When you think of a waterfall you think of it away from homes and such but this one is around subdivision.
I am sure if you live around there you would visit this quite a bit.
To reach the falls from the Lincoln M. Alexander Parkway, head west until the Parkway ends and becomes Mud St. Turn left immediately onto Paramount the second time you cross it. Turn right onto Audobon, and look for the park on your right.