$160,000 Price Analysis   ♡   South Bend, IN 46613 6 bed 4 bath 2,992 SqFt ($53/SqFt) 7,096SqFt lot. Built 1890 Listed 2023-03-10, Taxes $3,093 | Ⓧ USDA Ineligible due to location near South Bend |
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* No Longer For Sale *
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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 un its. 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
Presented by Nicholas at
Cressy & Everett Real Estate.
Property MLS #202306937 from IRMLS
Bedrooms: 6
Total Bathrooms: 4
Full Bathrooms: 3
1/2 Bathrooms: 1
Full Bathrooms: 3
1/2 Bathrooms: 1
Laundry Features: # of Washers: 1, # of Dryers: 1
Cooling Features: Central Air, Window
Heating Features: Gas
Heating Features: Gas
Furnished Description: Building, Lease
Flooring: Carpet, Laminate
Flooring: Carpet, Laminate
Basement Description: Full Basement, Unfinished
Creek
Fencing: Chain Link
Lot Description: Level, Flood Plain
Lot Size Acres: 0.1629017
Lot Size Dimensions: 43'x165'
Lot Size Square Feet: 7096
Lot Size Acres: 0.1629017
Lot Size Dimensions: 43'x165'
Lot Size Square Feet: 7096
Garage Spaces: 4
Garage Description: Street
Garage Description: Street
Number of Buildings: 1
Number of Units: 4
Number of 1 Bedroom Units: 1
Number of 2 Bedroom Units: 1
Number of 3 Bedroom Units: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 3
Total Bathrooms in Unit-1: 0.5
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Rooms in Unit-1: 1
Total Rooms in Unit-2: 3
Total Rooms in Unit-3: 4
Total Rooms in Unit-4: 5
Unit-1 Square Feet: 748
Unit-2 Square Feet: 748
Unit-3 Square Feet: 748
Unit-4 Square Feet: 748
Unit 1 Total Actual Rent: 500
Unit 2 Total Actual Rent: 500
Unit 3 Total Actual Rent: 695
Unit 4 Total Actual Rent: 725
Number of Units: 4
Number of 1 Bedroom Units: 1
Number of 2 Bedroom Units: 1
Number of 3 Bedroom Units: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 3
Total Bathrooms in Unit-1: 0.5
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Rooms in Unit-1: 1
Total Rooms in Unit-2: 3
Total Rooms in Unit-3: 4
Total Rooms in Unit-4: 5
Unit-1 Square Feet: 748
Unit-2 Square Feet: 748
Unit-3 Square Feet: 748
Unit-4 Square Feet: 748
Unit 1 Total Actual Rent: 500
Unit 2 Total Actual Rent: 500
Unit 3 Total Actual Rent: 695
Unit 4 Total Actual Rent: 725
Elementary School: Lincoln
High School: Riley
Middle School: Marshall
School District: South Bend Community School Corp
High School: Riley
Middle School: Marshall
School District: South Bend Community School Corp
Riley High School is a public high school located approximately 0.4 miles away.
Map directions
Map directionsLincoln Elementary School is a public elementary school located approximately 1.2 miles away.
Map directions
Map directionsJackson Middle School is a public middle school located approximately 2 miles away.
Map directions
Map directionsCrossing Educational Center is a private middle and high school located approximately 0.3 miles away.
Map directions
Map directionsIncome Includes: 27600
Lease Term: 1 Year, Month to Month
Tenant Pays: Cooling, Electric, Fuel, Heating, Trash Collection, Water
Lease Term: 1 Year, Month to Month
Tenant Pays: Cooling, Electric, Fuel, Heating, Trash Collection, Water
Laundry Facilities
Community Features: Basement, Fenced Yard, Ceiling-9+, Deck Covered
Community Features: Basement, Fenced Yard, Ceiling-9+, Deck Covered
Maintenance Expense: 1620
Source Listing Status: Sold
County: St. Joseph County
Directions: Starting on US20 Bypass turn North onto Michigan St; Follow Michigan Street Ewing Ave.; Building is on East (Right) side of road a little past Ewing Ave.
