Welcome to 310 Colfax Ave, an exceptional 5-unit condominium complex thriving as a lucrative short-term rental, boasting nearly $200k a year in gross rental income. Located just off the enchanting shores of Lake Michigan.Immerse yourself in the charm of fully renovated turnkey units, seamlessly blending contemporary comforts with timeless elegance. Nestled in the heart of Michigan City, each residence boasts a unique and sought-after living experience. The property's prime location, combined with its flourishing short-term rental success, makes it an enticing investment opportunity.Embrace the allure of lakeside living where the beauty of Lake Michigan meets the convenience of modern amenities. Whether you're seeking an investment property or a unique lakeside retreat, this condominium complex offers a rare opportunity to experience the best of Michigan City living.Top floor includes three 1Bed 1Bath Units. Bottom Floor includes two 2Bed 1Bath units.
Closed
$1,050,000
310 Colfax Ave, Michigan City, IN 46360
7beds
2,808sqft
Apartment
Built in 1943
-- sqft lot
$-- Zestimate®
$374/sqft
$4,576 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,576/mo
Zestimate® history
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List your homeWhat's special
Lake michiganModern amenitiesTimeless eleganceLakeside living
Zillow last checked:
Listing updated:
Listed by:
Chad Gradowski,
Coldwell Banker Realty 269-469-3950,
Lane Moser,
Coldwell Banker Realty
Bought with:
Chad Gradowski, RB14032533
Coldwell Banker Realty
Source: NIRA as distributed by MLS GRID,MLS#: 544188
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 5
Features
- Elevator
- Has basement: Yes
Interior area
- Total structure area: 2,808
- Total interior livable area: 2,808 sqft
- Finished area above ground: 2,800
Property
Parking
- Parking features: None
Features
- Patio & porch: Deck, Patio
- Exterior features: Storage
Lot
- Size: 3,219 Square Feet
- Dimensions: 70 x 46
Details
- Parcel number: 460121303008000022
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Condition
- New construction: No
- Year built: 1943
Utilities & green energy
- Water: Public
- Utilities for property: Cable Available, Sewer Available
Community & HOA
Community
- Subdivision: Sheridan Bch Park 04 Add/Michig
Location
- Region: Michigan City
Financial & listing details
- Price per square foot: $374/sqft
- Tax assessed value: $581,000
- Annual tax amount: $10,910
- Date on market: 7/10/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2024 | Sold | $1,050,000-4.5%$374/sqft |
Source:  NIRA as distributed by MLS GRID #544188 Report a problem | ||
| 3/22/2024 | Listed for sale | $1,099,000$391/sqft |
Source: NIRA as distributed by MLS GRID #544188 Report a problem | ||
| 2/29/2024 | Listing removed | -- |
Source: NIRA as distributed by MLS GRID #544112 Report a problem | ||
| 2/26/2024 | Listed for sale | $1,099,000$391/sqft |
Source: NIRA as distributed by MLS GRID #544112 Report a problem | ||
| 2/5/2024 | Contingent | $1,099,000$391/sqft |
Source: NIRA as distributed by MLS GRID #544188 Report a problem | ||
| 1/21/2024 | Listed for sale | $1,099,000+69.3%$391/sqft |
Source: NIRA as distributed by MLS GRID #544112 Report a problem | ||
| 1/31/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/4/2020 | Pending sale | $649,000$231/sqft |
Source: Owner Report a problem | ||
| 8/28/2020 | Price change | $649,000+8.3%$231/sqft |
Source: Owner Report a problem | ||
| 7/17/2020 | Listed for sale | $599,000$213/sqft |
Source: Coldwell Banker Realty #478108 Report a problem | ||
| 5/13/2020 | Listing removed | $599,000$213/sqft |
Source: Coldwell Banker Realty - New Buffalo #460018 Report a problem | ||
| 3/25/2020 | Price change | $599,000-7.7%$213/sqft |
Source: Coldwell Banker Realty - New Buffalo #460018 Report a problem | ||
| 10/5/2019 | Price change | $649,000-13.4%$231/sqft |
Source: Coldwell Banker Residential Brokerage - New Buffalo #460018 Report a problem | ||
| 8/3/2019 | Listed for sale | $749,000+78.3%$267/sqft |
Source: Coldwell Banker Residential Brokerage - New Buffalo #460018 Report a problem | ||
| 12/22/2005 | Sold | $420,000$150/sqft |
Source: NIRA as distributed by MLS GRID #137937 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,910 | $581,000 |
| 2024 | $10,910 -0.3% | -- |
| 2023 | $10,944 -3.9% | $545,500 -0.3% |
| 2022 | $11,393 +4.9% | $547,200 +0.8% |
| 2021 | $10,862 -7.6% | $543,100 -7.9% |
| 2020 | $11,756 +120.4% | $589,600 +0.3% |
| 2019 | $5,334 +12% | $587,600 +181.3% |
| 2018 | $4,761 +28.8% | $208,900 +20.5% |
| 2017 | $3,696 -29.1% | $173,400 -1.4% |
| 2016 | $5,216 +0.1% | $175,800 -32.5% |
| 2014 | $5,210 -0.2% | $260,500 +1.2% |
| 2013 | $5,220 | $257,300 -42.1% |
| 2010 | -- | $444,300 +12.3% |
| 2006 | $8,736 | $395,800 +42.9% |
| 2005 | -- | $277,000 |
Find assessor info on the county website
Neighborhood: 46360
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Nearby schools
GreatSchools rating
- 3/10Lake Hills Elementary SchoolGrades: K-6Distance: 0.3 mi
- 5/10Martin T Krueger Middle SchoolGrades: 7-8Distance: 2.3 mi
- 3/10Michigan City High SchoolGrades: 9-12Distance: 3.9 mi
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- Indiana
- La Porte County
- Michigan City
- 46360
- 310 Colfax Ave
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