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9-Unit Apartment Building
For Sale
$345,000

21 E Chandler Ave, Evansville, IN 47713

Fully occupied multifamily property with apartment residences and garage storage units in downtown Evansville.

Property Size3,827 SF
Price / SF$90.15
Days on Market171

Property Features for 21 E Chandler Ave

General Information

Standard status Active
Size 3,827 SF
Property subtype Residential Income
Occupancy 100%

Additional Details

Gross Income $56,466
Multifamily Units 7

Taxes and HOA fees

Annual Taxes $3,909

Building Details

Buildings 1
Listing Agency: eXp Realty, LLC
Listed By: Mark Albini · License #RB19002026
Source: Exprealty
Added: Apr 29 Changed: Oct 15 Last Checked: Oct 14 at 11:26PM

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

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Investment Insights

Based on property information with market context.

This 3,827-square-foot apartment building contains nine total units, including seven apartment units and two garage units used for storage. All units are currently rented, and select apartments have received light remodeling.

The property is located at 21 E Chandler Ave in downtown Evansville, near the edge of Haynie's Corner. Its existing configuration combines residential units with supplemental garage storage space within a single multifamily asset.

Key Highlights

  • Nine‑unit configuration with 7 apartments and 2 garage storage units
  • All units are currently rented
  • 3,827‑square‑foot apartment building

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Dental Office Furniture & Home Goods Acupuncture Florist

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

7
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,590
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied multifamily property with apartment residences and garage storage units in downtown Evansville.
Where is this apartment building located?
The property is located at 21 E Chandler Ave Evansville, IN.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Nine‑unit configuration with 7 apartments and 2 garage storage units; All units are currently rented; 3,827‑square‑foot apartment building
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