1541 Kentucky St, Lawrence, KS 66044

Truly a rare opportunity, 1541 is one of two vintage homes located adjacent to each other in the Oread Conservation Overlay District for sale. The zoning recently changed to R-4, a high-density residential district. The home was purchased by the current owner in 1995 and has been cared for and improved extensively over the last 30 years. It has been a consistent source of income and housing for KU students. The home is currently leased through August 1, 2026, at $3,600 per month. The tenants pay for the utilities. It is currently configured with 3 apartments on each floor. The basement is shared by all residents where the washer and dryer are. Home shares a driveway with 1543 Kentucky and has plenty of parking. Both homes have been renovated and ready for continued use as income producing properties. The house is an excellent candidate for conversion to a congregate-living house with the abundance of parking and possibility of reconfiguring the interior spaces. A preliminary site plan has been drawn up and can be made available to interested parties. Location Location Location and who’s next?