Tax Year: 2020
Restrictions: No
Source Property Type: Fourplex
Source Neighborhood: Bowman(s)
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 3
Owner Pays: Building Insurance, Maintenance, Tax
Parcel Number: 71-08-13-379-003.000-026
Property Location: City/Town/Suburb
Subdivision: Bowman(s)
Township: Portage
Source System Name: C2C
County: St. Joseph County
Directions: Starting on US20 Bypass turn North onto Michigan St; Follow Michigan Street Ewing Ave.; Building is on East (Right) side of road a little past Ewing Ave.
Tax Year: 2020
Restrictions: No
Source Property Type: Fourplex
Source Neighborhood: Bowman(s)
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 3
Owner Pays: Building Insurance, Maintenance, Tax
Parcel Number: 71-08-13-379-003.000-026
Property Location: City/Town/Suburb
Subdivision: Bowman(s)
Township: Portage
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $83,000 + $8,000 $91,000 | $3,093 |
| 2021 | $76,400 + $9,400 $85,800 | $2,917 |
| 2020 | $76,600 + $9,400 $86,000 | $2,923 |
| 2018 | $67,100 + $9,400 $76,500 | $2,591 |
| 2017 | $64,900 + $9,400 $74,300 | $2,600 |
| 2016 | $64,900 + $9,400 $74,300 | $2,639 |
| 2015 | $65,400 + $9,400 $74,800 | $2,624 |
| 2015 | $63,500 + $9,400 $72,900 | $2,624 |
| 2013 | $65,400 + $9,400 $74,800 | $4,503 |
| 2012 | $65,300 + $9,400 $74,700 | $4,256 |
| 2011 | $62,600 + $14,600 $77,200 | $4,138 |
| 2010 | $62,600 + $14,600 $77,200 | $2,881 |
| 2009 | $65,800 + $14,900 $80,700 | $2,643 |
Listing removed 2024-05-29
$200,000
IRMLS
Price Changed 2024-04-29
$200,000
IRMLS
Listed 2024-03-27
$230,000
IRMLS
Sold 2023-03-24
$160,000
IRMLS
Listed 2023-03-10
$160,000
IRMLS
Listing removed 2022-09-13
$150,000
IRMLS
Sold 2020-06-15
$97,500
Public Record
Sold 2017-10-17
$57,000
Public Record
Listing removed 2017-08-28
$63,900
IRMLS
Listed 2017-04-03
$63,900
IRMLS
Sold 2009-01-29
$43,750
Public Record
$200,000
IRMLS
Price Changed 2024-04-29
$200,000
IRMLS
Listed 2024-03-27
$230,000
IRMLS
Sold 2023-03-24
$160,000
IRMLS
Listed 2023-03-10
$160,000
IRMLS
Listing removed 2022-09-13
$150,000
IRMLS
Sold 2020-06-15
$97,500
Public Record
Sold 2017-10-17
$57,000
Public Record
Listing removed 2017-08-28
$63,900
IRMLS
Listed 2017-04-03
$63,900
IRMLS
Sold 2009-01-29
$43,750
Public Record
Net Operating Income: 22980
Total Square Feet Living: 2992
Year Built: 1890
Above Grade Finished Area: 2992
Below Grade Unfinished Area: 1496
Property Age: 133
Roof: Flat, Rubber
Levels or Stories: 2
House Style: Two Story
Total Area Main: 1496
Total Area Sqft: 4488
Total Area Upper: 1496
Total Below Grade Area: 1496
Year Built: 1890
Above Grade Finished Area: 2992
Below Grade Unfinished Area: 1496
Property Age: 133
Roof: Flat, Rubber
Levels or Stories: 2
House Style: Two Story
Total Area Main: 1496
Total Area Sqft: 4488
Total Area Upper: 1496
Total Below Grade Area: 1496
Sewer: City
City
City
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.