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Legacy Commons 1185-1185 S Lincoln Park Dr 140 Unit Apartment Building For Sale Evansville, IN 47714



INVESTMENT HIGHLIGHTS
- All Units Renovated in 2025
- New Individual HVAC Systems
- Newly Paved and Striped Surface Parking Lots
- All New Roofs
- Three On-Site Laundry Facilities
- Strong Economic Demand Drivers
EXECUTIVE SUMMARY
XMark Midwest is pleased to offer Legacy Commons Apartments, a 140-unit multifamily asset located on the near east side of Evansville, Indiana. Built between 1970-1977 and fully renovated in 2025; the property consists of 6 two-story buildings and 2 three-story buildings situated on a 3.61-acre site.
Legacy Commons features 2 studios, 46 one-bedroom and 92 two-bedroom units. Recent capital improvements include but not limited to all new mechanicals, updated electrical, individual HVAC systems, new roofs, individual 40g hot water heaters, resurfaced and striped parking lot, new exterior paint, and a privacy fence. Spacious unit interiors also feature new flooring, new light fixtures and cabinets, 1 ¾” thick quartz countertops, stainless steel appliances, and balconies on 24 units.
Legacy Commons features 2 studios, 46 one-bedroom and 92 two-bedroom units. Recent capital improvements include but not limited to all new mechanicals, updated electrical, individual HVAC systems, new roofs, individual 40g hot water heaters, resurfaced and striped parking lot, new exterior paint, and a privacy fence. Spacious unit interiors also feature new flooring, new light fixtures and cabinets, 1 ¾” thick quartz countertops, stainless steel appliances, and balconies on 24 units.
PROPERTY FACTS
| Sale Type | Investment | Building Class | C |
| No. Units | 140 | Lot Size | 3.06 AC |
| Property Type | Multifamily | Building Size | 115,175 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1970/2025 |
| Zoning | R-4 - Low-Medium Density Dwellings | ||
| Sale Type | Investment |
| No. Units | 140 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.06 AC |
| Building Size | 115,175 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1970/2025 |
| Zoning | R-4 - Low-Medium Density Dwellings |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Recycling
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 450 |
| 1+1 | 46 | - | 738 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,530,112 CAD | |
| Land Assessment | $263,434 CAD | Total Assessment | $4,793,547 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$263,434 CAD
Improvements Assessment
$4,530,112 CAD
Total Assessment
$4,793,547 CAD
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Legacy Commons | 1185-1185 S Lincoln Park Dr
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