1502 E Ave NW, Cedar Rapids, IA 52405 Property Records

Linn County property record for 1502 E Ave NW, Cedar Rapids, IA 52405 · Last verified January 2026

Property Summary

Property Type	Apartments (5+ Units)
Details	9,224 sqft · built 1974
Lot Size	0.48 acres (20,909 sqft)
Owner	Company Name on File
Last Sale	$2,250,000 (Mar 2020)
Tax Bill	$10,552 (2024)
Deeds & Mortgages	Mar 2020 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`14-20-3-84-001-0-0000`

Property Details

APN / Parcel Number

Primary APN	`14-20-3-84-001-0-0000`

Interior

Units	16 Units
Stories	2 Stories
Building Area	9,224 sqft Total Area
Upper Floors Area	4,612 sqft

Exterior

Year Built	Built 1974
Lot Area	20,909 sqft (0.48 acres)
Lot Dimensions	80 ft deep x 80 ft wide

Location & Zoning

Street Address	1502 E AVE NW
City	CEDAR RAPIDS
State	IA
Zip	52405-3745
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Legal Description	A.P. #222 W 80' LOT B S OF HWY
Legal Range	07
Legal Township	83
Legal Section	20
Legal Subdivision	SHULGANS 1ST ADD
Legal Lot Number	B
Jurisdiction	LINN IA
Township / Civil Division	CEDAR RAPIDS
Census Block Group	1
Census Block	1014
Census Tract	1101

Owner

Source: Linn County records · APN 14-20-3-84-001-0-0000

Assessment roll updated May 1, 2025 · Last verified January 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on File
Mailing Address	PO BOX 1292, CEDAR RAPIDS, IA 52406-1292
Owner Type	Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	Mar 13, 2020 · Amount on Record
Deed Sale	Mar 13, 2020 · Amount on Record
Deed Document Number	0010588672
Deed Book / Page	10588 / 672
Last Transfer Date	Mar 16, 2020
Transfer Doc	0105880672
Record Updated	Jun 08, 2026

March 2020: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	LINN IA
Recording Date	Mar 16, 2020
Property Address	1502 E AVE NW, CEDAR RAPIDS, IA 52405-3745
Document Number	0105880672
Book / Page	010588 / 000672
Instrument Date	Mar 13, 2020
Transaction Type	Transfer
Record Updated	Apr 21, 2020
Title Company	NOT AVAILABLE

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on File
Loan-to-Value (LTV)	LTV on Record
Tax	$3,600.00
Amount Accuracy	Confirmed
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	PO BOX 1292 CEDAR RAPIDS IA 524061292, CEDAR RAPIDS, IA 52406-1292

Mortgage

Document Number	105880675
Date	Mar 16, 2020
Book Page	010588/000675

Lender

Name	KIP A ELM
Address	3990 ELM DR, TODDVILLE, IA 52341-9664

Agreement

Amount	Amount Recorded
Term	360 Months
Due	Mar 15, 2050

Tax Assessment & Valuation

Source: Linn County records · Assessment roll updated May 1, 2025 · Last verified January 2026

Property Jurisdictions

Type	Name
State	Iowa
County	Linn County
Municipality	Cedar Rapids City
Unified School District	Cedar Rapids Community School District (PK - 12)

Tax Bill & Assessment History

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$616,800 (+5.87%) Land $53,900 Building $562,900	$616,800 (+5.87%) Land $53,900 Building $562,900
2024	$10,552.00 (-11.36%)
2023		$582,600 (+3.22%) Land $53,900 Building $528,700	$582,600 (+3.22%) Land $53,900 Building $528,700
2022	$11,904.00 (-13.55%)	$564,400 Land $53,900 Building $510,500
2021	$13,770.00		$564,400 Land $53,900 Building $510,500

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Linn County (19113C), updated May 31, 2026 · FEMA OpenFEMA NFIP redacted claims and policies, census block group 191130011011, refreshed September 2026 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood Zone	Zone X
Special Flood Hazard Area	No
Flood Hazard	Minimal
500-Year Floodplain	No
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Cost	Premium on Record median of 10 individual NFIP policies nearby
Community Rating System	Class 6 (20% premium discount)
Nearby Flood Policies	10 in force
Nearby Flood Claims	17 (1981–2016)
Claims Outside the SFHA	10 of 17
Most Recent Claim	Sep 2016, river or lake flooding, Severe Storms And Flooding
Claims By Storm	Severe Storms, Tornadoes, Straight-line Winds, And Flooding, Jun 2014 · 2 claims Severe Storms & Flooding, Aug 1993 · 5 claims

Wildfire

Wildfire Risk	Not rated no burnable land in reach
Wildfire Likelihood	Negligible
Exposure	None beyond ember reach

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Internet Providers

Source: FCC Broadband Data Collection, availability as of December 31, 2025 · Published October 2026 · based on 555 locations within about half a mile of this property

Provider	Technology	Download / Upload (Mbps)
Mediacom Communications	Cable	2,000 / 1,000
Hawkeye Topco Holdings	Cable	300 / 30
Verizon	Fixed Wireless	300 / 20
Lumen Technologies	DSL	140 / 20
T-Mobile USA	Fixed Wireless	100 / 20

May also be available at this address: Hawkeye Topco Holdings. Availability varies by address; speeds are provider-advertised maximums, not measured.

Mobile Coverage

5G and 4G LTE

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