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2218 W Iowa St, Evansville, IN, 47712

2beds
1baths
1,071sqft
$20,000
$19price/sqft
$310/moest. monthly cost
$12,400/yrincome needed

About This Home

Investor special! 2–3 bedroom home with flexible floor plan ready for a full renovation. Property will require extensive repairs. Opportunity to reposition as a 3-bedroom rental or value-add flip. Solid layout with potential to maximize after-repair value with the right improvements.

Getting Around

79
WalkingVery Walkable
0
TransitVery Limited Transit
54
BikeBikeable

Schools

7/10

Construction

Condition

  • Year built: 1909

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Basement: Crawl Space

Bedroom1

  • Level: Main

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,071

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 1,071
  • Total interior livable area: 1,071 sqft

Kitchen

  • Level: Main
  • Area: 120

Living Room

  • Level: Main
  • Area: 144

Property

Details

  • Parcel number: 820524030016.003029
  • Special condition: Real Estate Owned

Features

  • Levels: One and One Half
  • Stories: 1

Lot

  • Lot size: 2,613 sqft
  • Features: Level
  • Lot size dimensions: 25 x 119

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Strong Wind
Tornado
Winter Weather
Cold Wave
Hail
Heat Wave
Ice Storm
Lightning

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $101$1,212
Home Insurance *$16$192
Property Taxes $9$108
Electricity $184$2,212
Total$310$3,720
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$10,628/yr
40% on housing$9,300/yr
45% on housing$8,266/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.6%
10.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$19This listing

vs Other Active Listings

Avg $/sqft

ZIP 47712$103
Vanderburgh County$96

vs Homes Sold Last Month

Median $/sqft

ZIP 47712$138
Vanderburgh County$139

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-11-07Sold$16,000

Unknown Listed By

AgentMindy C Woodward
BrokerageKELLER WILLIAMS CAPITAL REALTY

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