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Property view

1518 Lincoln Way West, 
South Bend, IN 46628

$187,000


4

Beds


4

Baths


4,284

Sq Ft


Multi-Family

Sold

Listed by

Stephen Dijulius, Cell: 574-250-0893

St. Joseph Realty Group

MLS#

202600833

Source:

Indiana Regional MLS

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About This Home

1518 Lincoln Way West

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.

Home Facts

Multi-Family

4 Baths

4 Bedrooms

Built in 1928

Subdivision & Development:

Pleasant Homes

Price Summary

199,900

$46 per Sq. Ft.

MLS #:

202600833

Sold:

April 3, 2026


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

4,284 Sq. Ft.


Structure

Structure

Architectural Style:

Two Story

Building Area:

4,284 Sq. Ft.

Year Built:

1928


Lot

Lot Size (Sq. Ft):

4,356


Finances & Disclosures

Finances

Price:

$199,900

Price per Sq. Ft:

$46 per Sq. Ft.

Source:Indiana Regional MLS
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.