468 Colfax Ave · Benton Harbor, MI 49022

$165,000

4 bd · 2.0 ba · 2,606 sqft · MultiFamily public records · 152 Days on market

Built 1930 8,712 sqft lot ↓ 13% since listing

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

Key facts

• New siding
• Updated windows
• Original woodwork

Tags

• HISTORIC HOME
• ORIGINAL WOODWORK
• HIGH CEILINGS
• UPDATED WINDOWS
• NEW ROOF
• NEW SIDING

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath multifamily listed at $165k.

Deal economics

• At list price, monthly cash flow is $2k ($21k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $165k).
• Recommended offer: $145k (12.0% below list) — sets the bar for market timing.
• Cap rate 18.8% vs local median 7.4% in Benton Harbor — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 55/100 on livability (#671 in MI) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, health & safety A-; Watch: schools F, crime F, amenities F.
• Benton Harbor Area Schools (urban): math 4% / reading 7% proficiency, ranked #732 of 760 in MI (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 89% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 179 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 397 units permitted in Berrien County in 2024 (40 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Berrien County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $46k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 152 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts; this cycle's ask has dropped $25k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $145,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 152 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.08% ✓
• Cap rate: 18.77%
• Cash-on-cash: 44.56%
• DSCR: 2.98
• GRM: 4.0

CMA / ARV

• ARV (median comp): $60,316
• List price: $165,000
• Delta: 173.56%
• Verdict: OVERPRICED
• Comps: 9 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 41.6%
• Equity multiple: 2.79×
• Total profit: $82,496
• Equity at exit: $24,602

10-year hold

• IRR: 47.8%
• Equity multiple: 5.60×
• Total profit: $212,380
• Equity at exit: $14,266

Cash invested: $46,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 49022

• Active inventory: 179
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $3,426 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$57 /mo · $682/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$719
• Net cashflow: $1,716

Break-even live

Break-even rent $1,254

Max offer price $165,000

Occupancy floor 45%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$3,426
Total (2 units)			$3,426

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
916 Broad St St Joseph, MI	3.0	1.5	1900	$2,650	$1.39	44d	1	1.17mi
1319 Lewis Ave Saint Joseph, MI	4.0	3.0	2280	$2,970	$1.30	44d	1	1.33mi

Listing history 41 events

1. 2026-06-19
   days on market $165,000 Active 152 DOM
2. 2026-06-18
   days on market $165,000 Active 151 DOM
3. 2026-06-17
   days on market $165,000 Active 150 DOM
4. 2026-06-16
   days on market $165,000 Active 149 DOM
5. 2026-06-15
   days on market $165,000 Active 148 DOM
6. 2026-06-14
   days on market $165,000 Active 146 DOM
7. 2026-06-13
   days on market $165,000 Active 145 DOM
8. 2026-06-10
   days on market $165,000 Active 143 DOM
9. 2026-06-09
   days on market $165,000 Active 142 DOM
10. 2026-06-08
    days on market $165,000 Active 141 DOM
11. 2026-06-07
    days on market $165,000 Active 140 DOM
12. 2026-06-03
    days on market $165,000 Active 136 DOM
13. 2026-06-02
    days on market $165,000 Active 135 DOM
14. 2026-06-01
    days on market $165,000 Active 134 DOM
15. 2026-05-31
    days on market $165,000 Active 133 DOM
16. 2026-05-30
    days on market $165,000 Active 132 DOM
17. 2026-05-10
    price $165,000 1037-char remark

    Show marketing remark (1043 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

18. 2026-05-10
    price $165,000 1043-char remark

    Show marketing remark (1043 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

19. 2026-05-04
    status Active 1037-char remark

    Show marketing remark (1043 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

20. 2026-05-04
    status Active 1043-char remark

    Show marketing remark (1043 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

21. 2026-03-26
    historical 1037-char remark

    Show marketing remark (1037 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

22. 2026-03-15
    price $168,000 1037-char remark

    Show marketing remark (1037 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

23. 2026-03-14
    price $168,000 1043-char remark

    Show marketing remark (1043 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

24. 2026-03-11
    price $169,500 1037-char remark

    Show marketing remark (1037 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

25. 2026-03-10
    status Active 1043-char remark

    Show marketing remark (1037 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

26. 2026-03-10
    price $169,500 1043-char remark

    Show marketing remark (1037 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

27. 2026-03-10
    status Active 1037-char remark

    Show marketing remark (1037 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

28. 2026-03-05
    historical Accepting Backup Offers 1037-char remark

    Show marketing remark (1043 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

29. 2026-03-05
    historical Active Under Contract 1043-char remark

    Show marketing remark (1043 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

30. 2026-02-28
    price $179,500 1037-char remark

    Show marketing remark (1037 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

31. 2026-02-27
    price $179,500 1043-char remark

    Show marketing remark (1043 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

32. 2026-02-11
    price $180,000 1037-char remark

    Show marketing remark (1043 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

33. 2026-02-11
    price $180,000 1043-char remark

    Show marketing remark (1043 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

34. 2026-02-09
    price $188,500 1037-char remark

    Show marketing remark (1043 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

35. 2026-02-09
    price $188,500 1043-char remark

    Show marketing remark (1043 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

