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20 S Lucas St, Iowa City, IA 52240

Iowa City
Local realty services provided by:CENTURY 21 Signature Real Estate
20 S Lucas St,Iowa City, IA 52240
$675,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: clay claussen
Office: re/max concepts
MLS#:202605179
Source:IA_ICAAR

Price summary

  • Price:$675,000

About this home

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: 48 hour notice for showings: Buyer(s) to agree to 1031 tax-free exchange. Can 1031 bundle with 323 N Lucas St.

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Home facts

  • Year built:1900
  • Subdivision & Development:Iowa City (Original Town)
  • Listing ID #:202605179
  • Added:1 day(s) ago
  • Updated:August 26, 2026 at 03:51 AM

Structure and exterior

  • Year built:1900
  • Construction Materials:Frame

Schools

  • High school:City
  • Middle school:Southeast
  • Elementary school:Longfellow

Utilities

  • Water:City Water
  • Sewer:City Sewer

Finances and disclosures

  • Price:$675,000
  • Tax amount:$10,570

Parking

  • Total parking spaces:4

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