Home For Sale In South Bend, Indiana

house for sale

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Listed: 03/23/24

Peterson Insurance Agency, Mishawaka Avenue, South Bend, IN 46615, USA

8 Bed:

3 Bath:

2,082 Sq Ft Living Area:

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Price

$ 165,000

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About This House

Welcome to this income-producing 7-unit multi-family property located in the heart of South Bend. This property offers a mix of studio apartments and 1-bedroom units, perfect for investors seeking a stable rental income stream. Unit Breakdown:4 Studio Apartments: 2 currently rented, 2 vacant 2 1-Bedroom, 1-Bathroom Apartments: Fully rented 1 Vacant Office Space: Ready to rent. Situated in a convenient location, close to amenities, schools, and transportation, making it attractive to potential tenants. Investment Potential: With a portion of the units already rented and the remaining units ready for occupancy, this property presents an excellent investment opportunity with the potential for increased cash flow. Don't miss out on this chance to own a lucrative income-producing property in South Bend.

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Houses for sale in South Bend

Original listing

South Bend Housing & Living

Average sale prices for houses

2 bed

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
Mar 2024	$95,216 (0%)
Feb 2024	$95,216 (0%)
Jan 2024	$95,216 (0%)
Dec 2023	$95,216 (-23.1%)
Nov 2023	$123,764 (-1.6%)
Oct 2023	$125,739 (+20%)

In March 2024, the asking price for 2 bed houses for sale in/near South Bend, United States averaged $95,216, staying on the same level compared to the previous month.

Median price trends for properties for sale in South Bend, United States as of March 2024.

Household Income

Median household income: $37,441

Number of households: 39,025

The average household income in South Bend, IN grew from $35,758 to $37,441 in the past year. This data is an estimate based upon 39,025 households in South Bend, IN.
The chart below presents how household income is distributed in South Bend, IN in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: <$800

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in South Bend, IN compared to median property taxes around the country. The prevalent amount of property taxes in South Bend, IN equals <$800 , which is less than the national average.