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MLS # 725841 - 3101 Cottage Grove Avenue, Des Moines, IA 50311

$275,000

  • MLS# 725841
  • Bedrooms 4
  • Bathrooms 7
  • Total Sq.ft 3,067
  • Property Type Multi-Family
  • Style ThreeStory
  • Basement Unfinished
  • Year Built 1910

Property Description

Steps from Drake University and surrounded by ongoing neighborhood revitalization, 3101 Cottage Grove is primed for transformation. Currently a 7 unit building, it shines brightest as a candidate for conversion back to a stately single family home. The property sits within an InvestDSM program area making it eligible for grants, reimbursements, and low interest rehab loans plus NFC Advantage Lending benefits that can offset renovation costs. Historic homes nearby have already seen significant value growth, fueled by preservation efforts and new local businesses. City code upgrades for electrical and HVAC are required for continued multifamily use, but those same improvements can anchor a top tier single family redesign. Bring your vision and capture this rare location plus funding opportunity. Property sold as is; buyer to verify all incentives and requirements.

Legal: LOT 20 LYONS PARK PLAT NO 2
Active

Property Information

  • 725841
  • $275,000
  • 3101 Cottage Grove Avenue
  • Des Moines West
  • Des Moines
  • Polk
  • IA
  • Sale
  • MultiFamily
  • ThreeStory
  • Unfinished
  • 3067
  • Corner of 31st and Cottage Grove - take 235 to the 31st Street Exit.
  • 9
  • 1910
  • 7
  • 4
  • 50311

LISTED BY

LPT Realty, LLC, Sarah Kavalier (515.202.6801) & LPT Realty, LLC, Teri Lamberti (515.238.9549)

Property Location

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Request Info For MLS #725841

The Slavin & Partners Team @ RE/MAX Precision - Licensed In Iowa Each Office Independently Owned And Operated.

The Slavin & Partners Team @ RE/MAX Precision

Licensed In Iowa Each Office Independently Owned And Operated.

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