3101 Cottage Grove Ave Des Moines, IA 50311
Drake NeighborhoodEstimated payment $1,718/month
Highlights
- 7 Kitchens
- Storage
- Forced Air Heating System
- No HOA
About This Home
Steps from Drake University and surrounded by ongoing neighborhood revitalization, 3101 Cottage Grove is primed for transformation. Currently a 7 unit building, it shines brightest as a candidate for conversion back to a stately single family home. The property sits within an InvestDSM program area making it eligible for grants, reimbursements, and low interest rehab loans plus NFC Advantage Lending benefits that can offset renovation costs. Historic homes nearby have already seen significant value growth, fueled by preservation efforts and new local businesses. City code upgrades for electrical and HVAC are required for continued multifamily use, but those same improvements can anchor a top tier single family redesign. Bring your vision and capture this rare location plus funding opportunity. Property sold as is; buyer to verify all incentives and requirements.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,812
Year Built
- Built in 1910
Lot Details
- 9,790 Sq Ft Lot
- Lot Dimensions are 89x110
Parking
- Gravel Driveway
Home Design
- Brick Foundation
- Asphalt Shingled Roof
Interior Spaces
- 7 Full Bathrooms
- 3,067 Sq Ft Home
- 3-Story Property
- Storage
- 7 Kitchens
- Unfinished Basement
Utilities
- No Cooling
- Forced Air Heating System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 09004636020000
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,642 | $255,000 | $29,500 | $225,500 |
| 2024 | $4,642 | $236,000 | $25,900 | $210,100 |
| 2023 | $4,526 | $236,000 | $25,900 | $210,100 |
| 2022 | $5,288 | $192,000 | $21,700 | $170,300 |
| 2021 | $4,688 | $192,000 | $21,700 | $170,300 |
| 2020 | $5,266 | $157,000 | $19,700 | $137,300 |
| 2019 | $4,604 | $157,000 | $19,700 | $137,300 |
| 2018 | $4,896 | $130,000 | $19,700 | $110,300 |
| 2017 | $4,586 | $130,000 | $19,700 | $110,300 |
| 2016 | $4,780 | $117,000 | $16,500 | $100,500 |
| 2015 | $4,780 | $117,000 | $16,500 | $100,500 |
| 2014 | $4,462 | $104,000 | $16,500 | $87,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/24/2025 11/24/25 | Pending | -- | -- | -- |
| 10/21/2025 10/21/25 | Price Changed | $250,000 | -9.1% | $82 / Sq Ft |
| 09/09/2025 09/09/25 | For Sale | $275,000 | -- | $90 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $162,500 | None Available | |
| Warranty Deed | $181,500 | None Available | |
| Contract Of Sale | $182,000 | None Available | |
| Warranty Deed | $55,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $315,200 | Commercial | |
| Closed | $315,200 | Commercial | |
| Previous Owner | $111,000 | Seller Take Back | |
| Previous Owner | $201,000 | Commercial |
Source: Des Moines Area Association of REALTORS®
MLS Number: 725841
APN: 090-04636020000
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