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309 E Michigan Street Evansville, IN $ 173,333
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$ 173,333 Get more info
309 E Michigan Street
$ 173,333
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309 E Michigan Street

Evansville, IN, 47711
$ 173,333
Bedrooms3 Baths4.0 Sq 2,564

Monthly Estimate*

$ 1,094

309 E Michigan Street, Evansville, IN 47711 - Image 1
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309 E Michigan Street, Evansville, IN 47711 - Image 4
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309 E Michigan Street, Evansville, IN 47711 - Image 8
309 E Michigan Street, Evansville, IN 47711 - Image 9
309 E Michigan Street, Evansville, IN 47711 - Image 10
309 E Michigan Street, Evansville, IN 47711 - Image 11
309 E Michigan Street, Evansville, IN 47711 - Image 12
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Multi-Family Home for sale in Evansville, IN

for $173,333 with 3 bedrooms and 4 full baths. This 2,564 square foot home was built in 1889.

Investment opportunity!! Multi-Family Apartment Package Deal! 11 Total Units! 309 E Michigan St, Evansville, IN is part of a package deal with 705 707 N Fourth Ave, Evansville, IN & 324 E Moore St, Boonville, IN for a total of $520,000.00 309 E Michigan St is a 4 unit apartment building. These are all tenant occupied rental properties that are professionally managed. The photos are when the property was vacant to keep the privacy of the tenants. Apartment 1 - $480/month | Apartment 2 - $654.50/month | Apartment 3 - Currently Vacant/For Rent(estimated market rent $525/month) | Apartment 4 - $650/month Landlord pays for Water/Sewer/Trash. Tenants pay for their own electric and gas. Each unit has their own furnace and water heater.

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Multi-Family Active

Price

$ 173,333

Bedrooms

3

Full Bath

4

Property Type

Multi-Family

Taxes

$ 1,770

Style

Fourplex

Year Built

1889

Town/City

Evansville

County/Region

Vanderburgh

MLS | Web ID

202637032
Features
General
Heating Gas
Cooling Window
Sewer City Public
Status Active Active
Full Baths 4
Half Baths 0
Bathrooms 4
Year Built 1889
New Construction No
Tenant Pays Electric Heating
Subdivision None
Style Two Story
Stories Count 2
Township Pigeon
Class INVESTMENT
Type Fourplex
Age 137
Net Income 25333.44
Rent Income 29754
Features Basement Porch Covered
REO No
Status Detail 0
Area Vanderburgh County
High School Central
City Evansville
School District Evansville-Vanderburgh School Co
Total Sq Ft 3786
Elementary School Lincoln
Middle School Lincoln
Legal Description HEIDELBACH & ELSAS ENL LOT 5 BL 31
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202637032
Agent First Name Mark
Agent Last Name Albini
DOM 22
Tax Year 2025
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Interior
Basement Full Basement
Flooring Mixed
Beds 4
Total Number of Units 4
Microwaves 0
Refrigerators 4
Washers 0
Dryer(s) 0
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 4
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 4
W/D Hookups 0
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Exterior
Exterior Stone Masonry
Pool No
Number of Parking Spaces 2
Lot Size Area 3049
Lot Dimensions 127x25
Lot Description Level
Water Meters 1
Electric Meters 4
Outbuilding None
Gas Meters 4
Waterfront Y/N No
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* Excluded Features
List By
Mark Albini

Listing Agent

Exp Realty, Llc

Broker

albinimark0@gmail.com

Email

Affordability Calculator

$1,242
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,094
Monthly Property Taxes
$148
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1236052 Elementary School
1237466 Middle School
Central High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/8/2026$173,333 Listed Price

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309 E Michigan Street, Evansville, IN, 47711 is a Multi-Family Home for sale at $173,333 with 2,564 sqft. 309 E Michigan Street has 3 bedrooms, 4.0 baths, and was built in 1889. The property's zip code is 47711 which is in Evansville, IN

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