$3,000,000
$2M PRICE DROP

302 E Bloomington St Iowa City, IA 52245

Estimated payment $19,136/month

Total Views 39,902
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • The community has rules related to allowing live work
  • Brick or Stone Mason
  • Central Air
  • City High School Rated A-
  • Property is near shops
  • Heating System Uses Steam

About This Home

Wonderful opportunity to own an iconic incomer/business property in NEAR NORTHSIDE Neighborhood of Iowa CIty. 2 long time commercial tenants, and 16 apartments. Always fully rented. Downtown location. PIZZA and LAUNDROMAT are Tenants and are NOT CLOSING!!! ** This property has recently been added to the Iowa CIty Historical list. A 'Historical Overlay' is now in place. This affords several avenues for TAX CREDITS and RE-HAB FUNDING in the event a new owner were to pursue.

Listing Agent

Rex Brandstatter

RE/MAX Affiliates Listed on: 09/21/2023

RE/MAX Affiliates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $37,822

Year Built

  • Built in 1878

Parking

  • 1 Parking Space

Home Design

  • Brick or Stone Mason
  • Frame Construction

Unfinished Basement

  • Partial Basement
  • Stone or Rock in Basement

Schools

  • Mann Elementary School
  • Southeast Middle School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Heating System Uses Steam
  • Internet Available

Additional Features

  • Oven or Range
  • Stepless Entry
  • Lot Dimensions are 130 x 150
  • Property is near shops

Listing and Financial Details

  • Assessor Parcel Number 1010284006

Community Details

Overview

  • 16 Units
  • Iowa City Original Town Subdivision
  • The community has rules related to allowing live work

Building Details

  • Insurance Expense $17,500
  • Gross Income $193,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$37,822

Year Built

Built in 1878

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: Wonderful opportunity to own an iconic incomer/business property in NEAR NORTHSIDE Neighborhood of Iowa CIty. 2 long time commercial tenants, and 16 apartments. Always fully rented. Downtown location. PIZZA and LAUNDROMAT are Tenants and are NOT CLOSING!!! ** This property has recently been added to the Iowa CIty Historical list. A 'Historical Overlay' is now in place. This affords several avenues for TAX CREDITS and RE-HAB FUNDING in the event a new owner were to pursue.
  • Year Built: 1878
  • Zero Step Entry: Yes
  • Tax Year Report: 2024
  • Subdivision: Iowa City Original Town
  • Rental Permit: Yes
  • Directions: NE corner of N. Linn and E. Bloomington Streets.
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • Amenities: Sidewalks, Close to Shopping, Live/Work
  • Basement Remarks: Stone, Partial, Unfinished
  • Possession R: At Closing
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator

Exterior Features

  • Construction: Brick, Frame, Masonry

Garage/Parking

  • Parking Spaces: 1 Car

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Electric, Gas, Central, Steam/Hotwater

Condo/Co-op/Association

  • Fees Include: None

Schools

  • Elementary School: Mann
  • Middle School: Southeast
  • High School: City
  • High School: City
  • Jr Middle School: Southeast
  • Elementary School: Mann

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 130 x 150
  • Zoning: CB-2

Tax Info

  • Gross Tax County City: 37822
  • Assessor Parcel Number: 1010284006

Multi Family

  • Units Total: 16

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
2024 $37,822 $1,530,570 $487,500 $1,043,070
2023 $34,768 $1,530,570 $487,500 $1,043,070
2022 $38,454 $1,309,560 $487,500 $822,060
2021 $39,614 $1,309,560 $487,500 $822,060
2020 $39,614 $1,309,560 $487,500 $822,060
2019 $38,276 $775,222 $487,500 $287,722
2018 $38,276 $692,127 $429,000 $263,127
2017 $39,914 $692,127 $429,000 $263,127
2016 $37,744 $614,870 $370,500 $244,370
2015 $37,744 $614,870 $370,500 $244,370
2014 $33,970 $930,230 $292,500 $637,730
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2025 04/10/25 Price Changed $3,000,000 -40.0% --
09/21/2023 09/21/23 For Sale $5,000,000 -- --
Source: Iowa City Area Association of REALTORS®

Source: Iowa City Area Association of REALTORS®

MLS Number: 202304995

Iowa City Area Association of REALTORS®

APN: 1010284006

Iowa Johnson County Iowa City 52245

302 E Bloomington St, Iowa City, IA

This home is located at 302 E Bloomington St, Iowa City, IA 52245 and is currently priced at $3,000,000. This property was built in 1878. 302 E Bloomington St is a home located in Johnson County with nearby schools including Horace Mann Elementary School, Southeast Junior High School, and City High School.

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.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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Rex Brandstatter
Listing Agent
Rex Brandstatter
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RE/MAX Affiliates
(319) 284-6582