Sold692d on marketHistoric · 106 yrs
2508 Mishawaka Ave
South Bend, IN, 46615 • River Park • Saint Joseph County
$154,900
$74/sqft
8Beds
3Baths
2,082Sqft
0.13 acLot
1920Built
Property DNA
Character Home
Built 1920 · 106 years of history
Berner Grove
River Park
This home is getting attention
Listed 692 days ago · 4 views
Market activity
Demand and pricing signals for this listing
4 views
People checking out this listing
692 days on market
Established listing
$74/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 26% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1920 · Historic
This property offers a total of 6 income-producing units along with an office or storage space, providing a robust cash flow of over $2,000 per month. The unit mix includes 4 studio units, with 3 currently rented, and two 1-bedroom units, all of which are fully rented out. Income Potential: With a strong rental history and long-term tenants, this property presents a stable income stream for investors. Convenient Location: Situated in a convenient location, the property offers easy access to amenities and transportation, enhancing its appeal to tenants. Low Vacancy Rates: The current occupancy rate indicates high tenant satisfaction and suggests low turnover, reducing the risk of income loss. Investment Opportunity: This property represents an excellent investment opportunity for those seeking stable rental income. With a solid cash flow and a mix of unit types, it provides diversification and income stability.
Estimated monthly payment
Based on current rates
$1,017/month
Principal & Interest$810
Property Tax$155
Insurance$52
Down payment20% ($30,980)
3%50%
Est. 6.83% rate · 30yr fixed · $123,920 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1920
HeatingNatural Gas
CoolingNone
Parking0 spaces
Property
Home typeMulti Family
Sub-typeMulti Family
Year built1920
Stories2
Systems
HeatingNatural Gas
CoolingNone
ConstructionAluminum Siding
Water / SewerCity / City
Parking & Outdoor
BasementFull
Lot5,662 sqft
Location & Tax
NeighborhoodRiver Park
Annual tax$1,230
Parcel710917104002000026
Bathrooms & Fees
Full baths3
Features & details
6 categories of property features
Interior Features
Flooring
Carpet
Heating
Natural Gas
Cooling
None
Exterior Features
Construction
Aluminum Siding
Lot Features
Irregular Lot
Other Structures
None
Listing insights
Market data and value estimates
StatusSold
Days on market692
Est. value$211,900
Est. rent$1,602/mo
Tax rate0.92%
Price/sqft$74
On marketMay 17, 2024
PostedMay 17, 2024
Last sold$154,900
MLS statusClosed
MLS updatedMay 16, 2024
Tour days6
Views4
How are the schools in South Bend?
3 schools rated nearby
Location
South Bend, IN, 46615
Price history
5 events
DateEventPrice$/sqftSource
May 16, 2024Sold$154,900—IRMLS
May 2, 2024Pending Sale$154,900—IRMLS
Apr 10, 2024Price Change$154,900—IRMLS
Apr 4, 2024Price Change$159,900—IRMLS
Mar 17, 2024Listed For Sale$165,000—IRMLS
Sold$154,900
May 16, 2024•IRMLS
Pending Sale$154,900
May 2, 2024•IRMLS
Price Change$154,900
Apr 10, 2024•IRMLS
Price Change$159,900
Apr 4, 2024•IRMLS
Listed For Sale$165,000
Mar 17, 2024•IRMLS
Tax history
19 years of records
YearTax paidAssessed value
Apr 9, 2024$1,187$67,300
Apr 9, 2023$1,195$49,800
Apr 9, 2022$970$49,800
Apr 9, 2021$969$40,400
Apr 9, 2020$806$40,400
Apr 9, 2019$972$40,300
Apr 9, 2018$1,037$40,700
Apr 9, 2017$1,058$39,900
Apr 9, 2016$1,014$39,900
Apr 9, 2014$1,035$55,100
Apr 9, 2013$1,260$48,100
Apr 9, 2012$1,246$47,400
Apr 9, 2011$1,021$38,800
Apr 9, 2010$1,171$43,800
Apr 9, 2009$918$35,700
Apr 9, 2007—$79,000
Apr 9, 2006$2,381$59,000
Apr 9, 2003$2,166$82,490
Apr 9, 2001—$7,830
Nearby homes
Neighborhood details
Local context around this listing
South Bend, IN • Saint Joseph County
Nearby neighborhoods
Council OakGeorgetownLasalle AreaNear NorthwestNortheastNws Cooperative AllianceRiver ParkRum VillageSoutheast QualityWestside
Nearby cities
BremenGrangerGulivoire ParkLakevilleMishawakaNew CarlisleNorth LibertyOsceola
Nearby zip codes
46601466134661446615466164661746619466284663546637
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