1307 Cherokee Road

Louisville, KY 40204

Listing ID: 196686

$695,000

For Sale

Property Type Multifamily
Lot Size Acres 0.000
Building Sq Ft 4,498
Building Price per Sq Ft $154.51
Land Price per Sq Ft $154.51

1307 Cherokee Road Louisville, KY 40204 - main image

Description

This Cherokee Triangle Victorian is perched in a coveted location one door away from Longest Ave. Though it is currently divided into 4 apartments, plus a carriage house apartment, it can easily be converted back to a single family home. Only 2 walls have been added to create the 2nd floor units. The 1st floor unit (1,717 sq. ft.) has a marble entry foyer, beautiful inlaid oak floors, huge custom kitchen, a breakfast room, & an enclosed rear porch. The 2nd floor has two units that total 1,538 sq. ft. unit and the 3rd floor unit is 1,243 sq. ft. As a single family, this would be a 6-7 BR, 5 full BA home. The 2-car garage has a 1-BR apt. unit above. The exterior is painted in a rich green & has its original slate roof. This property is perfect for an owner-occupant, for conversion to a single family or it could be a great long term investment.
Current Monthly Rent is as Follows:
#1 $1,200
#2 $875
#3 $895
#4 $1,250
Carriage House $1,025
Total Monthly: $5,245
Annual Rent: $62,940

Attachments & Files

anonymousreport2021-02-17085616785-ICH-VWN.pdf

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		15,613	109,433	263,241
Population Median Age		39	39	38
Population by Age	0-9 Yrs	1366 (8%)	10369 (9%)	31788 (12%)
	10-19 Yrs	1461 (9%)	11019 (10%)	29571 (11%)
	20-29 Yrs	3067 (19%)	20701 (18%)	44942 (17%)
	30-39 Yrs	2718 (17%)	17383 (15%)	37887 (14%)
	40-49 Yrs	1996 (12%)	12104 (11%)	29799 (11%)
	50-59 Yrs	2019 (12%)	14705 (13%)	34958 (13%)
	60-69 Yrs	1649 (10%)	12902 (11%)	29604 (11%)
	70+ Yrs	1336 (8%)	10248 (9%)	24692 (9%)

Median HH Income		$62,441	$47,301	$43,802
Total Household Income	< 24K	1258 (16%)	14305 (28%)	33265 (29%)
	25-49K	1679 (22%)	12124 (24%)	29170 (25%)
	50-74K	1412 (18%)	7589 (15%)	18392 (16%)
	75-99K	890 (11%)	5128 (10%)	10821 (9%)
	100-199K	1612 (21%)	8417 (16%)	15583 (13%)
	200K+	621 (8%)	2832 (5%)	5124 (4%)

Highest Education Level	No Diploma	393	6077	20529
	Diploma or GED	1574	15428	45618
	Some College	2139	16498	40845
	Assoc. Degree	504	4407	12232
	Bachelors Degree	3677	19271	34432
	Higher Degree	3320	16590	26974

Total Housing Units		8,259	56,844	129,508
--Owner-Occupied		3,797	24,678	55,910
--Renter-Occupied		3,676	25,716	56,444
Owner-Occupied Values	< 100K	209	3436	15978
	100-199K	990	8498	19102
	200-299K	1105	6043	9917
	300-399K	576	3017	4884
	400-499K	446	1504	2364
	500K+	471	2179	3665

Total Working Age Population		13,536	93,928	215,348
In Work Force		9,898	62,253	138,895
Not In Work Force		3,638	31,675	76,453
Workforce Employed		9,623	58,908	129,160
Workforce Unemployed		253	3,246	9,622
Civlian Workforce		9,876	62,154	138,782
Military Workforce		22	99	113

Total Households		7,473	50,394	112,354
Family Households		3,220	21,475	56,054
Non-Family Households		4,253	28,919	56,300
Married Couple		2,518	14,922	34,053
Other Family		702	6,553	22,002
Married w/Child		896	5,155	11,620
Single Male w/Child		89	812	2,256
Single Female w/Child		307	2,580	9,505

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Kentucky	4,041,769	+7	4,339,367	+4	4,533,464	+4	4,726,382
Jefferson County	693,604	+7	741,096	+7	790,010	+6	837,477
Indiana	6,080,485	+7	6,483,802	+4	6,738,573	+4	7,014,880
Clark County	96,472	+14	110,232	+9	119,944	+8	129,070

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.