$546,000
$239K PRICE DROP

3103 Grand Ave Des Moines, IA 50312

North of Grand Neighborhood

Estimated payment $3,810/month

Total Views 7,554
-- Bed
-- Bath
4,787 Sq Ft
$114 Price per Sq Ft

Highlights

  • 0.53 Acre Lot
  • 2 Car Detached Garage
  • Heating System Uses Steam
  • Wood Flooring
  • Window Unit Cooling System

About This Home

Great investment opportunity, located on historic Grand Ave. Prime as a income property or redevelopment opportunity in the booming Ingersoll Corridor area. Across the street from Des Moines University.

Listing Agent

Brian K Spraggins

Hunziker & Assoc.-Ames License #S69347 Listed on: 03/31/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,300

Year Built

  • Built in 1913

Lot Details

  • 0.53 Acre Lot
  • Lot Dimensions are 38 x1 0

Parking

  • 2 Car Detached Garage

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 4,787 Sq Ft Home
  • Multi-Level Property
  • Partial Basement

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Utilities

  • Window Unit Cooling System
  • Heating System Uses Steam
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 090/02175

Community Details

Overview

  • 3 Units
  • 8 Stoves, 8 Refrigerators, 1 Washer & 1 Dryer Association

Building Details

  • Operating Expense $56,700
  • Gross Income $79,800
  • Net Operating Income $23,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,300

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.53
  • Lot Size: 38 x1 0
  • Architectural Style: Multi-Level
  • Garage Yn: Yes
  • Year Built: 1913
  • Water Heater:Electric2: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Floor:Carpet: Yes
  • Floor:Laminate: Yes
  • Floor:Tile2: Yes
  • Exterior:Brick: Yes
  • Floor:Vinyl2: Yes
  • Foundation:Brick2: Yes
  • Floor:Hardwood: Yes
  • Keywords:Architectural Style2: Multi-Level
  • Features:Cable TV: Yes
  • Annual Expenses: 56700.0
  • Income Expenses Net Income: 23100.0
  • Cooling:Window Unit(s): Yes
  • Special Features: None

Interior Features

  • Has Basement: Partial
  • Flooring: Vinyl, Tile, Laminate, Hardwood, Carpet
  • Basement:Partial2: Yes

Exterior Features

  • Construction Type: Wood, Brick
  • Foundation Details: Brick/Mortar

Garage/Parking

  • Keywords:Garage Capacity3: 2 Car
  • Keywords:Garage Type3: Detached
  • Keywords:Parking Spaces2: 11 - 20 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Steam
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Steam: Yes

Condo/Co-op/Association

  • Association Name: 8 stoves, 8 refrigerators, 1 washer & 1 dryer

Schools

  • Junior High Dist: Des Moines

Lot Info

  • Lot Size Sq Ft: 23225.0
  • Parcel #: 090/02175
  • Zoning: NX3

Rental Info

  • Who Pays Trash: Landlord
  • Who Pays Water: Landlord

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 79800.0
  • Property Net Operating Income: 23100.0
  • Annual Operating Expense: 56700.0

Tax Info

  • Tax Annual Amount: 10300.0

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

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 $10,584 $538,000 $86,000 $452,000
2023 $10,300 $538,000 $86,000 $452,000
2022 $12,038 $437,000 $71,900 $365,100
2021 $10,690 $437,000 $71,900 $365,100
2020 $12,008 $358,000 $65,400 $292,600
2019 $10,518 $358,000 $65,400 $292,600
2018 $11,186 $297,000 $65,400 $231,600
2017 $10,502 $297,000 $65,400 $231,600
2016 $10,950 $268,000 $54,500 $213,500
2015 $10,950 $268,000 $54,500 $213,500
2014 -- $238,000 $54,500 $183,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 Price Changed $546,000 +10.1% $114 / Sq Ft
05/19/2025 05/19/25 Price Changed $496,000 -16.6% $104 / Sq Ft
04/23/2025 04/23/25 Price Changed $595,000 -24.2% $124 / Sq Ft
03/31/2025 03/31/25 For Sale $785,000 0.0% $164 / Sq Ft
02/18/2025 02/18/25 For Sale $785,000 -- $164 / Sq Ft
02/17/2025 02/17/25 Pending -- -- --
Source: Central Iowa Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,440,000 None Listed On Document
Warranty Deed $1,380,000 Critelli Law Firm Pc
Warranty Deed $1,200,000 None Available
Warranty Deed $199,500 None Available
Legal Action Court Order -- None Available
Quit Claim Deed -- None Available
Contract Of Sale $85,700 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,042,899 New Conventional
Open $7,446,000 New Conventional
Previous Owner $1,378,320 New Conventional
Previous Owner $105,006 Commercial
Previous Owner $82,500 Commercial
Source: Public Records

Source: Central Iowa Board of REALTORS®

MLS Number: 66568

APN: 090-02175002000

Iowa Polk County Des Moines 50312 North of Grand

3103 Grand Ave, Des Moines, IA

This home is located at 3103 Grand Ave, Des Moines, IA 50312 and is currently priced at $546,000, approximately $114 per square foot. This property was built in 1913. 3103 Grand Ave is a home located in Polk County with nearby schools including Greenwood Elementary School, Callanan Middle School, and Roosevelt High School.

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Brian K Spraggins
Listing Agent
Brian K Spraggins
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Hunziker & Assoc.-Ames
(515) 679-7610