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28 E Powell

Evansville, IN 47713

5 beds
3 baths
– sqft
9,200 sqft lot
– on site

Investment Opportunity: Fully Renovated Tri-Plex in Desirable Haynie's Corner Art District Nestled in the vibrant Haynie's Corner Art District and in close proximity to the IU Medical School, this meticulously renovated tri-plex presents an exceptional real estate investment with turn-key appeal and comprehensive upgrades. The property boasts three distinct units totaling 2,841 rentable square feet, offering versatility and strong income potential for discerning investors. The main level features Unit A, a 1,316 sq ft two-bedroom unit, complemented by two upstairs units: Unit B, a 913 sq ft two-bedroom space, and Unit C, a 612 sq ft one-bedroom apartment. Each unit has been designed with quality finishes, including wood cabinetry, Formica countertops, and convenient washer and dryer hookups. Recent renovations demonstrate a comprehensive approach to property improvement, with upgrades spanning every critical system and surface. The property features a complete roof replacement, modernized HVAC system, newer water heaters, updated windows, refreshed siding, and full electrical and plumbing system overhauls. Interior improvements include new flooring, lighting, fully remodeled kitchens with tile floors, upgraded bathrooms, and newer appliances. A dedicated 4-car off-street parking lot provides additional value and convenience, addressing a need in this area. The property's positioning in the heart of the Haynie's Corner Art District, coupled with its proximity to the IU Medical School, makes it an option for medical professionals, students, and art community members seeking a well-maintained, centrally located residence. This tri-plex is an investment opportunity with a blend of modern upgrades, strategic location, and versatile unit configurations.

Listing courtesy of IRMLS

Last checked: Checking… • Last updated Jan 14, 2025 •

MLS# 202447754 —

The Building

Year Built:

1889
New Construction:

No
Style:

Three Story
Amenities:

Ceiling-9+, Ceiling Fan(s), Countertops-Laminate, Patio Covered, Porch Covered, Stand Up Shower, Tub/Shower Combination
Roof Material:

Dimensional Shingles
Exterior:

Vinyl
Basement:

Yes
Basement/Foundation:

Crawl, Partial Basement, Outside Entrance
Total SqFt:

3089
Total Finished SqFt:

3089
Above Grade Finished SqFt:

3089

Interior

Flooring:

Carpet, Laminate, Tile
Fireplace:

Extra Rm, Living/Great Rm
Kitchen Level:

Main
Living/Great Room Level:

Main
Dining Room Level:

Main
Family Room Level:

Upper
Fireplace:

Yes
# of Fireplaces:

2
Laundry Level:

Main

Room Dimensions

Kitchen Length:

10
Kitchen Width:

10
Dining Rm Length:

16
Dining Room Width:

11
Living/Great Room Width:

14
Living/Great Room Length:

21
Family Room Length:

12
Family Room Width:

15
1st Bedroom Length:

15
1st Bedroom Width:

16
2nd Bedroom Length:

14
2nd Bedroom Width:

11
3rd Bedroom Width:

8
3rd Bedroom Length:

11
4th Bedroom Length:

10
4th Bedroom Width:

7
5th Bedroom Length:

15
5th Bedroom Width:

15

Location

Directions to Property:

Located between 4th St and 6th St on Powell Ave.
Latitude:

37.964943
Longitude:

-87.564461

The Property

Parcel# ID:

82-06-29-021-071.007-029
Property Subtype:

Site-Built Home
Location:

Near College Campus
Lot Dimensions:

50x184
Lot Description:

Level
Approx Lot Size SqFt:

9200
Approx Lot Size Acres:

0.2112
Fence:

Chain Link, Privacy
Waterfront:

No

Listing Agent

Contact info:

Taxes

Annual Taxes:

2092.92

Beds

Total # Bedrooms:

5
1st Bedroom Level:

Main
2nd Bedroom Level:

Main
3rd Bedroom Level:

Upper
4th Bdrm Level:

Upper
5th Bdrm Level:

Upper

Baths

Total Baths:

3
Total Full Baths:

3
# of Full Baths Main:

1
# of Full Baths Upper:

2

The Listing

Unbranded Virtual Tour:

https://www.propertypanorama.com/instaview/irmls/202447754

Heating & Cooling

Heating/Fuel:

Gas, Forced Air, Multiple Heating Systems
Cooling:

Central Air, Multiple Cooling Units

Utilities

Water Utility:

City
Sewer:

City
Energy Efficient:

HVAC, Windows

Schools

Elementary:

Tekoppel
Middle School:

Helfrich
High School:

Francis Joseph Reitz
School District:

Evansville-Vanderburgh School Corp.

The Community

Subdivision:

None
Pool:

No
Association Dues Frequency:

Not Applicable

Parking

Garage:

No
Off Street Parking:

Yes

Monthly cost estimate

Asking price

$315,000

Expense	Monthly cost
Mortgage	$1,686
Taxes	$766
Insurance	$86
Utilities	N/A
Total	$2,538/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/20/24 Dec 20, 2024	Listed / Active	IRMLS	$315,000	530.0% (102.9% / YR)
10/28/19 Oct 28, 2019		MIBOR	$50,000
10/28/19 Oct 28, 2019		MIBOR	$50,000

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This house located in Evansville South Side, Evansville, IN 47713 is currently for sale for $315,000. 28 E Powell is a – square foot house with 5 beds and 3 baths that has been on Estately for 32 days. 28 E Powell is in the Evansville South Side neighborhood of Evansville and has a WalkScore® of 62, making it somewhat walkable. This house is in the attendance area of Helfrich Park Stem Academy, Tekoppel Elementary School, and Francis Joseph Reitz High School.

Listing Courtesy of: IRMLS and .

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