$8,800,000

307 S Linn St Unit 60 units Iowa City, IA 52240

Estimated payment $55,272/month

Total Views 6,703
6 Beds
4 Baths
17,280 Sq Ft
$509 Price per Sq Ft

Highlights

  • Brick or Stone Mason
  • Living Room
  • Dining Room
  • City High School Rated A-
  • Property is near shops
  • 3-minute walk to Downtown Playground

About This Home

60 Multifamily units for sale with 2 - 2,500sqft commercial space and 36 paid underground parking spaces in the heart of Downtown Iowa City. There are 2 towers that have 30 units each in total there are 54 - 2 bedroom, 1bath units - And 6 - 1 bedroom, 1 bath units. This unique property has 6 different floor plans. Top floor units have vaulted ceilings with some units that have a spiral staircase that leads to a bedroom/loft area. New Roof in 2021. Many units have updated LVP flooring and appliances. Onsite Laundry rooms - the 3rd floor has 2 laundry rooms and the 2nd and 1st have 1 laundry room. 24 hour notice to show - Contact agent Property being sold as is Contact agent for Rent Roll and P&L for more details

Listing Agent

Mitch Price

Urban Acres Real Estate Listed on: 06/17/2025

Urban Acres Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1993

Parking

  • 4 Parking Spaces

Home Design

  • Brick or Stone Mason
  • Frame Construction

Interior Spaces

  • 17,280 Sq Ft Home
  • Elevator
  • Living Room
  • Dining Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Schools

  • Longfellow Elementary School
  • Southeast Middle School

Utilities

  • Baseboard Heating
  • Internet Available

Additional Features

  • Lot Dimensions are 150x160
  • Property is near shops

Listing and Financial Details

  • Assessor Parcel Number 1010383004

Community Details

Overview

  • 60 Units

Building Details

  • Security
  • Electric Expense $19,140
  • Insurance Expense $49,236
  • Maintenance Expense $22,485
  • Water Sewer Expense $18,481
  • Gross Income $633,295

Property Details

Home Type

Multi-Family

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: 60 Multifamily units for sale with 2 - 2,500sqft commercial space and 36 paid underground parking spaces in the heart of Downtown Iowa City. There are 2 towers that have 30 units each in total there are 54 - 2 bedroom, 1bath units - And 6 - 1 bedroom, 1 bath units. This unique property has 6 different floor plans. Top floor units have vaulted ceilings with some units that have a spiral staircase that leads to a bedroom/loft area. New Roof in 2021. Many units have updated LVP flooring and appliances. Onsite Laundry rooms - the 3rd floor has 2 laundry rooms and the 2nd and 1st have 1 laundry room. 24 hour notice to show - Contact agent Property being sold as is Contact agent for Rent Roll and P&L for more details
  • Year Built: 1993
  • Tax Year Report: 2024
  • Subdivision: unk
  • Rental Permit: Yes
  • Water Annually: 18481
  • Directions: Burlington Street, South on Linn Street. Property on the Right
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • Amenities: Security, Sidewalks, Close to Shopping
  • Basement Remarks: See Remarks
  • Possession R: Negotiable
  • Possible Finance R: 1031 Exchange, Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Dryer, Microwave, Washer
  • Elevators: Yes
  • Sq Ft Above: 17280
  • Lower Level Sq Ft: 5000

Exterior Features

  • Construction: Brick, Frame

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Electric Annually: 19140
  • Heating Cooling: Baseboard

Condo/Co-op/Association

  • Fees Include: None

Schools

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

Lot Info

  • Lot Dimensions: 150x160
  • Zoning: RFC-SD

Tax Info

  • Gross Tax County City: 138542
  • Assessor Parcel Number: 1010383004

Multi Family

  • Units Total: 60

Map

Range of Values:

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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
06/17/2025 06/17/25 For Sale $8,800,000 -- $509 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Source: Iowa City Area Association of REALTORS®

MLS Number: 202504006

Iowa City Area Association of REALTORS®
Iowa Johnson County Iowa City 52240

307 S Linn St Unit 60 units, Iowa City, IA

This home is located at 307 S Linn St Unit 60 units, Iowa City, IA 52240 and is currently priced at $8,800,000, approximately $509 per square foot. This property was built in 1993. 307 S Linn St Unit 60 units is a home located in Johnson County with nearby schools including Longfellow 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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Listing Agent
Mitch Price
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Urban Acres Real Estate
(319) 246-8960