Residential Sale
- Lucas St, Iowa City, Iowa 52240
QR Code
Description

Unique 7 unit apartment building within walking distance of downtown & campus. Each Apt features 1 bedroom, 1 full bath & kitchen. Not a boarding house! Apt D vacated & available, Apt A lease expires 12/31 & rest leased through 7/31/27. Leases range from $400 to $775/Apt currently. Coin laundry washer & dryer in LL. Lower level units feature front and back entry doors. Two separate HVAC units: one for lower level (3 apts) & one for upper two floors (4 apts). Tenants pay gas & electric, Owner covers water, sewer, trash & heat. Detached single car garage currently rented for $50/mo. Buyers to provide Pre-Approval Letter or Proof of Funds with showing requests. Tenants Rights: allow overnight plus 24 hour minimum for showings: Buyer(s) to agree to 1031 tax-free exchange. Can 1031 bundle with 323 N Lucas St.

Property Description

Unique 7 unit apartment building within walking distance of downtown & campus. Each Apt features 1 bedroom, 1 full bath & kitchen. Not a boarding house! Apt D vacated & available, Apt A lease expires 12/31 & rest leased through 7/31/27. Leases range from $400 to $775/Apt currently. Coin laundry washer & dryer in LL. Lower level units feature front and back entry doors. Two separate HVAC units: one for lower level (3 apts) & one for upper two floors (4 apts). Tenants pay gas & electric, Owner covers water, sewer, trash & heat. Detached single car garage currently rented for $50/mo. Buyers to provide Pre-Approval Letter or Proof of Funds with showing requests. Tenants Rights: allow overnight plus 24 hour minimum for showings: Buyer(s) to agree to 1031 tax-free exchange. Can 1031 bundle with 323 N Lucas St.

Basic Details
Property Type:
Residential
Listing Type:
Sale
Listing ID:
202605179
Price:
$675,000
Beds:
0
Total Baths:
1
Baths:
0
Half Bathrooms:
0
Construction Year:
1900
Country:
US
State:
IA
County:
Johnson
City:
Iowa City
Zipcode:
52240
Subdivision:
Iowa City (Original Town)
Property Sub Type:
MultiFamily
Features
Heating:
Natural Gas, Forced Air
Cooling System:
Central Air, Ceiling Fans
Parking:
On Street, Off Street, Detached Garage
Basement:
Full, Walk Out Access, Block
Exterior:
Front Porch
Construction:
Frame, Vinyl
Interior:
Kit Dining Rm Comb
Address Map
Street Number:
20
Street Dir Prefix:
S
Street:
Lucas St
Floor Number:
0
Longitude:
W92° 28' 33.4''
Latitude:
N41° 39' 37.9''
More Information
Office Name:
RE/MAX Concepts
Elementary School:
Longfellow
Jr./Middle School:
Southeast
High School:
City
Directions:
Close to downtown & campus between Dodge & Governor streets on east side of street.
Zoning:
RES
Lot Dimensions:
63x95
LA1Agent Logon Name:
I1012
LA1Agent First Name:
CLAY
LA1Agent Last Name:
CLAUSSEN
LO1Main Office ID:
IRMXCI
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
CLAY CLAUSSEN
RE/MAX Concepts
Additional Details
Central Air, Ceiling Fans
Full, Walk Out Access, Block
Front Porch
Frame, Vinyl
Kit Dining Rm Comb
08/24/2026
Close to downtown & campus between Dodge & Governor streets on east side of street.
63x95