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Off market
  • Tax assessed value
    $117,100

    627 Portage Ave, South Bend, IN 46616

    0beds
    1baths
    2,564sqft
    Apartment
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $46/sqft
    $1,206 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,206/mo

    Zestimate® history
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    Rent Zestimate®

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    $585/mo

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    What's special

    Collect $2,150/month OR MORE on this 5-Unit Property in South Bend, IN! • Are you looking for real passive income? • Are you looking to multiply your returns in real estate? • Tired of competing over single family units? For less than the price of many Single Family Homes, you can have 5 income-producing units! PRICED TO MOVE QUICKLY: $73,252 Don’t miss out! This multifamily property offers multiple money-generating strategies: ? Pro Forma Cap Rate 23.6% ? Cash on cash return 21.4% ? 5 year ROI 57.4% ? Stable Property in hot rental area ? Only $8k repairs needed ? Priced to MOVE ? Great Community ? Great mix of 1 and 2 bedrooms ? Perfect multifamily deal ? Even more possible value plays! This is an off-market deal. For IMMEDIATE DELIVERY of the Property Package: Option 1: Text your name & email to 574-244-0404 and a packet will be emailed within 10 minutes Option 2: Dial the voice box at 574-244-0404 and speak ONLY your name & email – a packet will be emailed within 10 minutes

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 0
    • Bathrooms: 1
    Heating
    • Forced air
    Cooling
    • Other
    Appliances
    • Included: Range / Oven, Refrigerator
    Features
    • Flooring: Hardwood
    • Basement: Partially finished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,564 sqft

    Property

    Parking
    • Parking features: Off-street, Garage
    Lot
    • Size: 7,750 Square Feet
    Details
    • Parcel number: 710802432022000026

    Construction

    Type & style
    • Home type: Apartment
    Materials
    • masonry
    • Foundation: Crawl/Raised
    • Roof: Asphalt
    Condition
    • Year built: 1900

    Community & HOA

    Community
    • Features: On Site Laundry Available
    Location
    • Region: South Bend

    Financial & listing details

    • Price per square foot: $46/sqft
    • Tax assessed value: $117,100
    • Annual tax amount: $2,739

    Price history

    DateEventPrice
    1/5/2018Listing removed$500
    Source: Zillow Rental Manager Report a problem
    12/6/2017Listed for rent$500
    Source: Zillow Rental Manager Report a problem
    1/19/2017Listing removed$73,252$29/sqft
    Source: Owner Report a problem
    12/14/2015Listed for sale$73,252$29/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,739 +77.9%$117,100 +0.8%
    2024$1,540 -0.7%$116,200 +79.9%
    2023$1,550 +24.2%$64,600
    2022$1,248 -47.6%$64,600 +24.2%
    2021$2,381 +20.8%$52,000 -47.6%
    2020$1,970 +173.2%$99,200 +0.7%
    2019$721 -8.6%$98,500 +226.2%
    2018$789 -65.2%$30,200 -65.4%
    2017$2,268 +125.4%$87,300
    2016$1,007 +150.3%$87,300 +149.4%
    2014$402 -45.4%$35,000 -45.3%
    2013$736 0%$64,000 +0.2%
    2012$736 +74.7%$63,900 +74.6%
    2011$422 +2.3%$36,600
    2010$412 +14.9%$36,600
    2009$359 $36,600 -44.5%
    2007-- $65,900 -51.9%
    2006$939 -5.4%$137,000
    2004$993 -42.5%$137,000 -32.3%
    2003$1,728 $202,490 +3629.1%
    2001-- $5,430
    Find assessor info on the county website

    Neighborhood: Near Northwest

    Nearby schools

    GreatSchools rating
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