1601 Evanston Ave Hot Springs, SD 57747
Estimated payment $7,955/month
Highlights
- 1.5 Acre Lot
- Baseboard Heating
- Carpet
About This Home
HUD Section 8 (HAP Contract) for sale in Hot Springs, SD! Unit Mix: Four (4) one-bedroom/one-bathroom units, twelve (12) two-bedroom/one-bathroom units; and four (4) three-bedroom/one-bathroom units. Owner responsibility: Water, sewer, trash removal, repairs/maintenance, lawn care, and snow removal. Tenant responsibility: Electric, phone, cable, and internet. Unit Amenities: Stove, refrigerator, air conditioning, electric baseboard/cove heat, carpet/vinyl floor coverings, and mini-blinds. Property Amenities: Off-street parking, two (2) laundry rooms, playground (new fence installed around playground (October 2025) / picnic area, on-site office (currently not being used), on-site maintenance room. Section 8 Coverage (# units / %): 20 units / 100%. Section 8 Contract #: SD99-H001-066. Renewal Option: Option 4. Term / Expiration: 20 Years / April 30, 2040. Elderly / Family: Family. Management Occupancy Review (MOR): Above-Average (July 2025). REAC: 97c (December 2022). 100% Project-Based Section 8 rental subsidy. The property is currently financed through a HOME Loan. There may be an opportunity for the purchaser to assume the existing HOME debt, subject to approval by the South Dakota Housing Development Authority (SDHDA). Jeff Brooks is a licensed real estate broker in the State of South Dakota and part of the selling entity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,926
Year Built
- Built in 1978
Parking
- Paved Parking
Home Design
- Composition Roof
Interior Spaces
- 18,048 Sq Ft Home
- 3-Story Property
- Carpet
Home Security
- Security Lights
- Fire and Smoke Detector
Schools
- Hot Springs Elementary School
- Hot Springs Middle School
- Hot Springs High School
Additional Features
- 1.5 Acre Lot
- Baseboard Heating
Community Details
- 20 Units
- Other Outside Jurisdiction Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,926 | $957,527 | $226,860 | $730,667 |
| 2024 | $24,194 | $957,527 | $226,860 | $730,667 |
| 2023 | $20,837 | $1,388,922 | $180,253 | $1,208,669 |
| 2022 | $18,295 | $1,192,080 | $78,720 | $1,113,360 |
| 2021 | $17,362 | $933,000 | $78,720 | $854,280 |
| 2020 | $17,514 | $871,240 | $70,920 | $800,320 |
| 2019 | $16,623 | $871,240 | $70,920 | $800,320 |
| 2018 | $16,207 | $796,820 | $70,920 | $725,900 |
| 2017 | $14,117 | $759,610 | $70,920 | $688,690 |
| 2016 | -- | $642,380 | $54,380 | $588,000 |
| 2015 | -- | $642,380 | $54,380 | $588,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/08/2026 03/08/26 | Pending | -- | -- | -- |
| 11/15/2025 11/15/25 | For Sale | $1,250,000 | -- | $69 / Sq Ft |
Source: REALTOR® Association of the Sioux Empire
MLS Number: 22508614
APN: 75100-00300-002-00
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