21 E Chandler Avenue

Here is your chance to purchase this beautiful, historic apartment building in the heart of downtown Evansville, right near the edge of Haynie's Corner. This property has so much potential for increased rents and increased value. This building features 9 units: 7 apartment units and 2 garage units rented out for storage. Every unit is currently rented. Some units have undergone light remodeling. Most units are rented well under market value and are prime for steady rent increases or possible short- to mid-term rentals. Rents: Apt A $695/mo, Apt B $731.50/mo, Apt C $709.50/mo, Apt D $650/mo, Apt E $595/mo, Apt F $599.50/mo, Apt G $650/mo, Garage Unit 1 $25/mo, Garage Unit 2 $50/mo. This totals $4,705.50 per month. Average water/sewer/trash utilities run $600–$700/mo. Average electric/gas utilities run $600–$800/mo depending on the season.