NOT LISTED FOR SALE

2711 S Michigan St South Bend, IN 46614

Estimated Value: $40,000 - $109,000

6 Beds
3 Baths
3,248 Sq Ft
$23/Sq Ft Est. Value

Last Sold November 03, 2023

Last sale price $38,000 $12 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $560/month

59 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • Carpet

About This Home

As of November 2023

Cash-flowing triplex! Great opportunity to own this south side cash cow. Rents total $1,325/mo. Needs TLC but a fantastic option for investors! **Agents, see remarks**

Last Agent to Sell the Property

Drew Overmyer

At Home Realty Group Listed on: 08/29/2023

Last Buyer's Agent

Drew Overmyer

At Home Realty Group Listed on: 08/29/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 50x165

Parking

  • 6 Parking Spaces

Home Design

  • Triplex
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • 1 Bedroom in Basement

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Schools

  • Monroe Elementary School
  • Jackson Middle School
  • Riley High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for building insurance, sewer, tax, trash collection, water
  • Assessor Parcel Number 71-08-24-153-011.000-026

Community Details

Overview

  • 3 Units

Building Details

  • Fuel Expense $1,800
  • Insurance Expense $1,200
  • Maintenance Expense $4,000
  • Water Sewer Expense $1,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1910
  • Age: 113
  • Style: Two Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Lot 28 Oakside 2nd
  • Parcel Number ID: 71-08-24-153-011.000-026
  • Platted: Yes
  • Number Below Grade Bedrooms: 1
  • Sp Lp Percent: 95
  • Monthly Gross Income: 1325
  • Year Taxes Payable: 23/24
  • Special Features: None

Interior Features

  • Total Sq Ft: 3651
  • Total Finished Sq Ft: 3248
  • Above Grade Finished Sq Ft: 3248
  • Below Grade Sq Ft: 403
  • Price Per Sq Ft: 11.7
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Carpet, Laminate
  • Total Below Grade Sq Ft: 403
  • Number Of Microwaves: 3
  • Number Of Ranges Ovens: 3
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Cooling: Window
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 1800
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 4000
  • Annual Water Sewer Expense: 1800
  • Number Of W D Hookups: 1

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Monroe
  • Middle School: Jackson
  • High School: Riley
  • Elementary School: Monroe

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 50x165
  • Estimated Lot Sq Ft: 8276
  • Estimated Lot Size Acres: 0.19

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Electric, Fuel

Multi Family

  • Gross Monthly Rent: 1325
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1600

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2023
Closed on
Nov 2, 2023
Sold by
Lockwitz John
Bought by
Invision 360 Properties Llc
Seller's Agent
Drew Overmyer
At Home Realty Group
Buyer's Agent
Drew Overmyer
At Home Realty Group
List Price
$59,000
Sold Price
$38,000
Premium/Discount to List
-$21,000
-35.59%
Total Days on Market
59
Views
275
Current Estimated Value
$74,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,500
Avg. Annual Appreciation
62.58%
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
Invision 360 Properties Llc $38,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2023 11/03/23 Sold $38,000 -5.0% $12 / Sq Ft
10/27/2023 10/27/23 Pending -- -- --
10/16/2023 10/16/23 Price Changed $40,000 -13.0% $12 / Sq Ft
10/05/2023 10/05/23 Price Changed $46,000 -6.1% $14 / Sq Ft
09/22/2023 09/22/23 Price Changed $49,000 -9.3% $15 / Sq Ft
09/06/2023 09/06/23 Price Changed $54,000 -8.5% $17 / Sq Ft
08/29/2023 08/29/23 For Sale $59,000 -- $18 / 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 $1,981 $77,700 $6,900 $70,800
2023 $1,865 $77,700 $6,900 $70,800
2022 $1,865 $77,700 $6,900 $70,800
2021 $1,567 $62,600 $2,800 $59,800
2020 $1,560 $63,200 $2,800 $60,400
2019 $827 $39,200 $2,600 $36,600
2018 $979 $39,200 $2,600 $36,600
2017 $1,012 $38,900 $2,600 $36,300
2016 $1,033 $38,900 $2,600 $36,300
2014 $1,009 $62,000 $2,600 $59,400
Source: Public Records

Agents Affiliated with this Home

  • Drew Overmyer

    Seller's Agent in 2023

    Drew Overmyer

    At Home Realty Group

    (574) 299-3184

    569 Total Sales

    Drew Overmyer
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Map

Source: Indiana Regional MLS

MLS Number: 202331198

Indiana Regional MLS

APN: 71-08-24-153-011.000-026

Indiana St Joseph County South Bend 46614

2711 S Michigan St, South Bend, IN

This home is located at 2711 S Michigan St, South Bend, IN 46614 since 29 August 2023 and is currently estimated at $74,500, approximately $22 per square foot. This property was built in 1910. 2711 S Michigan St is a home located in St. Joseph County with nearby schools including Monroe Primary Center, 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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