Can't Miss Super Cash Flow Investment Property! The main level has a fully functioning restaurant (Great Food, 1,600/month), and the sprawling upper level has a 3 bdrm/1 ba apartment (1,800/month) that is entirely updated! This property is IDEAL due to the market rate rents($3,400/month or $40,800 annually) and low property taxes ($1,785). The Parking is approx. 12-15 spots plus additional on-street parking. There are 2 sets of stairs accessing the upper with one set in back, and a private door to a second set. You won't believe how nice the apartment is upstairs, and how large the kitchen set-up in the Cafe is; this is the PERFECT sit back and watch the ROI grow!!
Sold for $260,000
$260,000
1802 Iowa Ave, Superior, WI 54880
3beds
3baths
2,400sqft
Condominium
Built in 1884
-- sqft lot
$265,900 Zestimate®
$108/sqft
$2,641 Estimated rent
Home value
$265,900
$194,000 - $362,000
$2,641/mo
Zestimate® history
Owner options
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$2,641/mo
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$2,641/mo
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$1,715/mo
Est. payment
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$1,715/mo
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List your homeWhat's special
Sprawling upper levelFully functioning restaurant
Zillow last checked:
Listing updated:
Listed by:
Joe Hermanson 218-590-8192,
RE/MAX Results
Bought with:
Joe Hermanson, MN 40482241|WI 78920-94
RE/MAX Results
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6121288
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Boiler
Features
- Basement: Full
Interior area
- Total interior livable area: 2,400 sqft
- Finished area above ground: 2,400
- Finished area below ground: 0
Property
Parking
- Parking features: None
Lot
- Size: 3,049 Square Feet
- Dimensions: 25 x 125
Details
- Parcel number: 098090072700
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Vinyl, Frame/Wood
- Foundation: Concrete Perimeter
- Roof: Rubber
Condition
- Year built: 1884
Utilities & green energy
- Electric: SWL&P
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Superior
Financial & listing details
- Price per square foot: $108/sqft
- Tax assessed value: $132,900
- Annual tax amount: $1,785
- Date on market: 8/13/2025
- Cumulative days on market: 29 days
- Tenant pays: Electricity, Water, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 10/24/2025 | Sold | $260,000-13.3%$108/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6121288 Report a problem | ||
| 9/24/2025 | Pending sale | $300,000$125/sqft |
Source:  WIREX MLS #6121288 Report a problem | ||
| 9/12/2025 | Contingent | $300,000$125/sqft |
Source: WIREX MLS #6121288 Report a problem | ||
| 8/13/2025 | Listed for sale | $300,000+100%$125/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6121288 Report a problem | ||
| 4/26/2013 | Sold | $150,000+0.5%$63/sqft |
Source: Public Record Report a problem | ||
| 2/25/2011 | Sold | $149,244-45.7%$62/sqft |
Source: Public Record Report a problem | ||
| 2/24/2011 | Listed for sale | $274,900+52.8%$115/sqft |
Source: Visual Tour #150999 Report a problem | ||
| 11/5/2010 | Listing removed | $179,900$75/sqft |
Source: Duluth Realty Co. #150999 Report a problem | ||
| 10/6/2010 | Listed for sale | $179,900$75/sqft |
Source: Duluth Realty Co. #150999 Report a problem | ||
| 7/24/2010 | Listing removed | $179,900$75/sqft |
Source: Duluth Realty Co. #150999 Report a problem | ||
| 7/18/2010 | Price change | $179,900-34.6%$75/sqft |
Source: Duluth Realty Co. #150999 Report a problem | ||
| 2/13/2010 | Listed for sale | $274,900+69.2%$115/sqft |
Source: Duluth Realty Co. #150999 Report a problem | ||
| 11/11/2008 | Sold | $162,500+25%$68/sqft |
Source: Public Record Report a problem | ||
| 10/1/2008 | Sold | $130,000$54/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,825 +2.2% | $124,500 |
| 2024 | $1,785 -16.8% | $124,500 +19.7% |
| 2023 | $2,146 -1.1% | $104,000 |
| 2022 | $2,169 -5.1% | $104,000 |
| 2021 | $2,287 -9.3% | $104,000 |
| 2020 | $2,522 +17% | $104,000 |
| 2019 | $2,155 +0.3% | $104,000 |
| 2018 | $2,148 -3.6% | $104,000 |
| 2017 | $2,229 +96.5% | $104,000 |
| 2016 | $1,135 | $104,000 +7.1% |
| 2015 | -- | $97,100 -6.6% |
| 2014 | $4,273 | $104,000 -2.4% |
| 2008 | -- | $106,600 |
| 2007 | $2,249 +2.3% | $106,600 |
| 2006 | $2,198 +0.3% | $106,600 |
| 2005 | $2,192 | $106,600 |
Find assessor info on the county website
Neighborhood: 54880
Nearby homes
- $185,7002 bd1 ba924 sqft1728 Iowa Ave, Superior, WI 54880Off Market
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Nearby schools
GreatSchools rating
- 7/10Cooper Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 3/10Superior Middle SchoolGrades: 6-8Distance: 2.1 mi
- 7/10Superior High SchoolGrades: 9-12Distance: 2.2 mi
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Estimated market value
$265,900
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Estimated market value
$265,900
- Wisconsin
- Douglas County
- Superior
- 54880
- 1802 Iowa Ave
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