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1221 Main StreetGrinnell, IA 50112

Multi-Family · 2,891 Sq. ft. | 0.28 Acres
$299,000 Active

1221 Main Street Overview

Time on Site:
53 days
Visits:
2

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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1221 Main Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,891
  • Price/Sq.ft. $103
  • Lot 0.28 Acres

Details

General

Income/Expenses

  • Electric Expense: 1622.61
  • Fuel Expense: 0
  • Gross Income: 41489.63
  • Maintenance Expense: 1500
  • Operating Expense: 6252.82
  • Trash Expense: 0
  • Water Sewer Expense: 711.21

Listing Information

  • Contingency: None

Building Information

  • Year Built: 1900

Location/Region

  • County Or Parish: Poweshiek
  • Postal City: Grinnell

Tax Information

  • Tax Annual Amount: 2314
  • Tax Year: 2024

General Information

  • Parcel Number: 0616800
  • Property Type: Residential Income

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Below Grade Finished Area: 926

General Information

  • Accessibility Features: None
  • Basement: Partial,Finished
  • Fireplace: No
  • Fireplaces Total: 0
  • Foundation Area: 926
  • Heating: Forced Air
  • Living Area: 2891
  • Living Area Units: Square Feet
  • Stories: 2

Exterior

Lot Information

  • Lot Size Acres: 0.28
  • Lot Size Dimensions: 75X165
  • Lot Size Square Feet: 12196.8
  • Lot Size Units: Acres
  • Water Source: Public

Building Exterior/Construction

  • Architectural Style: Other
  • Construction Materials: Vinyl Siding

General Information

  • Number Of Units Total: 3
  • Sewer: City Sewer/Connected

1221 Main Street Neighborhood

Community

50112 (Grinnell) Demographics

41
Median Age
64
Population Density (per sq. mile)
45%
College Educated
$54,349
Estimated Median Income
2,996
Estimated Total Home Owners
1,842
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1221 Main Street Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1221 Main Street Market Data

Based on the last 30 days in this zip code

$253,949
Average List Price
$139
Average Price per Square Foot
10
Properties Sold
81
Average Days on Market
84
Properties for Sale
Calculations provided by Reliance Network

1221 Main Street History

Date Event Value Agent
5/7/2026Source: NoCoast MLS Added to Database
May 07, 2026
2/21/2025Source: NoCoast MLS Added to Database
February 21, 2025
Listing provided courtesy of Century 21 Signature Real EstateNoCoast MLS- MLS# 6338061MLS Provider