NOT LISTED FOR SALE

2212 S Michigan St South Bend, IN 46613

Southeast South Bend Neighborhood

Estimated Value: $146,000

6 Beds
3.5 Baths
2,992 Sq Ft
$49/Sq Ft Est. Value

Last Sold March 24, 2023

Last sale price $160,000 $53 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $1,052/month

5 Days on Market

Highlights

  • 10 Feet of Waterfront
  • Covered Deck
  • Central Air
  • Fenced Yard
  • Ceiling height of 9 feet or more
  • Laundry Facilities

About This Home

As of March 2023

Paging all investors! This is how empires are built! This mixed-use property is located in downtown South Bend and is a rare turn-key opportunity with a recent history of over $2,300 a month in gross monthly rental income from a store front and three apartment units. Shop has been in operation for almost 20 years! Electric and gas are metered individually. Property has been proudly maintained and updated regularly. Each apartment includes fridge, oven, and water heater. Coin operated laundry in basement. Main level is currently vacant and ready for new tenants! Do not let this opportunity slip by! **No showings until Tuesday 3/14"**

Last Agent to Sell the Property

Nick Benninghoff

Cressy & Everett - South Bend Listed on: 03/10/2023

Cressy & Everett - South Bend

Last Buyer's Agent

Miya Edwards

Cressy & Everett - South Bend

Cressy & Everett - South Bend

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,000

Year Built

  • Built in 1890

Lot Details

  • 7,096 Sq Ft Lot
  • Lot Dimensions are 43'x165'
  • 10 Feet of Waterfront
  • Creek or Stream
  • Fenced Yard
  • Chain Link Fence
  • Level Lot

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Rubber Roof
  • Asphalt
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling height of 9 feet or more

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 4 Parking Spaces
  • On-Street Parking

Schools

  • Lincoln Elementary School
  • Marshall Middle School
  • Riley High School

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heating System Uses Gas

Additional Features

  • Covered Deck
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cooling, electric, fuel, heating, trash collection, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 71-08-13-379-003.000-026

Community Details

Overview

  • 4 Units
  • Bowman Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Maintenance Expense $1,620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,000

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Waterfront: Yes
  • Year Built: 1890
  • Age: 133
  • Style: Two Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 4
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Legal Description: LOT 68 BOWMANS 4TH ADD
  • Parcel Number ID: 71-08-13-379-003.000-026
  • Platted: Yes
  • Amenities: Basement, Fenced Yard, Ceiling-9+, Deck Covered
  • Cross Street: Ewing Ave.
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Zoning Description: Mixed Use
  • Monthly Gross Income: 2300
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 4488
  • Total Finished Sq Ft: 2992
  • Above Grade Finished Sq Ft: 2992
  • Below Grade Sq Ft: 1496
  • Price Per Sq Ft: 53.48
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Carpet, Laminate
  • Main Level Sq Ft: 1496
  • Total Below Grade Sq Ft: 1496
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Asphalt, Vinyl
  • Roof Material: Flat, Rubber
  • Fence: Chain Link
  • Water Frontage: 10
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Street

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: South Bend Municipal Util
  • Water Type: Creek
  • Annual Maintenance Expense: 1620
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Of W D Hookups: 1
  • Number Water Meters: 3

Condo/Co-op/Association

  • Common Amenities: Laundry Facilities
  • Pet Restrictions: Yes

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Lincoln
  • Middle School: Marshall
  • High School: Riley
  • Elementary School: Lincoln

Lot Info

  • Lot Description: Level, Flood Plain
  • Lot Dimensions: 43'x165'
  • Estimated Lot Sq Ft: 7096
  • Estimated Lot Size Acres: 0.16

Rental Info

  • Lease Term: Month to Month, 1 Year
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Cooling, Electric, Fuel, Heating, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 2300
  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 4
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 3000

MLS Schools

  • High School: Riley
  • Middle School: Marshall
  • School District: South Bend Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2023
Closed on
Mar 24, 2023
Sold by
Pinnacle Wealth Investments Llc
Bought by
Jordan River Realty Llc
Seller's Agent
Nick Benninghoff
Cressy & Everett - South Bend
Buyer's Agent
Miya Edwards
Cressy & Everett - South Bend
List Price
$160,000
Sold Price
$160,000
Views
77
Current Estimated Value
$146,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,000
Avg. Annual Appreciation
9.00%
Original Mortgage
$180,000
Interest Rate
6.32%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 8, 2020
Sold by
Clear Choice Rentals Llc
Bought by
Pinnacle Wealth Investments Llc

Purchase Details

Closed on
Sep 29, 2017
Sold by
Midland Ira Inc
Bought by
Clear Choice Rentals Llc

Purchase Details

Closed on
Jan 16, 2009
Sold by
Vogler William
Bought by
Ryfi Holdings Llc and American Pension Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
5.19%
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Jordan River Realty Llc $160,000 None Listed On Document
Pinnacle Wealth Investments Llc -- Fidelity National Title
Clear Choice Rentals Llc -- Metropolitan Title
Ryfi Holdings Llc -- Metropolitan Title In Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Jordan River Realty Llc $180,000
Previous Owner Ryfi Holdings Llc $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Sold $160,000 0.0% $53 / Sq Ft
03/15/2023 03/15/23 Pending -- -- --
03/10/2023 03/10/23 For Sale $160,000 -- $53 / 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 $3,079 $83,300 $8,000 $75,300
2023 $3,094 $91,000 $8,000 $83,000
2022 $3,094 $91,000 $8,000 $83,000
2021 $2,917 $85,800 $9,400 $76,400
2020 $2,924 $86,000 $9,400 $76,600
2019 $2,580 $86,000 $9,400 $76,600
2018 $2,592 $76,500 $9,400 $67,100
2017 $2,601 $74,300 $9,400 $64,900
2016 $2,639 $74,300 $9,400 $64,900
2014 $2,703 $74,800 $9,400 $65,400
Source: Public Records

Agents Affiliated with this Home

  • Nick Benninghoff

    Seller's Agent in 2023

    Nick Benninghoff

    Cressy & Everett - South Bend

    (574) 233-6141

    2 in this area

    111 Total Sales

    Section Image
  • Miya Edwards

    Buyer's Agent in 2023

    Miya Edwards

    Cressy & Everett - South Bend

    (574) 339-5802

    1 in this area

    80 Total Sales

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202306937

Indiana Regional MLS

APN: 71-08-13-379-003.000-026

Indiana St Joseph County South Bend 46613 Southeast South Bend

2212 S Michigan St, South Bend, IN

This home is located at 2212 S Michigan St, South Bend, IN 46613 since 10 March 2023 and is currently estimated at $146,000, approximately $48 per square foot. This property was built in 1890. 2212 S Michigan St is a home located in St. Joseph County with nearby schools including Lincoln Elementary School, Jackson Middle School, and Riley 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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