NOT LISTED FOR SALE

1521 W Lincolnway Hwy W South Bend, IN 46628

Near Northwest Neighborhood
2 Beds
4 Baths
3,216 Sq Ft
0.25 Acres

Last Sold January 04, 2023

Last sale price $95,000 $30 Per Sq Ft

6 Days on Market

Highlights

  • 0.25 Acre Lot
  • Forced Air Heating System
  • Level Lot
  • Adams High School Rated A-

About This Home

As of January 2023

Your opportunity to own 2 store fronts, 2 attached apartments and a 3 car garage for under 90k! This 4 unit, brick building & attached home, has 2 store fronts, one is currently a clothing store 1521 LWW. The 2nd storefront, is 1523 LWW. The attached, all Brick home has 2 apartments. Home has a full, unfinished Basement with a separate entrance and a detached, 3 car garage. The 1 bedroom apartment 1521 1/2, is on the main level, and includes 1 bedroom, living room, formal dining room, kitchen and bathroom. The 2nd apartment upstairs, 1523 1/2 LWW, includes 2 Bedrooms, a living room, kitchen & bathroom. Zoned, Mixed Use. 3 units have gas-forced air furnaces. 1 storefront has a heater/blower fan. All units have a gas water heater. Home has 4 separate gas meters. 3 of the 4 leases are on month to month. 1 lease is in place until 8/23. Currently, the total combined monthly rent = $2,200. Tenants pay all utilities except for water and trash, which are included in rent. 48 Notice and Proof of Funds Required for all showings! Building is being sold as-is. Fenced in area next to the building does not belong to this property.

Last Agent to Sell the Property

Brenda Alvarez

Legacy Real Estate Brokers Listed on: 12/09/2022

Last Buyer's Agent

Brenda Alvarez

Legacy Real Estate Brokers Listed on: 12/09/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 43 x 147
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

  • Madison Elementary School
  • Dickinson Middle School
  • Washington High School

Utilities

  • Multiple Heating Units
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for trash collection, water
  • Assessor Parcel Number 71-08-02-301-026.000-026

Community Details

Overview

  • 4 Units

Pet Policy

  • Pet Restriction

Building Details

  • Trash Expense $200
  • Water Sewer Expense $1,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1922
  • Age: 100
  • Style: Two Story
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 4
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 2
  • Legal Description: S Pt S Of Alley Lot 10 Samuel Smith East
  • Parcel Number ID: 71-08-02-301-026.000-026
  • Platted: Yes
  • Amenities: Fireplace, Water Heater Gas
  • Sp Lp Percent: 105.67
  • Monthly Gross Income: 2200
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 3756
  • Total Finished Sq Ft: 3216
  • Above Grade Finished Sq Ft: 3216
  • Below Grade Sq Ft: 540
  • Price Per Sq Ft: 29.54
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Total Below Grade Sq Ft: 540
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heating Fuel: Gas, Forced Air, Multiple Heating Systems
  • Sewer: City
  • Water Utilities: City
  • Annual Trash Expense: 200
  • Annual Water Sewer Expense: 1000
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 43 X 147
  • Estimated Lot Sq Ft: 10890
  • Estimated Lot Size Acres: 0.25

Rental Info

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electric, Heating

Multi Family

  • Gross Monthly Rent: 2200
  • Number Of Refrigerators: 2
  • Number Of Units: 4
  • Num Of1 Bedrooms: 2
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 2522.9

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
01/04/2023 01/04/23 Sold $95,000 +5.7% $30 / Sq Ft
12/15/2022 12/15/22 Pending -- -- --
12/09/2022 12/09/22 For Sale $89,900 -- $28 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brenda Alvarez

    Seller's Agent in 2023

    Brenda Alvarez

    Legacy Real Estate Brokers

    (574) 274-7699

    1 in this area

    162 Total Sales

    Brenda Alvarez
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Map

Source: Indiana Regional MLS

MLS Number: 202249270

Indiana Regional MLS
Indiana St Joseph County South Bend 46628 Near Northwest

1521 W Lincolnway Hwy W, South Bend, IN

This home is located at 1521 W Lincolnway Hwy W, South Bend, IN 46628 since 09 December 2022. This property was built in 1922. 1521 W Lincolnway Hwy W is a home located in St. Joseph County with nearby schools including Muessel Primary Center, Dickinson Fine Arts Academy, and Adams 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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