Income opportunity! Nicely updated with refinished hardwood floors, updated bathrooms, fresh paint and lighting. Two-two bedroom units each with a newly finished bathroom. Bright and sunny, across the street from a park and there's a one-stall garage plus off street parking. Shared laundry in the basement with room for storage. Similar units in the area rent for $800-$1,050 per unit. Vacant and ready to show.
Sold for $137,000
$137,000
1559 Park Ave SE, Cedar Rapids, IA 52403
--beds
--baths
2,214sqft
Multi Family
Built in 1915
-- sqft lot
$150,900 Zestimate®
$62/sqft
$894 Estimated rent
Home value
$150,900
$139,000 - $164,000
$894/mo
Zestimate® history
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$981/mo
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List your homeWhat's special
Shared laundryNewly finished bathroomUpdated bathroomsFresh paint
Zillow last checked:
Listing updated:
Listed by:
Beth Mackey 319-491-6388,
Realty87
Bought with:
Rachael Ray
SKOGMAN REALTY
Source: CRAAR, CDRMLS,MLS#: 2307795
Originating MLS: Cedar Rapids Area Association Of Realtors
Originating MLS: Cedar Rapids Area Association Of RealtorsFacts & features
Interior
Heating
- Gas
Features
- Basement: Full
Interior area
- Total interior livable area: 2,214 sqft
Property
Parking
- Total spaces: 1
Lot
- Size: 2,100 Square Feet
- Dimensions: 30 x 70
Details
- Parcel number: 142228100100000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Frame, Masonry
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Cedar Rapids
Financial & listing details
- Price per square foot: $62/sqft
- Tax assessed value: $140,100
- Annual tax amount: $1,679
- Date on market: 12/2/2023
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 4/11/2024 | Sold | $137,000-5.5%$62/sqft |
Source:  CRAAR, CDRMLS #2307795 Report a problem | ||
| 2/10/2024 | Pending sale | $145,000$65/sqft |
Source: CRAAR, CDRMLS #2307795 Report a problem | ||
| 2/6/2024 | Price change | $145,000-3.3%$65/sqft |
Source: CRAAR, CDRMLS #2307795 Report a problem | ||
| 1/7/2024 | Price change | $150,000-6.3%$68/sqft |
Source: CRAAR, CDRMLS #2307795 Report a problem | ||
| 12/26/2023 | Price change | $160,000-5.9%$72/sqft |
Source: CRAAR, CDRMLS #2307795 Report a problem | ||
| 12/18/2023 | Price change | $170,000-5.6%$77/sqft |
Source: CRAAR, CDRMLS #2307795 Report a problem | ||
| 12/8/2023 | Listed for sale | $180,000+140%$81/sqft |
Source: CRAAR, CDRMLS #2307795 Report a problem | ||
| 7/28/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/29/2021 | Pending sale | $75,000$34/sqft |
Source: Owner Report a problem | ||
| 4/13/2021 | Listed for sale | $75,000$34/sqft |
Source: Owner Report a problem | ||
| 3/15/2021 | Pending sale | $75,000$34/sqft |
Source: Owner Report a problem | ||
| 2/26/2021 | Listed for sale | $75,000+257.1%$34/sqft |
Source: Owner Report a problem | ||
| 4/21/2020 | Sold | $21,000-65.6%$9/sqft |
Source: Public Record Report a problem | ||
| 2/6/2020 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
| 2/13/2019 | Listing removed | $61,000$28/sqft |
Source: Pinnacle Realty LLC #1808195 Report a problem | ||
| 1/7/2019 | Price change | $61,000-9%$28/sqft |
Source: Pinnacle Realty LLC #1808195 Report a problem | ||
| 12/3/2018 | Price change | $67,000+3.2%$30/sqft |
Source: Pinnacle Realty LLC #1808195 Report a problem | ||
| 11/10/2018 | Price change | $64,900-5.3%$29/sqft |
Source: Owner Report a problem | ||
| 11/5/2018 | Price change | $68,500-4.9%$31/sqft |
Source: Owner Report a problem | ||
| 10/18/2018 | Listed for sale | $72,000+13.4%$33/sqft |
Source: Owner Report a problem | ||
| 2/26/2013 | Sold | $63,500$29/sqft |
Source: CRAAR, CDRMLS #1207645 Report a problem | ||
| 1/16/2013 | Pending sale | $63,500$29/sqft |
Source: Coldwell Banker Hedges #1207645 Report a problem | ||
| 10/26/2012 | Price change | $63,500-2.3%$29/sqft |
Source: Coldwell Banker Hedges #1207645 Report a problem | ||
| 8/7/2012 | Price change | $65,000-9.1%$29/sqft |
Source: Skogman Realty #1201412 Report a problem | ||
| 5/31/2012 | Price change | $71,500-7%$32/sqft |
Source: Skogman Realty #1201412 Report a problem | ||
| 3/1/2012 | Listed for sale | $76,900-5.6%$35/sqft |
Source: Skogman Realty #1201412 Report a problem | ||
| 3/1/2006 | Sold | $81,500$37/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,912 +15% | $140,100 +32.7% |
| 2024 | $1,662 -14.8% | $105,600 +12.5% |
| 2023 | $1,950 +13.8% | $93,900 +1.5% |
| 2022 | $1,714 -3.2% | $92,500 +11.9% |
| 2021 | $1,770 +6% | $82,700 +3.1% |
| 2020 | $1,670 -0.2% | $80,200 +3.2% |
| 2019 | $1,674 | $77,700 |
| 2018 | $1,674 +2.8% | $77,700 +2.5% |
| 2017 | $1,628 -1.3% | $75,800 |
| 2016 | $1,650 +2.4% | $75,800 -3.1% |
| 2015 | $1,612 -3.1% | $78,221 |
| 2014 | $1,664 +2.2% | $78,221 |
| 2013 | $1,628 +2.1% | $78,221 -13.6% |
| 2012 | $1,594 | $90,488 |
| 2011 | -- | $90,488 |
| 2010 | $1,530 | $90,488 -2.8% |
| 2008 | -- | $93,099 0% |
| 2007 | -- | $93,100 +18.7% |
| 2005 | -- | $78,458 +16.7% |
| 2004 | -- | $67,219 +0% |
| 2003 | -- | $67,217 +12.2% |
| 2002 | -- | $59,930 +14% |
| 2001 | -- | $52,570 |
| 2000 | -- | $52,570 |
Find assessor info on the county website
Neighborhood: Wellington Heights
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Nearby schools
GreatSchools rating
- 2/10Johnson STEAM Academy SchoolGrades: K-5Distance: 0.2 mi
- 3/10McKinley STEAM AcademyGrades: 6-8Distance: 0.6 mi
- 4/10George Washington High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Johnson
- Middle: McKinley
- High: Washington
Source: CRAAR, CDRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Iowa
- Linn County
- Cedar Rapids
- 52403
- Wellington Heights
- 1559 Park Ave SE
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