$189,000

Estimated payment $1,320/month

Total Views 623
-- Bed
-- Bath
4,737 Sq Ft
$40 Price per Sq Ft

Highlights

  • Popular Property
  • No HOA
  • 5-minute walk to Chamberlain Park
  • Wood Flooring

About This Home

Great investor opportunity! This historic Sherman Hill property was built as a 3-plex in the early1900s. Each floor had a 1,400 sf, two bedroom apartment with a formal dining room, large living room and sunroom. Some original tile and hardwood flooring remain in the building and could be restored. The original fire boxes and chimney remain in the building. The main building has a newer commercial TPO roof, installed by the previous owner, and the interior of the building is mostly demolished, ready for restoration. The back addition has some fire damage and needs repair. Seller can complete repairs prior to close, if requested. The property is eligible for state historic tax credits up to 45%. Contact your realtor to ask about historic tax credit details. The property will also qualify for 10 year tax abatement on all improvements. Floorplan drawings for3 bedroom layout available upon request. This building has tons of potential and is in a great location. Convenient to downtown, parks, Ingersoll, Gateway, restaurants, breweries, and Hoyt Sherman Place. Contact a realtor and set a time to stop by and check this opportunity out!

Listing Agent

York Taenzer

Iowa Realty Mills Crossing Listed on: 12/01/2025

Iowa Realty Mills Crossing

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,950

Year Built

  • Built in 1914

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 60x125

Parking

  • Driveway

Home Design

  • Brick Foundation
  • Rubber Roof
  • Stucco

Interior Spaces

  • 4,737 Sq Ft Home
  • 3-Story Property
  • Wood Flooring

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 03000436000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,950

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Three Story
  • Lp Amt Sq Ft: 39.90
  • Termite: Follow Showing Instructions
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Amenities: Hardwood Floors
  • Basement Description: Partial Finished
  • Living Area Sq Ft: 4737
  • Total Sq Ft: 4737

Exterior Features

  • Exterior: Stucco
  • Foundation: Brick
  • Roof: Rubber
  • Street Feature: Concrete
  • Trim: Paint

Garage/Parking

  • Driveway: Concrete

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: Gas

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.1720
  • Lot S F: 7500
  • Lot Shape: Regular
  • Lot Size: 60X125
  • Assessor Parcel Number: 03000436000000
  • Zoning: R-HD

Tax Info

  • Gross Taxes: 3950.00
  • Net Taxes: 3950.00
  • Tax Year: 2025

MLS Schools

  • School District: Des Moines Independent

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft Prior Sale
12/01/2025 12/01/25 For Sale $189,000 +5.0% $40 / Sq Ft
10/23/2023 10/23/23 Pending -- -- --
10/20/2023 10/20/23 Sold $180,000 -10.0% $38 / Sq Ft View Prior Sale
09/08/2023 09/08/23 For Sale $200,000 -29.8% $42 / Sq Ft
11/23/2022 11/23/22 Sold $285,000 0.0% $60 / Sq Ft View Prior Sale
11/02/2022 11/02/22 Pending -- -- --
09/30/2022 09/30/22 Off Market $285,000 -- --
06/10/2022 06/10/22 For Sale $285,000 0.0% $60 / Sq Ft
06/01/2022 06/01/22 Off Market $285,000 -- --
02/16/2022 02/16/22 Price Changed $285,000 -3.4% $60 / Sq Ft
01/05/2022 01/05/22 For Sale $295,000 +3.5% $62 / Sq Ft
12/31/2021 12/31/21 Off Market $285,000 -- --
10/13/2021 10/13/21 For Sale $295,000 +3.5% $62 / Sq Ft
09/01/2020 09/01/20 Sold $285,000 0.0% $60 / Sq Ft View Prior Sale
07/14/2020 07/14/20 Pending -- -- --
05/25/2020 05/25/20 For Sale $285,000 +9.6% $60 / Sq Ft
05/10/2019 05/10/19 Sold $260,000 -50.9% $55 / Sq Ft View Prior Sale
05/08/2019 05/08/19 Pending -- -- --
05/18/2018 05/18/18 For Sale $530,000 -- $112 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Source: Des Moines Area Association of REALTORS®

MLS Number: 731168

Des Moines Area Association of REALTORS®