1518 Lincoln Way West, South Bend, IN 46628
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: stephen dijulius
Office: st. joseph realty group
MLS#:202600833
Source:Indiana Regional MLS
Price summary
- Price:$209,000
- Price per sq. ft.:$48.79
About this home
Investor opportunity! Well-maintained fully occupied 4-plex in Northwest South Bend offering stable in-place income with upside through rent optimization. All units are 1 bed / 1 bath on 1-year leases, making this a clean, scalable portfolio addition. Current gross rents approx. $2,925/month, with below-market rents and a strong rental history showing prior rents as high as $900–$1,100/month, providing clear room for growth. The property has been consistently maintained and does not require major rehab, allowing a new owner to step in without heavy capital expenditures. Located on a high-visibility corridor in a working-class pocket of Northwest South Bend, this asset is well suited for investors focused on cash flow, workforce housing, and portfolio growth. A large off-street parking lot adds meaningful tenant appeal and long-term stability. Seller is completing minor common-area improvements, including a window replacement and fresh paint.
Contact an agent
Home facts
- Year built:1928
- Listing ID #:202600833
- Added:1 day(s) ago
- Updated:January 09, 2026 at 01:45 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Living area:4,284 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
Structure and exterior
- Year built:1928
- Building area:4,284 sq. ft.
- Lot area:0.1 Acres
Schools
- High school:Riley
- Middle school:Clay
- Elementary school:Madison
Utilities
- Water:City
- Sewer:City
Finances and disclosures
- Price:$209,000
- Price per sq. ft.:$48.79
- Tax amount:$2,211
New listings near 1518 Lincoln Way West
- New
$189,900Active3 beds 1 baths990 sq. ft.19624 Palisade Avenue, South Bend, IN 46637
MLS# 202600826Listed by: REALTY PLUS, INC. - New
$206,000Active4 beds 2 baths1,984 sq. ft.806 32nd Street, South Bend, IN 46615
MLS# 202600803Listed by: MILESTONE REALTY, LLC - New
$199,000Active3 beds 1 baths1,392 sq. ft.1514 Viking Drive, South Bend, IN 46628
MLS# 202600791Listed by: BERKSHIRE HATHAWAY HOMESERVICES NORTHERN INDIANA REAL ESTATE - New
$145,000Active2 beds 1 baths720 sq. ft.18764 Auten Road, South Bend, IN 46637
MLS# 202600792Listed by: IRISH REALTY - New
$139,900Active4 beds 1 baths1,188 sq. ft.3311 Ardmore Trail, South Bend, IN 46628
MLS# 202600788Listed by: IRISH REALTY - New
$95,000Active2 beds 2 baths1,242 sq. ft.926 N Adams Street, South Bend, IN 46628
MLS# 202600747Listed by: BIG REALTY SERVICES, LLC - New
$5,000Active0.1 Acres321 E Bowman Street, South Bend, IN 46613
MLS# 202600750Listed by: OPEN DOOR REALTY, INC - New
$92,500Active1 beds 11 baths1,296 sq. ft.1747 N Meade Street, South Bend, IN 46628
MLS# 202600754Listed by: OPEN DOOR REALTY, INC - New
$95,000Active3 beds 2 baths1,068 sq. ft.20099 Brick Road, South Bend, IN 46637
MLS# 202600729Listed by: BIG REALTY SERVICES, LLC