1199 Central Ave Dubuque, IA 52001
Estimated payment $12,250/month
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
- Apartment
Year Built
- Built in 1900
Interior Spaces
- 14,136 Sq Ft Home
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 14 Bedrooms
- 14 Bathrooms
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
Community Details
- 11 Units
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 | +4505.3% | $248 / Sq Ft | |
| 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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listings courtesy of East Central Iowa Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 1433 Main St
- 1477 Locust St
- 1326 Elm St
- 1505 Montrose Terrace
- 306 W Locust St
- 1735 Central Ave
- 517 Loras Blvd
- 364 W Locust St Unit 366 W Locust Street
- 568 Loras Blvd
- 201 W 17th St
- 251 W 17th St Unit 253 West 17th St
- 1735 Madison St Unit 1737 & 1745 Madison
- 345 W 17th St
- 347 W 17th St
- 1765 Madison St
- 351 Dorgan Place
- 35 Clarke Dr
- 609 University Ave
- 1902 White St
- 638 W 8th St
- 1199 Central Ave
- 1199 Central Ave Unit 103
- 1199 Central Ave Unit 302
- 1175 Iowa St
- 1175 Iowa St
- 1131 Main St Unit 2
- 1338 Main St Unit 5
- 1182 Locust St
- 1400 Central Ave Unit 2
- 1471 Main St Unit 1471 Main St - Apt 6
- 1602 Central Ave Unit 202
- 799 Main St
- 1658 Iowa St Unit 1/2
- 1631 Main St Unit 1
- 253 W 17th St Unit 253 1/2 W 17th St
- 571 Jefferson St Unit 1
- 571 Jefferson St Unit 3
- 1737 Madison St Unit 1737-1 Madison St
- 597 Jefferson St
- 626 University Ave Unit 2
Ask me questions while you tour the home.