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$120,000   Price Analysis
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617 Rex St
South Bend, IN 46616
3 bed 2 bath 2,020 SqFt ($59/SqFt)
5,663SqFt lot. Built 1890
Listed 2024-06-29, Taxes $1,382		Ⓧ USDA Ineligible
due to location
near South Bend

Great investment opportunity a few blocks from downtown in the popular Park Avenue neighbrhood!

* Sale Pending *

Solid fully-occupied duplex ready for a new owner to start cash-fl owing.

Currently rented for $1, 825/mo. Tons of potential for appreciation and value add. Agents, see remarks.


Presented by Drew Overmyer at
At Home Realty Group.


Property MLS #202424039 from IRMLS

Bedrooms: 3

Total Bathrooms: 2 / 0
Full Bathrooms: 2

Cooling Features: Window
Fuel Expense: 900
Heating Features: Forced Air

Furnished Description: Building, Lease
Flooring: Carpet, Wood

Basement Description: Partial Basement, Unfinished

Lot Description: 0-2.9999
Lot Size Acres: 0.1300046
Lot Size Dimensions: 48X120
Lot Size Square Feet: 5663

Garage Spaces: 2

Elementary School: Muessel
High School: Clay
Middle School: Edison
School District: South Bend Community School Corp

Muessel Elementary School is a public elementary school located approximately 0.4 miles away.
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Edison Intermediate Center is a public middle school located approximately 2.6 miles away.
directions icon Map directions

Clay High School is a public high school located approximately 3.2 miles away.
directions icon Map directions

St Joseph High School is a private high school located approximately 0.7 miles away.
directions icon Map directions

Number of Units: 2
Number of 1 Bedroom Units: 1
Number of 2 Bedroom Units: 1

Income Includes: 21900
Lease Term: 1 Year
Tenant Pays: Electric

Maintenance Expense: 1500

Community Features: Basement

Annual Tax Amount: 1450
Source Listing Status: Pending
County: St. Joseph County
Directions: N side of Rex E of Portage
Source Property Type: INVESTMENT
Insurance Expense: 700
Owner Pays: Building Insurance, Sewer, Tax, Trash Collection, Water
Parcel Number: 71-08-02-261-029.000-026
Township: Portage
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2022$40,200 + $17,400
$57,600		$1,382
2021$36,600 + $10,100
$46,700		$1,164
2020$36,700 + $10,100
$46,800		$1,167
2018$32,400 + $9,700
$42,100		$1,049
2017$32,100 + $9,700
$41,800		$1,085
2016$40,400 + $27,300
$67,700		$1,768
2015$70,100 + $9,700
$79,800		$1,072
2015$31,500 + $9,700
$41,200		$1,072
2013$70,100 + $9,700
$79,800		$4,804
2012$70,700 + $9,700
$80,400		$4,581
2011$36,200 + $5,500
$41,700		$2,235
2010$36,200 + $5,500
$41,700		$1,072
2009$36,200 + $5,500
$41,700		$1,254

Listed 2024-06-29
$120,000
IRMLS
Listing removed 2016-06-04
$700
AppfolioUnits
Listed for rent 2016-05-26
$700
AppfolioUnits
Sold 2016-04-14
$32,000
Public Record
Listing removed 2016-03-31
$41,900
SouthBend
Listing removed 2016-02-20
$41,900
SouthBend
Relisted 2015-12-03
$41,900
SouthBend
Relisted 2015-12-03
$41,900
SouthBend
Listing removed 2015-11-12
$41,900
SouthBend
Listing removed 2015-11-12
$41,900
SouthBend
Relisted 2015-01-07
$41,900
SouthBend
Relisted 2015-01-07
$41,900
SouthBend
Listing removed 2015-01-06
$41,900
SouthBend
Listing removed 2015-01-06
$41,900
SouthBend
Relisted 2014-08-22
$41,900
SouthBend
Relisted 2014-08-22
$41,900
SouthBend
Listing removed 2014-07-14
$41,900
SouthBend
Listing removed 2014-07-11
$41,900
SouthBend
Relisted 2014-04-10
$41,900
SouthBend
Relisted 2014-04-10
$41,900
SouthBend
Listing removed 2014-03-29
$41,900
SouthBend
Listing removed 2014-03-29
$41,900
SouthBend
Listing removed 2013-10-18
$41,900
SouthBend
Listing removed 2013-10-18
$41,900
SouthBend
Listing removed 2013-10-13
$41,900
IRMLS
Listing removed 2013-10-13
$41,900
IRMLS
Price Changed 2013-09-25
$41,900
SouthBend
Price Changed 2013-09-25
$41,900
SouthBend
Listed 2013-08-15
$41,900
SouthBend
Listed 2013-08-15
$41,900
IRMLS
Listed 2013-08-15
$44,900
SouthBend
Listed 2013-08-13
$41,900
SouthBend
Listed 2013-08-13
$41,900
IRMLS
Listed 2013-08-13
$44,900
SouthBend

Net Operating Income: 15550

Total Square Feet Living: 2020
Year Built: 1890
Above Grade Finished Area: 2020
Below Grade Unfinished Area: 926
Property Age: 134
Levels or Stories: 1
Structure Type: Duplex
House Style: One Story
Total Area Sqft: 2946
Total Below Grade Area: 926

Sewer: City
City
Water Sewer Expense: 1800
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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.