Contact us: 563.441.1776
Description
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.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 4
Bathrooms: 4
County: Johnson
High School: City
Subdivision: Iowa City (Original Town)
Listed By:
RE/MAX Concepts
CLAY CLAUSSEN
319-395-0101
ICAAR MLS
MLS ID: 202605179
Units
Unit 1:
Bedrooms: 1
Baths Full: 1
Rent: $400.00
Unit 2:
Bedrooms: 1
Baths Full: 1
Rent: $400.00
Unit 3:
Bedrooms: 1
Baths Full: 1
Rent: $600.00
Unit 4:
Bedrooms: 1
Baths Full: 1
Rent: $725.00
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Contact an agent to learn more about
20 S Lucas St, Iowa City, IA 52240.
Mortgage Calculator
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $675,000 | $675,000 | $675,000 |
| Down Payment | $135,000 | $23,625 | $168,750 |
| Monthly Mortgage Amount | $3,369 | $4,135 | $4,204 |
| Taxes | $939 | $939 | $939 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $297 | $0 |
| Monthly Estimated Total | $4,505 | $5,568 | $5,340 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/27/2026. The listing information on this page last changed on 08/27/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 08/27/2026 12:27:24 AM EST) or MRED MLS (last updated Thu 08/27/2026 12:19:05 AM EST) or SCWMLS (last updated Wed 08/26/2026 11:55:45 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Wed 08/26/2026 10:15:51 PM EST) or Cedar Rapids MLS (last updated Wed 08/26/2026 10:44:17 PM EST) or NEIRBR MLS (last updated Thu 08/27/2026 12:18:44 AM EST) or ICAAR MLS (last updated Wed 08/26/2026 11:37:42 PM EST) or ECIMLS (last updated Wed 08/26/2026 11:44:36 PM EST) or RMLSA (last updated Thu 08/27/2026 12:20:59 AM EST) or Muscatine MLS (last updated Thu 08/27/2026 12:15:11 AM EST) or No Coast MLS (last updated Thu 08/27/2026 12:24:25 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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