1. Iowa
  2. Des Moines
  3. 3101 Cottage Grove Avenue
$275,000

3101 Cottage Grove Avenue, Des Moines, IA 50311

  • 7 beds |
  • 7 baths |
  • 3,067 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1890
  • Property Lot Size Icon9,801sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $90/sqft
  • Property List Date Icon Listed 19 days ago

Property Description

Steps from Drake University and surrounded by ongoing neighborhood revitalization, 3101 Cottage Grove is primed for transformation. Currently a 7 unit building, it shines brightest as a candidate for conversion back to a stately single family home. The property sits within an Invest DSM program area making it eligible for grants, reimbursements, and low interest rehab loans plus NFC Advantage Lending benefits that can offset renovation costs. Historic homes nearby have already seen significant value growth, fueled by preservation efforts and new local businesses. City code upgrades for electrical and HVAC are required for continued multifamily use, but those same improvements can anchor a top tier single family redesign. Bring your vision and capture this rare location plus funding opportunity. Property sold as is; buyer to verify all incentives and requirements.

Listing Status:
Active
Date Added:
July 1, 2025 at 05:00AM
Listing Office:
LPT Realty, LLC : (877) 366-2213
Listing Agent:
Teri Lamberti : (515) 238-9549
MLS ID:
721402
  • Basement: Unfinished
  • A/C: Window Unit(s)
  • Heating: Forced AirGasNatural Gas

This listing courtesy of Teri Lamberti, LPT Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Ruby Van Meter

710 28th St, Des Moines, IA, 50312

Grades KG-12

0.61 miles away

C

Callanan Middle School

3010 Center St, Des Moines, IA, 50312

Grades 6-8

0.54 miles away

R

Ruby Van Meter

710 28th St, Des Moines, IA, 50312

Grades KG-12

0.61 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.