NOT LISTED FOR SALE

407 E South St South Bend, IN 46601

Monroe Park Neighborhood
4 Beds
4 Baths
1,960 Sq Ft
7,231 Sq Ft Lot

Last Sold August 17, 2021

Last sale price $125,000 $64 Per Sq Ft

29 Days on Market

Highlights

  • Forced Air Heating System
  • Vinyl Flooring
  • 4-minute walk to James R. Sietz Park
  • Level Lot

About This Home

As of August 2021

Great income producing 4-plex! Bringing in over $2,100/ Month in rent! Each unit has been recently updated with newer flooring and paint. All 4 units are 1 Bed and 1 Baths, Fully occupied and Seller has not had any issue renting if it is vacated. This sale includes the adjacent lot. Also possible as a package with 412 E 4th st Mishawaka.

Last Agent to Sell the Property

Tyler Glenn

Tiffany Group Real Estate Advisors LLC Listed on: 04/26/2021

Last Buyer's Agent

Shondra Rulli

Greystone Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,800

Year Built

  • Built in 1912

Lot Details

  • 7,231 Sq Ft Lot
  • Lot Dimensions are 122 x 55
  • Level Lot

Home Design

  • Quadruplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, fuel, heating
  • The owner pays for lawn maintenance, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 71-08-12-330-011.000-026

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $29
  • Fuel Expense $592
  • Insurance Expense $1,500
  • Maintenance Expense $5,500
  • Trash Expense $280
  • Water Sewer Expense $1,408

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,800

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1912
  • Age: 109
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: W 1/2 LOT 5 JODONS SUB OF LOTS 21 & 22 DENNISTON & FELLOWS and LOT 5 E 1/2 JODONS SUB LOTS 21 & 22 DENNISTON & FELLOWS
  • Parcel Number ID: 71-08-12-330-011.000-026
  • Platted: Yes
  • Parcel Id2: 71-08-12-330-010.000-026
  • Sp Lp Percent: 69.44
  • Annual Miscellaneous: 2500
  • Monthly Gross Income: 1920
  • Special Features: None

Interior Features

  • Total Sq Ft: 2940
  • Total Finished Sq Ft: 1960
  • Above Grade Finished Sq Ft: 1960
  • Below Grade Sq Ft: 980
  • Price Per Sq Ft: 63.78
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Laminate, Vinyl
  • Total Below Grade Sq Ft: 980
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 29
  • Annual Fuel Expense: 592
  • Annual Insurance Expense: 1500
  • Annual Maintenance Expense: 5500
  • Annual Trash Expense: 280
  • Annual Water Sewer Expense: 1408

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Mckinley
  • Middle School: Jefferson
  • High School: Adams

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 122 x 55
  • Estimated Lot Sq Ft: 7231
  • Estimated Lot Size Acres: 0.166
  • Lot Number: 5

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Lawn Maintenance, Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Electric, Fuel, Heating

Tax Info

  • Total Assessed Value: 90000
  • Annual Property Tax: 1800

Multi Family

  • Gross Monthly Rent: 1920
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 4
  • Num Of Units Rented: 4

Range of Values:

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Sold Price
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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
08/17/2021 08/17/21 Sold $125,000 -30.6% $64 / Sq Ft
04/26/2021 04/26/21 For Sale $180,000 -- $92 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Glenn

    Seller's Agent in 2021

    Tyler Glenn

    Tiffany Group Real Estate Advisors LLC

    (574) 252-4111

    4 in this area

    114 Total Sales

    Tyler Glenn
    Section Image

  • S

    Buyer's Agent in 2021

    Shondra Rulli

    Greystone Real Estate

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202114147

Indiana Regional MLS
Indiana St Joseph County South Bend 46601 Monroe Park

407 E South St, South Bend, IN

This home is located at 407 E South St, South Bend, IN 46601 since 26 April 2021. This property was built in 1912. 407 E South St is a home located in St. Joseph County with nearby schools including Lincoln Elementary School, Navarre 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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