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

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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.

PROPERTY FACTS

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

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 82-06-34-017-076.024-027
  • 82-06-34-017-076.025-027
  • 82-06-34-017-076.008-027
  • 82-06-34-017-076.030-027
Land Assessment
$263,434 CAD
Improvements Assessment
$4,530,112 CAD
Total Assessment
$4,793,547 CAD
  • Listing ID: 36372433

  • Date on Market: 2025-06-24

  • Last Updated:

  • Address: 1185-1185 S Lincoln Park Dr, Evansville, IN 47714

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