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Updated Duplex with Three-Car Garage
For Sale
$140,000

222 & 224 W Elm Street, Cherokee, IA 51012

Multi-Unit, Cherokee, IA

Property Size1,952 SF
Lot Size0.11 Acres
Price / SF$71.72
Days on Market379

Property Features for 222 & 224 W Elm Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning res
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Elementary school Cherokee
Middle school Cherokee
High school Washington High
Subdivision Surrounding Areas/Other Areas
Standard status Active
APN 0734204011
Size 1,952 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 26 & 27 BLK 13 NEW CHEROKEE ADD
Tax Annual Amount 462
Legal Description LOT 26 & 27 BLK 13 NEW CHEROKEE ADD

Utilities

Heating system Forced Air
Cooling system Central Air

Amenities

laundry

Building Details

Year built 1905
Number of units 2
Listing Agency: Rasmus Realty & Auction
Listed By: Joyce Rasmus · License #B43050
Added: Sep 15, 2025 Changed: Sep 23 Last Checked: Sep 28 at 3:06AM
MLS# 830193

Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,952-square-foot duplex, built in 1905, contains one residence on each of two levels. The main-floor unit includes an eat-in kitchen, full bathroom, bedroom, dining room, and living room. Upstairs, the second unit provides a kitchen, living room, bedroom, bathroom, and an additional room that can serve as a den or bedroom. A basement houses the laundry area.

Recent property improvements include a new roof, new siding, new windows, and new flooring throughout most of the building. The property also includes a three-car garage with a shop area and alley access. Forced-air heat and central air serve the building, which is situated on a 0.1102-acre lot and carries residential zoning.

Key Highlights

  • Duplex with 1,952 square feet and two residential units
  • Main‑floor unit includes eat‑in kitchen, dining room, living room, bedroom, and full bath
  • Second‑floor unit includes kitchen, living room, bedroom, bath, and possible bedroom or den

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Skin Care Clinic Building Supply HVAC Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

377
Businesses Nearby

Demographics for 51012, IA

6,592
Population
2,889
Households
2.3
Avg Household Size
46
Median Age
20%
College-Educated
93%
High-School Grad
147.7 sq mi
ZIP Area
45
Density / Sq Mi
$56,964
Median Household Income
$33,141
Median Earnings
$725
Median Rent
$127,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units offer separate kitchens, basement laundry, and flexible room layouts.
Where is this duplex located?
The property is located at 222 & 224 W Elm Street Cherokee, IA.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Duplex with 1,952 square feet and two residential units; Main‑floor unit includes eat‑in kitchen, dining room, living room, bedroom, and full bath; Second‑floor unit includes kitchen, living room, bedroom, bath, and possible bedroom or den
More about this property
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