NOT LISTED FOR SALE

1518 Lincoln Way W South Bend, IN 46628

Lincoln Park Neighborhood
4 Beds
4 Baths
4,282 Sq Ft
4,522 Sq Ft Lot

Last Sold July 09, 2021

Last sale price $152,000 $35 Per Sq Ft

10 Days on Market

Highlights

  • Wood Flooring
  • Laundry Facilities
  • Level Lot
  • Forced Air Heating and Cooling System

About This Home

As of July 2021

Great Investment Opportunity! This would make a great addition to any investor's portfolio! This Fourplex is completely rented out and is just waiting for new owners. **Offers due by 9:00am Sunday May 16th**

Last Agent to Sell the Property

Kelly Schaffer

ADT Realty Listed on: 05/07/2021

ADT Realty

Last Buyer's Agent

Shondra Rulli

Greystone Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,486

Year Built

  • Built in 1928

Lot Details

  • 4,522 Sq Ft Lot
  • Lot Dimensions are 42x115
  • Level Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 8 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for sewer, tax, water
  • Assessor Parcel Number 71-08-02-308-003.000-026

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $600
  • Insurance Expense $612
  • Maintenance Expense $600
  • Water Sewer Expense $2,400

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,486

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1928
  • Age: 93
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: LOT 46 PLEASANT HOME ADD
  • Parcel Number ID: 71-08-02-308-003.000-026
  • Platted: Yes
  • Amenities: Basement
  • Sp Lp Percent: 101.4
  • Monthly Gross Income: 2298
  • Special Features: None

Interior Features

  • Total Sq Ft: 4996
  • Total Finished Sq Ft: 4282
  • Above Grade Finished Sq Ft: 4282
  • Below Grade Sq Ft: 714
  • Price Per Sq Ft: 35.5
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Block
  • Flooring: Carpet, Wood
  • Total Below Grade Sq Ft: 714
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Brick
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 8
  • Parking: Lot, Off Street

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: South Bend Municipal Util
  • Annual Electric: 600
  • Annual Insurance Expense: 612
  • Annual Maintenance Expense: 600
  • Annual Water Sewer Expense: 2400
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Common Amenities: Laundry Facilities
  • Pet Restrictions: Yes

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Coquillard
  • Middle School: Dickinson
  • High School: Washington

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 42x115
  • Estimated Lot Sq Ft: 4522
  • Estimated Lot Size Acres: 0.1038

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Sewer, Tax, Water
  • Tenant Pays: Electric, Fuel

Multi Family

  • Gross Monthly Rent: 2250
  • Number Of Dryers: 1
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 4
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 1486

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2021 07/09/21 Sold $152,000 +1.4% $35 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $149,900 +76.4% $35 / Sq Ft
05/31/2019 05/31/19 Sold $85,000 +1.2% $20 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
05/17/2019 05/17/19 For Sale $84,000 +6.3% $20 / Sq Ft
05/06/2016 05/06/16 Sold $79,000 -7.1% $18 / Sq Ft
03/24/2016 03/24/16 Pending -- -- --
10/12/2015 10/12/15 For Sale $85,000 -- $20 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kelly Schaffer

    Seller's Agent in 2021

    Kelly Schaffer

    ADT Realty

    (574) 612-8602

    1 in this area

    167 Total Sales

    Section Image

  • S

    Buyer's Agent in 2021

    Shondra Rulli

    Greystone Real Estate

    Section Image
  • Marybeth Erichsen

    Seller's Agent in 2019

    Marybeth Erichsen

    Cressy & Everett - South Bend

    (574) 299-6795

    85 Total Sales

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  • John Piraccini

    Seller's Agent in 2016

    John Piraccini

    Coldwell Banker Real Estate Group

    75 Total Sales

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  • D

    Buyer's Agent in 2016

    Daniel Funk

    Ryan Gerig Real Estate, LLC.

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202116380

Indiana Regional MLS

Indiana St Joseph County South Bend 46628 Lincoln Park

1518 Lincoln Way W, South Bend, IN

This home is located at 1518 Lincoln Way W, South Bend, IN 46628 since 07 May 2021. This property was built in 1928. 1518 Lincoln Way W is a home located in St. Joseph County with nearby schools including Muessel Primary Center, Dickinson Fine Arts Academy, and Washington High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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