Address
602 N Frances Street, South Bend, IN
Price
$ 650,000
Property Attributes
- MLS#202638138
- TypeMulti-Family
- Listing Status Active
- CountySAINT JOSEPH
- CitySouth Bend
- AreaPortage
- Zip46617
- StyleTriplex
- Year Built1929
- Taxes$ 2385
- Price$ 650,000
- Bedrooms6
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage2722
Data Source:
Indiana Regional MLS (IRMLS)
Property Description
**BACK ON MARKET AT NO FAULT OF SELLER. Appraised for higher than purchase price but there were challenges with lender.**Rare fully renovated triplex less than a to mile Notre Dame - offering exceptional short-term rental potential in a rapidly developing, high-growth area. This turnkey investment features three versatile unitsa 1 bedroom/1 bath, a 2 bedroom/1 bath, and an expansive 1,300+ sq. ft. 3 bedroom/2 bath second-story unit with full living and dining rooms. The property has been completely updated inside and out with new exterior paint, roof, soffits, fascia, gutters, lighting, concrete patio, fenced yard, and gas fire pit on a timer. Major mechanicals have been updated as well, including all new AC units installed in 2022, water heaters replaced within the last five years, furnaces within the last six years. The main floor was fully gutted in 2022 with new drywall, windows, flooring, redesigned kitchens with granite countertops, new cabinets, appliances, tile, lighting, and fully updated bathrooms. The upstairs was renovated in 2025, adding a second full bathroom, expanding the kitchen, and installing new cabinets, appliances, butcher-block countertops, tile flooring, and updated fixtures. A full basement provides ideal storage plus a washer and dryer to support efficient short term rental turnover. A portion of the lot offers potential for added parking or a secondary building, enhancing future rental income possibilities. With steady cash flow, flexible unit layouts, and comprehensive renovations already completed, this property is ready to generate income for an investor from day one. Listing agent has financial interest in property.
| Elementary School | Middle School | High School |
|---|---|---|
| Nuner Elementary School | Jefferson Middle School | Adams High School |
| Price History | |
|---|---|
| 9/15/2026 | Listed $650,000 |
General Features
| Heating | Gas,Forced Air |
|---|---|
| Cooling | Central Air |
| Sewer | City |
| Status | Active |
| Full Baths | 4 |
| Bathrooms | 4 |
| Year Built | 1929 |
| Parking | Public,Street |
| New Construction | No |
| Tenant Pays | Deposit Value |
| Subdivision | None |
| Style | Two Story |
| Stories Count | 2 |
| Township | Portage |
| Class | INVESTMENT |
| Type | Triplex |
| Age | 97 |
| Net Income | 50208.02 |
| Lot Number | 1 |
| Rent Income | 69633.95 |
| FIPS Code | 18141 |
| OwnerPays | Cooling,Electric,Fuel,Heating,Lawn Maintenance,Maintenance,Sewer,Snow Removal,Tax,Trash Collection,Water |
| Features | Basement,Ceiling Fan,Fenced Yard,Storage,Countertops-Stone,Detector-Smoke,Firepit,Open Floor Plan,Patio Open,Pocket Doors,Water Heater Gas |
| Associated Document Count | 3 |
| REO | No |
| Annual Electric Expense | 2619.73 |
| Annual Fuel Expense | 1703.31 |
| Annual Insurance Expense | 4696.89 |
| Status | Active |
| Auction Y/N | No |
| Common Amenities | Sidewalks |
| Area | St. Joseph County |
| Location | Near College Campus |
| High School | Adams |
| City | South Bend |
| School District | South Bend Community School Corp |
| Assoc. Dues Frequency | Not Applicable |
| Pet Restrictions Y/N | Yes |
| Total Sq Ft | 4083 |
| Elementary School | Nuner |
| Middle School | Jefferson |
| Legal Description | LOT 1 SHONE'S FRANCES ST MINOR SUB NP #3718 6/14/06 |
| Virtual Tour | https://www.propertypanorama.com/instaview/irmls/202638138 |
| Agent First Name | Rachel |
| Agent Last Name | Prillwitz |
| DOM | 1 |
| Tax Year | 2026 |
| PROPOSED FINANCING | Cash,Conventional |
Interior Features
| Basement | Full Basement,Unfinished |
|---|---|
| Flooring | Carpet,Tile,Vinyl |
| Beds | 6 |
| Total Number of Units | 3 |
| Microwaves | 3 |
| Refrigerators | 3 |
| Washers | 2 |
| Dryer(s) | 2 |
| Dishwasher(s) | 3 |
| Total Finished SqFt | 2722 |
| Basement Y/N | Yes |
| Above Grade Bedrooms | 6 |
| Total Rooms Below Grade | 1 |
| Ranges/Ovens | 3 |
| W/D Hookups | 2 |
| Above Grade Finished SqFt | 2722 |
| Below Grade Unfin. SqFt | 1361 |
| Main Level SqFt | 1361 |
| Num. of 1 Bedrooms | 1 |
| Num. of 2 Bedrooms | 1 |
| Num. of 3 Bedrooms | 1 |
| Unit 1-# of Bathrooms | 1 |
| Unit 1-# of Bedrooms | 2 |
| Unit 2-# of Bathrooms | 1 |
| Unit 2-# of Bedrooms | 1 |
| Unit 3-# of Bathrooms | 2 |
| Unit 3-# of Bedrooms | 3 |
Exterior Features
| Exterior | Brick |
|---|---|
| Driveway | None |
| Pool | No |
| Lot Size Area | 3510 |
| Lot Dimensions | 27X130 |
| Lot Description | Corner,0-2.9999 |
| Fence | Full,Privacy,Wood |
| Water Meters | 2 |
| Electric Meters | 2 |
| Outbuilding | None |
| Water Features | None |
| Gas Meters | 2 |
| Approx. Lot Size Acres | 0.08 |
| ROOF MATERIAL | Shingle |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
IDX 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. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS.
Information last updated on September 16, 2026 8:11 AM UTC
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