Investor Alert! Fully rented mixed use brick income property with one commercial space and four residential apartments. This is a well maintained and updated property that any investor should be proud to own. Commercial space address is 1735 Central Ave. Apartments are (3) 1 Bedroom, (1) 2 Bedroom and addresses are 1736 Heeb St #1 and #2 and 1738 Heeb St. #1 and #2. There are 5 electrical services, 5 water meters, and 2 gas meters. Commercial tenant pays $950 month rent and all utilities and has gas forced air furnace and central air. Apartment rents are $850, $675, $800, $800 and tenants pay own electrical, water, sewer, and garbage. Owner pays residential units gas and heat which is served by a hot water boiler. There are washer and dryer hookups in the apartments, tall ceilings on all floors, and a full basement. New roof installed 2026. Free on street parking behind the building on Heeb St and on street metered parking in front.

MLS Number: 152979

Listing Date: 2025-09-11

Parcel Number: 1024252025

Annual Gross Tax Amount: 2668

Operating Expense: $8,022.00

Net Operating Income: $40,878.00

Insurance Expense: $3,054.00

Utilities Expense: 2300

Year Built: 1888

Lot Size Dimensions: 1900 SF

Subdivision Name: S 38' of Lot 5 of city lot 675

Listing Date: 2025-09-11

Parcel Number: 1024252025

Annual Gross Tax Amount: 2668

Estimated Square Footage (Finished Upper): 1,748 sqft

Estimated Square Footage (Finished Main): 1,748 sqft

Estimated Square Footage (Finished Lower): 1,748 sqft

Owner Pays
  • Gas
Tenant Pays
  • Water
  • Electricity
  • Trash
Appliances Included
  • Refrigerator
  • Range
  • Dishwasher
Basement Features
  • Full
Cooling System
  • Central Air
  • Window Unit(s)
Heating System
  • Forced Air
  • Hot Water

Fuel Type: Gas

Elementary School: Prescott

Middle or Junior School: Washington Jr High

High School: Dubuque Senior

Garage / Parking Features: On Street

Roof
  • Rubber