In this paper, three new low band gap Schiff bases were prepared by using 3-etoxy-4-hydroxybenzaldehyde and different o-phylene diamines. Then, these Schiff bases were converted to low band gap polyurethane derivatives, and their photophysical, electrochemical, thermal, mechanical and morphological properties were investigated. Photophysical properties of the compounds were investigated by using UV-Vis and photoluminescence (PL) spectroscopy. Electrochemical properties of Schiff bases and polyurethanes containing azomethine were investigated by using cyclic voltammetry (CV). Thermal decomposition and transitions were determined by using TG-DTA, DMA and DSC techniques, respectively. Morphological properties of the compounds were also determined by using scanning electron microscopy (SEM). SEM images showed that polyurethanes containing azomethine consist of semi-crystalline particles.