Sold for $90,900

$90,900

731 Michigan St, Storm Lake, IA 50588

5beds

1,770sqft

Multi Family

Built in 1900

-- sqft lot

$92,900 Zestimate^®

$51/sqft

$898 Estimated rent

Home value

$92,900

Estimated sales range

Not available

$898/mo

Zestimate^® history

Owner options

List your home for rent

$898/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

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$898/mo

Rent Zestimate^®

Refinance and save

$478/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

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$478/mo

Est. payment

Explore your selling options

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What's special

Newer siding

Don’t miss this great opportunity to own a value-add duplex in Storm Lake! This older property has already seen several key exterior updates, including newer siding, windows, and roof—offering peace of mind and long-term durability. One unit is currently leased, providing immediate rental income, while the other is vacant and ready for updates. It’s a perfect setup for an investor or owner-occupant looking to build equity while collecting rent from day one. Whether you’re expanding your portfolio or getting started with your first investment property, this duplex offers solid potential in a convenient location. Schedule your showing today and envision the possibilities at 731 Michigan Street!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 1
3/4 bathrooms: 1

Heating

Forced Air

Cooling

None

Interior area

Total structure area: 1,770
Total interior livable area: 1,770 sqft
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Detached, Concrete
Garage spaces: 2

Lot

Size: 5,227 Square Feet

Details

Parcel number: 190211403133001
Zoning: res
Zoning description: res

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: City

Community & HOA

Location

Region: Storm Lake

Financial & listing details

Price per square foot: $51/sqft
Tax assessed value: $95,690
Annual tax amount: $1,827
Price range: $90.9K - $90.9K
Date on market: 5/29/2025
Tenant pays: Electricity, Gas

Price history

Date	Event	Price
6/27/2025	Sold	$90,900+1.1%$51/sqft
Source: Northwest Iowa Regional BOR #828887 Report a problem
5/30/2025	Pending sale	$89,900$51/sqft
Source: Northwest Iowa Regional BOR #828887 Report a problem
5/29/2025	Listed for sale	$89,900$51/sqft
Source: Northwest Iowa Regional BOR #828887 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$1,826 +12.3%	$95,690
2023	$1,626 +3%	$95,690 +31.4%
2022	$1,578 +7.6%	$72,850
2021	$1,466 +1.8%	$72,850 +13%
2020	$1,440 +37.3%	$64,490
2019	$1,049 +0.1%	$64,490 +33.7%
2018	$1,048	$48,240
2017	$1,048 +1.9%	$48,240 +2.6%
2016	$1,028	$47,000 +4%
2015	$1,028 +6%	$45,190
2014	$970 +5.4%	$45,190
2013	$920 +4.1%	--
2012	$884	$45,190