Don’t miss this great opportunity to own a value-add duplex in Storm Lake! This older property has already seen several key exterior updates, including newer siding, windows, and roof—offering peace of mind and long-term durability. One unit is currently leased, providing immediate rental income, while the other is vacant and ready for updates. It’s a perfect setup for an investor or owner-occupant looking to build equity while collecting rent from day one. Whether you’re expanding your portfolio or getting started with your first investment property, this duplex offers solid potential in a convenient location. Schedule your showing today and envision the possibilities at 731 Michigan Street!
Sold for $90,900 on 06/27/25
$90,900
731 Michigan St, Storm Lake, IA 50588
5beds
1,770sqft
Multi Family
Built in 1900
-- sqft lot
$91,100 Zestimate®
$51/sqft
$844 Estimated rent
Home value
$91,100
Estimated sales range
Not available
$844/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: June 27, 2025 at 08:25am
Listed by:
Tyler Aube 712-299-7296,
Real Estate Specialists
Bought with:
Joseph Aube, B28920
Real Estate Specialists
Tyler Aube, S65591
Real Estate Specialists
Source: Northwest Iowa Regional BOR,MLS#: 828887
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Heating
- Forced Air
Cooling
- None
Interior area
- Total structure area: 1,770
- Total interior livable area: 1,770 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached, Concrete
- Garage spaces: 2
Lot
- Size: 5,227 sqft
Details
- Parcel number: 190211403133001
- Zoning: res
- Zoning description: res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & neighborhood
Location
- Region: Storm Lake
Price history
| Date | Event | Price |
|---|---|---|
| 6/27/2025 | Sold | $90,900+1.1%$51/sqft |
Source:  Northwest Iowa Regional BOR #828887 | ||
| 5/30/2025 | Pending sale | $89,900$51/sqft |
Source: Northwest Iowa Regional BOR #828887 | ||
| 5/29/2025 | Listed for sale | $89,900$51/sqft |
Source: Northwest Iowa Regional BOR #828887 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,826 +12.3% | $95,690 |
| 2023 | $1,626 +3% | $95,690 +31.4% |
| 2022 | $1,578 +7.6% | $72,850 |
Find assessor info on the county website
Neighborhood: 50588
Nearby schools
GreatSchools rating
- 2/10Storm Lake Middle SchoolGrades: 5-8Distance: 1.3 mi
- 2/10Storm Lake High SchoolGrades: 9-12Distance: 0.5 mi
- 1/10Storm Lake Elementary SchoolGrades: 1-4Distance: 1.3 mi
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