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Monroe Park Multifamily Home for Sale

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    $99,900

    • 3 Beds
    • 2 Baths
    • 1,888 Sq Ft

    604 E South St, South Bend, IN 46601

    Investor alert! This solid duplex in South Bend offers immediate income with upside potential. The lower unit is a large 1 bed/1 bath with a long-term tenant recently renewed through June 2026. The upper unit is a 2 bed/1 bath, currently vacant, has been cleaned and is functional but could benefit from a light cosmetic refresh. Great chance to add a performing asset to your portfolio with a

    Stephen DiJulius St. Joseph Realty Group

    604 E South St, South Bend, IN 46601

Why Live in Monroe Park

Monroe Park, a historic neighborhood in South Bend, is located near the St. Joseph River and south of downtown. The area features a mix of century-old homes, industrial buildings, and office spaces. Known for its proximity to downtown and major roads, Monroe Park offers easy access to main streets and highways. Homes in the neighborhood are generally $100,000 less expensive than the South Bend Metro average, attracting many investors who often convert large multifamily houses into rental units. Despite some homes falling into disrepair or being demolished, the remaining structures showcase South Bend's history with Victorian mansions, worker's cottages, and American Foursquares lining cobblestone streets. Monroe Park Apartments and new developments have revitalized parts of the neighborhood. Residents enjoy nearby Southeast Neighborhood Park, which includes a playground, basketball court, pavilion, and splash pad. Howard Park, accessible via a pedestrian bridge, offers lighted walking trails, a large playground, and transforms into an ice-skating rink in winter. Local dining options include South Bend Brew Werks, a family-owned brewpub, and Roselily, an upscale eatery known for its seasonal cuisine. Specialty food markets like Super Mercado Rosales and Saigon Market are within a mile, while Save A Lot is a mile northwest. The South Bend Farmer's Market, just across the river, provides fresh produce and artisanal goods three days a week. Monroe Park is also within walking distance of Four Winds Field, home to the South Bend Cubs. Schools in the area include Lincoln Elementary, Jackson Middle School, and Riley High School, one of the most diverse public high schools in Indiana.

Home Trends in Monroe Park, IN

Housing Trends

Median Sale Price
$265,000
Median Single Family Sale Price
$107,450
Median Townhouse Sale Price
$200,000
Average Price Per Sq Ft
$201
Number of Homes for Sale
1
Last 12 months Home Sales
5
Months of Supply
2.40
Median List Price
$237,450
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
-61%
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