$100,000
SOLD OCT 22, 2025

2541 Central Ave Dubuque, IA 52001

-- Bed
-- Bath
3,000 Sq Ft
0.26 Acres

Recently Sold

$33 Per Sq Ft

31% Below List Price

0 Day on Market

About This Home

As of October 2025

Ready to expand your investment portfolio? Look no further than 2541 Central Avenue! This commercial and residential property, formerly a pharmacy, is waiting for its next owner. The two 1 bedroom apartments on the second level will be sure to bring additional income once renovated, making this a great investment opportunity! Property also has its own parking lot, adding valuable off street parking for customers and tenants. All income is projected.

Last Agent to Sell the Property

Rose Bowen

Keller Williams Legacy Group Listed on: 10/01/2025

Keller Williams Legacy Group

Last Buyer's Agent

Jeremy Schmelzer

eXp Realty, LLC

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Stone Foundation
  • Composition Shingle Roof
  • Rubber Roof

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Gas Available

Listing and Financial Details

  • The owner pays for gas, water, electric, heat, trash

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $2,000
  • Utility Expense $1,000
  • Real Estate Tax Expense $1,536
  • Net Operating Income $27,264

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: 2 Story
  • Style2: 2 Story
  • Type: Duplex
  • Year Built: 1900
  • Lvt Date: 10/01/2025
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Estimated Total Above Ground Sq Ft: 3000
  • Estimated Finished Sq Ft: 3000
  • Estimated Sq Ft: 3000
  • Estimated Main Sq Ft: 1500
  • Estimated Upper Sq Ft: 1500
  • Basement: Full

Exterior Features

  • Foundation: Rock
  • Roof: Asp/Composite Shingle, Rubber
  • Siding: Brick

Garage/Parking

  • Parking: Off Street

Utilities

  • Fuel Type: Gas
  • Heat Type: Forced Air

Lot Info

  • Zoning: Commercial

Rental Info

  • Owner Pays: Gas, Water, Electric, Heat, Trash

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2025
Closed on
Oct 22, 2025
Sold by
Nightingale Llc
Bought by
Hitzler Rental Llc
Seller's Agent
Rose Bowen
Keller Williams Legacy Group
Buyer's Agent
Jeremy Schmelzer
eXp Realty, LLC
List Price
$145,000
Sold Price
$100,000
Premium/Discount to List
-$45,000
-31.03%
Views
173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Outstanding Balance
$288,000
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $100,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $288,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2025 10/22/25 Sold $100,000 -31.0% $33 / Sq Ft
10/01/2025 10/01/25 Pending -- -- --
10/01/2025 10/01/25 For Sale $145,000 -- $48 / Sq Ft
Source: East Central Iowa Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $1,582 $160,500 $50,400 $110,100
2024 $1,582 $110,000 $40,300 $69,700
2023 $1,536 $110,000 $40,300 $69,700
2022 $1,598 $96,620 $40,320 $56,300
2021 $1,598 $96,620 $40,320 $56,300
2020 $1,718 $96,620 $40,320 $56,300
2019 $1,676 $96,620 $40,320 $56,300
2018 $1,650 $90,171 $37,632 $52,539
2017 $1,742 $90,171 $37,632 $52,539
2016 $1,706 $90,171 $37,632 $52,539
2015 $1,706 $90,171 $37,632 $52,539
2014 $1,482 $80,510 $33,600 $46,910
Source: Public Records

Agents Affiliated with this Home

  • Rose Bowen

    Seller's Agent in 2025

    Rose Bowen

    Keller Williams Legacy Group

    (563) 451-7588

    179 Total Sales

    Rose Bowen
    Section Image

  • J

    Buyer's Agent in 2025

    Jeremy Schmelzer

    eXp Realty, LLC

    (563) 599-4150

    8 Total Sales

    Jeremy Schmelzer
    Section Image
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Map

Source: East Central Iowa Association of REALTORS®

MLS Number: 153154

East Central Iowa Association of REALTORS®

APN: 10-13-314-027

Iowa Dubuque County Dubuque 52001

2541 Central Ave, Dubuque, IA

Sold

MultiFamily

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.

East Central Iowa Association of REALTORS® 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.

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