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716 N Dubuque St, Iowa City, IA 52245

Local realty services provided by:CENTURY 21 Signature Real Estate
716 N Dubuque St,Iowa City, IA 52245
$2,300,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: tyler riddle, sarah miller
Office: lepic-kroeger, realtors
MLS#:202500734
Source:IA_ICAAR

Price summary

  • Price:$2,300,000

About this home

Rare investment opportunity - 21 room boarding house currently leased to a fraternity, leased through the grand chapter. Tenant is responsible for all maintenance, except for boiler and roof. Boiler was replaced December 2024. Owner is responsible for up to $1,100 in utility expense, unless fully occupied - Currently at full occupancy. There are 6 years left on the 10-year Lease Agreement. Tenants must decide by year-7 if they want to renew for another 5 years at an increased rent rate of $16,500. Considerable notice to show and pre-approval / proof of funds required for showings. Updates completed in 2016: Brava 50-year roof tile installed, new windows, new sprinkler system, new doors and trim.

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Home facts

  • Year built:1925
  • Listing ID #:202500734
  • Added:327 day(s) ago
  • Updated:December 17, 2025 at 07:44 PM

Structure and exterior

  • Year built:1925

Schools

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

Utilities

  • Water:City Water
  • Sewer:City Sewer

Finances and disclosures

  • Price:$2,300,000
  • Tax amount:$18,880

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