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Commonwealth Senior Apartments

1400 2nd Ave SE, Cedar Rapids, Iowa 52403

Commonwealth Senior Apartments is located in a historic building on 2nd Ave SE in Cedar Rapids. Built in 1925 as an extended-stay hotel, the building features arched doorways and windows, black marble baseboards and elaborate decorative columns. The building now features 84 newly renovated apartments. Commonwealth residents enjoy great amenities that make apartment living convenient and comfortable.

Units

Unit (Bd/Ba) Ft2 Rent
studio (Studio/1) 418-649 $450
1 Bedroom (1/1) 544-740 $550
2 Bedroom (2/1) 886-1017 $650

Commonwealth Senior Apartments Details

  • 84 0, one and two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Fitness Center
  • Community Room
  • Library
  • Secured Entry
  • Community Garden
  • Laundry Facility

Unit Amenities

  • Central Air
  • Dishwasher
  • Microwave
  • Water Trash and Sewer Included

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Commonwealth Senior Apartments is managed by TWG Development.

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62+