1298 Colfax Ave Benton Harbor, MI 49022
Fair Plain NeighborhoodEstimated payment $2,068/month
Highlights
- 1.52 Acre Lot
- No HOA
- Wood Siding
- Wooded Lot
- Forced Air Heating System
About This Home
Great income-producing investment opportunity with two separate rental buildings and strong upside potential. The front house features two 2-bedroom, 1-bath units with the upper unit currently leased at $900/month and the lower unit vacant, allowing immediate additional rental income. The rear building includes six individual rental rooms, shared kitchen, communal full bath, plus a half bath with laundry. Current rents total $2,450/month, not including the vacant unit or three empty rooms, leaving room for increased cash flow. Many updates completed including exterior improvements to the front house, partial roof replacement on the front house, new roof on the rear building, full sewer line replacement, updated kitchen and bath in the upper unit, and updated furnace and electrical in the rear building. Land Contract financing may be possible. Call for your private showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,884
Year Built
- Built in 1887
Lot Details
- 1.52 Acre Lot
- Lot Dimensions are 223 x 297
- Wooded Lot
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
- Rubber Roof
- Wood Siding
Parking
- 7 Parking Spaces
- Paved Parking
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Cable TV Available
Additional Features
- Laundry on main level
- Basement Fills Entire Space Under The House
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 8 Units
- Property is near a ravine
Amenities
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,884 | $119,500 | $0 | $0 |
| 2024 | $3,654 | $102,200 | $0 | $0 |
| 2023 | $2,447 | $101,500 | $0 | $0 |
| 2022 | $2,330 | $73,200 | $0 | $0 |
| 2021 | $3,030 | $76,000 | $19,800 | $56,200 |
| 2020 | $2,888 | $74,900 | $0 | $0 |
| 2019 | $2,837 | $62,800 | $9,400 | $53,400 |
| 2018 | $2,657 | $62,800 | $0 | $0 |
| 2017 | $2,613 | $62,900 | $0 | $0 |
| 2016 | $2,547 | $62,100 | $0 | $0 |
| 2015 | $2,540 | $58,900 | $0 | $0 |
| 2014 | $2,004 | $57,400 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/07/2026 03/07/26 | For Sale | $279,900 | +99.9% | -- | |
| 08/30/2023 08/30/23 | Sold | $140,000 | 0.0% | -- | View Prior Sale |
| 07/17/2023 07/17/23 | Price Changed | $140,000 | -15.2% | -- | |
| 06/28/2023 06/28/23 | For Sale | $165,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $140,000 | Chicago Title Of Michigan | |
| Warranty Deed | $140,000 | Chicago Title Of Michigan | |
| Warranty Deed | $140,000 | Chicago Title Of Michigan | |
| Deed | $97,500 | -- | |
| Deed | $57,500 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $98,000 | New Conventional | |
| Closed | $98,000 | New Conventional |
Source: MichRIC
MLS Number: 26008632
APN: 11-18-0125-0006-00-6
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Information is deemed reliable but not guaranteed.
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Ask me questions while you tour the home.