1506 E Ave NW, Cedar Rapids, IA 52405 Property Records

Linn County property record for 1506 E Ave NW, Cedar Rapids, IA 52405

Property Summary

Property TypeApartments (5+ Units)
Details5,520 sqft · built 1976
Lot Size1 acres (43,995 sqft)
OwnerCompany Name on Record
Tax Bill$13,162 (2025)
Deeds & MortgagesMar 2020 Sale & Mortgage
Flood ZoneZone X (minimal risk)
APN14203-57002-00000

Property Details

APN / Parcel Number

Primary APN14203-57002-00000

Interior

Units32 Units
Stories2 Stories
Building Area5,520 sqft Living Area
1st Floor Area10,832 sqft
Upper Floors Area5,312 sqft

Exterior

Year BuiltBuilt 1976
Effective Year BuiltEffective 1976
Lot Area43,995 sqft
Total Buildings4 Buildings

Location & Zoning

Street Address1504 E AVE NW
CityCEDAR RAPIDS
StateIA
Zip52405-3749
Property CategoryResidential
Property TypeResidential > Multi-Unit > Apartments (5+ Units)
Legal DescriptionSHULGANS 1ST (LESS CITY) S 170 OUT LOT STR/LB A
Legal Range7W
Legal Township83N
Legal Section20
Legal SubdivisionSHULGANS 1ST
Legal Lot NumberA
JurisdictionLINN IA
Township / Civil DivisionCEDAR RAPIDS
Census Block Group1
Census Block1014
Census Tract1101

Owner

Source: Linn County records, as of October 5, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of RecordCompany Name on Record
Mailing AddressPO BOX 1292, CEDAR RAPIDS, IA 52406-1292
Owner TypeCompany
VestingCompany

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Last Transfer DateJan 15, 2016
Transfer Doc0946100158
Record UpdatedOct 29, 2026

March 2020: Grant Deed, Transfer

Document TypeGrant Deed
JurisdictionLINN IA
Recording DateMar 16, 2020
Property Address1506 E AVE NW, CEDAR RAPIDS, IA 52405-3750
Document Number0105880672
Book / Page010588 / 000672
Instrument DateMar 13, 2020
Transaction TypeTransfer
Record UpdatedApr 21, 2020
Title CompanyNOT AVAILABLE

Transaction

AmountAmount Recorded
DownpaymentDownpayment on Record
Loan-to-Value (LTV)LTV on Record
Tax$3,600.00
Amount AccuracyConfirmed
Additional
  • Arm's Length
  • Multiple Parcels

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
AddressPO BOX 1292 CEDAR RAPIDS IA 524061292, CEDAR RAPIDS, IA 52406-1292

Mortgage

Document Number105880675
DateMar 16, 2020
Book Page010588/000675
Lender
NameKIP A ELM
Address3990 ELM DR, TODDVILLE, IA 52341-9664
Agreement
AmountAmount Recorded
Term360 Months
DueMar 15, 2050

Tax Assessment & Valuation

Source: Linn County assessment roll, as of October 5, 2026

Property Jurisdictions

TypeName
StateIowa
CountyLinn County
MunicipalityCedar Rapids City
Unified School DistrictCedar Rapids Community School District (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2026$768,100 (-) Land $91,400 Building $676,700$768,100 (-) Land $91,400 Building $676,700
2025$13,162.00$768,100 (+5.7%) Land $91,400 Building $676,700$768,100 (+5.7%) Land $91,400 Building $676,700
2024$13,162.00 (-7.83%)
2023$726,700 (+7.34%) Land $91,400 Building $635,300$726,700 (+7.34%) Land $91,400 Building $635,300
2022$14,280.00 (-13.54%)$677,000 Land $91,400 Building $585,600
2021$16,516.00$677,000 Land $91,400 Building $585,600

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

Flood

Source: FEMA National Flood Hazard Layer, effective May 31, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Nearest Special Flood Hazard AreaZone AE, within 100 ft
Flood Insurance RequirementNot required
lenders may require it
Flood Insurance CostPremium on Record
median of 10 policies
Community Rating SystemClass 6 (20% premium discount)
Nearby Flood Policies10 in force
Nearby Flood Claims17 (1981–2016)
Claims Outside the SFHA10 of 17
Most Recent ClaimSep 2016 · Severe Storms And Flooding
Claims by Event
  • Severe Storms, Tornadoes, Straight-line Winds, And Flooding, Jun 2014 · 2 claims
  • Severe Storms & Flooding, Aug 1993 · 5 claims

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.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskLow
lower than 99.1% of the US · lower than 91% of Iowa
Wildfire LikelihoodUnder 0.01% annual chance
ExposureNone
beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemCEDAR RAPIDS WATER DEPARTMENT
serves 142,364 people · EPA ID IA5715093
Water SourceGroundwater influenced by surface water
Last State InspectionOct 2025
Lead2 ppb (2025)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 555 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Mediacom Xtream
Cable
2,000 / 1,000
ImOn Communications
Cable · Fiber in parts of the area
300 / 30
Verizon
Fixed Wireless
300 / 20
CenturyLink
DSL
140 / 20
T-Mobile
Fixed Wireless
100 / 20

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