Listing courtesy of Weichert Rltrs-J.Dunfee&Assoc. · Listing agent: Rachel Prillwitz
602 N Frances Street
South Bend, IN 46617-2077
- Basement
- Bedrooms
- 6
- Bathrooms
- 4
- Living area
- 2,722 sq ft
- Lot
- 0.08 ac
- Year built
- 1929
- Type
- Triplex
- Listed
- September 15, 2026
- MLS #
- 202638138
About this home
**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 units—a 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.
Monthly payment estimate
$3,947/mo
- Principal & interest
- $3,558
- Property taxes
- $199
- Homeowners insurance
- $190
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2026 bill as reported to the MLS. Yours may differ once your own deductions apply.
- Insurance: estimated at 0.35% of the price per year.
- An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details
Interior
- Levels
- Two
- Stories
- 2
- Total area
- 4,083 sq ft
- Finished area above grade
- 2,722 sq ft
- Unfinished area below grade
- 1,361 sq ft
- Main level
- 1,361 sq ft
- Upper level
- 1,361 sq ft
- Below grade total
- 1,361 sq ft
- Bedrooms above grade
- 6
- Basement
- Full, Unfinished
- Flooring
- Carpet, Tile, Vinyl
- Heating
- Natural Gas, Forced Air
- Cooling
- Central Air
- Amenities
- Basement, Ceiling Fan, Fenced Yard, Storage, Countertops-Stone, Detector-Smoke, Firepit, Open Floor Plan, Patio Open, Pocket Doors, Water Heater Gas
Exterior & parking
- Construction
- Brick
- Roof
- Shingle
- Parking
- Public Parking, On Street
- Private pool
- No
- Fencing
- Full, Privacy, Wood
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Corner Lot, 0-2.9999
- Lot size (acres)
- 0.08 ac
- Lot dimensions
- 27X130
- Location type
- Near College Campus
- County
- St. Joseph County
- Township
- Portage
- Lots
- 1
- Platted
- Yes
- Planned unit development
- No
- Directions
- From N Eddy Street, West on Sorin Street, Property is on corner of Sorin and N Frances.
Schools
- Elementary school
- Nuner
- Middle school
- Jefferson
- High school
- Adams
- School district
- South Bend Community School Corp.
HOA & community
- Community amenities
- Sidewalks
Taxes & terms
- Annual taxes
- $2,386
- Tax year
- 2026
- Assessed value
- $102,600
- Tax exemptions
- No Exemptions
- Listing terms
- Cash, Conventional
- Possession
- closing
- Parcel number
- 71-08-01-432-027.000-026
Included in the sale
- Included in sale
- Building,Land
Utilities
- Water
- City
- Sewer
- Public Sewer
- Water provider
- South Bend Municipal Util
Income & commercial
- Units
- 3
- Annual gross rent
- $69,634
- Net operating income
- $50,208
- Lease term
- Negotiable
- Pets allowed
- Yes
- Tenant pays
- Deposit
- Electric meters
- 2
- Gas meters
- 2
- Water meters
- 2
- Insurance (annual)
- $4,697
- Water & sewer (annual)
- $1,246
- Electric (annual)
- $2,620
- Fuel (annual)
- $1,703
- Maintenance (annual)
- $6,775
Location
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