1637 KEMBLE AVE South Bend, IN 46613
MULTI_FAMILY - South Bend, IN
- Added:
- Nov 18, 2025
- Days on Market:
- 237
- Last Refresh:
- Jul 13 at 11:06 pm
Property Features for 1637 KEMBLE AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 4, Basement, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 1, Bathroom 1
- Standard status
- Active
- APN
- 71-08-14-331-027.000-026
- Size
- 2,394 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lots 50-51 Byerleys Add
- Tax Annual Amount
- 1680
Building Details
- Year built
- 1956
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Concrete
- Architectural style
- Other
Listing agent Kavita Patel License #RB22002108 (574) 387-9959
Listing office McKinnies Realty, LLC Elkhart 54560 CR 17, Mishawaka, IN (574) 271-3440
Listing date Nov 18, 2025
Copyright © 2026 Elkhart County Board 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.
Located at 1637 Kemble Ave in South Bend, IN 46613, the building sits on a double-fenced lot and includes a recently updated detached 2-car garage. The listing notes the property’s placement on a busy corner within an active redevelopment area.
Key Highlights
- 2‑story brick mixed‑use property built in 1956 with concrete flooring
- Main level currently used as an operating grocery/convenience store plus 3 additional rooms for office, storage, or expansion
- Second level features 5 bedrooms, a living room, an eat‑in kitchen, and 1 full bathroom
Local Financial Insights For Retail
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 | $35.9k | $15.00 |
| − Vacancy | −$2.3k | −$0.96 |
| EGI | $33.6k | $14.04 |
| − OpEx | −$10.1k | −$4.21 |
| NOI | $23.5k | $9.83 |
