**PLEASE SUBMIT HIGHEST AND BEST OFFERS BY SUNDAY, FEBRUARY 22 AT 5 PM.** Don’t miss this exceptional income-producing property, perfect for investors seeking immediate cash flow. This property features a duplex and separate carriage house for a total of three rentable units, all of which are currently occupied. This riverfront property combines steady rental income with long-term appreciation potential. The exterior has been freshly painted, and HVAC systems have recently been replaced, offering peace of mind and reduced maintenance costs. Each unit showcases the charm with thoughtful updates throughout, blending character with comfort. The detached carriage house includes a large garage below, providing additional storage. Tenants pay all utilities. A turnkey investment with charm, updates, and solid fundamentals — this is a rare opportunity to own a fully leased, multi-unit riverfront property.
Closed
$192,500
1236 Lincoln Way E, South Bend, IN 46601
5beds
2,477sqft
Duplex
Built in 1897
-- sqft lot
$168,700 Zestimate®
$--/sqft
$1,498 Estimated rent
Home value
$168,700
$160,000 - $177,000
$1,498/mo
Zestimate® history
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$961/mo
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Zillow last checked:
Listing updated:
Listed by:
Nicholas Bickel 574-850-1498,
Weichert Rltrs-J.Dunfee&Assoc.
Bought with:
Nicholas Bickel, RB16000351
Weichert Rltrs-J.Dunfee&Assoc.
Source: IRMLS,MLS#: 202605186
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air
Features
- Flooring: Mixed
- Basement: Full
Interior area
- Total structure area: 3,661
- Total interior livable area: 2,477 sqft
- Finished area above ground: 2,477
- Finished area below ground: 0
Property
Parking
- Total spaces: 5
- Parking features: Attached
- Has attached garage: Yes
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Frontage Lot, River
- Body of water: Saint Joseph River
- Frontage length: Water Frontage(100)
Lot
- Size: 0.25 Acres
- Dimensions: 100X110.5
- Features: Level
Details
- Additional structures: None
- Parcel number: 710918153008.000026
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Wood Siding
- Foundation: Basement
Condition
- New construction: No
- Year built: 1897
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: None
Location
- Region: South Bend
Financial & listing details
- Tax assessed value: $145,900
- Annual tax amount: $134
- Date on market: 2/19/2026
- Listing terms: Cash,Conventional
- Inclusions: Building, Land, Lease
- Lease term: 12 Months
- Total actual rent: 36000
- Tenant pays: Electricity, Heating, Water
Price history
| Date | Event | Price |
|---|---|---|
| 4/22/2026 | Listing removed | $1,200 |
Source: Zillow Rentals Report a problem | ||
| 3/25/2026 | Listed for rent | $1,200 |
Source: Zillow Rentals Report a problem | ||
| 3/24/2026 | Sold | $192,500+13.3% |
Source:  IRMLS #202605186 Report a problem | ||
| 2/24/2026 | Pending sale | $169,900 |
Source: IRMLS #202605186 Report a problem | ||
| 2/19/2026 | Listed for sale | $169,900 |
Source: IRMLS #202605186 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12 -30.3% | $500 |
| 2024 | $17 -0.5% | $500 |
| 2023 | $17 +25% | $500 |
| 2022 | $14 | $500 +25% |
| 2021 | $14 +126.7% | $400 |
| 2020 | $6 -93.9% | $400 +33.3% |
| 2019 | $98 -4.5% | $300 -92.7% |
| 2018 | $103 -2% | $4,100 |
| 2017 | $105 -1.8% | $4,100 |
| 2016 | $107 -0.5% | $4,100 |
| 2014 | $107 -0.2% | $4,100 |
| 2013 | $107 -0.4% | $4,100 |
| 2012 | $108 +173.3% | $4,100 +173.3% |
| 2011 | $39 -1.7% | $1,500 |
| 2010 | $40 +4% | $1,500 |
| 2009 | $39 | $1,500 |
| 2007 | -- | $1,500 +650% |
| 2006 | $8 -76.7% | $200 -86.6% |
| 2003 | $35 | $1,490 +246.5% |
| 2001 | -- | $430 |
Find assessor info on the county website
Neighborhood: 46601
Nearby homes
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Nearby schools
GreatSchools rating
- 2/10Lincoln Elementary SchoolGrades: PK-5Distance: 0.4 mi
- NAStudebaker Primary CenterGrades: PK-12Distance: 0.5 mi
- 3/10Riley High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Lincoln
- Middle: Jackson
- High: Riley
- District: South Bend Community School Corp.
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Indiana
- Saint Joseph County
- South Bend
- 46601
- 1236 Lincoln Way E
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