NOT LISTED FOR SALE

1520 Portage Ave South Bend, IN 46616

Keller Park Neighborhood

Estimated Value: $122,000 - $202,885

3 Beds
3 Baths
3,289 Sq Ft
$50/Sq Ft Est. Value

Last Sold July 02, 2024

Last sale price $183,000 $56 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $1,141/month

69 Days on Market

Highlights

  • Corner Lot
  • Tile Flooring
  • Forced Air Heating and Cooling System

About This Home

As of July 2024

Unique investment opportunity just minutes from down town South Bend. This fully occupied building includes 2 Office spaces with frontage on Portage and a two story 3 Bedroom 1 bath residential house in the back facing Queen St. House has some updates including newer HVAC. Currently pulling in 1,250 per month in rent, this property offers flexibility and good cash flow.

Last Agent to Sell the Property

Tyler Glenn

Tiffany Group Real Estate Advisors LLC Listed on: 01/02/2024

Last Buyer's Agent

Marsha Kellogg

Open Door Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,979

Year Built

  • Built in 1920

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 51x118
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Laminate Countertops
  • Unfinished Basement

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Schools

  • Muessel Elementary School
  • Edison Middle School
  • Clay High School

Utilities

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

Listing and Financial Details

  • Tenant pays for electric, fuel, sewer, trash collection, water
  • The owner pays for building insurance, lawn maintenance, maintenance
  • Assessor Parcel Number 71-03-35-377-001.000-026

Community Details

Overview

  • 3 Units
  • North West / Northwest Subdivision

Building Details

  • 3 Separate Electric Meters
  • Insurance Expense $5,121
  • Maintenance Expense $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,979

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1920
  • Age: 104
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 1
  • Total Number of Half Bathrooms: 2
  • Legal Description: LOT 116 EX 56.9 FT E END 2ND PLAT OF NORTHWEST ADD
  • Parcel Number ID: 71-03-35-377-001.000-026
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Countertops-Laminate
  • Inside City Limits: Yes
  • Sp Lp Percent: 91.5
  • Annual Miscellaneous: 2460
  • Monthly Gross Income: 2050
  • Year Taxes Payable: 2023
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 3939
  • Total Finished Sq Ft: 3289
  • Above Grade Finished Sq Ft: 3289
  • Below Grade Sq Ft: 650
  • Price Per Sq Ft: 55.64
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Carpet, Tile, Vinyl
  • Total Below Grade Sq Ft: 650
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 1
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Brick, Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 5121
  • Annual Maintenance Expense: 2000
  • Number Electric Meters: 3

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Muessel
  • Middle School: Edison
  • High School: Clay
  • Elementary School: Muessel

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 51X118
  • Estimated Lot Sq Ft: 5227
  • Estimated Lot Size Acres: 0.12
  • Lot Number: 116

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance
  • Tenant Pays: Electric, Fuel, Sewer, Trash Collection, Water

Tax Info

  • Total Assessed Value: 107100
  • Annual Property Tax: 2979

Multi Family

  • Gross Monthly Rent: 2050
  • Number Of Refrigerators: 1
  • Number Of Units: 3
  • Number Of 3 Bedrooms: 1
  • Num Of Efficiencies: 2
  • Num Of Units Rented: 3

MLS Schools

  • High School: Clay
  • Middle School: Edison
  • School District: South Bend Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2025
Sold by
Marmolejos Jairo and Jkf Real Estate Investment Llc
Bought by
Luten Quincy Joseph and Luten Afomia
Current Estimated Value
$165,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,300
Outstanding Balance
$184,300
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
-$13,501

Purchase Details

Listed on
Jan 2, 2024
Closed on
Jul 12, 2024
Sold by
Site Three Holdings Llc and Colton Enterprises Llc
Bought by
Jkf Real Estate Investment Llc and Marmolejos
Seller's Agent
Tyler Glenn
Tiffany Group Real Estate Advisors LLC
Buyer's Agent
Marsha Kellogg
Open Door Realty, Inc
List Price
$200,000
Sold Price
$183,000
Premium/Discount to List
-$17,000
-8.5%
Views
142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.77%
Original Mortgage
$134,250
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2022
Sold by
200 South Jackson Street Llc
Bought by
Site Three Holdings Llc and Colton Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2021
Sold by
St Joseph County Clerk
Bought by
200 South Jackson Street Llc

Purchase Details

Closed on
Apr 10, 2019
Sold by
1520 Portage Ave Land Trust
Bought by
Fewell William and Fewell Barbara

Purchase Details

Closed on
May 9, 2018
Sold by
Make Evansville Great Again Llc
Bought by
1520 Portage Avenue Land Trust

Purchase Details

Closed on
May 3, 2018
Sold by
Make Evansville Great Again Ll
Bought by
Trt 1520 Portage Ave Land

Purchase Details

Closed on
Mar 14, 2018
Sold by
St Joseph County
Bought by
Make Evansville Great Again Ll

Purchase Details

Closed on
Feb 25, 2011
Sold by
Lauer Richard K and Lauer Louise E
Bought by
Fewell William D and Fewell Barbara A
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Luten Quincy Joseph -- None Listed On Document
Jkf Real Estate Investment Llc -- Near North Title Group
Site Three Holdings Llc -- Drake Andrew R
200 South Jackson Street Llc -- None Available
Fewell William -- None Available
1520 Portage Avenue Land Trust -- None Listed On Document
Trt 1520 Portage Ave Land -- None Available
Make Evansville Great Again Ll $7,880 None Listed On Document
Fewell William D -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luten Quincy Joseph $184,300
Previous Owner Jkf Real Estate Investment Llc $134,250
Previous Owner Site Three Holdings Llc $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2024 07/02/24 Sold $183,000 -8.5% $56 / Sq Ft
03/11/2024 03/11/24 Pending -- -- --
01/02/2024 01/02/24 For Sale $200,000 -- $61 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,962 $106,900 $8,100 $98,800
2023 $2,962 $107,100 $8,100 $99,000
2022 $2,979 $107,100 $8,100 $99,000
2021 $2,791 $100,200 $9,700 $90,500
2020 $2,791 $100,200 $9,700 $90,500
2019 $2,300 $97,200 $9,800 $87,400
2018 $2,628 $97,200 $9,800 $87,400
2017 $2,701 $96,000 $9,800 $86,200
2016 $2,750 $96,000 $9,800 $86,200
2014 $2,785 $95,200 $9,800 $85,400
Source: Public Records

Agents Affiliated with this Home

  • Tyler Glenn

    Seller's Agent in 2024

    Tyler Glenn

    Tiffany Group Real Estate Advisors LLC

    (574) 252-4111

    3 in this area

    114 Total Sales

    Tyler Glenn
    Section Image

  • M

    Buyer's Agent in 2024

    Marsha Kellogg

    Open Door Realty, Inc

    (574) 207-7777

    1 in this area

    33 Total Sales

    Marsha Kellogg
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202400245

Indiana Regional MLS

APN: 71-03-35-377-001.000-026

Indiana St Joseph County South Bend 46616 Keller Park

1520 Portage Ave, South Bend, IN

This home is located at 1520 Portage Ave, South Bend, IN 46616 since 02 January 2024 and is currently estimated at $165,295, approximately $50 per square foot. This property was built in 1920. 1520 Portage Ave is a home located in St. Joseph County with nearby schools including Muessel Primary Center, Edison Middle School, and Clay 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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