1101 Elliott Street South Bend, IN 46628
MULTI_FAMILY - South Bend, IN
- Added:
- Jul 11, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 14 at 2:06 am
Property Features for 1101 Elliott Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Attached
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 3, Basement, Bathroom 1, Bedroom 4
- Parking
- 2
- Parking features
- Garage
- Standard status
- Active
- APN
- 71-08-03-155-020.000-026
- Size
- 2,041 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- LOT 318 LINCOLN MANOR
- Tax Annual Amount
- 1450
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1959
- Number of units
- 2
- Flooring type
- Laminate, Wood
- Architectural style
- Other
Listing agent Joseph Wootan License #RRE-BRO-LIC-99919 (855) 456-4945
Listing office List With Freedom.com LLC 5724 SW 77th Ave, Rd, IN (855) 456-4945
Listing date Jul 11, 2026
Copyright © 2026 Northeastern Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Unit A is the main house and features 3 bedrooms and 1.5 bathrooms, a full kitchen, and a large living room, with direct access to the yard and parking. Unit B functions as an in-law suite with 1 bedroom and 1 bathroom, a private entrance, and a kitchenette setup.
The home is described as having county-approved two-unit status, supporting the property’s current configuration as a two-unit dwelling.
Key Highlights
- Legally approved two‑unit dwelling in South Bend
- Unit A (main house): 3 bedrooms, 1.5 bathrooms, full kitchen, and large living room
- Unit A offers direct access to yard and parking
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.2k | $13.80 |
| − Vacancy | −$2.2k | −$1.08 |
| EGI | $26.0k | $12.72 |
| − OpEx | −$7.8k | −$3.82 |
| NOI | $18.2k | $8.91 |
