$79,000
SOLD MAY 6, 2016

1518 Lincoln Way W South Bend, IN 46628

Lincoln Park Neighborhood
4 Beds
4 Baths
4,284 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$18 Per Sq Ft

7% Below List Price

164 Days on Market

About This Home

As of July 2021

PRICE REDUCED! GREAT OPPORTUNITY TO OWN THIS FULLY LEASED FOURPLEX BUILDING NEAR DOWNTOWN SOUTH BEND. WELL MAINTAINED, TWO STORY, ALL BRICK BUILDING. APPROX. 4,284 SQ. FT. TOTAL WITH 4 SEPARATE UNITS. ALL UNITS HAVE 1 BEDROOM, EAT-IN KITCHEN AND LIVING ROOM. SOME FEATURES INCLUDE NEWER FURNACE, WATER HEATER, AND WINDOWS AS WELL AS ON-SITE LAUNDRY AREA, GREAT OFF STREET PARKING, AND EASY ACCESS. TENANT PAYS ELECTRIC. OWNER PAYS MAINTENANCE, SEWER, TRASH COLLECTION, WATER, AND HEATING. SELLER'S JUST RECENTLY REPLACED THE ROOF. PREFERABLY AFTERNOON SHOWINGS OR LATER (NO MORNING SHOWINGS) AND 24 HOUR NOTICE REQUIRED. ZONED MU: MIXED USE.

Last Agent to Sell the Property

John Piraccini

Coldwell Banker Real Estate Group Listed on: 10/12/2015

Coldwell Banker Real Estate Group

Last Buyer's Agent

Daniel Funk

Ryan Gerig Real Estate, LLC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,900

Year Built

  • Built in 1928

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 42x115

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 10 Parking Spaces
  • Off-Street Parking

Schools

  • Coquillard Elementary School
  • Dickinson Middle School
  • Washington High School

Utilities

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

Listing and Financial Details

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

Community Details

Overview

  • 4 Units

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $900
  • Maintenance Expense $600
  • Water Sewer Expense $1,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,900

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1928
  • Age: 88
  • 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: Off Street Parking
  • Cross Street: Wilber
  • Sp Lp Percent: 93.05
  • Monthly Gross Income: 1600
  • Year Taxes Payable: 2016
  • Special Features: None

Interior Features

  • Total Sq Ft: 4998
  • Total Finished Sq Ft: 4284
  • Above Grade Finished Sq Ft: 4284
  • Below Grade Sq Ft: 714
  • Price Per Sq Ft: 18.44
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Carpet, Ceramic Tile
  • Total Below Grade Sq Ft: 714
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Brick
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 10

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 900
  • Annual Maintenance Expense: 600
  • Annual Water Sewer Expense: 1800

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Dimensions: 42x115
  • Estimated Lot Sq Ft: 4356
  • Estimated Lot Size Acres: 0.1

Rental Info

  • Owner Pays: Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Electric, Fuel

Tax Info

  • Tax Code: Tax Code 18-S.B. Portage
  • Annual Property Tax: 1900

Multi Family

  • Gross Monthly Rent: 400
  • Number Of Dryers: 1
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Number Of 4 Bedrooms: 1
  • Num Of Units Rented: 4

MLS Schools

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

Range of Values:

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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

    159 Total Sales

    Kelly Schaffer
    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

    84 Total Sales

    Marybeth Erichsen
    Section Image
  • John Piraccini

    Seller's Agent in 2016

    John Piraccini

    Coldwell Banker Real Estate Group

    73 Total Sales

    John Piraccini
    Section Image

  • D

    Buyer's Agent in 2016

    Daniel Funk

    Ryan Gerig Real Estate, LLC.

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201548118

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 and is currently priced at $79,000, approximately $18 per square foot. 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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