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

222 & 224 W Elm Street, Cherokee, IA 51012

MULTI_FAMILY - Cherokee, IA

Property Size1,952 SF
Lot Size0.11 Acres
Price / SF$71.72
Days on Market320

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 1, Bathroom 1, Bathroom 2, Bedroom 2
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

basement laundry
workshop

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: Jul 30 Last Checked: Jul 31 at 12:06AM
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 duplex offers two separate units, with one unit on the main floor and a second unit on the second floor. The main floor unit includes an eat-in kitchen, full bath, bedroom, dining room, and living room. The second floor unit includes a kitchen, living room, bedroom, and bath, along with a possible additional bedroom or den.

The property has undergone multiple exterior and interior upgrades, including a new roof, new siding, new windows, and majority new flooring. A basement level is included, with laundry located in the basement.

Additional improvements include a three-car garage with a shop area, with alley access noted for the garage area.

Key Highlights

  • Duplex with 2 units: main‑floor unit plus a second‑floor unit
  • Main‑floor unit includes eat‑in kitchen, full bath, bedroom, dining room, and living room
  • Second‑floor unit includes kitchen, living room, bedroom, bath, and a possible bedroom or den

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Bakery Plumbing Service HVAC Service Skin Care Clinic Barber Shop

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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Duplex features two units, with new exterior updates and a basement laundry area, plus a three-car garage with shop space.
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 2 units: main‑floor unit plus a second‑floor unit; Main‑floor unit includes eat‑in kitchen, full bath, bedroom, dining room, and living room; Second‑floor unit includes kitchen, living room, bedroom, bath, and a possible bedroom or den
More about this property
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