$66,488Average Value$62Average Price per Sq Ft5Homes For Sale
An old section of Lima facing the effects of deindustrialization
Once the site of the Lima Locomotive Works, Southside Lima has a history intertwined with local industry. Since its manufacturing heyday in the early 20th century, the neighborhood shares some of the socioeconomic struggles faced by other Rust Belt communities as deindustrialization took over Ohio. But lower property values and a promising future make the Southside a viable alternative to Lima’s pricier downtown. “The Southside is getting a lot of redevelopment," says Realtor Seth Ciminillo with the Dye Real Estate & Land Company. "People are going in there to fix up homes and improve housing and living conditions. More and more capital development is hitting Southside Lima.”
Southside Lima is a suburban community located near downtown Lima.
Many of the historic homes in Southside Lima have been renovated.
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Vintage properties offer investment and renovation opportunities
The Southside’s oldest homes were built from 1900 to 1920, although a handful of 1960s and ’70s properties share the streetscape. Ranch-style, Foursquare and bungalow styles remained popular over the years, and the quiet residential streets often feature abundant foliage, sidewalk access and expansive front lawns. Some homes have fallen on hard times and are now in need of renovation; however, with home prices ranging from $15,000 to $112,000, many are ripe for investment opportunities. Other properties were renovated as recently as the early 2020s, featuring new carpets, new roofs and other upgrads.
Foursquares in Southside Lima are a popular option for residents.
Residents of Southside Lima have plenty of housing options including refurbished homes.
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Grocery options are just 5 minutes away
Southside sits about a mile and a half from downtown’s retail scene, and it does not share the diverse dining options of neighborhoods closer to the urban core. Apart from the local Dollar General, residents can make the 5-minute drive to the Save a Lot supermarket.
Come to Winans Coffee and Chocolate in Southside Lima for a sweet treat and an espresso drink.
There are plenty of chain retail options in Southside Lima such as Dollar General.
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Two parks offer space for outdoor recreation
The Southside is bordered by green spaces on two sides. Cook Park to the north includes a tree-shaded bike path and a playground. To the south, Foundry Park has pathways that loop around a small lake and connect to three basketball courts, a baseball diamond and a playground. The Southside is also just a 5-minute drive from parks along the Ottawa River, where sports facilities and riverside biking trails are open to the public.
Cook Park is a great spot to play shoot hoops with friends.
Foundry Park - 7
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Students learn in a musical atmosphere at Lima Senior High
“The Southside is in Lima’s school district, which has a really good sports program. This year, they had a great basketball team that went far,” Ciminillo says. Students start their education at Unity Elementary School, which receives a C rating from Niche. Lima North Middle School scores a C-minus and Lima West Middle School a C. Lima Senior High School, which scores a C-plus, has a wide selection of audition-only music programs, from a jazz band to men's and women’s choruses. The school’s musical tradition was made famous by the hit television series “Glee,” although the name of the high school was changed for the show.
Unity Elementary School is a public school in the city of Lima, Ohio.
Lima Senior High School is a public high school located in Lima, Ohio.
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Keeping safe in Southside
With a CAP Index score of 5, Southside Lima has a slightly higher risk of crime than national numbers, including a risk of violent crime double the national average. The Lima Police Department engages with the community through the “Safety City” youth program and a BikeGuard registry to protect bicycles from being stolen.
Health care and downtown Lima just a short drive away
The Southside connects to downtown Lima via St Johns Avenue, which offers a 5-minute trip into the heart of the city. The neighborhood is also served by the Allen County Regional Transit Authority’s buses. The nearest hospital, St. Rita’s Medical Center, is a 10-minute drive.
GreatSchools:
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On average, homes in Southside Lima, Lima sell after 21 days on the market compared to the national average of 52 days. The median sale price for homes in Southside Lima, Lima over the last 12 months is $60,000, up 26% from the median home sale price over the previous 12 months.
This 3-bedroom, 1.5-bath home offers 1,230 sq ft of living space and is priced at just $40,000, presenting an excellent opportunity for both homeowners and investors.For the owner-occupant, this property provides an affordable path to homeownership with plenty of room to add your own style and updates. With some renovations, it can be transformed into a comfortable and personalized home
Step into a beautifully remodeled classic home with modern updates. This charming 3-bedroom, 2-bath residence has been thoughtfully improved and is move-in ready. With approximately 1,500 square feet of finished living space across one and a half stories, the home features a spacious main floor and a partial upper level, providing flexibility for families, guests, or home office use. Originally
This vacant 3-bedroom, 1-bath single-family home offers approximately 979 sq ft of living space and strong cash flow potential. With the flexibility to set market rent, this property presents an excellent opportunity for investors to generate income from day one. The home features a practical layout and includes off-street parking. Conveniently located near schools, parks, shopping, and major
All apartments are nice clean 2 bedroom, 2 bathroom units with central heat, central AC, and unfinished basements containing washer/dryer hookups.Property has parking right outside the unit and a yard in the center of the community.Tenants provide their own appliances or they can be included for a separate rent. Tenants pay utilities.1-2 months security deposit required
This newly updated Bi-Level 3 Bed 1 Bath home is now available for rent! Great neighborhood, close to schools, shops and interstate. 4th bedroom in basement. Large, partial fenced in yard for your outdoor activities.
Renovated home for lease with three bedrooms and one bath. Off-street parking. Spacious backyard. Tenant pays all utilities, $250 Water deposit required.
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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
