2018$37,800 + $20,400
$58,200
$1,352
2017$44,100 + $20,400
$64,500
$1,206
2016$35,000 + $20,400
$55,400
$1,236
2015$37,700 + $20,400
$58,100
$1,352
2014$43,165 + $20,400
$63,565
$1,378
2012$45,821 + $20,400
$66,221
$1,194
2011$46,328 + $12,750
$59,078
$1,206
2010$50,099 + $12,750
$62,849
$1,152
2010$50,099 + $12,750
$62,849
$1,152
2009$41,847 + $12,750
$54,597
$966
2004$43,142 + $12,750
$55,892
$946

Listed 2024-06-11
$45,000
CedarRapids
Sold 2021-11-18
$30,000
Public Record
Sold 2021-09-21
$30,000
Public Record

Total Square Feet Living: 1810
Year Built: 1898
Construction Materials: Frame
Property Age: 126
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.