602 N Frances Street
South Bend, IN, 46617 $ 874,900
Bedrooms6 Baths4.0 Sq 2,722 Monthly Estimate*
$ 5,458
for $874,900 with 6 bedrooms and 4 full baths. This 2,722 square foot home was built in 1929.
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.
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FeaturesGeneralHeating Gas Forced Air
Cooling Central Air
Sewer City
Status Active Active
Full Baths 4
Half Baths 0
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 96
Net Income 50062.44
Rent Income 69633.95
Features Basement Ceiling Fan Fenced Yard Storage Countertops-Stone Detector-Smoke Firepit Open Floor Plan Patio Open Pocket Doors Water Heater Gas
REO No
Status Detail 0
Common Amenities Sidewalks
Area St. Joseph County
Location Near College Campus
High School Adams
City South Bend
School District South Bend Community School Corp
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/202547822
Agent First Name Rachel
Agent Last Name Prillwitz
DOM 2
Tax Year 2025
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InteriorBasement 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
Disposal(s) 0
Above Grade Bedrooms 6
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 1
Ranges/Ovens 3
W/D Hookups 2
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ExteriorExterior Brick
Driveway None
Pool No
Number of Parking Spaces 0
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
Waterfront Y/N No
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* Excluded FeaturesList ByRachel PrillwitzListing Agent
South Bend - Weichert, Realtors® - Jim Dunfee & AssociatesBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,458
- Monthly Property Taxes
- $211
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in South Bend, IN
Average List Price $172,974
Percent of Sale Price 80%
About South Bend, IN 102,817 Population
-6% Since 2002
$ 37,136 Median Income
35.25 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
1237707 Elementary School
1236710 Middle School
Adams High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/2/2025 | $874,900 | | Listed Price |