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Benton Harbor 49022
694 Colfax Avenue
$140,000
● House - Off Market

694 Colfax Avenue

Benton Harbor, MI 49022
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,478 Ft²
$887
Est. Monthly
13.65%
Cap Rate

About This Property

Back on the Market Again!!!! No fault of the sellers!!Buyers financing fell through.  Nice and Spacious 3 Bedroom 2.5 bath  All Brick home!! With an additional fenced in side lot. Enjoy the comfort of  knowing you'll never go without power with the whole house Generac Generator. This home offers lovely hardwood floors, freshly painted throughout. Granite counter tops, First floor master bedroom with en suite. Electric fireplace in the Living Room, Formal Dining Room and a Walk Out Basement. This home has 2 parcel numbers. Both are included in the yearly tax number and square footage of the property.  .Bathtub Faucet in hall bath to be repaired. by seller. Extra side lot Tax ID 11-51-0804-0012-02-7 Seller concessions toward buyers closing costs, points and pre paids are negotiable.
Unit Size
1,478 Ft²
Days on Market
83 days
Land Size
0.72 acres
Price per sqft
$99
Property Type
House
Property Taxes
$170
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 8 months ago (MichRIC MLS #25049902)

Price History

Date / Event Date Event Price
Feb 25, 2026 Sold
Premium
Sold
Jan 13, 2026 In contract -
In contract
Dec 8, 2025 Price Decreased $145,900
↓ $4K (2.7%)
Price Decreased
Dec 5, 2025 Relisted $149,900
Relisted
Nov 5, 2025 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,478
  • Garage Type: 7
  • Garage Square Area: 283
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,634
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 825
  • Total Building Area: 1,478
  • Building Area: 1,478
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,478
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ASSESSORS PLAT # 4
  • Land Acres: 0000000313
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 13 ASS'OR PLAT NO 4 CITY OF BENTON HARBOR

Neighborhood

  • School District Name: Benton Harbor Area Schools
  • School Tax School District: BENTON HARBOR
  • Census Tract: 000400

Zoning

  • Zoning: DISTRICT B

Geography

  • Assessors Map Reference: 024-3
  • District: 51
  • Parcel: 51-0804-0013-00-7
  • Lot: 13
  • Municipality: BENTON HARBOR CITY
  • Latitude: 42.1055
  • Longitude: -86.4564

    Address

  • Full Address: 694 Colfax Ave
  • Legal Unit: 13
  • Address - House Number: 694
  • Address - Street Name: Colfax
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Benton Harbor
  • Carrier Code: C010
  • 4-Digit Zip Code: 7436
  • Zip Code: 49022

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $141,524

    Appraisal Valuation

  • Standard Deviation: 0.1006
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 90
  • Final Value: 129,463
  • High Value: 142,489
  • Low Value: 116,437

    Market Valuation

  • Market Total Value: $99,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $49,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 08, 2021
  • Current Sale Recording Date: Nov 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 23, 1996
  • Previous Sale Contract Date: Oct 23, 1996
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Benton Harbor

Stats & Trends

Median Asking:

$109,999

Sale Price/ft²

$96

Below Asking

0.05%

Average Days on Market

55

Average Home Size

1325 ft²

Average Home Age

65 years

Currently For Sale

29 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1920 Langley Ave Avenue, St. Joseph, MI, 49085

$2,100 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
1920 Langley Ave Avenue, St. Joseph, MI, 49085 Listing by Michael George Lirones

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Catherine Catania, Realty Executives Instant Equity
Last Updated: 8 months ago
Data Source: MichRIC, MLS# 25049902
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 694 Colfax Avenue built and last sold?
The property at 694 Colfax Avenue was built in 1950 and last sold on Nov 8, 2021 for $135,000.
How much is this home worth?
The estimated value of the home located at 694 Colfax Avenue is $148,977.
What are some comparable homes to 694 Colfax Avenue?
There are currently no comparable homes to 694 Colfax Avenue.
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