$349,000
$16K PRICE DROP

Estimated payment $2,163/month

Total Views 2,548
-- Bed
-- Bath
3,360 Sq Ft
$104 Price per Sq Ft

Highlights

  • Cooling System Mounted To A Wall/Window
  • Wood Siding
  • 5-minute walk to Veterans Memorial Park
  • Hot Water Heating System

About This Home

This home is located at 1400 7th Ave SW, Cedar Rapids, IA 52404 and is currently priced at $349,000, approximately $103 per square foot. This property was built in 1966. 1400 7th Ave SW is a home located in Linn County with nearby schools including Cedar River Academy at Taylor Elementary School, Wilson Middle School, and Thomas Jefferson High School.

Last Listed By

Rachael Ray

SKOGMAN REALTY Listed on: 04/18/2025

SKOGMAN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,727

Year Built

  • Built in 1966

Lot Details

  • 9,409 Sq Ft Lot
  • Lot Dimensions are 82.5x114

Home Design

  • Frame Construction
  • Wood Siding

Interior Spaces

  • 3,360 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

  • Cedar River Academy Elementary School
  • Wilson Middle School
  • Jefferson High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Hot Water Heating System

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 142930301100000

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $15,579
  • Gross Income $42,900
  • Net Operating Income $27,321

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,727

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential
  • Zoning: APT
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 0.216
  • Co List Office Phone: 319-366-6427
  • MLS Status: Active
  • Directions: 1st Ave to 15th St SW to 7th Ave SW
  • Year Built: 1966
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Type: Frame, Wood Siding

Garage/Parking

  • Parking Features: Parking Space(s)
  • Total Parking Spaces: 8.0

Utilities

  • Utilities: Separate Meters
  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Hot Water
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: Cedar River Academy
  • High School: Jefferson
  • Middle Or Junior School: Wilson

Lot Info

  • Lot Dimensions: 82.5X114
  • ResoLotSizeUnits: Acres
  • Parcel Number: 142930301100000
  • Zoning Description: APT

Rental Info

  • Owner Pays: Water

Multi Family

  • Gross Income: 42900.0
  • Net Operating Income: 27321.0
  • Number Of Units Total: 7
  • Annual Operating Expense: 15579.0
  • Tenant Pays: Electricity

Tax Info

  • Tax Annual Amount: 3727.0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2025 06/05/25 Price Changed $349,000 -4.4% $104 / Sq Ft
04/18/2025 04/18/25 For Sale $365,000 +39.3% $109 / Sq Ft
10/23/2020 10/23/20 Sold $262,000 -1.1% $78 / Sq Ft
09/11/2020 09/11/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $265,000 -- $79 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2502795

Cedar Rapids Area Association of REALTORS®