$144,500
SOLD JUN 3, 2021
6 Beds
4 Baths
6,882 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$21 Per Sq Ft

10% Below List Price

Highlights

  • 0.2 Acre Lot
  • Fenced Yard
  • Level Lot
  • Wood Flooring
  • Forced Air Heating System
  • 3-minute walk to James R. Sietz Park

About This Home

As of June 2021

100% Occupied Fourplex! Make money from the get go, this building currently pulls in over $2,500/ Month in rent. Packed full of features to make it very desirable for renters. It is full of beautiful original wood work, hardwood floors and 2 Fireplaces! Also possible as a package with 601 South St, South Bend and 412 E 4th st Mishawaka.

Last Agent to Sell the Property

Tyler Glenn

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

Co-Listed By

Joseph Tiffany

Tiffany Group Real Estate Advisors LLC

Last Buyer's Agent

Lee Clark

Realty Plus, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,950

Year Built

  • Built in 1920

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132
  • Fenced Yard
  • Level Lot

Home Design

  • Quadruplex
  • Wood Siding

Interior Spaces

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

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 6 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 building insurance, lawn maintenance, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 71-08-12-329-010.000-026

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $1,473
  • Fuel Expense $1,868
  • Insurance Expense $1,000
  • Maintenance Expense $1,260
  • Trash Expense $337
  • Water Sewer Expense $1,229

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,950

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1920
  • Age: 101
  • Style: Two and Half Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: LOT 15 & 11 FT N SIDE LOT 14 JODONS SUB OF LOTS 21 & 22 DENNISTON & FELLOWS
  • Parcel Number ID: 71-08-12-329-010.000-026
  • Platted: Yes
  • Amenities: Fenced Yard, Fireplace
  • Sp Lp Percent: 90.31
  • Annual Miscellaneous: 4800
  • Monthly Gross Income: 2685
  • Special Features: None

Interior Features

  • Total Sq Ft: 9176
  • Total Finished Sq Ft: 6882
  • Above Grade Finished Sq Ft: 6882
  • Below Grade Sq Ft: 2294
  • Price Per Sq Ft: 21
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Wood, Vinyl
  • Total Below Grade Sq Ft: 2294
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Wood
  • Stories: 3

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1473
  • Annual Fuel Expense: 1868
  • Annual Insurance Expense: 1000
  • Annual Maintenance Expense: 1260
  • Annual Trash Expense: 337
  • Annual Water Sewer Expense: 1229
  • Number Of W D Hookups: 2

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 66x132
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2
  • Lot Number: 15

Rental Info

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

Tax Info

  • Total Assessed Value: 148200
  • Annual Property Tax: 2950

Multi Family

  • Gross Monthly Rent: 2685
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 3
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 4

Similar Homes in South Bend, IN

  • 602 E Dayton St, South Bend, IN 46613

    $184,900

    • 6 Beds
    • 4 Baths
    • 2,192 Sq Ft
    • 602 E Dayton St
    • South Bend, IN

    Investor alert! Great opportunity to acquire a performing 4-plex at a great price! Popular location just steps from Riley High School and local fields and parks. New construction homes being built all around. 3 out of 4 units currently occupied. Currently bringing in over $2,000/mo with a potential for even more. Newer roof and vinyl siding on the exterior. Don't miss your opportunity on this one!

    Drew Overmyer At Home Realty Group

    Section Image
  • 617 Portage Ave, South Bend, IN 46616

    $170,000

    • 4 Beds
    • 2 Baths
    • 1,624 Sq Ft
    • 617 Portage Ave
    • South Bend, IN

    Great income producing property subject to tenant rights, please do not disturb. Total gross monthly income is $1600.

    Valerie Swihart Pyramid Realty LLC

    Section Image
  • 3312 Mishawaka Ave, South Bend, IN 46615

    $185,000

    • 4 Beds
    • 2 Baths
    • 1,824 Sq Ft
    • 3312 Mishawaka Ave
    • South Bend, IN

    This is an excellent investment opportunity for those looking to generate rental income or live in one unit while renting out the other to get into home ownership at less cost. This two-story duplex features a lower unit that is currently rented to reliable tenants, 3 bedroom, 1 bath providing immediate cash flow. The upper level has 1 bedroom and 1 bath and has been recently renovated and is

    David Perry RE/MAX 100

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
06/03/2021 06/03/21 Sold $144,500 -9.7% $21 / Sq Ft
04/26/2021 04/26/21 Pending -- -- --
04/26/2021 04/26/21 For Sale $160,000 +45.5% $23 / Sq Ft
01/16/2018 01/16/18 Sold $110,000 -11.9% $24 / Sq Ft
11/13/2017 11/13/17 Pending -- -- --
08/15/2017 08/15/17 For Sale $124,900 -- $27 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202114148

Indiana Regional MLS