515 7th Ave S, Clinton, IA 52732

INVESTMENT / REHAB OPPORTUNITY – 4-UNIT PROPERTY – $50,000 515 7th Avenue South, Clinton, IA 52732 Asking Price: $50,000 Investor / contractor opportunity in Clinton, Iowa. This is a four-unit multifamily property with two units on the first floor and two units on the second floor. The engineering report identifies approximately 2,742 sq. ft. of living area, a stone foundation, asphalt-shingle roof, and original construction dating to 1889. Located near the Mississippi River and local parks, adding to the property’s appeal for future tenants and residents. The property is being sold AS-IS and requires substantial rehabilitation. A professional structural engineering inspection was completed in January 2026. The engineer characterized the overall condition as fair-poor, but noted that the foundation stones appeared intact and that the house appeared relatively plumb and level. The report also states that much of the observed damage appears cosmetic, while repairs to mortar/foundation areas, drainage, exterior components, interior finishes and potentially the roof are expected. The property currently contains significant debris and requires cleanout and renovation. The engineering report recommends removing debris to permit further evaluation, repairing/repointing foundation masonry where needed, correcting drainage issues, repairing deteriorated siding/porches/windows, repairing interior finishes and addressing roof areas affected by water intrusion. The property has four kitchens — one for each unit. Gas service was configured for four separate services, although the engineer reported that they were not currently connected at the time of inspection. Important: The property was posted by the City of Clinton as condemned / occupancy prohibited at the time of the January 2026 inspection. Buyer should independently verify all current requirements, permits, code violations and steps required by the City of Clinton before occupancy. $50,000 – Cash / investor offers preferred. Serious inquiries only. Full professional engineering report and complete 153-photo condition report available upon request. The photo report documents the property condition as of January 8, 2026.