101 Kelly's Court

Forest City, IA
$ 599,000 Beds 15 Baths 12 Sq 12,300
Monthly Estimate* How much can I afford?

INVESTOR ALERT! What an opportunity!! This listing includes 3 separate 5 Bedroom 4 Bath homes (101,102 & 105 Kelly's Ct.) all former assisted living facilities ready to be transformed into your dream investment. All 3 buildings are the same layout and very similar inside. Unique Investment Opportunity – 3-Building Former Assisted Living Facility next to the Waldorf University campus Don’t miss this rare opportunity to own a multi-building property with endless potential! Formerly operated as an assisted living facility, this property features three separate buildings situated on a spacious cul-de-sac, providing privacy and convenience. With a large paved parking lot and room for expansion or redevelopment, the layout is ideal for a variety of uses—senior housing, multifamily conversion, group living, rehabilitation center, office complex, or other institutional or residential purposes (subject to zoning). The property covers the entire cul-de-sac, offering maximum accessibility and presence. Each building includes multiple rooms, common areas, restrooms, and kitchen facilities designed for residential care, with infrastructure already in place to support similar operations. Bring your vision and transform this one-of-a-kind property into your next successful venture!

Active

  • Price
  • $ 599,000
  • City
  • Forest City
  • Bedrooms
  • 15
  • Full Bathrooms
  • 12
  • County
  • WINNEBAGO
  • Half Bathrooms
  • 0
  • Area
  • Winnebago
  • Lot Size
  • 3.58 Acres
  • Zip
  • 50436
  • Sqr Footage
  • 12,300
  • Year Built
  • 1985
  • Style
  • MLS#
  • 6332628
Listed By: Iowa Home & Land Realty
Data Source: Iowa Association of REALTORS®

Features

General

Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Architectural Style See Remarks
Construction Materials Brick,Vinyl Siding
Year Built 1985
Property Subtype Single Family Residence
Tax Year 2025
Accessibility Doors 36 +,Fully Wheelchair,Grab Bars In Bathroom,Hallways 42 +,No Stairs External,No Stairs Internal,Partially Wheelchair,Reduced Height Counters,Roll-In Shower
County Winnebago
Property Type Residential
Contingency None
Status Active
Directions gps takes you to property
Lot Size Units Acres
Lot Size Square Feet 155945
Living Area Units Square Feet
Standard Status Active
PostalCity Forest City
Legal Description per abstract
AttributionContact Mobile: 515-423-0195

Interior Features

Basement Slab
3/4 Baths 12
Total Bedrooms 15
Total Baths 12

Exterior Features

Parking Features Outside,Concrete,Paved,Storage
Water Source Public
Lot Dimensions per abstract
Lot Size Acres 3.58

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Ames, IA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

10/8/2025 Listed $749,900
3/13/2026 4% - $725,000
7/1/2026 4% - $698,500
9/11/2026 15% - $599,000

Property vs Zip Code Average in 50436

Price
AVG $250K
$600K
Year Built
AVG 1948
1985
Visits
AVG 9
38
Data Provided by Inside Real Estate®

Areas That We Cover

101 Kelly's Court Forest City, IA is a Single Family Home for sale at $599000 with 12300 sqft and a lot size of 3.58 Acres Acre(s). 101 Kelly's Court Forest City has 15 bedrooms, 12 baths and was built in 1985. The property's zip code is 50436 which is in Forest City, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Your Agent
Rebecca Hedlund

Rebecca Hedlund

515-373-7056

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