Double Lot Residential
For Sale
$160,000
720 Monona Avenue, Des Moines, IA 50315
Double lot offering an existing one-bedroom home and tuck-under garage plus an additional north lot for development or investment.
Property SizeContact for details
Lot Size0.50 Acres
Days on Market456
Property Features for 720 Monona Avenue
General Information
Standard status
Active
Lot size
0.50 Acres
Property subtype
Lots/Land
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$47
Listing Agency:
Iowa Realty Mills Crossing
(515) 453-6629
Listed By:
Randy Kramer
(515) 453-6629
Source:
Exitrealty
Added: May 14, 2025
Changed: Aug 8
Last Checked: May 29 at 10:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Iowa Realty Mills Crossing
Investment Insights
Based on property information with market context.
This offering includes a double lot with an existing one-bedroom, one-bath home featuring a single tuck-under garage. The home is being sold “as is,” and the property includes the adjacent lot to the north (718 Monona) in addition to the home at 720 Monona.
Both the home and the additional lot have access via an alley/road at the rear of the lots. The public remarks also note downtown view potential and ongoing development in the surrounding area.
Buyers may consider updating the existing home, adding onto it, or clearing the additional land to pursue new construction. The seller also presents the property as a hold opportunity for long-term investment, with the configuration suited to multiple approaches given the double-lot setup and rear access.
Both the home and the additional lot have access via an alley/road at the rear of the lots. The public remarks also note downtown view potential and ongoing development in the surrounding area.
Buyers may consider updating the existing home, adding onto it, or clearing the additional land to pursue new construction. The seller also presents the property as a hold opportunity for long-term investment, with the configuration suited to multiple approaches given the double-lot setup and rear access.
Key Highlights
- Double lot package: 720 Monona includes an existing 1‑bedroom, 1‑bath home and tuck‑under garage.
- Additional lot to the north at 718 Monona offers development and/or investment potential.
- Nearly half‑acre total lot area for updating, adding onto the home, or developing the land.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Explore this area
Business Placement
Demographics for 50315, IA
36,693
Population
16,579
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
87%
High-School Grad
10.3 sq mi
ZIP Area
3,562
Density / Sq Mi
$62,036
Median Household Income
$41,311
Median Earnings
$977
Median Rent
$164,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Double lot offering an existing one-bedroom home and tuck-under garage plus an additional north lot for development or investment.
Where is this residential land & home lot located?
The property is located at 720 Monona Avenue Des Moines, IA.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Double lot package: 720 Monona includes an existing 1‑bedroom, 1‑bath home and tuck‑under garage.; Additional lot to the north at 718 Monona offers development and/or investment potential.; Nearly half‑acre total lot area for updating, adding onto the home, or developing the land.
