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840 E Chestnut St

Louisville, KY
Total Size
6,857 sqft
Year Constructed
Year Renovated
Building Class
Class B

About 840 E Chestnut St

This building is great for an owner-occupant, such as a contractor, insurance agent, accountant, lawyer or any small office or retail user who would like to offset the cost of occupancy with additional income from multi-family rentals on second floor.

There is approximately 3,900 square feet of very nice first floor office space, with a small storefront on E. Chestnut. The space has lots of built-in bookcases and cabinetry, nice trim and pocket doors, ceiling fans, a large full kitchen/breakroom, as well as a rollup door and loading dock with storage in the back.

It also has 3 1-bedroom apts on second floor, all presently leased for $460 (approx. 500 sf), $525 (approx. 650 sf.), and $525 (approx. 650 sf), respectively, for a total of $ 1,520 monthly income (for apts. only). Clearly, this income could offset nicely any expense to an owner-occupant using the first floor.

Or, for an investor, the first floor offices have previously been rented for $2,500 net per month, or just under $8 per square foot, (or $7.70 to be exact). If both floors were fully leased, at a total of $4,020 per month, or $48,240 annual gross income. - Parking description: On street - Area description: In the stable, and rapidly improving Phoenix Hill area, close to hospitals, downtown and the ever popular Highlands area attractions, in a good mix of office, retail and residential buildings, on a bus line. - Number of buildings: 1 - Class of space: Class B - Tenancy: Multiple Tenants

Internet Providers for 840 E Chestnut St

Provider Technology Max Download Speed Max Upload Speed
Time Warner Cable Cable
100 Mb/s
6 Mb/s DSL
25 Mb/s
1.5 Mb/s
AT&T Kentucky DSL
25 Mb/s
1.5 Mb/s
MegaPath Corporation DSL
25 Mb/s
25 Mb/s

The Neighborhood: Phoenix Hill

Most listings are in the $10's per square foot per year. The Phoenix Hill region is going through a a boost in rates. In the last 3 months, the median rate increased $20 per sqft per year. That's a Inf% rise in rent.

Compared to the rest of the Louisville market, the Phoenix Hill submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Median Rate Median Size
Phoenix Hill $20
Median Rate Median Size
Louisville $21

Median Rate over Time in Phoenix Hill