1199 Central Ave Dubuque, IA 52001
About This Home
This if one of the nicest, most up to date multi-family properties in the Tri-state area. This 11 unit building was totally renovated. It features the most maintenance free, sound proof apartments available. Tenants pay all utilities. Low taxes until 2041 because of a tax abatement. Apartments feature private laundry, high ceilings, exposed brick walls, solid surface counter tops, on-demand gas water heaters and many more amenities. Owner is willing to continue management and/or finish the build out of the last 3 apartments in the basement as part of the agreement which would increase the rent roll to $25,000+ per month. Floor plans attached and also show the 3 garden apartments- Two- 1 bedroom/1 bath & one Studio apartment- projected rents by seller are $1,600, $1,600, $1,100. No fire escape needed-stair wells are fire rated to 3rd floor. Insurance is reasonable since new wiring, plumbing, roof etc, very thick brick walls-according to owner if an apartment were to catch fire it would take 5-6 hrs to spread to another one, also has sprinkler system. Full rent roll available on Assoc. Docs. The 3 apartments on 3rd floor have lofts which can add 3 more bedrooms for a total of 29 bedrooms. Ideal for rental with new medical school downtown. This property was a K-12 school & has been totally rehabbed. Each apartment has a key-fob keyless entry via touchpad, fiber internet, 13-15' ceilings & 9-10' tall windows with lots of natural light. Please see Assoc. Docs for more details. Tenants or landlord can obtain parking pass on 1st come, 1st serve basis quarterly thru City of Dub.$55 per quarter & can park 11th-12th and Main to Central free at meters. 101 & 103 are furnished. 202 & 204 have an office.
Property Details
Home Type
- Condominium
Year Built
- Built in 1900
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Laundry
- Dryer
- Washer
Additional Features
- Basement Fills Entire Space Under The House
- Forced Air Heating and Cooling System
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $672 | $1,272,100 | $63,000 | $1,209,100 |
| 2024 | $672 | $46,800 | $31,500 | $15,300 |
| 2023 | $654 | $46,800 | $31,500 | $15,300 |
| 2022 | $740 | $44,750 | $31,480 | $13,270 |
| 2021 | $740 | $44,750 | $31,480 | $13,270 |
| 2020 | $796 | $44,750 | $31,480 | $13,270 |
| 2019 | $780 | $44,750 | $31,480 | $13,270 |
| 2018 | $768 | $41,989 | $29,389 | $12,600 |
| 2017 | $810 | $41,989 | $29,389 | $12,600 |
| 2016 | $810 | $41,989 | $29,389 | $12,600 |
| 2015 | $794 | $41,989 | $29,389 | $12,600 |
| 2014 | $2,680 | $145,610 | $26,240 | $119,370 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/10/2026 03/10/26 | Price Changed | $2,300,000 | -8.0% | $163 / Sq Ft | |
| 12/10/2025 12/10/25 | Price Changed | $2,500,000 | -7.4% | $177 / Sq Ft | |
| 11/04/2025 11/04/25 | Price Changed | $2,700,000 | -12.9% | $191 / Sq Ft | |
| 02/26/2025 02/26/25 | Price Changed | $3,100,000 | -11.4% | $219 / Sq Ft | |
| 02/01/2025 02/01/25 | For Sale | $3,500,000 | 0.0% | $248 / Sq Ft | |
| 09/04/2024 09/04/24 | For Rent | $1,750 | 0.0% | -- | |
| 07/13/2021 07/13/21 | Sold | $76,000 | -24.0% | $4 / Sq Ft | View Prior Sale |
| 06/22/2021 06/22/21 | Pending | -- | -- | -- | |
| 05/29/2018 05/29/18 | For Sale | $100,000 | -- | $5 / Sq Ft |
Source: East Central Iowa Association of REALTORS®
MLS Number: ECR151285
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Based on information submitted to the MLS GRID
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