Active

1298 Colfax Avenue

Benton Harbor, Michigan 49022

$259,900 $1,095/Mo

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Overview

Bed

Bath

1.69

Acres(Lot)

Description

Exceptional investment opportunity featuring two separate rental buildings with multiple income streams and excellent value-add potential. The front building offers two 2-bedroom, 1-bath apartments, with the upper unit currently leased at $900 per month and the lower unit vacant, providing the opportunity for immediate rental income or owner occupancy. The rear building consists of six individual rental rooms, with a shared kitchen, full bath, separate half bath, and on-site laundry facilities. All rear units are currently vacant, giving a new owner the flexibility to establish market rents and select new tenants from the start. Numerous recent improvements have already been completed, including exterior updates to the front building, a partial roof replacement on the front, a new roof on the rear, new sewer line, updated kitchen and bathroom in the upper apartment, updated electrical and furnace in the rear building, along with exterior repairs. Don't miss this opportunity!

Property Details

Property Type : Multifamily

Price : $259,900

AD Id : 87495799

MLS Id : 69026033559

Beds : 7

Lot Size : 1.69 Acres

Year Built : 1887

Garage : Paved

County : Berrien

Map

What's Nearby

Nearby Areas

Features

Interior Features

Laundry Facility Roof: Composition,Rubber
Heating & Cooling

Heating: Forced Air Heating Fuel: Natural Gas

Building Information

Year Built: 1887 Total Units: 5 Roof: Composition,Rubber
Utility Features

Sewer: Sewer (Sewer-Sanitary)
Water

Public (Municipal)

Lot Information

Lot Size: 1.69 Lot Dimensions: 223 x 297 Frontage Feet: 223
Property Information

Financing: Cash,Conventional

Listing Price Information

Original List Price: $259,900
Listing Information

Possession: At Close Legal Description: COM 2466.95' S OF NE COR SEC 25 T4S R19W TH S 223.1' (REC AS 222.75') TH W 330' TH N 223.1' (REC AS 222.75') TH E 330' TO BEG

Tax Information

Annual Tax: $6,884 Parcel Number: 111801250006006
Possession

At Close
Legal Information

Legal Description: Section: COM 2466.95' S OF NE COR SEC 25 T4S R19W TH S 223.1' (REC AS 222.75') TH W 330' TH N 223.1' (REC AS 222.75') TH E 330' TO BEG

Unit 1 Information

# of Bedrooms: 3
Unit 2 Information

# of Bedrooms: 2

School Information

School District: Benton Harbor
Utility Information

Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft
561 Heck Court , Benton Harbor, MI, 49022	$86,999	3	--	--
180 Emery Avenue , Benton Harbor, MI, 49022	$225,000	4	--	--
774 Lavette Avenue , Benton Harbor, MI, 49022	$150,000	5	--	--
468 Colfax Avenue , Benton Harbor, MI, 49022	$165,000	4	--	--
518 & 528 Chippewa Road , Benton Harbor, MI, 49022	$355,000	4	--	--

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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 07/03/2026 @ 20:18

MLS: 69026033559 LISTED BY: Van Homes Team , eXp Realty 888-501-7085 SOURCE: Realcomp II Ltd