36. 2026-01-31
    price $188,800 1037-char remark

    Show marketing remark (1037 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

37. 2026-01-30
    price $188,800 1043-char remark

    Show marketing remark (1043 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

38. 2026-01-25
    price $189,900 1037-char remark

    Show marketing remark (1037 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

39. 2026-01-24
    price $189,900 1043-char remark

    Show marketing remark (1043 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

40. 2025-12-10
    listed $190,000 Active 1043-char remark

    Show marketing remark (1043 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

41. 2025-12-09
    listed $190,000 Active 1037-char remark

    Show marketing remark (1037 chars)

    Stunning Historic Home in the City of Benton Harbor, high on the hill overlooking the area that rolls out to the St. Joe River! This home has the WOW factor in so many ways! From gorgeous original woodwork, high ceilings, beautiful flooring & impeccable condition top to bottom, to new roof, new siding, updated windows, new furnace, & beautiful kitchens! The location is also just above the area that is becoming a wonderful & beautiful commercial corridor, yet far enough away for a peace of mind & a safe place to call 'Home'! The 2 tenants have been long term great tenants that are on month-to-month leases. Tenants pay all utilities. All of the mechanicals & electric updated & done very professionally! The stately historic home is a real gem & you'll feel that before you even walk in the front entrance! It could also easily be converted back to a spectacular single family home if desired! Located only 5 minutes from Lake Michigan, famous downtown St. Joe & Harbor Shores Resort!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $682 · $57/mo
• Projected year-2 tax: $1,611 · $134/mo
• Expected delta: +$930/yr (+$77/mo · 136.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥100°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 5/10 Major 8 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $41,112
• − Mortgage interest: −$9,243
• − Property taxes: −$682
• − Insurance: −$825
• − Repairs & maintenance: −$3,289
• − Management: −$3,289
• − Depreciation: −$4,800
• Taxable income: $18,985
• Est. tax owed @ 24.0%: −$4,556
• After-tax cash flow: $16,032/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Benton Harbor Area Schools
• NCES district ID: 2604830
• Math proficiency: 4% ▬ 0.00%
• Reading proficiency: 7% ▬ 0.00%
• Median HH income: $27,038
• Composite: 7.53/100
• National rank: #14787
• State rank: #732 of 760 in MI

Livability — Benton Harbor

• Score: 55/100
• State rank: #671
• US rank: #23724

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety A- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Benton Harbor, MI
• Population (ZIP): 29,796

Population outlook (Berrien County) Hauer SSP2

• Today (2025): 149,273 people
• By 2030: 145,211 · -2.7%
• By 2040: 135,435 · -9.3%
• By 2050: 125,543 · -15.9%
• By 2075: 103,986 · -30.3%
• By 2100: 82,256 · -44.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Black 50% White 37% Hispanic / Latino 7% Two or more races 6% Native American 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 1% Lithuanian 1% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Berrien

• 2024 margin: Lean R (+7.9) · D 45.4% · R 53.2% · Other 1.4%
• 2008→2024 swing: -13.3pp toward R · 2008: 5.5pp · 2024: -7.9pp
• All cycles: 2024: R+7.9 2020: R+7.4 2016: R+12.7 2012: R+6.6 2008: D+5.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -309.81%
• Current HPI: 209.9723
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

-13.2% since first listed

25 events — show timeline

• 2026-05-10 Price Changed $165,000 MiRealSource-MiMLS
• 2026-05-10 Price Changed $165,000 REALCOMP
• 2026-05-04 Relisted — MiRealSource-MiMLS
• 2026-05-04 Relisted — REALCOMP
• 2026-03-26 Listing Removed — MiRealSource-MiMLS
• 2026-03-15 Price Changed $168,000 MiRealSource-MiMLS
• 2026-03-14 Price Changed $168,000 REALCOMP
• 2026-03-11 Price Changed $169,500 MiRealSource-MiMLS
• 2026-03-10 Relisted — REALCOMP
• 2026-03-10 Price Changed $169,500 REALCOMP
• 2026-03-10 Relisted — MiRealSource-MiMLS
• 2026-03-05 Contingent — MiRealSource-MiMLS
• 2026-03-05 Contingent — REALCOMP
• 2026-02-28 Price Changed $179,500 MiRealSource-MiMLS
• 2026-02-27 Price Changed $179,500 REALCOMP
• 2026-02-11 Price Changed $180,000 MiRealSource-MiMLS
• 2026-02-11 Price Changed $180,000 REALCOMP
• 2026-02-09 Price Changed $188,500 MiRealSource-MiMLS
• 2026-02-09 Price Changed $188,500 REALCOMP
• 2026-01-31 Price Changed $188,800 MiRealSource-MiMLS
• 2026-01-30 Price Changed $188,800 REALCOMP
• 2026-01-25 Price Changed $189,900 MiRealSource-MiMLS
• 2026-01-24 Price Changed $189,900 REALCOMP
• 2025-12-10 Listed $190,000 REALCOMP
• 2025-12-09 Listed $190,000 MiRealSource-MiMLS

Property tax history

+11.2%/yr

Latest (2024): $682 · +3.9% YoY. Source: county tax records.