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Evansville Duplex: Investor Opportunity
For Sale
$99,900

1114 1116 W Illinois St, Evansville, IN 47711

Duplex with classic charm, spacious layouts, and income potential.

Property Size1,760 SF
Price / SF$56.76
Days on Market167

Property Features for 1114 1116 W Illinois St

General Information

Standard status Active
Size 1,760 SF
Property subtype Multi-Family

Building Details

Year Built 1916
Listing Agency: KELLER WILLIAMS CAPITAL REALTY
Listed By: Tonia Stofleth · License #RB20000419
Source: Daubyrealestate
Added: Mar 11 Changed: Aug 23 Last Checked: Aug 22 at 12:46PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS CAPITAL REALTY

Investment Insights

Based on property information with market context.

Built in 1916, this duplex presents an opportunity for investors. The property features classic charm and spacious layouts. The main level unit includes 2 bedrooms, 1 full bath, and access to the basement, which offers storage and a laundry area. The upstairs unit has 1 bedroom and 1 full bath, with the potential to be converted into a 2-bedroom unit. Each unit is approximately 880 square feet, with an additional 220 square feet in the basement. The property is situated on a backyard lot that is accessible from the alley. This duplex is suitable for investors or those seeking to add value through updates and improvements. With some improvements, this duplex could become an income-producing property. The property is sold As-Is, Where-Is, and the seller will not make any repairs.

Key Highlights

  • Income‑producing duplex with potential for increased rental income.
  • Spacious layouts: approximately 880 sq. ft. per unit.
  • Two separate units offering flexibility for renting or living.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Garden Center Nail Salon Storage Facility (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,696
Businesses Nearby

Demographics for 47711, IN

31,266
Population
14,487
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
91%
High-School Grad
16.5 sq mi
ZIP Area
1,895
Density / Sq Mi
$65,398
Median Household Income
$39,114
Median Earnings
$982
Median Rent
$156,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex with classic charm, spacious layouts, and income potential.
Where is this duplex located?
The property is located at 1114 1116 W Illinois St Evansville, IN.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Income‑producing duplex with potential for increased rental income.; Spacious layouts: approximately 880 sq. ft. per unit.; Two separate units offering flexibility for renting or living.
More about this property
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