435 S Illinois St

Welcome to 435 S Illinois Street, a proven income‑producing property located in the heart of South Bend's west side (46619). This 2‑bedroom, 1‑bath home is the ideal addition to any investor's portfolio-whether you're just getting started or expanding your footprint in one of the region's most consistent rental markets. Refurbished thoughtfully in 2023 with brand new HVAC system and further enhanced with upgraded flooring in 2025, the home offers a clean, updated interior that appeals to tenants and minimizes maintenance headaches for owners. With a reliable long‑term tenant already in place and Section 8 housing assistance providing steady, on‑time rent payments, this property delivers the kind of instant, predictable cash flow investors value most. No vacancy, no rent‑up period, no guesswork-just immediate returns from day one. Inside, the property features a functional layout with comfortable living spaces, an efficient kitchen, and two well‑sized bedrooms. The partially finished basement opens the door to future value‑add potential: create a third bedroom, a home office, or a recreational space-ideal for increasing future rent potential and long‑term equity. Flexibility like this is rare at this price point, and the next owner gets to control how far to take it. Outside, the property offers something every tenant loves but not every home provides-private rear‑drive access with off‑street parking. Whether tenants have multiple vehicles, prefer private entry, or simply want the convenience of dedicated parking, this arrangement makes the home highly desirable and easier to lease year after year. The financial picture is just as attractive. With low property taxes, low insurance costs, and no HOA, your operating expenses stay lean. Investors seeking dependable performance will appreciate the favorable expense‑to‑income ratio and the long‑term potential of a well‑maintained single‑family asset in a stable rental corridor. Properties like this are increasingly rare: updated, occupied, compliant with housing authority requirements, and already cash‑flowing. Whether you're a seasoned landlord or just stepping into your first investment, 435 S Illinois Street offers the simplicity, security, and scalability you need. Everything is already in motion-maintenance is up to date, upgrades are complete, the tenant is settled, and the income is consistent. All that's left is for the next owner to step in and enjoy the returns. A real estate commission is offered, making this an attractive opportunity for agents and brokers with investor clients seeking a strong, turnkey asset. Don't miss your chance to own a dependable income producer in a growing rental market. Opportunities like this don't last long-contact your real estate professional today to learn more about viewing, financials, or adding this home to your portfolio.