1518 Lincoln Way West, South Bend, IN 46628

South Bend
Local realty services provided by:Better Homes and Gardens Real Estate Connections
1518 Lincoln Way West,South Bend, IN 46628
$199,900
Virtual Tour
  • 4 Beds
  • 4 Baths
  • 4,284 sq. ft.
  • Multi-family
  • Pending
Listed by: stephen dijulius
Office: st. joseph realty group
MLS#:202600833
Source:Indiana Regional MLS

Price summary

  • Price:$199,900
  • Price per sq. ft.:$46.66

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.

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Home facts

  • Year built:1928
  • Listing ID #:202600833
  • Added:48 day(s) ago
  • Updated:February 25, 2026 at 08:34 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Partial Carpet, Vinyl Tile, Wood
  • Basement Description:Slab
  • 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
  • Lot Features:Corner, Level
  • Architectural Style:Two Story
  • Construction Materials:Brick
  • Levels:2 Stories

Schools

  • High school:Riley
  • Middle school:Clay
  • Elementary school:Madison

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$199,900
  • Price per sq. ft.:$46.66
  • Tax amount:$2,211

Features and amenities

  • Laundry features:Washer Hook-Up
  • Amenities:Detector-Smoke
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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