1518 Lincoln Way West

South Bend IN 46628

4284 sq. ft.

4356 sq. ft.

Duplex

Last sold for $187,000

Stephen DiJulius, last sold this property on 03 April 2026 after 64 days on market.

Overview

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.

Features

4 bedrooms

4 bathrooms

6 carspaces

6 open car spaces

4284 sq. ft. floor area

4356 sq. ft. lot size

Duplex

Estimated Value

We need at least 3 similar 4 bedroom duplexes sold in South Bend over the last 12 months.

Property history for 1518 Lincoln Way West

2026

Sold

$187,000

03 Apr 2026 by Stephen DiJulius, of St. Joseph Realty Group

2021

Sold

$152,000

09 Jul 2021 by Kelly Schaffer, of Cressy & Everett Real Estate - Elkhart

2019

Sold

$85,000

31 May 2019 by Marybeth Erichsen, of Cressy & Everett Real Estate - South Bend

Happy sellers in South Bend

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