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1221 Main Street Grinnell, IA $ 299,000
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1221 Main Street
$ 299,000
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1221 Main Street

Grinnell, IA, 50112
$ 299,000
Baths0.0 Sq 2,891

Monthly Estimate*

$ 1,841

1221 Main Street, Grinnell, IA 50112 - Image 1
1221 Main Street, Grinnell, IA 50112 - Image 2
Studio

Multi-Family Home for sale in Grinnell, IA

for $299,000. This 2,891 square foot home was built in 1900 on a lot size of 0.28.

Perfect for the first time investor. The property has 3 units, the main being a five bedroom, 2 bathroom, livingroom and kitchen. (1st and 2nd floor of the house) The basement is a 1 bedroom/one bathroom. The garage is a one bedroom/one bath apartment. The perfect setup would be a family (owner) living in the main part of the house, Air BNB the basement apartment and rent out the garage to the current long term renter. All hail damage has been done. This property does have a big yard with both parking off the street and in the alley. More photos to follow as current tenants move out at the end of the month. Call your local realtor today for a personal tour.

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Multi-Family Active

Price

$ 299,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,314

Style

Lot Size

0.28

Year Built

1900

Town/City

Grinnell

County/Region

Poweshiek

MLS | Web ID

6338061
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Garage Spaces 0
Architectural Style Other
Construction Materials Vinyl Siding
Year Built 1900
Stories Count 2
Tax Year 2024
Gross Income 41489.63
Accessibility None
County Poweshiek
Operating Expense 6252.82
Property Type Residential Income
Contingency None
MaintenanceExpense 1500
Status Active
Directions North off of I80 turn right on 8th Ave turn right on Main st. second house on the right
Number Of Units Total 3
Lot Size Units Acres
Lot Size Square Feet 12196.8
Tax Annual Amount 2314
Electric Expense 1622.61
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 711.21
Living Area Units Square Feet
Standard Status Active
Legal Description NORTH GRINNELL LOT 9 BLOCK 2
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Interior
Basement Partial Finished
Total Fireplaces 0
Fireplace Y/N N
Below Grade Finished Area 926
Total Baths 0
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Exterior
Water Source Public
Lot Dimensions 75X165
Lot Size Acres 0.28
Foundation Area 926
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* Excluded Features
List By
Penny Gable

Listing Agent

Century 21 Signature Real Estate

Broker

penny@c21sre.com

Email

Affordability Calculator

$2,034
Per Month
91%
9%
0%
Monthly Principal & Interest
$1,841
Monthly Property Taxes
$193
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2872932 Elementary School
2872966 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/7/2026$299,000 Listed Price

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1221 Main Street, Grinnell, IA, 50112 is a Multi-Family Home for sale at $299,000 with 2,891 sqft and a lot size of 0.28. 1221 Main Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 50112 which is in Grinnell, IA

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