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  • $557,900

    1566 S Kentucky Ave, Evansville, IN 47714

    4beds
    4,527sqft
    Apartment Complex
    Built in 1940
    -- sqft lot
    $557,900 Zestimate®
    $123/sqft
    $1,488 Estimated rent

    Home value

    $557,900

    $497,000 - $619,000

    $1,488/mo

    Zestimate® history
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    $1,488/mo

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    $1,488/mo

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    $3,410/mo

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    $3,410/mo

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    What's special

    Looking to build your investment portfolio? This offering consists of a total of 4 professionally managed buildings (three 4-unit buildings and 1 house). All units are occupied (some new tenants and some long term tenants) allowing you to start in the green. Highly Desirable Neighborhood, near IU Medical School, University of Evansville, Memorial and Bosse High Schools, and the Private Charter School Joshua Academy. Brick exteriors for low maintenance, plenty of off street parking and laundry hook-ups available. Additional income is available with 4 car garage rental. Landlord pays water in 1566, tenant pays all other utilities. Tenant pays all utilities in 1550 and 1556. All multiplexes have house meters and average $15-20 per month. Recent updates to properties: 1550 S Kentucky - Unit D HVAC condenser replaced - June 2018 - All Units - new commercial carpet in common areas - June 2018 1556 S Kentucky - All Units - new commercial carpet in common areas - June 2018 1562 S Kentucky - Roof replaced - June 2018. Charming brick Tudor style home. Updated kitchen & baths. Bedrooms upstairs with full bathroom & offers an unfinished basement. 1566 S Kentucky - all units vacated and totally remodeled - Both Garage Doors Replaced - June 2018 - All Units - new commercial carpet in common areas - June 2018 - All Units - exterior common doors replaced with steel doors - June 2018 - All landscaping updated spring 2018 - All Units - new flooring/paint throughout

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Forced air
    Cooling
    • Central
    Appliances
    • Laundry: Washer/Dryer Hookups
    Features
    • Other
    • Flooring: Tile, Carpet, Linoleum / Vinyl
    Interior area
    • Structure area source: Assessor
    • Total interior livable area: 4,527 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Off-street
    Features
    • Exterior features: Brick
    Lot
    • Size: 10,175 Square Feet
    • Features: Level, City Lot, 0 to 2.9999 Acres
    Details
    • Parcel number: 820633013012.006027
    • Zoning: City Zoning(Unknown)

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment Complex
    Condition
    • Year built: 1940

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected

    Community & HOA

    Location
    • Region: Evansville

    Financial & listing details

    • Price per square foot: $123/sqft
    • Annual tax amount: $6,151
    • Lease term: 12 Months, Renewal Option, Unit 1 Rent Frequency(Monthly), Unit 2 Rent Frequency(Monthly), Unit 3 Rent Frequency(Monthly), Unit 4 Rent Frequency(Monthly), Unit 5 Rent Frequency(Monthly), Unit 6 Rent Frequency(Monthly)
    • Total actual rent: 69012
    • Tenant pays: Other

    Price history

    DateEventPrice
    1/20/2021Listing removed--
    Source: IRMLS Report a problem
    2/4/2019Listed for sale$575,000$127/sqft
    Source: eXp Realty, LLC #201903798 Report a problem
    10/13/2018Listing removed$495
    Source: ERS Management, LLC Report a problem
    7/16/2018Listed for rent$495+16.5%
    Source: ERS Management, LLC Report a problem
    3/6/2018Listing removed$425
    Source: ERS Management, LLC Report a problem
    12/13/2017Listed for rent$425+7.6%
    Source: ERS Management, LLC Report a problem
    6/14/2017Listing removed$395
    Source: Zillow Rental Manager Report a problem
    3/12/2017Listed for rent$395
    Source: Zillow Rental Manager Report a problem
    8/24/2016Listing removed$395+12.9%
    Source: ERS Report a problem
    2/12/2016Listing removed$350
    Source: ERS Management, LLC Report a problem
    1/20/2016Listed for rent$350
    Source: ERS Management, LLC Report a problem

    Public tax history

    Tax history is unavailable.
    Find assessor info on the county website

    Neighborhood: Akin Park

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: John M Culver
    • Middle: Glenwood
    • High: Bosse
    • District: Evansville-Vanderburgh School Corp.

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $557,900
    2% more
    +$11,158
    With Zillow Showcase(estimated)
    $569,058