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Residential Income Shell Quadplex
For Sale
Contact for pricing
Pending

602 E Chandler Ave, Evansville, IN 47713

Gutted shell offers a blank interior for up to four apartments with brand-new exterior improvements.

Property SizeContact for details
Days on Market139

Property Features for 602 E Chandler Ave

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Fenced Yard Yes
Listing Agency: EXP Realty, LLC
Listed By: Lucas Neuffer · License #RB16001028
Source: Crexi
Added: Apr 12 Changed: Aug 24 Last Checked: Aug 25 at 10:06PM

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 EXP Realty, LLC

Investment Insights

Based on property information with market context.

This residential income property is a gutted shell with a brand-new exterior. Improvements include new siding, windows, doors, gutters, and a new roof. A new retaining wall and fence were installed along the entire border of the property.

The interior has been stripped and is ready for a new buyer to lay out as desired. Plumbing, heating/air, electrical, and interior finishes are not in place, and the home is being sold as a shell.

The configuration allows for as many as four apartments, depending on the buyer’s layout. The property was formerly a duplex and originally a single-family home, providing flexibility for redevelopment into a multi-unit structure.

Key Highlights

  • 602 E Chandler Avenue gutted shell with blank interior layout for a new buyer
  • Brand‑new exterior: new siding, windows, doors, gutters, and roof
  • New retaining wall and fence along the entire border of the property

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Electrical Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Auto Parts Store Acupuncture

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

Lease Details

Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

483
Businesses Nearby

Demographics for 47713, IN

9,916
Population
5,507
Households
1.8
Avg Household Size
35
Median Age
21%
College-Educated
88%
High-School Grad
5.0 sq mi
ZIP Area
1,983
Density / Sq Mi
$37,448
Median Household Income
$29,366
Median Earnings
$931
Median Rent
$85,200
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?
Quadplex - Gutted shell offers a blank interior for up to four apartments with brand-new exterior improvements.
Where is this quadplex located?
The property is located at 602 E Chandler Ave Evansville, IN.
What are key features of this property?
This property features: 602 E Chandler Avenue gutted shell with blank interior layout for a new buyer; Brand‑new exterior: new siding, windows, doors, gutters, and roof; New retaining wall and fence along the entire border of the property
More about this property
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